Eternity Law International News Compliance GDPR

Compliance GDPR

Published:
April 2, 2020
Share it:

GDPR COMPLIANCE: REGULATIONS FOR THE EXPORT OF PERSONAL DATA FROM THE EUROPEAN UNION

Compliance 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.

REGULATIONS FOR THE EXPORT OF PD FROM THE EUROPEAN UNION ACCORDING TO THE GDPR REGULATION

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:

  • PD controller (datacontroller), namely manages his own data bank in the EU;
  • a data processor (dataprocessor), which implies contact with the bank of personal data of members of the European Union.

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 CONCEPT OF “EXPORT OF PD FROM THE EUROPEAN UNION” AND SUBJECTS OF DISTRIBUTION OF GDPR

The movement of PD from the EU countries occurs between the following data import and export entities:

  • from a processor in the European Union – a subprocessor located outside the European Union;
  • from a controller located in the European Union to a processor outside the EU;
  • from the controller in the European Union – to the controller outside the European Union.

PERSONAL DATA EXPORT REGULATION ON GDPR

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.

WHAT ACTIONS DO THE NON-EUROPEAN WEB RESOURCES WORKING WITH THE RESIDENTS OF THE EUROPEAN UNION TAKE?

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.

Table of contents

You could be interested

Unlock Your Business Potential: Dubai Company Registration 2025

Dubai, a highly attractive commercial center in the world, welcomes both domestic and international investors with a free corporate launch program. Whether you are a bold businessman or an established company looking to expand, the United Arab Emirates (UAE) offers a business-friendly legislation scheme supported by strict laws, lucky financial laws, and an extremely effective...

Holdings in Switzerland in comparison to holdings in other European countries

The best decision for a businessman, who wants to possess, manage or participate in the activity of any other business organization outside Switzerland, is registering a GmbH/AG holding company (corporation).  Corporation owners get a lot of privileges, that can help in:  In spite of the great number of benefits that you have, like a holding...

Corporate Tax in Luxembourg as of 2024

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...

SiGMA Europe Malta

SiGMA Europe Malta, held from November 14th to 18th, 2022, proved to be a cornerstone event in the iGaming and emerging tech calendar. Set against the backdrop of the picturesque island of Malta, renowned as a global hub for the iGaming industry, this summit attracted a diverse array of attendees, including industry leaders, policymakers, investors,...

Cryptocurrency in Australia

Cryptocurrency in Australia is developing every year. There are more and more miners, so the government has come to grips with the issue of regulating this currency. The act that regulates cryptocurrency-related activities throughout Australia is called the Corporations Act. It was created back in 2001 and is known in the world as the ASIC-based...

Buy Licensed VASP Poland – Fully Compliant Crypto Business

Nowadays, cryptocurrencies are not just digital coins, but a full-fledged economy within the economy. And as strange as it may sound, Poland has become one of those countries where digital businesses feel at home. While some are still arguing about how to regulate bitcoin, Polish regulators have already created a perfectly working scheme that allows...

Related posts

Nevis Gaming License

Nevis Gaming License is regarded by market participants as alternative to other regulatory models, including Curacao Gambling License and Malta Gaming License. At the same time, Gambling License in Nevis represents independent legal framework, structured as separate model of regulatory control and primarily focused on online gaming activities and international operators. Nevis is autonomous jurisdiction...

Opening a business in Turkey

Turkey occupies a liminal position between Europe and Asia, making it a pivotal trade and investment crossroads. A dynamic economy and a huge local market draw entrepreneurs from around the world to the country. Understanding the local legal and financial landscape is the first step for those looking for opening a business in turkey. This...

GmbH vs UG: Credibility Premium vs Capital Efficiency for Early-Stage Teams

This is where the rubber meets the road for founders in Germany who are ready to incorporate their first company. They must choose between two very popular modes. GmbH or UG are both limited liability companies under German law that offer both forms of personal protection for shareholders and work within somewhat similar statutory frameworks....

Liquidation of companies in Cyprus

Key components in sustaining the attractiveness of the island in question as a nation for businesses include the tax system, EU membership, and corporate legislation. Termination is the last resort for a firm sometimes. It is crucial that in such a process, members of the board, investors, and advisers have exposure. The paper gives simple...

From Share Purchase Agreements to Smart Contracts: Redefining Legal Frameworks

The world of corporate deals has always had its drama. Negotiations, long documents, endless edits, lawyers from both sides who spend weeks agreeing on every comma in the Share Purchase Agreement. But imagine a completely different picture: instead of a ton of tribulations on the way to perfection, there are a few lines of code...

Argentina Corporate Tax Explained

To investors and entrepreneurs eyeing Argentina, navigating the country’s corporate taxation sphere isn’t just a bureaucratic hassle; it’s a key step to building a viable and compliant business there. The fiscal regulations are not perfectly committed, but this region is rich in detailed tax laws that are quite well crafted towards control and digital verification....

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Fill the blank: