New opportunities to finance the activity for the LLC
LLC is the most widespread form of legal organization for companies. The advantages of choosing this particular form are manifold. Among the best known is the easy and fast procedure of constitution, the possibility of being constituted by a single person.
Legal regulation on obtaining workforce and specialists from abroad
As of the first quarter of 2022, 5463 citizens from 92 foreign countries are working under labor contracts in Mongolia. The number of foreigners working under labor contracts increased by 1,030 or 23.2 percent from the same period last year. 4,752 (87.0 percent) out of the foreign nationals employed under contract are men and 711 (13.0 percent) are women.
Introduction of law of Mongolia on licensing
The State Great Khural (the Parliament) approved the revised version of the Law on Licensing on June 17, 2022 and shall become effective from 01 January 2023. Member of Parliament H. Gankhuyag worked as a leader of the working group on this draft law
Land Rights Acquisition by the investor
In accordance with legislation of the Republic of Belarus, there are several (both general and special) options for obtaining rights to a land plot by the investor. In this article we give a summary of the options for the construction of commercial real estate by legal entities and individual entrepreneurs.
General aspects regarding the VAT regulation in the Republic of Moldova
This tax is of major importance not only for the state, as the main source of budget revenues, but also for VAT payers. In general, VAT administration is a complex thing and involves increased effort and attention for entrepreneurs. Another important aspect of that tax is the nature of its recovery. The possibility of recovering VAT is an important tool in managing a business because it has an important share in the costs of the products and services provided.
Main comments regarding the ra law "on non-cash settlements" entered into force
From July 1, 2022, payment for a number of transactions, including for the alienation of goods and property, for the use of goods and property, for the performance of work and the provision of services, as well as for transactions for the payment of passive income, for obtaining or issuing a loan from organizations or individual entrepreneurs, where one of the parties is an individual, and where the transaction amount exceeds 300,000 AMD, is to be implemented in a non-cash form.