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Eurofast Newsletter Summer Edition 2016
Your #SEEME News - March 2017
Interactive Workshop: CRS & Banking, Substance & Tax Residency Certificates

Albania: Double Taxation Treaty with Iceland becomes effective

The treaty is the first of this kind between the two countries. The main objective of the legal act is to avoid income tax double taxation and tax evasion in both countries. 

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Bosnia & Herzegovina: Rulebook on Indirect Tax Control Amended 

The main changes relate to the modification of tax control procedures, a new organizational structure and competences of the Tax Division of the ITA.

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Bulgaria: Purchasing a Real Estate Could Be Risky 
Are you sure that you are the real owner of your property and what needs to be done? 
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Croatia: Important Tax Reform 
Croatia woke to a new, reformed tax system which, the Government hopes, aims at ending the frequent and endless amendments and finally sets the grounds for an attractive investment environment.
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Cyprus: Startup Visa for Third Country Nationals 
It allows talented entrepreneurs from third countries to reside in Cyprus and to establish and/or operate and develop their own innovative startup companies
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Egypt: Executive Regulation of VAT Law to be issued
In anticipation from all concerned parties, the Minister of Finance announced the issuance of the Executive Regulations of the Value-Added Tax law  by the beginning of February 2017. 
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FYR Macedonia: GDP Growth Expected Despite Political Uncertainty

Amidst political instability and with no Government in sight yet, the FYR Macedonian National Bank has stated it expects the country’s economic stabilization in 2017.

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Interactive Workshop: Investing in Serbia & Montenegro- Register Here
Georgia: Euro Parliament approves Visa-Free Schengen Travel  

Anticipated for a long time, on 2nd of February 2017 European lawmakers have ratified the visa liberalization
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Greece: House Prices Continue to Drop; Open Doors to Foreign Investors

House prices in Greece have been dropping for the last seven years, albeit now at a slower pace. This raises the question of whether it is worth investing in Greek real estate, at this time.

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Iran: Opening a Bank Account in Europe for Iranians 

We surveyed some of the countries in the region we operate in with a goal of presenting the below information of interest to Iranians interested in opening a bank account in Europe.
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Montenegro: New Double Tax Treaty with Portugal

Montenegro has concluded double taxation treaties with more than 35 countries, and this number continues to grow. 

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Romania: Robust Growth 2017 -2018

The winter 2017 Economic Forecast published by European Commission argues that the economies of all EU Member States are expected to grow in 2017 and 2018

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Serbia: New Incentives for Investors  
It is believed that the new rulebook drastically and unnecessarily increases the level of complexity of records.

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Ukraine: New Financial Restructuring Law Enters Into Force 
The Law introduces the procedure of voluntary financial restructuring of legal entities having outstanding debt(s) towards at least one financial institution which is not a related party to the entity. 

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About Eurofast 

Eurofast is a regional business advisory organisation employing over 200 local advisors in 21 offices in South East Europe and Middle East. Our organisation is uniquely positioned as one-stop shop for investors and companies looking professional services in South East Europe and Eastern Mediterranean. Our team of advisors are capable of efficiently addressing all client needs in one single meeting, using one single language for all the countries in the Region.

The fact that all local Eurofast companies are fully fledged subsidiaries of Eurofast enables us to implement and maintain a uniform region-wide management policy with the same client focused approach and partner led personal service.

Copyright © *2016* *EUROFAST, All rights reserved.
 
DISCLAIMER
The publication was prepared by qualified professionals including accountants, tax advisors, legal advisors and business consultants with the sole intention of merely providing guidance for marketing and information purposes, this does not constitute professional advice. Prior to making any decision or taking any action that may affect your finances, taxes and/or your business, you should always consult a qualified professional advisor. Eurofast cannot accept any responsibility for any loss whatsoever sustained by any person who has acted and/ or intends to rely on this publication.
 

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