Cyprus New Business Attraction Strategy, for High Technology, Shipping, Innovation and R&D

The Government presented the new strategy for attracting skilled workforce and companies in Cyprus on Friday 15 October 2021. This new strategy is mainly focused on high technology, shipping, innovation, and research and development. The new strategy includes a series of incentives concerning residency, taxation, employment and simplification and digitization of the current procedures. The […]

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After losing El Al, Knafaim buys 49.9% stake in TUS Airways

Knafaim will inject $5 million into the Cypriot airline while Eastern Airlines Kenneth Woolley will inject $4 million for a 50.1% stake. After losing control of El Al Israel Airlines Ltd. (TASE: ELAL), Knafaim Holdings Ltd. (TASE: KNFM) has bought a 49.9% stake in Cypriot airline TUS Airways. Under the terms of the deal, Knafaim, controlled by Tami Mozes-Borovitz, […]

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After losing El Al, Knafaim buys 49.9% stake in TUS Airways

Knafaim will inject $5 million into the Cypriot airline while Eastern Airlines Kenneth Woolley will inject $4 million for a 50.1% stake. After losing control of El Al Israel Airlines Ltd. (TASE: ELAL), Knafaim Holdings Ltd. (TASE: KNFM) has bought a 49.9% stake in Cypriot airline TUS Airways. Under the terms of the deal, Knafaim, controlled by Tami Mozes-Borovitz, […]

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gunnercooke wins on UK law in cross-border case for taxpayer

Challenger law firm gunnercooke has won a cross-border case in favour of the taxpayer, its client Andreas Rialas, in a contentious litigation with HMRC. The case, which was taken to the Upper Tribunal (Tax and Chancery), was won on UK law. Points argued included EU laws in relation to freedom of establishment.   gunnercooke Partners […]

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Crypto in Canada, What You Need to Know

Listen on iTunes About this episode In this episode of Crypto Cast, James joins Lori Stein, a Partner & Co-lead of the Digital Assets and Blockchain group at Canadian law firm Osler, Hoskin & Harcourt LLP. Lori provides an insight into the attitude of the Canadian regulators to blockchain and cryptoassets to date, shares her […]

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Substance requirements in the Netherlands. Different dimensions

Further to the OECD antitax avoidance Base Erosion and Profit Shifting (BEPS) initiatives, respective EU Directives and general anti-abuse narrative, the Netherlands has consistently introduced various legislative measures against flow through holding and financing companies over recent years. In particular, substance requirements have received increased attention from the EU and the OECD, leading to restrictions […]

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What You Need to Know About Jersey, the Crypto Funding Capital of Europe

Listen on iTunes About this episode In the latest episode of Crypto Cast, FinTech Partner & Host James Burnie is joined by Alex Smyth, Founder and Director at Oakbridge Fund Services (Jersey) Limited, a boutique Fund Administration CompanyJames and Alex discuss the function Jersey plays Crypto industry as well as providing a more in-depth insight […]

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Belgium: Donation of a business at a reduced rate

The energy and time that an entrepreneur dedicates to developing their company will generally result in an increase in its value. This value will constitute an asset of their estate and will generate in some countries a significant tax burden in case of death. Belgium differs from other countries by the low taxation of donations […]

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How to Protect Your Digital Assets

Listen on iTunes About this episode In this instalment of Crypto Cast, James is joined by two guests,  Robert Cooper & James Byrne from Digivault. Digivault is a powerful custodian that combines multiple layers of protection that eliminate the need for trust through new processes and technology. The trio shares the story around the launch of Digivault, how […]

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The personal tax liability of the manager is not a fatality

The first degree administrative court of Luxembourg recently issued a judgment (number 43190) that is likely to reassure diligent managers and directors of commercial companies. In the judgement, a member of the board of directors (‘Mr. X’) of a Luxembourg public limited company (société anonyme) received a tax guarantee assessment issued by the Luxembourg direct […]

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