News

The EU included South Korea and UAE in the list of prohibited offshores

Due to the fact that there is withholding of tax information in these jurisdictions, the European Union has published a "black list" of offshore companies. The list contains states whose efforts in the field of combating money laundering and terrorism do not meet the standards of the European Union.


Malta’s Sandbox Test of Cryptocurrency Control

Malta’s regulators are studying the possibility of regulating cryptocurrencies, early this year at the Centre for European Policy Studies (“CEPS”) Ideas Lab of 23-24th February, 2017 in Brussels.


Bitcoin plummets after China denounces Initial Coin Offerings as illegal

Earlier this month, China shocked investors everywhere by banning both corporate and personal fund raising using ICOs (initial coin offerings) such as bitcoin, stating that such practices constitute illegal fundraising due to the current lack of regulations and increasing reports of misuse.


Cyprus: 7th Most Popular Place in Europe for Brits

Notably, the most popular hotspot is Paphos when is then followed by Famagusta, Limassol, Larnaca and Nicosia. The majority of inquiries were for houses/villas in Limassol at 55%, whereas others were interested in apartments in Nicosia leading with 72%. Limassol leads with the highest average listing price at EUR €329,431 whereas Famagusta has the lowest average asking price of EUR €127,855.


ACRA: New Updates on Initiatives for Singapore Filing Agents

ACRA have recently updated their guidelines therefore bringing it transparently in line with other jurisdictions. Following this, businesses will be offered a copy of their business profile and the amount of information available for public use will increase substantially.


Singapore has signed the BEPS Multilateral Tax Treaty

Singapore recently signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS).