Europe

Who is a Person with Significant Control?

Defining PSC PSC (Person with Significant Control) refers to an individual or individuals with the primary control rights within an organization. In the second quarter of 2016, the UK Companies Register mandated all British companies to disclose individuals who own or exercise control over companies. This disclosure can be made either at the time of [...]

Russian depositary receipts: conversion complexities

New federal law This is partly due to a new federal law, that prohibits Russian issuers from selling their shares abroad through depositary receipts. It also requires issuers to take delisting measures if they don't receive approval to maintain their depositary receipt programs. For many years, shares of some major Russian issuers were traded on [...]

Conversion of Russian ADRs and GDRs

Our solutions To address these issues, GFLO Consultancy, has developed solutions and provides successful support to investors who wish to convert their Russian ADRs and GDRs to underlying shares for which such depositary receipts were issued. What we offer: free case assessment; free initial consultation; quick turnaround time, which is especially important due to the [...]

Ukrainian VAT Return for Suppliers of Electronic Services

Contents of the E-services VAT Return The E-services VAT Return is a simplified version of a general Ukrainian VAT return. It is bilingual (Ukrainian and English translations are present) and contains the following fields: foreign company's name and TIN (Ukrainian tax authorities assign a TIN to each foreign company upon completion of its registration as [...]

Ukrainian B2B Software Provider (Gambling) License

As the name implies Ukrainian B2B Software Provider License is for companies that supply gambling-related software to operators. Prior to the enactment of the law all gaming activity had been outlawed. Ukrainian Law on Gambling brought about long awaited regulation of the industry, enabling not only operators (see more details on that in our previous [...]

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