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The proposal for a reduction came from the Ministry of Internal Affairs of the country. It is proposed to lower the bar by 50,000 euros. Thus, the government will try to attract new foreign investors to Cyprus who will be able to guarantee their financial stability while living on the island. Therefore, the terms of consideration of this proposal may be delayed. The text of the draft law can be submitted for approval by the entire composition of the parliament before the beginning of the summer parliamentary vacation in the fall or at the beginning of the winter of 2024. The new bill stipulates that a citizen of a third country must buy real estate worth at least €250,000 + VAT. The foreigner must also have an annual guaranteed income of €40,000 and €10,000 per year for each family member (husband/wife and minor children or adult university student...

The country plans to introduce restrictions on the purchase of real estate by foreigners due to rising rents and social tensions. At the same time, in April 2024, the issuance of "golden visas" was already stopped. Raising rents and restricting sales can reduce speculation and make housing more affordable. Also, one of the positive points for the Spaniards is the possible increase in the fund of social housing. At the same time, a decrease in foreign investment may have a negative impact on the construction and tourism sectors. So, for example, in 2022, foreigners invested €6.35 billion in the Spanish economy. The EU prohibits complete bans on the purchase of housing for citizens of member countries. But the nationalist party is in dire need of...

Citizens of Moldova will not be able to obtain Moldovan citizenship if they are under criminal prosecution, are serving or must serve a prison term as a result of a court sentence, or have an outstanding criminal record. Applications for the acquisition of Moldovan citizenship will be checked, including by employees of the Information and Security Service. Also, the authors of the draft law are considering the possibility of extending the application review period by six months. Amendments to the law enter into force from the moment of publication in the official printed body of the government. Applications currently pending will be processed under the new...

The bill was developed in opposition to the government's plans to carry out tax reform. In the near future, changes in legislation should be implemented, according to which the benefit for reducing the tax base will be: 10% - if income is received from assets owned for 2 to 5 years; 20% - if income is received from assets owned for 5 to 8 years; 30% - if income is received from assets owned for at least 8 years. The adopted bill offers a number of tax benefits for small and medium-sized businesses for listing on the stock...

Фінська служба імміграції повідомила про автоматичний моніторинг стартапів та ВНЖ, які видавалися за стартап-візою. Таких заходів вжито, щоб переконатися у відповідності підприємців до вимоги резиденції. Закон передбачає видачу дозволу на проживання особі, яка започатковує стартап або володіє новою компанією, яка націлена на розвиток. Перед тим, як подати заявку на отримання ВНП, підприємець повинен отримати позитивний висновок від Business Finland. Моніторитимуть відповідність вимогам до дозволу на проживання. У тому числі перевірятимуть переїзд підприємця до Фінляндії. Служба імміграції може автоматично перевіряти інформацію в національних...

Last year the service was suspended due to problems with regulatory authorities. Amid regulatory pressure on the company in the US, the organization faced problems in Europe. Binance withdrew applications for licenses in the UK, Austria, Cyprus and announced its exit from the Netherlands. “After comprehensively reviewing the strict controls and processes Binance has put in place, Mastercard has decided to allow platform-related purchases on its network,” a spokesperson for the exchange said in a statement. Most of the problems associated with using credit or debit cards in fiat currency on crypto exchanges are related to anti-money laundering...

The Malta Golden Visa is one of the most expensive. Investing almost 1 million euros, investors wait 3 years for a passport. And to speed up the process they pay three times more. Legal disputes between the EU and Malta continue and gain momentum. Back in 2020, the European Commission began proceedings against Malta and Cyprus for violation of EU legislation. The European Commission believes that Cyprus and Malta illegally issued passports to foreigners through citizenship by investment programs. The European Commission opposes economic citizenship due to investors' lack of genuine ties to the country that offers the golden visa. Since such investors often do not plan to learn the language, live in the country for a long time and integrate into the local society. In September 2022, the European Commission referred Malta's case to the Court of Justice of the European Union. The first public hearing into Malta's breach of EU regulations will take place on 17...

The new rules will apply to Swiss lawyers who provide services that may pose a risk of money laundering. This could be real estate transactions or company structuring. The Swiss Federal Council has already supported the introduction of stricter vetting of some advisers and the introduction of a closed register of beneficial owners of companies. In addition, the new law provides for a simplified registration procedure for some structures. Such as associations, foundations, private entrepreneurs, LLCs. At the moment, there is no specific time frame for when the innovations will take effect, but, of course, special attention is being paid to legal consultants in...

UK authorities are concerned about student routes being used for immigration rather than education. There are plans to introduce stricter standards for educational institutions that recruit students from abroad. If potential students at an institution fail to pass visa checks and enroll or complete courses, such institutions may lose their sponsorship license. In addition, financial requirements will increase and restrictions on distance learning will be introduced to ensure that all international students study...