Micro News

An appellate tribunal in India has held that a legitimate Mauritius citizens tax residency certificate is sufficient evidence that the taxpayer is the beneficial owner of interest income from its investments in Indian debt securities for the purpose of the India Mauritius tax treaty. The decision in…

The Foreign and Commonwealth Office in the UK has told the House of Commons that the current balance of power between the UK and its overseas territories should remain unchanged; proposing that the UK shouldn’t engage the territories protests to opening public beneficial ownership registries by 2020. The…

New Zealand has new legislation coming into force this week amending the prohibition on foreign purchasers obtaining existing homes. The administration in New Zealand has declared it will extend the amendment of the NZ Overseas Investment Act to incentivise willing foreign investors as long as they are…

This month, the British Virgin Islands have amended two laws, namely the Banks and Trust Companies Act 1990 and the Company Management Act 1990 in order to offer two new license classes of trust and corporate service providers important to family and other related groups. A Class 4 trust license enables…

The OECD’s latest publication regarding jurisdictions various compliance evaluations classify the following countries as only “mostly” compliant: The UK. Austria. Aruba. Brazil. Saint Kitts & Nevis. While Singapore and Bahrain meet the “compliant” standard. Even though the UK was one of the…

The OECD has recently targeted 21 jurisdictions currently offering citizenship or residence by investment schemes that potentially pose high risk to abetting tax evasion. The forum states that such golden visa arrangements can easily be abused, in order to hide an investors tax residency. Such ventures…

Alibaba, the legal representative of the popular online platform AliExpress is looking to conquer Turkey along with the other Chinese trading platforms. After the collapse of the Turkish lira; several large Chinese companies including tech giant Alibaba intend to take dominance over the Turkish market. To…

According to sources, the new software for WhatsApp poses great risk to phones. So, malware can steal user data and hack the device accordingly. For a long time, the popular messenger developers have diligently maintained a safe ecosystem, however it seems that now new loopholes have appeared in it. Currently,…

The National Federation of Cypriots in the UK initiated a survey in order to take opinions of the UK Cypriot community members regarding Cypriot citizenship applications and the correlation of Brexit. According to the federation, during 2015, the year before the UK voted to leave the EU, only 30 applications…

On September 24th, the newspaper Halkin Sesi published in the northern part of Cyprus reported an increase in the number of tourists among Greek Cypriots and tourists from Turkey. However, the influx of foreign nationals has generally declined. During the summer months of 2018, it was recorded that…