As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
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+1 (888) 647 05 40Compliance with GDPR is an urgent issue, since in recent years, when accessing any Internet resource, active users of the World Wide Web noted a change in privacy policy, as well as an update to this system.
There has also been a change in the type of request to save cookies (cookies) – temporary files and the possibility of using personal data.
This is due to the entry into force of the updated GDPR Regulation (GeneralDataProtectionRegulation) of the European Union No. 2016/679, which applies to all Internet pages from 05.25.2018.
The GDPR document sets forth the basic requirements and rules regarding the use of personal data (PD), as well as to all participants in the Regulation.
A very topical issue of the GDPR regarding organizations outside the EU is the requirement for the export (movement) of PD outside the territory of the Union of European States.
The main need to comply with the requirements of the GDPR Regulation is the case when the company acts:
There are a number of sanctions for non-compliance, so all companies that somehow work with users from the EU are required to adhere to the GDPR.
The movement of PD from the EU countries occurs between the following data import and export entities:
The fundamental principle of Ch. 5 of the GDPR Regulation on the permitted export of PD outside the EU states that regardless of where the PD is processed, the Regulation guarantees the established level of protection of the rights of individuals.
This regulation fully applies to the countries of the European Economic Area (CES), which in addition to the EU countries include Liechtenstein, Iceland, and Norway.
The export of personal information between the EU and the CES is positioned as the movement of PD across the EU.
Countries that are not in the EU, but are data importers, must be prepared for such requests to be consistent with GDPR rules, without which doing business in the EU will become illegitimate.
Regardless of the location of the data importing country, all GDPR points apply to it regarding the organization of the necessary PD protection measures, as well as the appointment in some situations of a representative in the European Union, and a database protection inspector (DataProtectionOfficer, DPO).
Only after signing a bilateral agreement will it be possible to process PD on the guarantee of an EU controller.
Eternity Law International specialists will assist you in providing legal assistance in establishing compliance of your business structure with GDPR Regulation. Any difficulties can be overcome.
We will tell you which jurisdiction in the EU or outside it to choose to register and conduct your business. We will help you write Privacypolicy and other clauses in accordance with GDPR.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.