The continuous battle of the European Commission against money laundering and terrorist financing within the EU has been widely known over the past years. In fact, back in May 2020, an Action Plan had been set in place for the proper implementation of the AML/CTF framework, by reinforcing the legal framework and by proposing back in July 2021 the introduction of a new authority for the…
News
On September 12th of 2018, The European Parliament along with the European Council established a European Travel Information and Authorisation System, hereinafter referred to as ETIAS, by introducing Regulation (EU) 2018/1240 as well as Regulation (EU) 2018/1241 amending Regulation (EU) 2016/794 for the purpose of establishing ETIAS. Such measures were taken in order to provide a stronger security control at the boarders and ensure safety within…
In times when the term “personal data” has been widespread both in the media, as well as the corporate world, perhaps it might be a brilliant opportunity to remember what it actually means in legal terms, and why is it so important. Pursuant to the Charter of Fundamental Rights of the European Union in its’ article 8(1) and the Treaty on the Functioning of the…
Back in September of 2020, the European Commission had presented a proposal for a Regulation on Markets in Crypto-Assets, otherwise referred to as MiCA, in addition to an amendment to the Directive (EU) 2019/1937. The foundations of such initiative find their source in Article 114 of the Treaty on the Functioning of the European Union (TFEU), according to which the EU is competent in suggesting provisions…
The amended provisions of the Tax Law 4646/2019 of the Hellenic Republic which entered into force in the beginning of March of 2020, establish the perfect conditions for high-income individuals to transfer their tax domicile to Greece. Due to this new “non-domicile” regime introduced by the Hellenic government , physical persons who transfer their tax residency to Greece shall receive significant tax deductions on the totality…
The European Markets Infrastructure Regulation (EMIR) (EU) No. 648/2012 on OTC entered in vigor on August 16th of 2012 is an EU Regulation on OTC derivatives, central counterparts and trade repositories which has been adopted for the optimization of transparency in derivative markets. The Regulation was inspired by the G20 commitments as agreed upon in Pittsburgh back in September of 2009. The fundamental provisions of EMIR…
Following the amendments suggested by the Hellenic Government earlier in September and approved this week by the Ministry of Development and Investments, the minimum amount of investment has been doubled in the most popular and expensive areas of the Hellenic Republic. The amended Legislation which has been introduced to the Parliament states that for the Northern, Central and Southern Domains of Athens within Attica, the Municipality…
Over the past few years Greece has become an attractive pole for investors due to the countrys’ unique location, history, climate and natural resources. Situated at the crossroad of three continents, Greece is a major business center, particularly within the shipping and tourism sectors, while it is considered to be the number 1 holiday destination. Most investors choose the Hellenic Republic for their permanent residency for…
A human beings’ fundamental right to free movement and residence can be subject to an international and / or European warrant issued by the Competent Authorities of each country in cooperation with Interpol or Europol. The placement of an individual’s identification information on the list of wanted persons converts such person into a fugitive and the procedure of extradition of the subject to the country where…
