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Blog Updates

Costa Rica will provide VAT benefits for SMEs

Costa Rica will provide VAT benefits for SMEs  The Legislative Assembly of Costa Rica is considering Bill 21.963, which was received on May 5, 2020. The bill provides for temporary exemption of VAT for SMEs from charges for water and electricity consumption, as well as exemption from rent. If approved, the exemption will apply for […]

Cyprus extends social security contributions in March due to COVID-19

Cyprus extends social security contributions in March due to COVID-19 This decision was published by the Ministry of Labor, Social Security and Social Insurance of Cyprus in an official newspaper on May 2, 2020. The term for the payment of contributions to the social insurance fund for March 2020 will be extended until May 14, […]

Cyprus government issues bonds

Cyprus government issues bonds The recent issue of bonds by the Republic of Cyprus was aimed solely at compensating for changes in the fiscal balance and significantly strengthening the state reserve fund due to the negative effects of COVID-19 on the Cyprus economy. This was stated in a statement to the Public Debt management Office. […]

Panama requires beneficiary information

Panama requires beneficiary information Panama passed Bill No. 169 of March 21, 2020. The bill requires resident agents to provide information on the ultimate beneficial owner (“UBO”) to the Office of Non-Financial Institutions. The bill applies to all Panamanian legal entities. Let’s look at the main changes presented in the bill: Registrars are required to […]

What is Pink Slip in Cyprus?

What is Pink Slip in Cyprus? A temporary residence permit in Cyprus, the so-called Pink Slip, allows citizens of non-EU countries to extend their stay in Cyprus for more than 3 months (90 days). Pink Slip will also allow tourists and visitors to extend their stay regardless of the length of their initial visa. They […]

Passport of Antarctica: myth or reality?

Passport of Antarctica: myth or reality? Citizenship of Antarctica really exists. However, it exists nominally, since there is no such state, just as its legislation and government do not exist. Nevertheless, a document of a resident of this continent allows its holder to obtain a number of advantages: Visa-free visits to Schengen countries, USA, Australia, […]

What is Yellow Slip in Cyprus?

What is Yellow Slip in Cyprus? Applying for a Residency Certificate (Yellow slip) is simple and fast for any European (EU or EEA or Swiss) citizen and their family members who are interested in residing in Cyprus. To avoid possible complications, time and money, you should get acquainted with immigration rules or hire a lawyer […]

Business assistance measures in Tunisia

Business assistance measures in Tunisia Tunisia has published tax exemption measures in response to the consequences of COVID-19. This information was published in the Official Gazette on April 18, 2020. In addition to the measures previously announced by the Ministry of Finance, supportive measures include reducing the VAT rate on personal protective equipment to 7% […]