The legal jurisdiction we would like to focus your attention on in this short essay is Morocco. While for some people Morocco is cosmic blue wrapped in the gardens of Majorelle and for others it is the fragrance of saffron leading to Casablanca, for business it is a promising new jurisdiction that should not be …
In 2022, the procedure for economic and tax cooperation between Russia and many Western countries underwent significant changes. At the official level initiatives are being taken to terminate agreements on the avoidance of double taxation with “unfriendly” countries (the “Agreements“). In particular, the Ministry of Finance and the Russian Foreign Ministry made a proposal to …
Georgia is continuing to attract foreign business to the country, inviting foreigners to establish subsidiaries and new companies or to open up branches. With a view to this, special tax regimes have been created for IT companies. As distinct from other states, the criteria for companies claiming eligibility for tax benefits in Georgia are extremely …
On 21 December 2022, the Spanish Parliament (the Cortes Generales) approved the Law on promoting an ecosystem of startups, known as the ’Startup Law’, which came into force on the next day. The Startup Law provides for the main tax benefits and social guarantees that are listed below. This regime (the ‘Beckham Regime’) will apply …
The state of Israel has always been of interest to Russians regardless of their confessional identity or nationality. The history of Israel is closely bound in with the culture and religion of many Russian citizens and citizens of other countries of the former Soviet Union. After diplomatic relations were reestablished between the USSR and Israel in 1991, millions of Russians …
An increasingly smaller number of countries now offer sufficiently convenient taxation to allow cross-border business to be carried out. Georgia is one such country. Despite the recent deterioration in the attitude towards newcomers, this small country still affords to expatriates the opportunity of working under very comfortable conditions. Georgia has two tax statuses which can …
European, Emirati, Turkish, Hong Kong and other foreign companies with founders and shareholders from Russia and other countries of the former USSR often face difficulties when trying to open bank accounts in the countries where the companies have been incorporated. In some cases, a check when accounts are opened takes up to six months. Sometimes, …
Difficulties with the opening and maintenance of bank accounts Read More »
The COVID-19 pandemic has upended conventional thinking about work, creating impetus to increase the number of digital nomads – i.e., freelancers and remote workers traveling the world while working online. Some states provide favorable conditions for such migrants in order to attract qualified specialists and additional cash flows to the economy. Spain has joined their …
Spain launches visas and tax breaks for digital nomads Read More »
Sector-specific agencies had previously suggested that applicants’ LLC membership interest or share transactions and dividend payments could be approved in two cases: if the transaction does not result in a business closure or funds leaving the country, and if the company continues to operate effectively on the Russian market. On 12 December the Sub-Commission of …
A three-year transition period has been established for organizations to connect to GosSOPKA The Federal Security Service of Russia’s Decree dated November 1, 2022 has been published [1]. According to the Decree, federal bodies of executive power, authorities of constituent entities of the Russian Federation and organizations have right to make the transition to GosSOPKA …
