In a period of unprecedented geopolitical turbulence and associated financial and logistical challenges, many entrepreneurs are considering relocating their businesses to more politically and economically stable jurisdictions. An alternative to the countries of the European Union and offshore countries can be rapidly developing member states - Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan and Uzbekistan.
Legal Alert: Relevant procedures for virtual asset service providers have been approved
In October 2019, Mongolia was placed on the list (by the International Organization for Financial Action Task Force (FATF)) of countries having strategic deficiencies in their regimes to combat money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction. 1 year later in October 2020, it was successfully removed from the list.
A few aspects regarding shares acquisition in an LLC
Limited Liability Company (LLC) is the most widespread type of the companies operating in Moldova. This is because the procedures to set up LLCs are simple and easy. In case the company already exists then the only way to enter the business is to acquire a share in it.
Distressed supply chains - how can suppliers protect their position?
There is currently no shortage of global events imposing pressure on businesses' supply chains. There is no stopping the rise in raw material prices, which is driving price lists up to exorbitant levels. Nor does the shortage of raw materials seem to be anywhere close to resolved.
Electronic invoices verification upon export of goods to Russia
The Pilot project is aimed at controlling movement of the sanctioned goods from Kazakhstan to Russia in order to prevent the sanction regime breach.