Greek Finance Minister Euclid Tsakalotos published a decision dated July 21, 2016, a by virtue of which capital control measures have been substantially lifted aiming at the strengthening of the deposit basis of the banks in Greece. Specifically, the following…
During a period of intensive efforts towards attracting foreign investors and building a healthy and developed financial and business system, the Cypriot Council of Ministers has recently approved new attractive tax incentives. The incentives target the support of new and…
All 28 EU Member States are called to implement into their national legislation enhanced measures against tax avoidance practices until 31 December 2018, according to the new EU Directive adopted earlier this month. Provisions of the Directive are based on…
The British voters on 23rd June 2016 passed a historical decision to exit the European Union, changing the landscape and making the ‘’BREXIT’’ a forthcoming reality. Inevitably, this decision will also affect the entire financial sector, including both local and international…
Officials of Jersey and Cyprus have signed a Double Taxation Agreement (DTA) on 11 July 2016 in London. The agreement – negotiations for which have lasted since 2013 – will come into force once all the necessary parliamentary procedures in…
In the jurisdictions of BVI and Belize, legislative amendments have already been or are expected to be implemented, focusing mainly on the global trend on transparency. In the British Virgin Islands, the BVI AML Code of Practice and Regulations and…
The new laws’ approval on the National Registration Center and the commercial companies, respectively in 2007 and in 2008, represented a revolution in the process of the registration of commercial companies in Albania. Continuing with the reform aiming at the…
The Hellenic Parliament, with the purpose of meeting the financial targets of the third bailout program, adopted the new Laws 4387/2016 and 4389/2016 by virtue of which significant changes have been introduced to the Hellenic Tax Regime. A. Income Tax:…
The Law No. 289-VIII, dated 7 April 2015, regarding the improvement of the legal framework for protection of investors’ rights in Ukraine came into effect on 1st May 2016. The Law includes important changes into Commercial Procedural Code of Ukraine…
All resident companies incorporated under FYR Macedonian legislation are required to select a main business activity code during the incorporation procedure. This business activity is what the company founders plan to be the main activity of the legal entity. However,…
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