Micro News

Micro News

Abu Dhabi is trying to attract start-up investment in a new technology hub. It seems that the United Arab Emirates intends to become a country whose economy does not depend on oil revenues. In this regard, Abu Dhabi will allocate AED 1 billion dirhams (USD $272 million) in order to support technology…


The world's largest producer of cryptocurrency mining chips Bitmain Technologies intends to postpone the holding of a large-scale initial public offering in Hong Kong, becoming the last victim of the fall in Bitcoin prices. On March 26th, the company reported that six months after filing an application…


The Government of the United Arab Emirates has issued a Resolution of the Cabinet of Ministers No. 10 of 2019 on the implementation of new legislation to combat money laundering (AML), adopted in late 2018. By means of the new legislation the following is being introduced: Risk analysis-based approach…


Among several other changes to strengthen legislation on foreign or non-UK resident investments, the UK government have released information for overseas companies with branches in the UK. Going forward, income earned by overseas companies stemming from intangible property and consequently used to produce…


The HMRC in the UK has published released guidance illustrating the requirements which will be imposed on foreign (or non-UK resident) corporate investors wishing to register and make direct or indirect disposal of UK commercial property or land. Last week, legislation was passed for most other investments…


The FCA (Financial Conduct Authority) in the UK has issued a fine to Standard Chartered Bank for reportedly over GBP £100 million for allowing grave and continuous inadequacies in its anti-money laundering checks regarding two high-risk business areas, namely in its corresponding banking subsidiary and…


Earlier this week, the Cyprus cabinet approved the upping of promotions and incentives to attract more German tourists as the industry hopes to maintain or see some kind of positive increase on last year’s record of over 4 million visitors in spite of recent economic woes from Germany. Speaking after…


Last week in the Netherlands, legislation to create and implement a semi-public register (only certain bodies will have free access to information) detailing ultimate beneficial owners of companies was submitted to the Dutch parliament. The register will be introduced as part of the Trade Register of…


Cyprus Extends Visa Scheme Amid EU Controversy

In spite of the recent votes to suspend EU visa schemes, it seems the Cyprus government have been given the green light to expand the Cyprus Start-up Visa Programme for a further 2 years; issuing 150 visas to foreign investors who invest in the Cyprus economy in exchange to live and work in the country…


China has released new information about how it will be opening up all areas of business to foreign businesses unless declared forbidden or out of bounds on a negative list, Hong Kong’s version of the EU Blacklist. The move is a result of the revised Foreign Investment Law which has enacted the new regulation. It…



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