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How AI Is Fueling Creative Innovation for Startups Abroad
When most people think about starting a business overseas, their minds immediately jump to logistics: registering the company, navigating local laws, and finding office space. But one of the most exciting (and often overlooked) aspects of expanding internationally is tapping into the global pool of innovation especially in the realm of artificial intelligence (AI).
Support for UK businesses helping to rebuild Ukraine
Department for Business and Trade (DBT) initiatives to support UK businesses helping to rebuild critical infrastructure in Ukraine.
Now is the time to generate growth together with India
£400m of trade and investment wins from UK-India Economic and Financial Dialogue set to boost the British economy.
Government cuts price of everyday items and summer essentials
The Government has cut prices on the imports of everyday essentials like spices and juices to boost economic growth.
UK Government statement on denial of UK MP to enter Hong Kong
The UK Government has issued a response after a UK MP was refused entry to Hong Kong.
EU-US sanctions against Russian Companies
The EU-US sanctions against Russian companies and individuals forbid any economic interaction with the persons from the sanctions list and companies which are owned for 50% or more by these persons, or controlled by them. A violation of sanctions can be punished very hard: a sanctions violation can cost a company fines over $1,000,000 and imprisonment for managers for up to 30 years (US) or 10 years (Germany or other European countries). Irresponsible action (i.e. negligence) is punishable too.
That's why it is very important for any company, doing business in Russia or Ukraine, to find out, if there are sanctioned persons among its customers, suppliers or partners.
In the last months, we have developed a very special service, informing our clients about the sanctions impact, and we observe a huge interest of our clients and other companies in the problem, as many companies do not understand, who should follow the sanctions, what does the sanction regime mean and what legal and economic impact do sanctions have. With our specially designed search engine we can analyze all business contacts of our clients (their customers, suppliers, partners) and find out, if they are owned (even through a mother company or a mother company of a mother company) by a listed person or company.
To perform this check, we need to know a name of a company and its tax number ("INN" in Russia). A company's tax number ("INN") is an opened information in Russia, available at any company, you deal with.