The number of countries transmitting information about tax residents to Russia has increased
The organization for economic cooperation and development (OECD) continues to fight tax evasion and illegal profit-withdrawal schemes. One of the methods is the automatic exchange of information about foreign accounts,…

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Knight Frank named the countries with the largest number of super-rich residents
In 2019, the number of people with a fortune of 30 million dollars or more grew by 6.4% worldwide and exceeded half a million people. Almost half of ultramagnetic lives…

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In new York, large brokerage companies acquire smaller firms
Mergers and acquisitions are the most significant trend in the new York real estate market, writes Forbes. Amid the panic, big players are buying up small companies. In new York,…

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reason

The fed lowered its interest rate due to risks to the US economy

The regulator took emergency measures in connection with the spread of the coronavirus and the fall of markets. For the first time since the 2008 financial crisis, the rate decision was made at an emergency meeting. Donald trump is in favor of even more base rate cuts.

The us Federal reserve, which serves as the country’s Central Bank, lowered the interest rate by 50 basis points to 1 – 1.25% on March 3 as a measure of economic stimulus. The decision was made after an emergency meeting.

The US economy remains strong, but the spread of the coronavirus poses growing risks to economic activity, the fed said in a statement. Continue reading

French businesses temporarily exempt from property payments

The French President introduced a delay in utility and rental payments for small businesses. The country’s authorities are trying to support the economy in connection with the spread of the coronavirus.

French President Emmanuel macron, in a televised address to the nation on March 16, spoke about the measures that will be taken to compensate for business losses from the pandemic, Le Parisien reports.

According to the President, small companies “will not pay any taxes or fees.” Water, gas, electricity and rent bills will be frozen for small and medium-sized businesses. Continue reading

New rules for foreign account holders
From 2020, it will be easier for Russian residents to receive income from real estate to their foreign accounts. Tranio lawyers explain what this means, how to submit reports to…

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More than 5,000 foreign investors have been granted Turkish citizenship in two years
The decrease in the minimum investment required to obtain a country's passport has led to a boom in the Turkish real estate market, writes Daily Sabah. According to the Turkish…

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International companies invest in Greece
More and more companies with an international name and reputation are investing in Greece, writes Ekathimerini. The government of the country seeks to simplify the conduct of business and facilitate…

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Russia has restricted air traffic to all countries of the world
Only regular flights from Moscow to the capitals or major cities of foreign countries are maintained. Here is a full list of current flights. Russia has restricted air traffic to…

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