RELOCATION AND RETIREMENT IN CYPRUS THE TAX ASPECT
A. INTRODUCTION Since 2004, Cyprus is a full Member State of the European Union. This fact, along with its good strategic location, highly skilled human capital, excellent infrastructure, reliable communications, relatively low cost of living, sound and stable legal system, warm climate and hospitality of its people, are some of the advantages which contribute to …
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Cyprus – The ideal IP holdings jurisdiction
A. INTRODUCTION Companies owning intangible assets, such as patents, copyrights etc. are often in need of an IP Holding vehicle through which they will hold these assets, license them for the generation of royalty income and conduct their business activities.
The Mineral Laws (Amendments) Ordinance – Key Changes
The mining industry has historically been one of the more heavily regulated industries in India, with a strong legal and regulatory structure governing the same. With a view to leverage this market and to ensure continuity in mining operations, the Mineral Laws (Amendment) Ordinance, 2020 (the “Ordinance”) was promulgated on January 10, 2020.
Private Funds Update – SEBI introduces new requirements for AIFs
On February 5, 2020, the Securities and Exchange Board of India (“SEBI”) issued a circular (“Circular”) introducing significant changes to the existing legal regime concerning alternative investment funds (“AIFs”). AIFs are privately-pooled investment funds which collect funds from investors, whether Indian or foreign, for investing in accordance with a defined investment policy for the benefit …
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Insolvency & Restructuring Update | February 2020
Considered as the biggest insolvency reform in India, IBC has had a multi-faceted impact on India Inc and significantly reduced the time taken to resolve debt-related situations as compared to earlier regime, besides instilling a heightened focus on governance, transparency, promoter rights, debt repayment and other attendant issues.
Withholding Tax on Assignments of Rights acquired under a Promise of Sale Agreement
Deborah Mifsud The Commissioner for Revenue has published guidance relation to the 2020 budget measures introduced regarding the withholding tax due on the assignment of rights acquired under a promise of sale agreement (ċessjoni ta’ konvenju). This measure is retroactively applicable in relation to any assignments made from 1 January 2020 and the relative legislation …
New Regulatory Regime for Exempted Funds and Private Funds
On 8 January 2020, the Government of the Cayman Islands published a draft Private Funds Bill, 2020 (the “”) and simultaneously a draft Mutual Funds (Amendment) Bill, 2020 (the “” and together with the Private Funds Bill the ” Bills”).
The International Tax Co-operation (Economic Substance) Law, 2018
On 1 January 2019, the Cayman Islands introduced The International Tax Co-operation (Economic Substance) Law, 2018 (the “Law”). The Law has been issued in response to the Cayman Islands’ commitment to the global initiative to combat base erosion and profit shifting.
Data Protection Law, 2017 In Effect
The Cayman Islands Data Protection Law, 2017 (the “DPL”), came into effect on 30 September 2019.
What’s there in a Copyright registration? – An Indian Perspective
“Ques: Is it necessary to register a work to claim copyright? Ans: No. Acquisition of copyright is automatic and it does not require any formality. Copyright comes into existence as soon as a work is created and no formality is required to be completed for acquiring copyright. However, certificate of registration of copyright and the …
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