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Q&A: Does my Cayman Company Have to Register for FATCA? 2020 Update
Q&A: Does my Cayman Company Have to Register for FATCA? 2020 Update 02.07.2020 3 min read

Q- As far as my Cayman Islands company doesn’t have US investors, does it have to register with FATCA? A- Yes- The IGAs and the FATCA Regulations apply to all …

Reporting Requirements for Scottish Limited Partnerships
Reporting Requirements for Scottish Limited Partnerships 02.06.2020 3 min read

The financial and reporting requirements for Scottish Limited Partnerships (SLPs) vary depending on whether the company is a micro-entity, or a small, medium or large entity. Micro-entities and small companies …

UK Penalties For Filing Incorrect Financial Statements & Corporate Tax Returns
UK Penalties For Filing Incorrect Financial Statements & Corporate Tax Returns 05.05.2020 3 min read

HM Revenue and Customs (HMRC) General anti-abuse rule (GAAR) guidance, with reference to The UK Finance Act 2013, the UK Companies Act 2006, the National Insurance Contributions Act 2014. All …

The Secrets to Successfully Opening a Bank Account in Singapore
The Secrets to Successfully Opening a Bank Account in Singapore 03.09.2018 3 min read

How it all began For more than 10 years, our company has been successfully opening bank accounts for our clients. During this time, we have accumulated a vast experience in …

Is Cyprus Heading for Another 2013 Banking Crisis?
Is Cyprus Heading for Another 2013 Banking Crisis? 22.08.2018 3 min read

Cyprus is experiencing another banking collapse. Currently, Cyprus Co-operative Bank is going through a difficult time. This passes unnoticed among most foreigners and it is not surprising – the bank’s …

Bank of Cyprus Overseas Companies’ Account Closures: What to Do?
Bank of Cyprus Overseas Companies’ Account Closures: What to Do? 08.08.2018 3 min read

On June 14th 2018, the Central Bank of Cyprus sent a letter to all financial institutions in which he urged Cypriot banks to close down bank accounts for sham companies. …

Q&A: Does my Cayman Company Have to Register for FATCA? 2020 Update
Q&A: Does my Cayman Company Have to Register for FATCA? 2020 Update 02.07.2020 3 min read

Q- As far as my Cayman Islands company doesn’t have US investors, does it have to register with FATCA? A- Yes- The IGAs and the FATCA Regulations apply to all …

Reporting Requirements for Scottish Limited Partnerships
Reporting Requirements for Scottish Limited Partnerships 02.06.2020 3 min read

The financial and reporting requirements for Scottish Limited Partnerships (SLPs) vary depending on whether the company is a micro-entity, or a small, medium or large entity. Micro-entities and small companies …

UK Penalties For Filing Incorrect Financial Statements & Corporate Tax Returns
UK Penalties For Filing Incorrect Financial Statements & Corporate Tax Returns 05.05.2020 3 min read

HM Revenue and Customs (HMRC) General anti-abuse rule (GAAR) guidance, with reference to The UK Finance Act 2013, the UK Companies Act 2006, the National Insurance Contributions Act 2014. All …

Deutsche Bank Again Found to be Involved with the Latest in Jho Taek Low Case
Deutsche Bank Again Found to be Involved with the Latest in Jho Taek Low Case 17.03.2020 3 min read

New reports have come to light regarding Jho Taek Low, who is a Malaysian businessman and international fugitive sought by the authorities in the US, Singapore, and Malaysia in connection …

The Current Issue with Excess Liquidity in Cyprus Banks 13.03.2020 3 min read

A recipe for potential problems and symptoms of a troubled economy is when the main banks have what is known as excess liquidity. When citizen have to borrow money, however …

Cyprus Financial Authorities Agree to Reduce Bank Charges & Assist Elderly Clients 11.03.2020 3 min read

Earlier this week, financial authorities such as Bank of Cyprus, issued a ruling officially scaling back on the recently announced controversial bank charges, which corporations and individuals found out about …

Russian Entrepreneur & Cyclist Released on Bail in the UK on Tax Fraud Charges
Russian Entrepreneur & Cyclist Released on Bail in the UK on Tax Fraud Charges 06.03.2020 3 min read

Westminster Magistrates Court has released Russian entrepreneur and businessman, Mr Oleg Tinkov on bail while he fights extradition to the US on charges of failing to disclose income in his …

Private UK International Law Bill to Replace EU Directives: Brexit 3 min read

The UK government has introduced a Bill allowing it to enact into domestic law any new international agreements it makes on private international law, now that its departure from the …

Companies Relocating Within EU Cannot Offset Accrued Losses Anymore 3 min read

The Court of Justice of the European Union (ECHJ) has held in AURES Holdings (C-405/18) that acompany which relocates from one EU Member State to another cannot take its previously …