As we step into 2024, Albania is undergoing substantial changes in its tax regulations, with significant implications for businesses and individuals. Muja Law, a premier legal firm specializing in tax and regulatory frameworks, has conducted extensive research and provided a comprehensive update on these developments. This information is crucial for our clients and partners at Doing Business International (DBi) to ensure they are well-prepared to adapt to the new requirements. Detailed Overview of Legislative Changes Based on the research by Muja Law, the Albanian government has introduced se ..read more

As Thailand continues to evolve its legal and regulatory framework, Bangkok Global Law (BGL) is strategically positioned to guide businesses through these changes, offering expert insights and innovative solutions. In collaboration with DBi, we extend our support to enhance our clients’ market presence in Asia and beyond. Here’s how BGL and DBi can assist clients in adapting to the latest Thai regulations: Virtual Banking License in Thailand The Ministry of Finance has introduced a new framework for virtual banking licenses, effective from March 2024. This sets the stage for companies to revo ..read more

As global markets continue to evolve with increasing complexity and interconnectedness, the strategic partnership between Doing Business International (DBi) and Capital Union Bank (CUB) has become a cornerstone of innovation and client service excellence in international finance. This collaboration leverages the unique strengths of both organizations to enhance client operations, develop further partnerships, and navigate the rapidly changing financial landscape. Tailored Financial Solutions and Strategic Support 1. Advanced Trading and Custody Services: CUB, renowned for its robust trading d ..read more

Case Overview: Our client, involved in international transactions, experienced abrupt communication halts and transaction failures with ALPHA BUSINESS SERVICES starting July 27, 2023. This disruption left substantial funds in limbo, impacting business operations and financial stability. Key Takeaways: Rise in PSP Fraud: This case reflects a disturbing increase in PSP-related fraud, underscoring the critical need for enhanced vigilance and proactive financial management. Legal Recourse: We are pursuing all available legal avenues to recover the affected funds and ensure such breaches of trust ..read more

In the dynamic landscape of international business, successful market entry often hinges on understanding local nuances and forging the right partnerships. This is particularly true in Latin America, a region marked by its vibrant culture, unique business practices, and linguistic diversity. Access Latin America (ALA) has emerged as a crucial ally for businesses looking to navigate these complexities, particularly for Data Business Intelligence (DBi) clients eager to tap into these burgeoning markets. Strategic Partner Selection and Networking | Access Latin America x DBi One of ALA’s core ser ..read more

As one of the world’s leading financial hubs, Hong Kong offers an attractive tax regime for businesses. For more information contact our DBi Partner in Hong Kong: info@d-b-in.com -Kenneth-, KYT Limited Understanding the intricacies of Hong Kong’s tax system, particularly the Foreign-Sourced Income Exemption (FSIE), is essential for companies operating in or considering expansion into the region. In this article, we’ll explore the basics of the Hong Kong tax regime, including key provisions such as the FSIE, as well as the potential tax benefits and implications for businesses with suppliers ..read more

Cyprus: Update On 17 November 2023 Regarding The Application Of The Zero Rate On Meat And Vegetables With Effect From 1 December, 2023 Following the issuance of a Decree by the Council of Ministers, the VAT Act was amended so that the zero VAT rate applies to two more supplies of basic items (meat and vegetables) classified in specific tariff class codes effective as of 1 December 2023 to 31 May, 2024. It is recalled that in addition to meat and vegetables, the zero rate is already imposed on (a) bread, (b) milk, (c) eggs, (d) baby food, (e) baby diapers, (g) feminine protection products ..read more

Operating in the adult entertainment industry comes with specific financial challenges. Whether you’re an expat concerned about tax privacy or facing compliance issues in securing financing, the need for specialized banking solutions is evident. These solutions provide peace of mind and offer advantages over traditional financial services. Collaborating with a vast array of over 700 banks, DBi is able to find a banking solution for any Adult Entertainment Enterprise. Let’s dive into what they have to offer and How To Open A Bank Account for Adult Entertainment Enterprises! Benefits: Tailored ..read more

Navigating the UK tax system can be challenging, especially for visa holders. Understanding the intricacies of income tax, National Insurance Contributions (NICs), Value-Added Tax (VAT), Corporation Tax, and Capital Gains Tax (CGT) is essential for compliance and financial planning. In this guide, we break down the key components and provide insights to help visa holders manoeuvre through the complexities of the UK tax landscape. 1. Income Tax in the UK: Understanding the Basics Personal Allowance: For the 2021/22 tax year, the standard Personal Allowance is £12,570. Income beyond this thresh ..read more

If you’re considering a move to Portugal or are already a resident, you’ve likely heard of the Non-Habitual Resident Tax Scheme (NHR) and its enticing benefits. For years, it has been a magnet for those seeking favorable tax conditions in this European country. However, recent developments suggest that the NHR scheme might be on the brink of change. As a result, individuals contemplating obtaining this status or planning a move to Portugal are urged to expedite their actions and ideally complete the process by December 31st. Why is this significant? Under the NHR scheme, qualifying individuals ..read more