For many people the idea of Smart Contracts (literally smart contracts) is completely foreign, they may even think that they are completely useless to the average person. Nothing more mistaken, […]
CRYPTOCURRENCY LICENSES IN LITHUANIA – WHO CAN GET THEM AND HOW?
Lithuania in recent times as another Baltic country after Estonia is becoming a friendly jurisdiction for virtual currency service providers. The country has decided to open up to a new […]
How is the tax system in Latvia? – everything you need to know
Latvia – as one of the European Union countries, offers efficient and electronic business registration for all member states. Its favorable tax system attracts foreign investors, who can take advantage […]
Can residency in Estonia help you do business there?
Becoming a resident of Estonia is connected with a number of advantages. The most important advantages include: access to education, obtaining legal employment, the right to benefit from social assistance, […]
If you are a Ukrainian in need of help – we stand with you.
In the wake of Russian and Belarusian aggression against Ukraine, we know that just as important as providing immediate relief to refugees is ensuring financial support and continuity of the […]
Georgian Virtual Zone – general information
Georgia is becoming an increasingly well-known place for doing business internationally. One of its attractive factors include the Virtual Zone, offering new opportunities for IT companies.
What next for the Lithuanian e-residency programme?
E-residency in Lithuania is a recurring topic, but so far has raised more questions than it provided answers. Works on the Lithuanian e-residency are still in progress, despite the fact that the first Lithuanian e-residents were supposed to get their electronic signatures on 1 January 2021. However, at the moment, e-residency in Lithuania has not been launched yet. When will that happen? How will the procedure for becoming a Lithuanian e-resident look like? Find out more below.
How will Brexit affect your business? [Guide]
The End Of The Transition Period. What Will Happen After Brexit?
There are only three months left until the transitional period between the European Union and Great Britain will be over. Leaving the EU results a lot of changes, especially for entrepreneurs. If your company sells, buys or trades goods with UK entities, you should be aware what changes await you after 1 January 2021.
How can a foreigner open a company in Poland?
In accordance with Polish law, in principle, a foreigner is allowed to perform a business activity in the form of limited liability company. Moreover, there are also no restrictions in reference to the possibility of foreigners sitting in the bodies of the company in question.
In the further part of the article, I show the ways to establish the limited liability company in Poland and what you need to pay attention to when establishing this type of company.
VAT rules related to Brexit – What will change from January 2021?
The transition period between the European Union and Great Britain will last until 31 December 2020. Leaving the EU results in changes in settlements with counterparties from the United Kingdom. Check what you should pay special attention to in the transactions.
Selling services to UK counterparties
According to the VAT Act, the place of supply, and thus of taxation of services, is the country of the recipient. As a consequence of leaving the European Community, the United Kingdom is excluded from the possibility to apply taxation rules as intra-Community transactions. It does not matter whether the recipient of the service is registered as a VAT payer, as the 0% rate should always be applied.