New law on companies registered in jurisdictions with preferential tax regimes

The Act on the Economic and Financial Relations with Companies Registered in Jurisdictions with Preferential Tax Regime, Persons Related to Them and Their Beneficial Owners, published in the State Gazette No. 1 of 3 January 2014, entered into force as of 1 January 2014.
The Act imposes restrictions on the access to public funding and management of financial resources for companies that are registered in jurisdictions with a preferential tax regime (JPTR) or the persons related to them or their b…