Micro News

Micro News

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…


Canada's Federal Budget for 2019 was just released and its main agenda is to focus on criminalising the activities of profit shifting by service providers and advisors on behalf of another individual, entity or organisation.  These kinds of transfers will become unlawful if the activity is carried out…


According to the General Regulations for the Protection of Personal Data (GDPR) in their privacy policies, companies are required to use simple and understandable language. However most users do not read such notifications. According to Associate Professor at Victoria University Samuel Becher, people…



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