Micro News

The number of company registrations increased to an annual 1.2% last month. According to the Department of Registrar of Companies and Official Receiver, this amounted to a total of 1,304 start-up companies and company registrations also rose 1.3% to 7,750 from January to July. Essentially, the number…


According to the amended Passport Index, Cypriot passports have a power rank of 12 and also, received an Individual Power Rank of 37 internationally. Cypriot passports stand to be one of the strongest in the world, as passport holders are capable to travel to nearly 150 different countries without requiring…


Cyprus: 70% of Crimes Now Solved

According to the Cypriot police, nearly 70% of crimes committed in the first half of the year have now been solved.


The Belt and Road Initiative was revealed in 2013 and it aims at constructing an up and coming “Silk Road”. This would connect China by land and sea to Central Asia, Southeast Asia and Pakistan, and even beyond to Europe, Africa and the Middle East.


India: Cracks Down on Shell Companies

The Indian government has noticed a rapid wave in shell companies which were depositing cash in banks, apparently in an attempt to hide who owned that wealth. This is following the surprising ban of high denomination currency bills last year by India’s Prime Minister, Narendra Modi. According to Modi’s…


The Swedish Parliament has now transposed the Fourth EU Anti-Money Laundering Directive (4AMLD), into their national legislation with immediate effect. And so, private companies and other entities have to now register their beneficial owners with the Companies Registration Office in Sweden. With regards…


Under the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 in New Zealand, the number of overseas trusts decreased by 75% in the beginning of July, after the new launch of disclosure and registration regulations. A statement released by Inland Revenue says that the department…


EU finance ministers are currently developing a joint project from Germany and France on potentially taxing home-sharing platforms, like Airbnb. The proposal is said to be discussed in the meeting in Tallinn, Estonia on Saturday the 16th of September. Airbnb is a leading competitor within the sharing…


The European Court of Justice (ECJ) is now being asked to look into a Dutch business’ suit regarding the rules in Germany for anti-tax treaty shopping which are allegedly conflicting with EU law. The provisions under examination affirm that Germany has the ability to charge withholding tax on payments…



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