Cyprus’ tax incentives for foreign technology companies have proven successful, with around 7,000 work permits issued as of September 2022 to highly skilled individuals of tech companies who moved their business operations to Cyprus. The tax incentives have attracted foreign technology firms from all of the world and significantly contributed to the growth of the […]
Marián Vasil: “Interesting comparison between Florence and Dubai, my home city at the moment.” I have just spent few weeks in Florence, a beautiful Italian city with rich history, renaissance architecture, delicious local cuisine and unforgettable atmosphere. And I would like to try to make one particular, I believe interesting comparison between Florence and Dubai, […]
The Dubai Multi Commodities Center (DMCC), a renowned economic free zone in Dubai is to allow licensing for firms that offering, issuing, listing and trading crypto assets. The licenses will be offered by the specialized DMCC Crypto Center after being pre-screened by the Securities and Commodities Authority (SCA). The move is seen as a step […]
The United Arab Emirates is one of the world’s fastest-growing tax havens according to The Corporate Tax Haven Index 2021, a study of Tax Justice Network published on 9 March, 2021. On top of the list are the United Kingdoms’s offshore territories the British Virgin Islands, the Cayman Islands and Bermuda as the most significant […]
In a landmark citizenship policy change, the UAE is to allow for the naturalisation of foreign investors, skilled professionals, such as doctors, scientists, engineers, and talented people, such as artists and authors, and their families. The UAE cabinet, local Emiri courts and executive councils will nominate those eligible for the citizenship under the clear criteria […]
On 23 November 2020 the government of the United Arab Emirates officially announced that foreign investors can fully own local companies (LLC and joint stock companies) without the need for an UAE citizen sponsor currently required to hold the 51% majority. The landmark new rule takes effect on 1 December 2020, however several sectors deemed […]
After a few contentious weeks of negotiations, Cyprus and Russia have reached a final agreement on their amended double tax treaty. Russia plans to introduce a 15 percent fee on dividends paid to Russian-owned parent companies in Cyprus in order to ease the pain caused by COVID-19 pandemics and cope with the current decline in […]
Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan said Indonesia will not open the tourism sector to foreign tourists until the end of 2020. He said the government decided to focus on domestic tourism to restore the tourism industry that has collapsed due to the Covid-19 pandemic. If this is implemented, Bali Governor Wayan […]
The National Day of Singapore is a public holiday, celebrated on August 9th each year. If August 9th falls on a weekend, then a public holiday will be observed on the following Monday. Rehearsals for the occasion begin three to four months in advance, with preview shows on the two weekends leading to the celebration. […]
The reason why the Belgian National Day exists is that in 1830, the southern provinces of the United Kingdom of the Netherlands rebelled against Dutch rule, forcing the Dutch out of the region and securing Belgium’s independence. Subsequently, This independence was approved by the European powers at the London Conference of 1830-31. Belgian National Day […]
