Cyprus Ends Government Annual Levy of €350 for Businesses
The move to cancel it is a part of a larger €60 million support package to stimulate the Cypriot economy.
12. February 2024
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The move to cancel it is a part of a larger €60 million support package to stimulate the Cypriot economy.
Luxembourg is a small country by size, but big one by its importance for investment industry as it is the biggest domicile for investment funds in Europe and the second preferred location for investment funds worldwide after the Cayman Islands.
Dutch Private Foundation is a civil law alternative for the Anglo-Saxon Trust for the purpose of asset protection. It is a legal entity with its own rights and obligations, can hold assets in its own name and have beneficiaries including a settlor.
The United Arab Emirates (UAE) is making significant strides towards exiting the Financial Action Task Force (FATF) ‘grey list,’ which comprises countries under increased monitoring for deficiencies in their anti-money laundering (AML) and counter-terrorism financing (CTF) regimes.
Panama has achieved a significant milestone by exiting the Financial Action Task Force (FATF) grey list of financially high-risk countries. The FATF plenary meeting in Paris recognized Panama’s strengthened anti-money laundering and counter-terrorism financing prevention system and its implementation of substantial standards.
Previously, Thai tax residents were taxed only on their foreign-sourced income if it was brought into Thailand within the same tax year. However, starting from January 1, 2024, foreign-sourced income brought by Thai residents into Thailand will be subject to Thai personal income tax irrespective of when it was brought into Thailand.
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