News

From the ECOVIS Network: Insolvency Proceedings in Spain – Possible Alternatives for Companies and COVID-19 Impact

From the ECOVIS Network: Insolvency Proceedings in Spain – Possible Alternatives for Companies and COVID-19 Impact

The number of insolvency cases in Spain is expected to increase from the current figure of 6,000 a year, to more than 15,000 as a result of COVID-19. Spanish law provides a series of procedures for those companies which cannot meet their payment commitments. In general, it is a matter of adapting the deadline regulations

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From the ECOVIS Network: Foreign Workers in Israel – Immigration of Professional Experts

From the ECOVIS Network: Foreign Workers in Israel – Immigration of Professional Experts

Foreign nationals wishing to work in Israel need a valid work permit. There is a multi-stage approval process. ECOVIS Legal Israel supports companies in completing this process as quickly as possible. The procedure for obtaining a work permit for foreign employees in Israel is complex and can be lengthy. Ecovis in Israel supports clients with an

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From the ECOVIS Network: Government Support for Businesses in Vietnam – Fighting COVID-19

From the ECOVIS Network: Government Support for Businesses in Vietnam – Fighting COVID-19

The Vietnamese government has used drastic measures to prevent and control the COVID-19 pandemic at all levels. It has achieved encouraging results. This consistent approach is paying off: In the April 2020 World Economic Outlook, the International Monetary Fund forecasts growth of 2.7 percent. The rating agency Moody’s expects 2.8 percent growth in 2020. The government

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From the ECOVIS Network: Aviation Industry in Ukraine – Challenges and Opportunities

From the ECOVIS Network: Aviation Industry in Ukraine – Challenges and Opportunities

The Ukrainian aviation industry is dynamic and constantly developing, which generates economic growth, creates jobs and facilitates tourism and international trade. The industries directly supported by aviation are growing accordingly. Although the beginning of 2020 was marked by the worldwide spread of the COVID-19, which also had a strong impact on the aviation industry in

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Tax Alert 30.03.2020

Tax Alert 30.03.2020

Summary: 1. Emergency Order (OUG) 32/30.03.2020 — regarding the change and the addition of the Cabinet OUG no. 30/2020 for the modification and addition of some regulatory documents,  as well as for the establishing of proceedings for social protection on the background of the SARS-COV-2 epidemic and for the introduction of additional measure for social

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ECOVIS Romania – Tax Alert 22.03.2020

ECOVIS Romania – Tax Alert 22.03.2020

Esteemed Partner, We invite you to read the newest Tax Alert prepared by ECOVIS Romania team. Summary: OUG 29/21.03.2020 — regarding economy & tax and budget measures; OUG 30/21.03.2020 — regarding measures for social protection on the background of the spreading of Coronavirus SARS-CoV-2; includes conditions for the receiving the allowance for ”technical unemployment” –

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ECOVIS Romania – Legal Info – 17.03.2020

ECOVIS Romania – Legal Info – 17.03.2020

Esteemed Partner, We invite you to read the new Legal Info – Tax Alert issued by the team of ECOVIS Romania. Summary: Actions recommended by the Department of Work and Social Protection (MMPS) Other possible actions of the employers if their activity is impacted by the official measures or by the economic consequences specific to their activity.

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From ECOVIS Network: Poland – New Legal Provisions for Businesses

From ECOVIS Network: Poland – New Legal Provisions for Businesses

  ECOVIS Legal Poland – Newsletter February 2020

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From ECOVIS Network: US Tax Reform

From ECOVIS Network: US Tax Reform

US Tax Reform: Focus on the Financing Considerations As part of the US tax reform (Tax Cuts & Jobs Act of 2017, or TCJA), the federal corporate tax rate was reduced from 35% to 21%. This sounds great, because this 21% rate can be further reduced to 13.125% according to the new rules for foreign

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License Issued, What Next?

License Issued, What Next?

Over the last few years, ECOVIS ProventusLaw has successfully guided more than thirty fintech companies through the licensing process in Lithuania. Fintech is a dynamic and rapidly developing business sector in Lithuania, with around 180 fintech companies currently operating in the country. The Bank of Lithuania is constantly receiving applications for electronic money and payment

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