Lithuania is a European country that attracts many investors and entrepreneurs as a business location. Company registration in Lithuania opens up numerous opportunities, and the process is straightforward and fast. In this article we will cover Lithuania's unique features as a jurisdiction for company registration, outline the company registration procedure itself, and delve into [...]
Estonia has several advantages that entrepreneurs from around the world successfully leverage when seeking to do business in this prestigious European jurisdiction. Company formation in Estonia for a non-resident is straightforward: the registration requirements are minimal, and the procedure itself is simple and clear. GFLO Consultancy is pleased to propose company registration services in [...]
The United Kingdom, with its strong international reputation and favorable business conditions, is a top choice for entrepreneurs worldwide when it comes to establishing a company. Many businesspeople from all corners of the globe opt for company formation in UK. It offers numerous opportunities for successful business development and achieving commercial goals. This is one [...]
If you are looking for a jurisdiction that offers swift and convenient business registration, you might want to consider the Republic of Cyprus. This country holds a strategically important geographical position with gateways to Europe, Asia, and Africa, therefore standing out as a favored destination for setting up businesses. Company formation in Cyprus may [...]
In Russia, as in many other countries, depositary receipts are used to facilitate investors' purchase of shares. Russian depositary receipts are securities that confirm an investor's right to a certain number of shares. Despite the convenience and flexibility they offer, investors may face several challenges when converting Russian depositary receipts into actual shares. This is [...]
The Supervisory Board of Sberbank recommended paying out dividends for 2022 financial year in the amount of 565 billion rubles, which equals to 25 rubles per share. This is a record amount for Sberbank dividends. The record date for the purpose of Sberbank dividends’ pay out is May 11, 2023. Accordingly, in order to [...]
A depositary receipt is a valuable security issued by foreign issuers that confirms an investor's right to a certain number of shares. Depositary receipts for shares of Russian issuers have traditionally been issued by major American and other foreign banks such as BNY Mellon, JPMorgan, Citibank, Deutsche Bank, and others. Due to the current sanctions [...]
From 2022 onwards foreign companies supplying the so-called "electronic (digital) services" to customers in Ukraine may have to register with Ukrainian tax authorities and collect VAT. We have already shed some light on this topic in our previous article, which might help understand whether new Ukrainian VAT on electronic services affects your business. In [...]
On August 13, 2020 Ukrainian Law on Gambling had become effective marking the end of ban on gambling activity in Ukraine. Gambling has become subject to licensing and Ukrainian B2B Software Provider (Gambling) License was born. GFLO Consultancy is pleased to offer you its assistance in obtaining gambling licenses. Message us and we will [...]
In 2021 Ukrainian parliament introduced new VAT rules applicable to foreign companies providing the so-called "electronic services" in Ukraine. Below is a brief overview of the new Ukrainian VAT rules. GFLO Consultancy provides consulting services in the field of tax law of Ukraine. Contact us today. [...]
