Publication date: November 13, 2024
Virtual office and registration as an active VAT taxpayer
A virtual office is an innovative method of reducing the costs of running a business. It allows to establish a legal seat of business in a specific location without having to run a traditional office. This is a particularly good solution for individual businesses run by freelancers working remotely, who can provide their services from all over the world and do not need a traditional office, but also for foreign investors who are unable to manage an office in Poland on an ongoing basis and do not want to rent premises and hire staff for this purpose. Virtual offices are usually managed by experienced office administration specialists who are able to handle incoming correspondence, store documentation in a legal manner and accept inspections.
A virtual office has been a legal way of establishing a business headquarters for years. However, it is necessary to take into account the legal requirements that must be met in order for a virtual office to legally fulfill its function.
Legal requirements for establishing a virtual office
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Publication date: November 13, 2024
New labelling requirements for medical cannabis as pharmaceutical raw material
Introduction
On 1 July 2024, a new European Pharmacopoeia monograph, Cannabis flos (3028), entered into force. This involves introducing changes to the registration dossiers for pharmaceutical raw materials based on hemp other than fibrous hemp.
Legal basis
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Publication date: November 13, 2024
The European Union, issuing Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) (OJ EU. L. of 2016, No. 119, p. 1, as amended), commonly known as the GDPR Regulation, had to face the threats resulting from the effects of globalism. It could not limit the processing of personal data only to the borders of Europe, where the GDPR guaranteed strong protection. It had to create a system that could also provide this protection in third countries outside the old continent.
It did so in Chapter V of the regulation, where a number of solutions were found to facilitate the processing of data in third countries and, on the other hand, ensure a high level of protection. The essence of this solution is the institution of “adequate countries”, i.e. those in which the European Commission has found an adequate level of personal data protection. However, the regulation also contains other solutions for situations when we will not be dealing with an adequate country.
European Data Protection Board
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Publication date: November 13, 2024
by Łukasz Ruman, KIELTYKA GLADKOWSKI KG LEGAL
Electronic money institution, Payment institution, Small payment institution, Payment services office
In today’s world, conducting financial activities electronically is becoming increasingly popular. Banks are focusing on conducting their activities via the Internet and electronic payments. Companies that conduct their accounting remotely and freely make payments using intangible money do the same.
Technical and IT support for such a large financial industry requires specialized entities. For this purpose, numerous companies have been established that are called “fintech”. The abbreviation comes from the English phrase financial technology. It is used to collectively name programs used to handle finances electronically, but also companies involved in the production and maintenance of such programs.
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Publication date: November 13, 2024
We are pleased to announce that we have the honour of being invited to personally participate in the upcoming inaugural event of the World Justice Project EUROVOICES, which will take place on Tuesday, 26 November 2024 at 15:00 CET in Brussels. The event will present the results of over 72,000 surveys conducted with both legal experts and the general public, providing valuable data to guide evidence-based policies at national and regional levels. Speakers will delve into key observations on the rule of law, governance and justice across the EU, helping to identify strengths and areas for improvement.
World Justice Project is an American legal organisation. One of its activities was a campaign to assess the actual perception of the rule of law around the world. The programme was organised in cooperation with an institution of the European Union, therefore the final of the rule of law survey will take place in Brussels.
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