The amendments to the Money Laundering and Terrorist Financing Prevention Act were announced on December 19^th.  establishing new requirements related to virtual currency licenses. The amendments will enter into force on March 10th, 2020 and a transition period has been introduced for license holders until July 1, 2020. If it does not meet the new requirements, the company will be deprived of its previously issued licenses.

Dozens of companies, such as last year’s biggest investor HHLA have decided to invest in Estonia – at least in part – due to the country’s innovation-friendly and simple tax system.  

To uncover which countries rank highest when it comes to next-generation connectivity, global community network InterNations recently released a report on Digital Life Abroad, ranking countries for expats based on the availability of government online services, the ease of getting a local mobile number, the availability of high-speed internet at home, cashless payments and open access to the internet.

The government approved a bill to toughen the regulation on granting virtual currency activity licences to service providers active in the sale and purchase of virtual currencies or who provide virtual currency wallet services.

An increasing number of people can work online from anywhere. They are often described as ‘digital nomads’ because many of them use that freedom to travel at the same time, but this is part of a much broader trend towards location-independence for everyone. Thanks to the internet and advances in digital technology, more people are able to work flexibly and globally, whether through their own company or as a remote worker.

If you want to start your own company as a digital nomad though, which country do you register it in?

Article by Adam Rang