The European Union awards Moldova candidate status
As established in Article 49 of the European Union (EU) Treaty, any European country that respects the values referred to in Article 2 and is committed to promoting them may apply to become a member of the European Union. The decision on new EU membership is taken unanimously by the Council, after consulting the Commission and getting Parliament’s consent.
If you are interested in establishing a presence in a new market, restructuring your current operations, or expanding the geographical coverage of your business, the jurisdictions of Caucasus and Central Asia could offer a great potential from economic and legal standpoints. The region is strategically located between Europe and Asia, offering a unique position for companies who do business in both markets.
Tremendous mineral reserves, agricultural endowments, and proximity to Asia’s vast markets make Mongolia an attractive destination for medium to long-term foreign direct investment (FDI). The Gross Domestic Product (GDP) in Mongolia is worth 10.4 billion US dollars as of September 2021 according to the national statistics of Mongolia. The GDP value of Mongolia represents 0.01 percent of the world economy.
A quick guide to licensing in Tajikistan
As ecommerce and online services continue to rapidly evolve, such questions are often asked by companies intended to offer services and merchandise both online and physical locations.
Legal alert: update of procedures for issuance of visa, visa permit, and residence permit of Mongolia, their service fee
The Law of Mongolia on the Legal Status of Foreign Nationals (2010) has been amended in accordance with the Law on Amendment to the Law on the Legal Status of Foreign Nationals, dated December 31, 2020. Following the amendments, the Visa Issuance Procedure of Mongolia, Procedure for Residence of Foreign Nationals in Mongolia and their Registration, and Visa Service Fee have been revised.
The information herein is based on theoretical and practical information available as of april 2021. The content of this publication is intended for foreign businessmen and companies seeking to do business in the Republic of Kazakhstan.
Alert on the amendments in the Customs Code of the Republic of Kazakhstan
In January of this year a number of amendments was introduced into the Code of the Republic of Kazakhstan ‘On customs regulation in the Republic of Kazakhstan’ (hereinafter – the ‘Customs Code’). The most important of them were brought into effect from 16 January 2021. Please see below the detailed information on the introduced amendments.
Alert. Enactment of the new rules on issue of accompanying notes was postponed
The enactment of the new rules on issue of accompanying notes was postponed for the third time. Thus, the enactment of the new rules on issue of accompanying notes was postponed from 1 July 2020 to 1 October 2020 in respect of the following goods.
Alert on draft of amendments concerning special economic zones activity
At present two drafts of the amendments concerning activity of special economic zones (hereinafter – ‘SEZ’) are under consideration. One of these drafts suggests to expand the list of priority types of activities of SEZ Ontustik, while the other one suggests to create a new SEZ ‘Shymkent City’ on the territory of Shymkent.
Important Coronavirus business measures in Germany that you should know
Since its emergence, the coronavirus has caused devastating consequences to the whole world´s health and economy. Germany is also one of the biggest victims, although it seems to be slightly better off than other main European Countries.
Enactment of the new rules on issue of accompanying notes was postponed
The Order of the First deputy of the Prime-Minister of the Republic of Kazakhstan – the Minister of finance of the Republic of Kazakhstan dated 13 April 2020 No. 379 “On amendment of the order of the First deputy of the Prime-Minister of the Republic of Kazakhstan – the Minister of finance of the Republic of Kazakhstan dated 26 December 2019 No. 1424 “On approval of the List of goods subject to accompanying notes issue as well as the Rules on their issue and circulation” (hereinafter – the ‘Order’) was published on 15 March 2020.
The Cabinet of Ministers of the Republic of Azerbaijan adopted Action Plan in accordance with the paragraph 10.2 of the Order #1950 of the President of the Republic of Azerbaijan dated March 19, 2020.