Knowledge base

UAE Companies Establishing Substance in 2019

The UAE recently released their own version of CFC legislation: The Cabinet of Ministers Resolution n.31/2019 which came into effect in April earlier this year, in order to better regulate Economic Substance (ES) in the United Arab Emirates.

Have High Recent GDP Rates Lulled Cyprus Into a False Sense of Security?

The Cyprus government, for the last few years have been harping tales of steady growth and booming tourism levels; referring to the relatively high rate of growth of real GDP can be attributed to a number of factors: Declining official unemployment rates; excesses in the government accounts and the raising of large fund backing in international financial markets.

The Cyprus Co-op Enquiry Public Report: Who Was Really to Blame?

Since the report on the collapse of the Cooperative Credit System was released recently, everyone seemed to have an opinion on the matter about who was to blame for the whole debacle. The report was fairly conclusive, giving a general overview of what the public enquiry discovered.

On horizon of new technologies in Singapore and their progressively prevalent role in the daily lives of residents have started shaping developments over the past year and has in turn shaped a new set of new opportunities in the city-state, amid somewhat economic uncertainty in Asia.

CJEU: Defines Key Definitions for Tax & Beneficial Ownership Purposes

Last month, the Court of Justice of the European Union (CJEU) issued a series of important judgments dealing with tax avoidance and beneficial ownership in the context of the EU Parent-Subsidiary Directive (PSD) and the Interest and Royalties Directive (IRD).

Has the Legal Sector Tech Revolution in Singapore Come at a Price?

Rapid advances in technology and the higher demands and increasingly complex international clients are forcing Singapore-based Lawyers to transform the way they work. An example of this is the huge of growth of Wi-Fi on airplanes, with many cities now providing coverage free of charge including on metros and trains.

ACRA Update: RFAs Compliance with Singapore Companies Act

All Singapore Registered Filing Agents (RFAs) were sent a friendly reminder from ACRA regarding ensuring all entities are acting in compliance with Singapore legislation.