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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…
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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 40The General Data Protection Regulation (GDPR) is the EU Regulation No. 2016/679 dated 04/27/2016 “On the protection of individuals with regard to the processing of personal data and their free movement” and the repeal of the Directive on General Data Protection Provisions of the European Union No. 95/46.
This algorithm began to operate on May 25, 2016 and is fundamental for use in the countries of the European Union.
All EU member states that take into account the personal data of individuals – members of the European Union when selling or offering them various services or products.
As well as those who monitor the behavior of the subject of these in the vastness of the EU.
These aspects take into account the following aspects:
The updated GDPR document denotes such concepts as “controller” (English controller) and “processor” (English processor) of personal data.
An individual or legal entity, the state, as well as any government agency or organization that, individually or in combination with others, forms the purpose and methods of processing PD is a “controller”.
This entity has the following responsibilities:
A legal entity or an individual, a state, or a separate body that processes personal information on behalf of and on a control order is a “processor”. His direct responsibilities are:
The EU document applies to all companies that collect, store or process personal data of members of the European Union (i.e. processors and controllers), regardless of the location of these entities.
These Regulations prohibit the movement of personalized data of EU members outside of it, threatening the application of sanctions.
As of April 2018, the European Commission recognizes those countries that do not have an adequate level of PD protection: New Zealand, Guernsey, Uruguay, Switzerland, Liechtenstein, Norway, Iceland, Andorra, South Korea, Argentina, Canada, Israel, Fr. Maine, Faroe Islands, Japan. USA.
The main principle of the Regulation is if it is not possible to force the processor or controller of personal data in a particular country to bear the responsibility that is provided for in the Regulation, then all operations with PD of members of the European Union will be illegitimate.
The main innovations include:
The GDPR provides for substantial sanctions for non-compliance with the processing rules for PD of current residents of the European Union. The fine is estimated at about 20 million Euros, or 4% of the total financial turnover of the corporation).
These requirements are not limited to the limits of the established non-disclosure policy of the Internet resource.
To fully align your company with GDPR rules, we recommend the following:
Eternity Law International experts will assist you in analyzing your Internet resource for compliance with GDPR requirements, draw up the correct Privacypolicy, and also advise you on individual legal issues.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.