In November 2018, the Central Bank of Cyprus issued a new guide to shell companies (“mailbox companies”). The new manual contains an updated and expanded definition of this term. Read more
The ultimate owner of an Estonian company is an individual who owns directly or indirectly more than 25% of the Estonian company’s share and is under its control. Read more
According to the new amendments in Corporate Law of Estonia, the Contact person shall be appointed if the company established in Estonia does not have any Member of the Management Board residing in Estonia.
Starting from 27 November 2017 the Money Laundering and Terrorist Financing Prevention Act has been amended by extending the personal responsibility of Estonian companies in case of poor due diligence measures regarding all the Partners and Clients of the company.
Minister of Finance of Estonia Sven Sester has signed the decree that will simplify the procedure of opening an account in the local banks.
There are not essential amendments for tax legislation of Estonian have done.
What is the “Mini One-Stop Shop”, or MOSS?
The changers will be concerning the E-Commerce services within Europe Community for B2C suppliers and customers.
New law is applicable to small UK enterprises (LTD) except Scottish LP companies and UK partnerships.
According to the anti-offshore law, by April 1, 2015 taxpayers had to notify the Federal Tax Service of owning more than 10% of the share capital of controlled foreign companies (i.e. companies that are not tax residents of the Russian Federation, but controlled by them).