Pursuant to the International Business Companies (Intellectual Property Asset Prohibition) Regulations, 2019 and related legislation, companies incorporated under the International Business Companies Act of Belize (IBCs) shall not acquire, hold own or deal with any Intellectual Property Asset.

The Department of Homeland Security is moving forward with plans to toughen H-1B eligibility criteria, rescind the H-4 employment authorization program and make changes to the EB-5 program.

The Cabinet of the United Arab Emirates has launched a permanent residence program called the Golden Card for investors, outstanding students and foreign nationals with exceptional talents.

This week, Australian Prime Minister Scott Morrison announced his ministerial team, following the Coalition Government’s election victory on May 18.

Panama, May 28, 2019. Morgan & Morgan acted as counsel to Cirsa Enterprises S.L.U. in connection with the offering of €390,000,000 4.750% senior secured notes due 2025, issued by Cirsa Finance International S.à.r.l., and to be guaranteed by the Cirsa Enterprises S.L.U. and, among others, Gaming & Services de Panama, S.A.

Risk Management of Chinese Enterprises and Localized Employee Welfare &Assistance Services

ortugal and Sweden signed, on 16 May 2019, a Protocol to their existing 2002 double tax treaty. Amongst other changes, an amendment to Article 18 (Pensions) provides that pensions earned in Sweden will be taxable in Sweden if not taxed in Portugal. As a result, Swedish pensioners who are living in Portugal under the non-habitual residents (NHR) regime may lose the double exemption of income tax from which they currently benefit.

The governments of Jersey, Guernsey and the Isle of Man issued jointly a second guidance to provide further assistance on the scope and application of the economic substance legislation for companies in the Crown Dependencies.

Tourism has been identified by the Oman government as one of the sectors to diversify the economy away from oil, which is currently the main source of revenue for the country. Based on this initiative, the Oman government, represented mainly by the Ministry of Tourism and the Ministry of Housing, has issued a number of laws and regulations that regulate local and international investment in the tourism sector.

The next twelve months could turn out to be a pivotal year for China’s capital markets, the largest in the Asia-Pacific and the world’s third largest bond market. The proposed inclusion of Chinese yuan bonds in the Bloomberg Barclays Global Aggregate Index, phased in over a 20-month period starting in April 2019, could further accelerate the participation of foreign investors.