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The long-term Dubai Gaming Visa has been announced by the Dubai authorities. It is planned to create a global platform that will unite producers of digital content, open opportunities for training and employment in partnership with international companies and higher education institutions. The program was created to attract people with new ideas in the field of electronic games, as well as companies developing content, game applications and artificial intelligence. The new Dubai Gaming Visa will make it easier for solo developers to come and find work in the digital field faster. By 2033, 30,000 new jobs could be created and $1 billion brought into the emirate's economy. Such measures are carried out with the aim of bringing Dubai into the top 10 largest gaming cities in the world. You can apply for a Dubai Gaming Visa on the website of the Dubai Department of Culture or on the official website of the Dubai Gaming Visa...

On May 22, the Federal Council adopted a resolution on the further development of the anti-money laundering system, which will be submitted to Parliament. Source:https://www.sif.admin.ch/sif/en/home/documentation/press-releases/medienmitteilungen.msg-id-101100.html In this way, it is planned to strengthen the integrity and competitiveness of Switzerland as a financial and business center through a federal register of beneficial owners and due diligence for high-risk activities in the legal professions, as well as other provisions. It is highly likely that a federal register will be introduced into which companies and other legal entities in Switzerland will be required to enter information about their beneficial owners. The registry should allow law enforcement agencies to more quickly and confidently determine who is really behind a given legal structure. The goal is to prevent legal entities in Switzerland from being used to launder money or hide assets. The register will not be publicly...

Therefore, to qualify as a qualified free zone entity, qualified companies must meet a number of conditions. Qualified companies are subject to corporate tax at a rate of 0% on qualified income and 9% on other taxable income. As defined in the guidance, qualified income is income from transactions with other qualified companies or Free Zone companies, as well as from certain activities within the designated geographic boundaries of the Free Zone. Non-qualified income – income from a foreign or local permanent establishment, real estate and intellectual property is taxed at a rate of 9%. Qualified companies must comply with transfer pricing rules and the arm's length principle in related party transactions and are not entitled to the benefits available to non-qualified companies. All Free Zone companies, including qualified companies, are required to register with the tax administration and maintain audited financial statements for corporate tax...

1,396,828 voters took part in the referendum - this is 59% of the electorate. Of these, 1,014,304 (73.9%) voted for the change to allow dual citizenship, but this was not enough. The total number of citizens included in the voter list this year was 2,385,234. To make a positive decision, half of the total number of citizens had to vote “for”, and this is 1,192,617 people. This is the second time Lithuania has tried to adopt an amendment to Article 12 of the constitution and allow dual citizenship. In 2019, 1.24 million votes were needed, but 956,564 people voted...

All cryptocurrency mining farms will be disconnected from the national electrical grid. In this way the country will try to control demand. In the north of the country, 2,000 mining devices were seized as part of anti-corruption measures. The National Cryptocurrency Association of Venezuela has confirmed a complete ban on the mining of digital assets in the country. Venezuela has been experiencing an electricity crisis since...

The Ministry of Finance of the Czech Republic has published an updated Financial Bulletin, which contains information about jurisdictions that do not comply with the rules of tax interaction. Source:https://www.mfcr.cz/cs/dane-a-ucetnictvi/financni-zpravodaj/2024/financni-zpravodaj-cislo-3-2024-55060 This step should strengthen the fight against tax evasion. Countries included in the list may be subject to enhanced requirements and stricter monitoring, as well as higher tax rates for transactions. The list is updated twice a year. This time it included Panama, Trinidad and Tobago, Antigua and Barbuda, Fiji, Russia, Guam, Anguilla, Palau, American Samoa, Samoa, the US Virgin Islands and Vanuatu. Also excluded from the list were Belize, Seychelles, Turks and Caicos, and the...

The international publication Global Finance, which specializes in finance and the banking sector, has published a ranking of the best banks in the world. The bank competed among 23 Western European countries. The ranking takes into account various factors. For example, asset growth, innovation, international presence, profitability. In addition, various specialists and consultants working in this field gave their subjective assessment. The Spanish CaixaBank was recognized as the best bank in Western Europe. Bank of Cyprus was awarded as the best bank and best investment bank on the island. The bank demonstrated strong performance and made a profit of €487 million in...

On May 15, a law was passed allowing the use of frozen russian assets. We are talking about the Government's proposed Law on Amendments to the International Sanctions Law and, in connection with this, other laws. In order to decide on the use of property as compensation for damage, the existence of damage and the need for compensation must be proven in accordance with international law. The injured foreign state must make a corresponding claim to the state that caused the damage. To begin proceedings in Estonia regarding the use of Estonian property, a corresponding request must be sent. Estonia and the applicant state must agree on terms and conditions for the use of property as an advance payment for compensation for damages, as well as conditions for transferring the right of claim to the owner of the property. The connection between the owner of the property and the unlawful act must be sufficiently proven. The decision to use property as an advance payment for damage caused is made by the Ministry of Foreign Affairs during administrative...

One of the main changes was changes in reporting. From now on, only reports sent by email will be accepted. It is also required to provide reporting on blocked property that is unblocked or transferred within 10 business days from the date of unblocking or transfer of property. Transactions that must be reported include those involving securities, checks, foreign exchange, and the sale or purchase of goods or services. If the information required by OFAC is not available at the time the transaction is rejected, providing that information is not...