The Malta Financial Services Authority has recently penalised MPM Capital Investments and its Directors for the unlicensed conduct of regulated businesses regarding monetary remittance. Electronic Money Institutions (EMI) are one…
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UK: The Popularity of New Visas for Overseas Business Owners is Gaining Momentum
The UK government has introduced a new type of UK visa – the Representative of an Overseas Business visa. The new UK visa allows senior management of overseas businesses to…
Singapore: New Stricter Rules for Employing Foreigners
The Singapore Ministry of Manpower has issued new, more strict requirements for the employment of foreigners by Singapore companies. During each general election, the quoted figure of foreigners compared to…
Cyprus ASPs: How We Can Help
Each licensed Administrative Service Provider (ASP) in Cyprus is registered under CySEC, and must comply with the preparation and submission of the below-mentioned reports in order to be eligible for…
Cryptocurrency: EU Looking for Legal Assurance
“HARMONISATION” is a key word within the EU now. Efforts are now underway to harmonise the national tax systems in order to put an end to tax rates, benefits, and…
The End of State COVID-19 Support for Businesses: What to Expect in September?
Countries across the world, those which can financially afford it, are trying to help businesses to survive the COVID-19 restrictions imposed by the national governments. The UK government has introduced…
A Sudden Increase in Demand for Secondary Passports
One of the nations which are offering the second passport, Vanuatu, has recorded the record surge in demand for the second passport programme. The demand helped to cover about 80%…
EU: The End of Foreign Property Acquisition?
The shortfall in the EU Member States’ budgets is pushing the national government of the EU Member States to find the solution on how to fill out the national treasurers.…
EU: Further Push for Tax Harmonisation to Address Unfair Tax Competition and Aggressive Tax Planning
EU authorities have delivered the 2020 Tax Package which is aiming to address unfair tax competition and tax systems that allow aggressive tax planning within the EU. It looks like…
Trusts: When Assets Can no Longer be Hidden in Foreign Trusts
Tatiana and Farkhand Akhmedov are battling in the High Court of England and Wales over the fortune of one of the wealthiest Russian businessmen. Mr. Akhmedov hid his assets within…