LEGAL ALERTS

On August 8, 2023, Russian President Vladimir Putin signed an Executive Order to suspend certain provisions of Double Taxation Treaties with a number of countries[1] (respectively, the ‘Order’ and the ‘Treaties’). The Treaties that are subject to the Order are those with the EU countries, the USA, Korea, United Kingdom, Albania, Montenegro, Norway, Canada, Switzerland, […]

The Sub-Commission of the Government Commission for Overseeing the Making of Foreign Investments in Russia (‘the Sub-Commission’) has approved an updated list of criteria for issuing permissions for transactions with shares, membership interests and deposits (the ‘Assets’) involving foreign parties connected with states taking hostile actions against the Russian Federation. The decision of the Sub-Commission

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

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,

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