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Recently, quite a lot of Fintech projects have appeared in Ukraine; they are working to assist in optimizing and simplifying procedures for financial services. Company with financial license in this state is a profitable option even for beginners. The activities of FinTech startups are aimed at discovering commerciality problem areas and creating their own developments…

Opening access to tax heavens, an offshore banking license is an authorization that permits establishing a financial institution that delivers offerings to clients who reside abroad. The authorization is provided by the local authority of the country where an institution conducts its activities, meaning that it may not obligatory be the state in which the…

The sector of DLT has been determined by the enthusiasm around smart contracts – programs that operate on the blοckchain. Primarily related to a decentralised, distributed ledger just like Eth, they allow to creation of decentralised apps that reshape all kinds of goods without applying for middlemen. The use cases for hybrid smart contracts (below…

E-money is a digital form of cash which within the European Union is deemed the value in currency, recorded and maintained on an e-medium. E-money is provided by an EMI upon receipt of funds from clients in the amount not less than the provided monetary value and is deemed as a form of payments by other…

Contrary to common ones, smart contracts operate on blockchain-based technologies, denoting that there is no demand for a middleman to execute programmed algorithms. Allowing to avoid expensive court systems, smart contracts are much more affordable, so more P2P operations can be administrated by contractual mechanisms rather than trust deals. This is one of the main…

It is expected that hybrid smart contracts will reshape the world by completely restructuring the legit and regulatory mechanisms that we are now utilizing. Smart contracts are self-executing programs, written in HTML and stored in shared, immutable ledgers. These programs that run if predetermined terms are satisfied are excellent at transferring funds, and doing simplified…

Recently,NTFs have got highly popular to become the latest digital cοllectibles in nowadays entertainment, sport, arts, and gambling sectors. NFTs are best explained as a type of virtual asset kept on a blοckchain presenting οwnership of a digitalized product. The main characteristic that differentiates NFTs from other tokens is that it denotes a unique, non-replaceable, and non-replicable…

The system of cash flow forms the framework of the reformed business income tax system in Latvia. When dividends, conditional dividends, or payments that are equal to dividend payments are made, a Latvian corporation must pay CIT. As a result, a Latvian business is exempt from deducting CIT from its yearly earnings until any of…

Romania entered the European Union at the beginning of 2007 and underwent significant changes to meet the criteria for membership. As an EU member, Romania has embraced the EU’s tax regulations. Regarding income and capital gains generated anywhere in the globe, Romania imposes a flat tax regime on its people for both corporate and personal…

The state of Romania is a great country for entrepreneurship. Before launching the establishment every businessman has to be informed about all peculiarities of trade activity in the country. One of the most consequential topics is the taxation of companies. The corporation tax rate is 16% in Romania It is evaluated as the variance between…

Look closely at Romania if you’re searching for an emerging European Union nation that attracts the attention of investors. It is a country with a good image and a favourable tax system, which will be a good place to start commercial activities. Advantages of doing business in Romania the EU market Romanian businesses can conduct…

The nation has undergone several reforms to facilitate commercial operations and draw international investment since entering the European Union. Romania is therefore one of Europe’s most promising countries for foreign investors, while many other customers prefer quicker transactions and the purchase of ready-made businesses. What is a “ready-made” company in Romania? When someone has a…