Keeping up with the changes.
What will the EU’s Collecting Management of Copyright and Multi-Territorial Licensing Directive mean for collecting societies in the EU?
The internet has changed the shape of the entire world. In some areas, such as communications,telecommunications and advertising,the impact was imminently discernible. In other
areas, however, a more conservative path has been taken. Nonetheless, the change is irresistible, and it has found collecting societies.
Collecting societies became an indispensable intermediary for rights holders in the music industry and users of such rights. Their core task was to protect the interests of rights holders so that users could not exploit them without providing for some consideration.
Their function includes three main obligations: licensing, monitoring, and ensuring payment of royalties by users and their distribution.
Formerly British Honduras, Belize is situated on the east coast of Central America bordering the Caribbean Sea between Guatemala and Mexico. For 4,000 years, Belize formed the keystone of the Mayan Empire whose advanced culture flourished even as the first shipwrecked British seamen landed.
The Cyprus Private Aircraft Leasing Scheme:
Cyprus is now the most attractive jurisdiction with reduced VAT rate to as low as 4,37%
The new guidelines issued by the Cypriot VAT authorities with regards to the registration of private aircraft, make Cyprus the most attractive jurisdiction in the European Union (EU) in this area, reducing the effective VAT rate for private aircraft registration to as low as 4,37%, through the use of the “Private Aircraft Leasing Scheme”.
Christodoulos G. Vassiliades and Ourania Vrondou, review the legal framework for copyrights in Europe and the development of innovation encouraging Creative Commons licensing.
They set out to compare the legal framework of copyright protection with the current social trend of fostering innovation; and how the latter is developing in Europe.
Despite these alarming historical events, Cyprus proved that it has not followed the path everyone was expecting. This new-found positive outlook for Cyprus is attributable to its many advantages, including its status as an ideal financial hub for investors, granting vital access to Europe, the Middle East and Africa. Also, as a member of the European Union, Cyprus still holds the benefits associated with this alliance.
Malta offers yacht owners looking to buy a new boat attractive savings on VAT. This scheme is recognised by the EU (since Malta is a full EU member state) and vessels will be ‘EU VAT PAID’ and free to navigate in EU waters without any restrictions. Malta’s shipping registry has grown extensively in the last years and lists some of the most prestigious yachts sailing today. Vassiliades and Co. Malta Limited offers Malta solutions to yachts owners including registration of commercial yachts, VAT-efficient leasing structures and temporary importation procedures.
On the 29th July 2013, the VAT Department published guidelines in relation to the Malta VAT treatment of short-term yacht charters starting in Malta, which guidelines are largely similar to the interpretation which is applicable to long-term yacht leases.
The Seychelles Maritime Safety Administration (SMSA) was created in 2004 and is the regulatory and supervisory authority within the Ministry of Home Affairs and Transport. The SMSA is responsible for ship and yacht registration in the Seychelles.
Our long lasting experience enables us to fully understand the needs of your business and contribute towards its success. In this publication, we will concentrate on the business development
between Cyprus and Moldova in the context of the new Double Tax Treaty signed during 2008 and enforced from January 2009. Furthermore, we will endeavour to understand the benefits offered by Cyprus as well as the purpose served by the Cypriot companies as holding, financing and licensing investment companies.
Irrespective of the tax benefits, it is important to mention that Cyprus is a common law jurisdiction and its Companies’ Law is based on the UK Companies Act of 1948. During the last few decades it has become known as an international financial center, located at the crossroads of three continents: Europe, Asia and Africa. Overall, Cyprus offers a unique European base for international