VASP license in Slovakia 2023
In Slovakia, Virtual Asset Service Providers (VASPs) are required to obtain a license from the Financial Authority (FA) in order to operate legally. The requirements and procedures for obtaining a VASP license in Slovakia are as follows: Requirements: * The VASP must be registered as a legal entity in Slovakia * The VASP must have a registered office in<div class="h10"></div><a class="more-link2"
WHEN IS A LIMITED LIABILITY COMPANY ENTITLED TO PAY 9% CIT TAX?
Running a company inevitably involves CIT. There is a lot of talk in Poland about Estonian CIT, which actually has little in common with Estonian CIT, where the income tax structure covers all companies. In Poland, the “Estonian CIT” by numerous requirements and exclusions applies only to a select few. So what does CIT look like in Poland? What are<div class="h10"></div><a class="more-link2"
Abolition of share capital requirement for companies in Estonia in 2023
On April 13, 2022, the Estonian Parliament adopted a new Business Register Act that removes the minimum share capital requirement for Estonian limited liability companies (OÜ). Since the first Estonian Commercial Code was issued in 1995, the required share capital was 40,000 Estonian crowns, which was converted to 2,556 euros when Estonia adopted the euro in 2011. It was later<div class="h10"></div><a class="more-link2"
VASP license in Slovakia 2023
In Slovakia, Virtual Asset Service Providers (VASPs) are required to obtain a license from the Financial Authority (FA) in order to operate legally. The requirements and ...
VASP license in Poland: requirements and procedures
In Poland, Virtual Asset Service Providers (VASPs) are required to obtain a license from the financial authorities (FA) in order to operate legally. The requirements and ...
VASP license in Europe
In recent years, the use of virtual assets has grown exponentially, leading to the emergence of Virtual Assets Service Providers (VASPs) to facilitate their exchange and storage. ...
Contact Person – new obligations for Companies in Estonia
The institution of Contact Person first appeared in Estonian legislation several years ago. It is a simple institution for effective contact with Companies. More and more ...
How to set up an employment agency in Estonia?
Estonia has become one of the most popular places to register employment agencies in Europe for the past several months. Why? Quick visa procedure for non-EU employees, efficient ...
What accounting duties do you need to remember when running a company in Estonia?
Every registered company in Estonia is required to fulfill a number of accounting obligations by a certain date. Despite the fact that the Estonian tax system is one of the most ...
WHO ARE DIGITAL NOMADS? WHAT IS THE VISA FOR DIGITAL NOMADS IN ESTONIA?
Digital nomads is a term one encounters with increasing frequency. According to the simplest definition, it is a person who combines travel and work through the use of new ...
VD and TSD declarations: what are they and what do you need to know about them?
Under the current tax system in Estonia, companies are obliged to fulfill specific reporting obligations arising from their operations. One of these is the monthly VD and TSD ...
Car registration procedure in Estonia: Everything you need to know
More and more Polish entrepreneurs are looking for new solutions for their business abroad. This is especially true for those entrepreneurs who operate internationally. In search ...
What is the Estonian X-Road all about? – how a digitalized nation is making life easier for citizens.
What should a 21st century country be like? First and foremost, digitalized. It was this thought that guided Estonia many years ago, when mechanisms were implemented to develop ...
What is a proxy in an Estonian company?
A power of attorney is a special type of power of attorney that gives a person (proxy) the right to perform activities related to the operation of a business. It is extremely ...
WHEN IS A LIMITED LIABILITY COMPANY ENTITLED TO PAY 9% CIT TAX?
Running a company inevitably involves CIT. There is a lot of talk in Poland about Estonian CIT, which actually has little in common with Estonian CIT, where the income tax ...
Abolition of share capital requirement for companies in Estonia in 2023
On April 13, 2022, the Estonian Parliament adopted a new Business Register Act that removes the minimum share capital requirement for Estonian limited liability companies (OÜ). ...
Alternative Investment Fund in Estonia as an example of a fund investing in crypto
Investment Funds are structures that allow you to collect money from potential investors and use it to pursue a previously intended investment goal. So, if you have a great idea ...
Smart Contract – what is it and what are its limitations?
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Doing business in Estonia. 5 common mistake to avoid
Setting up a company the right way can save you significant money, among other benefits. Let's check a 5-item list which helps you avoid common business mistakes in Estonia. See ...
What is EORI number and how to get one in Estonia?
Economic Operators’ Registration and Identification system operates in each country of the European Union. This system was established for customs authorities information about ...
How the authorities control our bank accounts?
When we decide to open an account abroad, national tax authorities can be notified about this. The Polish tax office will therefore acquire a range of financial data about our ...
The taxation rules of a dividend from an Estonian company
How to calculate the value of CIT on dividends? One of the possibilities of paying out the profit achieved by an Estonian company is the payment of dividends. As a rule, the ...
Licences and permits in Estonia – when will you need one?
When you set up a company abroad, it is necessary to analyse, at the very beginning of the registration process, whether it is necessary to obtain a licence or permission for your ...
Why is it worth to set up a company in Poland?
Poland is the country located in the heart of Europe. The business climate, as well as the economic competitiveness, have been improving over the years and now the country has a ...
Why you should register your company in Poland?
Looking for a good place for your business in UE? 🇵🇱 Pay attention to Poland, which offers many opportunities for setting up new businesses. One of the lowest corporate ...
When Estonian company should be subject to an audit?
An audit is a detailed examination of the company. The auditor assesses correctness of the annual financial statement, which represents the economic situation of the company in a ...
Interview for Nooor Blockchain Armenia
We were invited to the Nooor Talks Series, where our Senior Partner, Artur Kuczmowski, briefly talked about how Poland is getting over the issues resulted from the pandemic and ...
Shareholder structure in the Estonian OÜ company
By establishing the Estonian OÜ company, each founder must make important decisions with respect to the newly created legal entity. The matters which should be taken into account ...
Dividend from the Estonian company – rules of distribution
Verify if the company has paid-up share capital In order to pay out a dividend from an Estonian company the minimum share capital of 2500 euros has to be paid in advance. When ...
What is MOSS? Calculating VAT when selling electronic services
If you run a business supplying largely automated electronic services in Estonia this article is for you. Our law firm’s Partner, Krzysztof Sosnowski, gives some tips to treat ...
We joined the Association of Estonian Accountants
In order to provide the highest quality of our services, we are constantly aiming to strengthen our position in the accounting area. Thus, we are glad to inform you about us ...
First webinar for e-residents in Poland
The very first webinar prepared for e-residents in Poland will be held on Wednesday, May 27th at 14.00 Polish time. The event is completely free, just register by clicking ...
Liquidation of OÜ company in Estonia
During current economic slowdown, more and more entities conducting business activity are experiencing difficulties with financial liquidity. Economic constraints, reduced demand ...
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