A SaaS company rarely performs only one role when processing personal data. For information that clients upload to the service, it may act as a Data Processor. At the same time, the company acts as a Data Controller for data relating to account holders, payments, security, and its own marketing.
A company does not have to be registered in the European Union for the GDPR to apply to it. European rules may apply to a business from Georgia, Armenia, Serbia, the United Kingdom, the United States, or another country if it is connected with people located in the EU
The country in which an IT company is registered affects more than just the amount of taxes it pays. The jurisdiction determines the ability to open a corporate bank account, accept international payments, hire employees, formalize rights to software, and attract investment.
Opening a bank account as a non-resident rarely involves only completing an application form and presenting a passport. Most banks conduct a comprehensive customer review and therefore request documents in advance to verify the applicant's identity, understand the nature of their business activities, and assess the anticipated account transactions
Opening a bank account as a non-resident does not begin with the issuance of a bank card or even the signing of documents. After receiving the application, the bank conducts its own customer review — bank compliance. It is at this stage that the bank decides whether it is prepared to establish a business relationship with the applicant
Let us examine how to structure relationships with contractors so that the rights to the results of development actually belong to the company
Over the past few years, Uzbekistan has been actively developing its technology sector and creating favorable conditions for the export of IT services