On May 8th, Bittrex Inc, a cryptocurrency exchange based in Seattle, filed for bankruptcy protection following allegations by the U.S. Securities and Exchange Commission (SEC) that it had operated an unregistered securities exchange. The bankruptcy filing will only affect Bittrex’s operations in the United States, while its non-U.S. operations in Liechtenstein, known as Bittrex Global, […]

The Spanish government is considering tougher requirements for granting residency permits to foreign wealthy individuals who purchase accommodation in Spain worth 500,000 euros. These permits, known as “golden visas,” were introduced in 2013 and have allowed 100,000 wealthy foreigners to obtain residency in Spain through real estate investments. However, they have been criticized for encouraging […]

The European Commission has published a list of countries that have joined the TC AdES LOTL list. It contains information about electronic signatures and seals of non-European Union countries that can be verified in EU countries. Ukraine has become the first country to enter this list. With the help of the TC AdES LOTL, software […]

From April 1, 2023, changes in corporate taxation came into force in the UK, which affected the following points: The corporate tax rate has been increased from 19% to 25% for companies with an annual income of more than £250,000. However, for companies with an annual income of less than £50,000, the tax rate will remain […]

The governor of the Indonesian island of Bali, Wayan Koster, is considering introducing quotas for foreign tourists for the next 100 years to reduce the risk of them flouting local laws. The proposed quota system aims to reduce the risk of foreign tourists violating local laws. For example, some tourists, after running out of money […]

The Cyprus finance ministry has stated that it froze over €1.5 billion in Russian assets, contrary to reports that assets worth €104 million had been frozen. The European Commissioner for Justice, Didier Reynders, had commented on the seemingly low figure, stating that other EU member states had frozen between €2-4 billion of Russian assets of […]

The Dutch Parliament’s Upper House has approved a Double Tax Treaty between Cyprus and the Netherlands, which is the first of its kind. The Treaty was signed on June 1, 2021, and is expected to come into effect from January 1, 2024. The ratification process in the Netherlands is not yet complete and will be […]

The Cypriot government has announced the implementation of stricter regulations for its Permanent Investor Residency program, commonly referred to as the Golden Visa program. The changes were approved by the Council of Ministers in April and came into effect on May 4th, 2023. The primary aim of the new regulations is to improve the integrity […]

The Portuguese government has introduced amendments to the bill related to the golden visa program, which will affect all previous golden visas and turn them into a D2 visa. Under the new bill, the mandatory stay in Portugal for 183 days in a calendar year has been removed, and instead a stay in the country […]

According to information obtained by the Bloomberg agency, the authorities of Dubai have begun to strengthen checks on companies that apply for a license to operate with cryptocurrencies. This follows the collapse of the FTX exchange last year. Dubai is keen to strike a balance between innovation and business ties with the West, where market […]