Meet the Co-chairs - TAG-SP
Scopelitis, Garvin, Light, Hanson & Feary, P.C.
International Trade and Customs
Ferdausur Rahman, Barrister (Lincoln’s Inn) and Partner, A.S & Associates highlights the business opportunities in the fast growing economy of Bangladesh.
Bangladesh is a booming economy, recently making the list of low-middle income countries as per the World Bank. According to the IMF, the Bangladeshi economy is projected to grow from $180 billion to $322 billion by 2021. The rate of GDP in 2015 was $195.1 Billion and the gradually escalating growth rate was 6.6%. High-growth domestic markets, government support, lower valuations of takeover targets and ready access to capital have provided unprecedented opportunities for investors all across the world to explore new market in Bangladesh. Bangladesh is already one of the leading FDI targets in the Asia Pacific.
Why Bulgaria? What are the advantages for a company to do business here? What is the most important thing to know for starting the investment? How to acquire citizenship and right of residence? What are the applicable incentives in relation to taxation, support by the administration, EU funds, etc.?
The team of Popov & Partners has developed a Doing Business Guide in Bulgaria which includes major issues for the prospective investor related to legislative regulations and requirements for starting a successful business in the country. The experts of the law office have selected and synthesized the relevant and important information for the investors as well as the main advantages of Bulgaria as a business destination.
The Guide is available for free download here:
By Susan Kohn Ross:
In an earlier alert, we discussed the various export incentives put into place with the passage of the Trade Facilitation and Trade Enforcement Act (“TFTEA”). One long-standing benefit available to exporters is duty drawback, which enhances a company’s ability to compete in the global market.
Contact: Scott J. Wenner; Schnader Harrison Segal & Lewis LLP
Roughly three weeks ago EU and U.S. negotiators announced that they had reached agreement on a replacement for the Safe Harbor mechanism for compliance with European regulations on transfers of personal information to the United States. More than 4,000 U.S. businesses were reliant on Safe Harbor to allow them to receive data from Europe on EU-based customers and employees when, in October 2015, it was invalidated by the EU Court of Justice, creating great risk for the businesses that had relied on it.
Contact: Scott J. Wenner
The Safe Harbor agreement between the European Union and the United States permitted American businesses to import personal data of EU citizens based on self-certification of compliance with EU data protection laws. Safe Harbor was widely criticized in Europe as being too easily circumvented, too infrequently enforced and offering too little protection to the personal data of EU citizens.