HEADQUARTERING AND BUSINESS RELOCATION TO CYPRUS
INTRODUCTION By now everybody knows that Cyprus belongs to the EU, about our unrivalled sunny days and our strategic location. This is old news. Why bring Cyprus back on the Headquartering map? Does Cyprus have something new to offer to businesses and individuals that wish to relocate their businesses to Cyprus?
Special Protection for displaced Ukrainians across Europe and the UK
The Council of the European Union has responded to the refugee crisis in Ukraine by invoking the Temporary Protection Directive (TPD), Council Directive 2001/55/EC which came into force in 2001. The Commission has recognised the immediate necessity to protect the displaced Ukrainians who have reached the European Union.
The Thai Cabinet approves Tax Relief Measures on Digital Assets and Startups
On March 8, 2022, the Thai Cabinet of the Royal Thai Government has approved in principle two different sets of tax measures.
New Powers for Companies House sweeping in to oversee British and Overseas Business Entities
The British government is taking robust measures to combat financial fraud and economic abuse. In February 2022 the Government published a White Paper, Corporate Transparency and Register Reform Reform on a range of measures driven by a determined effort to close down a range of global economic and financial fraud, such as fraudulent ‘shell’ companies, money laundering and phoenix …
The Third Anti-Tax Avoidance Directive (ATAD 3) The tombstone of shell entities
A. INTRODUCTION The European Commission on the 22nd of December 2021 published a legislative proposal for a Directive to be issued, the Third Anti-Tax Avoidance Directive, known as “ATAD 3”, which sets forth rules to prevent the misuse of shell companies for tax purposes. The Directive should be adopted early 2022 by the Council and …
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The overriding effects of Competition Act over State Acts: determining the ‘sufficient cause’ in the condonation of delay
Yet again, the Hon’ble Supreme Court of India in the case of CCI v. State of Mizoram dated 19.01.2022 has set aside the impugned judgment of the Guwahati High Court that restricted the Competition Commission of India (hereinafter referred to as the CCI) to pursue its investigation. The Apex Court upheld the authority of the …
IMPLEMENTATION OF THE SALE OF GOODS DIRECTIVE IN EU MEMBER STATES
Background In follow-up to our recent article[1] on the novelties brought by the Directive (EU) 2019/771 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the sale of goods, amending Regulation (EU) 2017/2394 and Directive 2009/22/EC, and repealing Directive 1999/44/EC (the “Directive”) and its transposition into …
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NOTABLE PROVISIONS OF DECREE 02/2022/ND-CP
On 06 January 2022, the Government promulgated Decree 02/2022/ND-CP on elaboration of certain articles of the Law on Real Estate Trading (“Decree 02”). Decree 02 takes effect on 1 March 2020 and supersedes current regulations stipulated in Decree 76/2015/ND-CP and its relevant amendments relating to the conditions for organizations and individuals engaging in real estate …
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Voluntary Liquidation of Commercial Companies in the State of Qatar.
Introduction: After discussing the provisions of Compulsory Liquidation stipulated in the Qatari Commercial Companies Law (CCL) in our former article, it is of a great importance to introduce the reader to the concept of Voluntary Liquidation of Commercial Companies. Going through the Qatari (CCL), a brief overview of the Voluntary Liquidation process provisions will be …
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Qatar Free Zones
Introduction: Attracting foreign investments is a goal that each and every state in the world is vigorously working hard to achieve. Consequently, and since Qatar is one of the fastest Developing states in the region, the strategy of attracting investments has been adopted by the state which led to bold decisions, measures and procedures.