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Blogs

July 3, 2018

The Common Reporting Standards – “New global tax regulations for international entrepreneurs in 2018”

The Common Reporting Standards – “New global tax regulations for international entrepreneurs in 2018” It is common for governments to look for ways to increase their tax revenue and bring transparency into global finances. Since 2017 information between countries are exchanged internationally through Financial Institutions (FIs) with the aim of improving tax transparency and reducing tax evasion. This is done through the Common Reporting Standard (CRS) in which more than 90 countries have signed up to since 2018. What is the Common Reporting Standard? The international standard sets the rules for the automated exchange of bank account information that corporate providers, banks and insurance firms must comply by and report to the relevant tax authority regarding non-residents and their financial activities. What type of information will […]
November 2, 2018

UKVI Introduces New Application Process and Additional Services for visa applicants in the UK

UKVI Introduces New Application Process and Additional Services for visa applicants in the UK   Following the announcement made by UKVI on the 24th of October 2018, a few changes will take place from November 2018: New Process for Most Applications in the UK From November 2018 new process will be available for application submitted in the UK. Most type of applications will be included in the process update, particularly all types of Points Based System applications, Turkish Business Person applications,  most settlement applications as well as naturalisation and nationality registration applications. Family reunion, humanitarian protection, domestic violence applications as well as submissions for applicants who are stateless or relying on a fee waiver will be processed under the current system until January 2019. Easy Steps […]
November 8, 2018

Getting Ready for Brexit

Since the Brexit referendum vote on the 23rd of June 2016, the UK government has been preparing for the unprecedented changes in the immigration legislation dealing with the future status and destiny of the EEA nationals and their family members residing in the UK. Whilst the final confirmation of the immigration policy post-Brexit is eagerly awaited both by the UK residents and immigration law practitioners, below is the overview of facts the Home Office confirmed so far: Status of European Citizens in the UK Whilst Brexit Day is scheduled for the 29th of March 2019, the Home Office confirmed that transitional arrangements for EEA nationals in the UK will continue until 31st December 2020.  All EU citizens residing in the UK will be able to claim […]
December 12, 2018

Statement of Changes to Immigration Rules

A statement of changes was published on 11 December 2018, the main changes are stated below. Tier 1 Exceptional Talent Visa The endorsement of applicants has been widened to include those in the field of architecture. These applicants will be assessed by the Royal Institute for British Architects operating within the endorsement remit of Arts Council England. In addition, the grants of entry clearance will include an additional four months so that, for example, an applicant requesting 1 year entry clearance will be granted 1 year and 4 months’ entry clearance. Tier 4 Visas   Those Tier 4 applicants, who rely on student loans or funds from official financial sponsors are no longer required to show that the funds have been held for a period of […]
December 21, 2018

Summary of Proposals Changes to the Immigration Rules

After the UK’s exit and following the Implementation Period, United Kingdom will end the current free movement system imposed by the EU so that the UK Immigration Rules will apply to EU and non-EU migrants alike in a single skills-based system, as opposed to being based on where an individual comes from. Under the new immigration system anyone who wants to relocate to the UK will need permission to do so, as opposed to being based on where an individual comes from. Mobility for EU & Non-EU Citizens Under the future system following the Implementation Period, those coming to the UK, including EU citizens, who intend to work or study or join family will need permission to do so, normally in the form of an electronic […]