The Financial Action Task Force (FATF), an intergovernmental organization that develops and promotes policies to combat money laundering and terrorist financing, has issued guidance on beneficial ownership of legal persons. Beneficial ownership refers to the individuals or entities that ultimately own or control a legal entity, such as a company or trust. The transparency of […]

The UK government offers support for family members of British nationals in Ukraine and Ukrainian nationals in the UK who have been affected by the conflict in eastern Ukraine. The support includes priority visa processing, free-of-charge visa extensions, and access to a dedicated phone line and email address for inquiries. To apply for support, eligible […]

The United Arab Emirates will introduce a new flexible work permit system that will allow employees of all specialties and qualifications to work at their place of residence. This was announced by the Minister of Human Resources and Emiratization of the UAE, Abdul Rahman bin Abdulmanan Al Awar. This new policy for foreign work is […]

Silicon Valley Bank (SVB), the U.S.’s 16th largest bank, was closed on Friday, March 10, 2023, by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Signature Bank, New York, NY was closed on Sunday, March 12, 2023, by the New York State Department of Financial […]

The most important innovation is that it will not be possible to buy several objects for a total of $400,000, as well as to buy shares together with other foreigners in order to reach the minimum entry threshold. According to the new instructions of the General Directorate of Land Registry of Turkey, from January 1, […]

The government of Georgia allowed citizens of Ukraine to stay in the country for up to 2 years without the need to apply for a visa and residence permit. The relevant resolution was published on the official website of the Legislative Herald of Georgia. Document No. 81 was adopted on February 24, 2023 and amends […]

On February 14, 2023, the EU added four jurisdictions, the British Virgin Islands, Costa Rica, the Marshall Islands and Russia, to its list of non-cooperative jurisdictions for tax purposes (the “EU Black List”). There are currently 16 jurisdictions on the EU Black List, which can be found here. Reasons given by the EU Council for […]

The delegation of the government of Montenegro informed the European Commission about the termination of the program for obtaining Montenegrin citizenship by investment. The decision was made due to criticism from Brussels, which believes that the program poses a “risk of committing serious crimes.” “Regarding economic citizenship, the Montenegrin delegation informed that the Special Investment […]

In Europe, they released the first fully licensed stablecoin, which has the name “EUROe”. This is the first product of its kind in Europe. This coin was created on the basis of the Ethereum blockchain, where it is pegged to the euro at a ratio of 1:1. One of the most important characteristics of this […]

InterNations, the world’s largest expat community with over 4.7 million members, Expat Insider, which is one of the largest researches on living and working abroad. InterNations has updated its ranking of expat cities for 2022. This year, 11,970 expats took part in the survey. The study analyzed 50 cities around the world according to the […]