Tax (Law)

Crypto & Asset Tokenization: Regulatory Developments

Dr Charis Savvides addressed most of the trending questions regarding Cryptocurrencies and Asset Tokenization in a compact but detailed Q&A.  1)What are the most important elements of Blockchain Technology that we should know about? -Blockchain technology aims at the optimal management of digital information. It allows for the secure recording and storage of digital data, […]

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Uruguay Full Democracy according to The Economist.

Uruguay Full Democracy according to The Economist. # Uruguay ranked first in Latin America in the ranking of global democracy prepared by the prestigious British publication The Economist. In this way, the country enters the select group of full democracies that in Latin America it only shares with Costa Rica. Only 21 countries, 12.6%, are considered “full democracies”: These […]

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The Cyprus Regulatory Sandbox (CySEC)

CySEC’s call for viewsThe Cyprus Securities and Exchange Commission has launched a call for views on establishing a Regulatory Sandbox. The Call and accompanying Press Release were circulated on 16th March 2022 on CySEC’s Website (the “Call”) and invites stakeholders across the financial services industry to provide their own feedback on establishing a Regulatory Sandbox for the promotion […]

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Uruguay regulates Teleworking

On March 23 of the current year, Decree 86/022 regulating Law 19978 ” On Approval of Norms for the Promotion and Regulation of Teleworking ” entered into force. This Decree appears as a clarifying element of the Law and is added to the regulatory framework of this new work modality rapidly imposed by the pandemic, which has […]

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Advantages of establishing a SAS in Uruguay

The SAS in Uruguay are a very good option for entrepreneurs or for foreigners who decide to set up their business in the country. It is a flexible corporate structure that facilitates the business startup process. Simplified Stock Companies or SAS , have the characteristics of simpler structures such as Sole Proprietorships and Limited Liability Companies that have […]

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Management of the health crisis and financial economic situation of Uruguay

The incidence of quality of life is a fundamental factor for the number of families that decide to settle in Uruguay to grow. Many foreign businessmen (some belonging to important economic groups) have moved to establish their residence and start new businesses in Uruguay. Many take advantage of tax benefits to work from Uruguay to the region and […]

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Monthly economic report

At the end of March, the evolution of the indicators that we have been following was as follows: Risk country The Country Risk of Uruguay (measured by the UBI Index published by República Afap) as of 03/31/2022 (last business day of the month), it was not possible to obtain such data, since at the time of writing […]

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FATF Makes Initial Determination That “Malta Has Substantially Completed Its Action Plan”

At the February 2022 Plenary the FATF made the initial determination that “Malta has substantially completed its action plan.” In June 2021 Malta was placed on the FATF grey list – the list of the countries under increased monitoring by the FATF. In its February 2022 plenary the FATF noted that Malta has made the following key reforms: […]

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Corrieri Cilia joins IR as the exclusive Tax (Private Client)and Tax (Law) Member in Malta

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Silvio Cilia of Corrieri Cilia. Bao has joined IR as our exclusive Tax (Private Client)and Tax (Law) Member in Malta. Silvio Cilia is a Maltese qualified lawyer and founding partner at Corrieri Cilia. Silvio was awarded a doctorate in law from the […]

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Harassment in the Workplace: a Mexican perspective

In Mexico, just like in many other countries around the world, harassment in the workplace is a very common practice and has been, until recently, socially accepted. Something that a victim had to live with. “A matter of culture” some would say. “It happens everywhere no matter where you go” would argue others. “The price […]

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