Weekly Newsletter 2025 Vol.75
Premia TNC E-Newsletter
Establishing international corporations and managing tax accounting information.
Tackling worldwide challenges and embracing global trends simultaneously!
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💡Weekly E-Newsletter
📈 Hong Kong | Hong Kong’s New Re-domiciliation Regime
Effective 23 May 2025, Hong Kong’s new company re-domiciliation regime under the Companies (Amendment) (No. 2) Ordinance 2025 offers a streamlined and cost-effective process for non-Hong Kong corporations to relocate to Hong Kong while maintaining their legal identity and business continuity. The regime applies to entities comparable to public and private companies limited or unlimited by shares under Hong Kong law. It focuses solely on inward re-domiciliation, does not require an economic substance test, and ensures all existing rights, obligations, and operations remain intact, which further strengthens Hong Kong’s position as a global business and financial hub.
💰 Singapore | No Filing Service (NFS) for YA 2025
For the Year of Assessment (YA) 2025, individuals whose 2024 income consists solely of pre-filled data (such as employment income submitted by employers) may qualify for the Inland Revenue Authority of Singapore’s (IRAS) No Filing Service (NFS) and are not required to file an Income Tax Return. From 1 March to 18 April 2025, taxpayers can log in to myTax Portal to verify their pre-filled income and personal relief details. Final Notices of Assessment (NOA) will be issued between the end of April and September 2025, and any errors can be corrected once using the ‘Amend Tax Bill’ service. Taxpayers are responsible for ensuring the accuracy of their NOA. If employment income is incorrect, they should contact their employer to update IRAS. Changes in personal relief eligibility or undeclared income (such as rental income) require filing a tax return during the filing window.
🏛️ Taiwan | Share Transfers, Director Changes, and Seal Tampering
Taipei City Hall has warned investors about recent fraud cases where company registrations and seals were altered without authorization. To prevent such scams, companies should securely store their registered and bank seals, regularly check registration details via the Ministry of Economic Affairs’ online system or subscribe to change notifications, and monitor bank accounts for unauthorized activity. When applying for changes like appointing directors or transferring shares, original identification and the responsible person’s registered seal are required; if the seal is lost, a signed declaration and ID copy must be submitted. To enhance security, the City Hall no longer accepts walk-in applications for these changes.
💴 Vietnam | Bac Ninh Targets $1.5B Yearly in Semiconductors
Bac Ninh is emerging as a key electronics manufacturing hub in Vietnam, hosting major global firms like Samsung, Foxconn, and Amkor. Aiming to become a strategic center for the semiconductor industry by 2030, the province plans to attract selective FDI, establish chip design and manufacturing facilities, and build a skilled workforce of over 10,000 engineers. However, it faces challenges in human resources and infrastructure, including the lack of a dedicated semiconductor industrial park and essential utilities like ultra-pure water. To support its goals, Bac Ninh is offering tax incentives, import duty exemptions, low-interest credit for startups, rental subsidies, and streamlined administrative procedures under the “60% Green Stream” mechanism.
💻 Malaysia | E-Commerce Trends in Malaysia (Issue 2 of 3)
Personalization has become essential in Malaysia’s e-commerce landscape, with businesses leveraging data analytics and machine learning to deliver tailored shopping experiences that boost customer loyalty and retention. Social media platforms like Instagram, Facebook, and TikTok play a pivotal role, where influencers drive product discovery and sales through engaging content. The COVID-19 pandemic accelerated digital adoption, pushing even traditional retailers online, and government initiatives like the Digitalisation Grant have further supported SMEs in embracing e-commerce. As online shopping habits persist, personalization and social commerce continue to shape the future of retail in Malaysia.
🏢 Dubai | SMEs Gain Financial Edge at RAKEZ Workshop
RAKEZ recently hosted a financial management workshop titled ‘Mastering Financial Management: Smart Money Strategies for SMEs’ at Compass Coworking Centre, aimed at strengthening SMEs’ financial resilience and scalability. Led by RAKEZ CFO Dr. Alida Helena Scholtz and tax consultant Reem Abushama, the session covered budget optimization, cash flow management, and cost-effective strategies. With SMEs contributing 63.5% to the UAE’s non-oil GDP, RAKEZ Group CEO Ramy Jallad highlighted the importance of financial literacy and reaffirmed RAKEZ’s commitment to supporting its 30,000+ business community. The initiative aligns with the UAE’s goal to grow its SME sector to 1 million businesses by 2030.
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Premia TNC June News
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Premia TNC June Holiday Notice
A vibrant month to celebrate progress, embrace change, and step confidently into new adventures. Let’s rise and shine! ☀️✨
🗞️Writer: Faraaz
🗞️Productor: Julia ⋅ Felice
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PREMIA TNC LIMITED / KORCHINA TNC CPA LIMITED
Founded in 2003, Premia TNC operates in Hong Kong, Singapore, Vietnam, Taiwan, Malaysia, Korea, and Dubai.
We provide consulting and accounting services, including corporate establishment, management, accounting, tax advice, and auditing.
Unit 706, 7/F, Tower 2, South Seas Centre, 75 Mody Rd, Tsim Sha Tsui, Hong Kong
TEL (+852) 6484 3419
[email protected]
