News

Bank license in Europe – Lithuanian Specialised Bank
26.04.2017 | In January, 2017 European Union member state Lithuania introduced a new “light” banking license – Specialised Bank. Specialised Bank is allowed to provide almost all traditional banking services in European Union (EU) and European Economic Area (EEA) member-states: lending, payment services, receipt of deposits, currency exchange, issuing of e-money, issuing guarantees, fund administration, financial leasing,…
Data protection in FinTech companies – time to prepair for the new regulation
21.04.2017 | FinTech industry, resulting from the strengthening of linkages between the financial services and information technology sector, is a real technological whirlwind, providing financial markets with an enormous leap in progress.
SA Revenue Services offer investment incentives in VCCs
05.04.2017 | For high net-worth private individuals in South Africa, investing in venture capital businesses are an interesting component of any effective tax-planning strategy, but they must also be aware that they are not completely risk-free.
China’s Automotive Market after the Tax Increase
05.04.2017 | Ecovis has many clients in the automotive industry. The tax hike on 1st January, 2017, from 5% to 7.5%, caused some confusion among clients about future business prospects.
A healthy economy of great potential
05.04.2017 | Chile leads regional indexes and attracts foreign direct investment for 200,000 million dollars
The revision of the Swiss VAT law as per January 1, 2018 brings about important changes which may also have an effect on foreign companies.
05.04.2017 | Any business operating in Switzerland needs to evaluate carefully whether its taxable turnover might be subject to and may have to be registered for Swiss VAT.
Newsletter New Zealand
20.03.2017 | Trusts – the landscape is changing Tax and GST implications of Air BNB Accommodation A Reminder About Directors’ Duties Making and Receiving Payments under the Construction Contracts Act 2002 Selling across the ditch – GST on low value goods Whats changing on 1 April 2017 Essential housekeeping for end of year Points to Note
Licensing of Fintech companies and Finance Institutions in single European market
16.03.2017 | Fintech companies, banks, E-money institutions, insurance companies, investment funds and investment managers, securities brokers, forex companies, crowdfunding platforms and other finance institutions in Europe are subject to higher regulation and risk management requirements. Licensing of the Finance Institution in one of the member states within the European Union (EU) opens business opportunities to act and…
Enforcement of Companies Act 2016
06.03.2017 | The Companies Act 2016 (“the Act”) in Malaysia was passed by Parliament in April 2016 and gazetted on 15 September 2016. On 13 January 2017 the SSM (Companies Commission of Malaysia) announced that the Act will be enforced (for incorporation first) effective from 31 January 2017. “The Companies Act 2016 has been passed to simplify…
Global financial giant will develop its first FinTech product in Lithuania
03.03.2017 | deVere Group, which owns more than 60 companies in the UK, Germany, France and other EU countries as well as Switzerland, the USA, Australia and China, and has more than 80 000 customers in more than 100 countries around the world, has received e-money institution license and is starting to provide financial services. Read more…
Seven FINTECH trends this year – what could be expected?
16.02.2017 | FinTech market probably never has been on such rise as it is currently. Lithuania with the Bank of Lithuania at the forefront grasping full potential of FinTech enterprises for quite some time already is putting concentrated effort to create favourable conditions for FinTech companies to come to Lithuania. It is obvious that FinTech fever is…
European Commission will strengthen privacy in electronic communications
16.01.2017 | When you access the web, you often entrust personal information, such as your name, address, and credit card number, to your Internet Service Provider and to the website you are using. Recent surveys show that personal data matters for a huge majority of Europeans – for 92% of them it’s important that their emails and…
International Legal Barometer – Employment contracts: more similarities than differences
16.01.2017 | Munich, 16. January 2017 – What types of employment contracts are there in various countries and what basic requirements with respect to form and content need to be observed?
Summary on the Hungarian tax law changes as from 2017
12.01.2017 | Value Added Tax Corporate Income Tax Labour Taxes Administrative Rules Advertisement Tax Local Taxes Other taxes Read more on www.ecovis.com/hu…
International Tax, Audit, Accounting and Legal Newsletter Greece
02.01.2017 | Amendments & Simplification of companies’ establishment procedures introduced by Law 4441/2016 and Tax Amendments introduced by Law 4438/2016
Legal newsletter Poland
21.12.2016 | In this issue: Terve Poland! Joint and several liability of proxies Reduced taxes? Employers’ rights Changes to contracts of mandate Changes in the labor law Read more on www.ecovis.com/poland…
Bank of Lithuania: we understand risks, nevertheless we will make Lithuania Fintech centre
13.12.2016 | The Chairman of the Board of the Bank of Lithuania Mr. Vitas Vasiliauskas states, that while he understands what kind of dangers establishment of small foreign financial technology companies might have, nevertheless the process will not be stopped due to that. During the meeting with the journalists on Friday, Mr. Vasiliauskas stated, that Lithuania is…
Amendments to Public Procurement in 2017
28.11.2016 | On November 8, the Parliament started to discuss the latest government proposal regarding the extensive amendment of the Act on Public Procurement adopted at the end of 2015. The majority of the new rules will enter into effect on January 1, 2017 according to the bill. The amendment would radically transform the rules of public…
Legal newsletter Poland
23.11.2016 | In this issue: Poland advances in Doing Business Ranking, State-owned enterprises under agency control, Mandatory E-VAT, Simplified class action, The Innovation Act, Back to lower retirement age, Better law for entrepreneurs, Increased tax control Read more on www.ecovis.com/poland…
UK – How to recover from the loss of a key employee
17.11.2016 | What can seem like a crushing blow at the time can often be turned into a key move forwards in the life of a growing business. It is up to you to turn a potential disaster into a great opportunity.
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