Binance chooses Jersey for EU expansion campaign   Binance, the world’s largest cryptocurrency exchange, has launched a new fiat-to-crypto exchange on the island of Jersey as the company eyes Europe. The platform, Binance Jersey, will let traders invest in cryptocurrencies such as Bitcoin and Ethereum using the euro or the pound. In a press release,...Read More

UAE begins implementing 10-year visa for expats The UAE cabinet has begun the implementation of 100% foreign ownership and 10-year residency visas for expats, investors and entrepreneurs. While the full ownership of companies based in the UAE is currently limited to free zones, the new law is expected to attract foreign investors looking to set...Read More

Commission reports on the risks of investor citizenship and residence schemes in the EU and outlines steps to address them For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU Member States. The report maps the existing practices and identifies certain risks...Read More

Final repatriation tax regulations issued by IRS On January 15, 2019, the Internal Revenue Service published its final regulations on the so-called “repatriation” or “transition” tax, announced in the Tax Cuts and Jobs Act 2017 (TCJA). The one-time tax relates to foreign earnings of foreign corporations owned by US citizens. The published regulations give general...Read More

European Commission proposes to bypass Member States’ vetoes on tax evasion measures The European Commission has published its consultation proposals to remove EU Member States’ veto on certain tax matters by the end of 2025, so that tax proposals would only need the support of 16 countries to become EU law. The qualified majority system...Read More