During the Washington visit of Iranian Minister of Economic Affairs and Finance, Ali Tayyebnia, on 8th October 2016, the US Treasury Department announced that it now permits financial transactions in US dollars between Iran and non-US financial institutions. The only…
Maybe the recent events of the worldwide economic breakdown are starting to fade, however the consequences are still notable in businesses. Thus, the importance of addressing corruption and combating illicit financial flows is completely unquestionable. There is international consensus that…
Following our last article on the expected amendments to the Cyprus IP Box Regime , on 14 October 2016, the Cyprus House of Representatives voted into law the revised IP Box Regime of Cyprus. The new IP Box Regime, defines…
Free zones are physically enclosed and marked parts of the territory of the Republic of Serbia, equipped with infrastructure, where production and service activities can be carried out with certain incentive benefits. Serbia is characterized by a favorable geographic position…
As a relatively new country with business potential that is yet to be fully explored, Kosovo is positioning itself as an attractive investment location for foreign companies of many sectors. In addition to the young and skilled workforce and a…
Setting up a company in Georgia Starting a business and setting up a company has never been easier in Georgia. The time frame is limited to 1-2 days and requires very few documents. Companies established in Georgia are subject to…
Has the bank secrecy era really come to an end? Who will have access to the information on the ultimate beneficial owner (“UBO”)? Who will verify the information provided to the registrar? These are the types of questions asked in…
By 9th of June 2016 there is no tax exception or tax relief will not be granted to any arrangement or a series of arrangements whose main purpose is to obtain a tax advantage, after analyzing all the relevant facts…
We are proud to announce that for the 3rd year in a row, Eurofast took part in the South East Europe Private Equity and M&A Forum 2016, held in Metropol Palace Hotel in Belgrade on October 6th, 2016. The conference,…
The various instances of information leaks (Falcian`s Swissleaks, Luxembourg Leaks, Swiss Leaks, Panama Leaks), as well as the requirements on information exchange between countries imposed by international organizations (FATF, OECD), the EU legislation and domestic laws, essentially eliminate the possibility…