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News

Automatic Exchange of Information & the end of the Bank Secrecy era

January 2016 A landmark Agreement ending the Bank Secrecy era and introducing an International Automatic Exchange of Information (AEoI), namely the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA) prepared by the OECD, has been signed…

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News

Use of foreign companies in international business structuring

January 2016 Introduction International business structuring becomes nowadays one of the most popular way of legitimate business reorganization using economic, legal and other benefits of various jurisdictions. This issue becomes a reality, in particular, for those businesses which plan to…

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Bulgaria

Characteristics of Private Limited Liability companies in Montenegro, Bulgaria...

January 2016 Globalization made international capital boundaries disappear. Market size has become more important than the size of countries. Regions such as South East Europe with large number of smaller countries have attracted many foreign investors. When choosing a jurisdiction…

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News

Alternative Banking Solutions

January 2016 Choosing the right bank for both savings accounts and deposit accounts is not an easy task, and a lot of businessmen are facing continuously this choice since modern economy is closely related to banking activities. The process of…

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Albania

Albania abolishes taxes for small businesses

Albania/December 2015 The government of Albania has announced a new tax reform which includes the removal of the obligation to pay the simplified income tax for small businesses with annual turnover up to 36,000 Euros (or 5,000,000 ALL). This reform,…

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Albania

Albania and Kosovo sign a new agreement on double taxation

Albania/November 2015 An agreement for the avoidance of double taxation of income and capital taxes and the prevention of fiscal evasion, concluded between the Republic of Albania and the Republic of Kosovo, entered into force in March 2015. The agreement…

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Albania

Oil and gas exploration in Albania

Albania/October 2015 In May 2015, Albania initiated an international call regarding seven oil and gas onshore and offshore blocks. The Albanian competent governmental institution, the Albanian Agency of Natural Resources (AANR), has publicized the map featuring the free blocks for…

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Albania

Albania changes the double taxation agreement with Switzerland

Albania/October 2015 In 1999, Albania and Switzerland signed an Agreement the main scope of which is the avoidance of double taxation. The general objective of this kind of agreements is to make sure individuals and companies operating and residing in…

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Albania

New tax incentives for operating in free zones in Albania

Albania/September 2015 The Government of Albania has approved some amendments to the Law on the Establishment and Functioning of Economic Zones. The amendments introduce new regulations and new tax incentives for operating in the Free Zones. According to the approved…

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News

PEO Services: A Flexible Employment Solution

Services provided by a Profession Employment Organization (hereinafter “PEO services”) are quickly becoming the most demanded services on the labour market. Employers are increasingly searching for new business solutions to minimize their costs as well as risks and, as a…

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