Co. Formation • Advisory • Accounting
Co. Formation • Advisory • Accounting
Cyprus starts creating a beneficial ownership register The Council of Ministers of Cyprus has appointed a competent authority responsible for registration of beneficial owners of companies and other legal entities. […]
December 2020: International Tax Planning Review Read More »
15 August 2019 the Financial and Capital Market Commission of Latvia (Lat. Finanšu un kapitāla tirgus komisijas, FCMC), being a regulatory authority of financial services provision in Latvia, has published
Unavailability of deposits of PNB Banka Read More »
27 November 2018 during the session of Saeima (legislative body of Latvia) it was informed that the international interbank system of telecommunications and payments SWIFT has proclaimed Latvia as a
Difficulties of SWIFT functioning in Latvia Read More »
On 26 April 2018 Seim of Latvia has approved an Amendment to Law on the Prevention of Money Laundering and Terrorism Financing in second reading (the Amendment). The Amendment will
Restrictions of servicing of shell companies in Latvian banks Read More »
On 13 April 2018 Cabinet of Ministers of Latvia has amended Regulation No. 20 of 5 January 2016 that establishes Procedures by which a Financial Institution Implements the Due Diligence
Latvia has included Russia in the list of countries for automatic exchange Read More »
In the late March 2018 the financial authorities of Latvia have announced a dramatic change in their policy in respect of so called “shell companies” (i.e. the foreign companies existing
Latvian banks to stop servicing shell companies’ accounts Read More »
14.03.2018 an informational message that Euro will be the main operational currency of Latvian bank Reitumu Banka due to the difficulties of processing transactions in US dollars was published on
Reitumu Banka has suspended services in US Dollars Read More »
26.02.2018 an informational message that the bank’s management made a decision on self-liquidation was published on the official website of the Latvian bank ABLV Bank, AS. This material describes the
ABLV Bank: recent events Read More »
Since January 1, 2018, new legal acts regulating the main types of taxes have entered into force in Latvia, such as the Corporate Income Tax Law, the Value Added Tax
Highlights of tax reform in Latvia Read More »
On 9 November 2017 legislative bodies of Latvia enacted amendments tool “Anti Money Laundering and Terrorist Financing Law” (“the Act”). The main innovation made is a requirement to file registers
Latvia enacts rules for filing registers of beneficial owners Read More »