Micro News

Micro News

Cyprus Finance Minister, Mr Harris Georgiades has commented on the island’s citizenship-by-investment programmes impact on the economy and has stressed that the schemes contribution to growth over the last three years was minimal. The cabinet have recently tightened procedures for applicants after being…


Last week, the Cyprus Parliament voted on a change in the law to start regulating the cultivation and supply of medical cannabis to island residents. Going forward, the Cyprus government will control the legal import of cannabis seeds, the production of pharmaceutical cannabis plants, exporting and controlled…


After the harmonised and corresponding global economic ‘mini boom’ during 2017, then came the contrasting and very different varied growth rates of various global economies over 2018. This has been when the majority of countries outside the US started to experience economic slowdown. Experts have released…


Last week, the EU announced it had made huge progress towards closing the blind spot with China and the tightening of its inspection of foreign appropriations in strategic business sectors such as communications and AI (artificial intelligence) after growing concerns about investments by China. The…


Wealthfront is a US-based digital wealth management company who uses robo-advisers to offer free financial advice to its clients. Last week it reported plans to start expanding its products and services. The new suite of financial products on offer will introduce a cash account with a rate on deposits…


The OECD & BEPS have launched a new public session on any potential resolutions, ideas or suggestions regarding taxation weaknesses and loopholes arising from the digitalisation of the global economy. The group have announced it as part of its on-going base erosion and profit shifting project. After…


The government in Cyprus have recently confirmed that they will be amending the requirements of the islands golden visa or citizenship-by-investment scheme, following OECD and the European Union’s recommendations. Specific details of the new requirements will be released shortly however the government…


As announced last November, the HMRC (the body that deals with taxation and administration in the UK) wants to implement a surcharge tax for non-residents. The Prime Minister has recently updated plans to hold an assembly seeking views the design and implementation of a 1% stamp duty increase for non-UK…


The European Council of Ministers together with the European Parliament have acknowledged the European Commission's suggestion to make law enforcement authorities' access to financial information for serious criminal investigations quicker and easier. The self-named security union proposals, first met…



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