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Hong Kong will host the fifth conference of the Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) in September 2024, gathering representatives from tax administrations, businesses, academia, and international organizations. The forum, initiated by the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM), aims to enhance communication and cooperation among tax administrations along the Belt and Road, foster a sustainable tax environment, and strengthen Hong Kong's role in facilitating the initiative. BRITACOM, established in 2019, facilitates collaboration to remove tax barriers, promote cross-border trade and investment, and support regional economic growth.
The "ASEAN Business Survey" by HSBC reveals strong interest from Southeast Asian companies in expanding into Vietnam, with Thailand leading the trend alongside Malaysia and Indonesia. Thailand ranks third in confidence among businesses entering the Vietnamese market, with investments exceeding $14 billion. This reflects a regional preference for neighboring markets, with 87% of respondents favoring intra-ASEAN investment. Vietnam's appeal lies in its extensive network of free trade agreements, robust consumer base, and thriving digital economy, which will contribute to record-high FDI of $36.61 billion in 2023, cementing its position as a key manufacturing hub amidst global economic challenges.
Compare the business landscapes of Singapore and Japan, both renowned for their competitiveness and attractive environments for investment. Singapore boasts streamlined regulations, competitive tax rates, and an innovative workforce, while Japan offers a robust legal framework, complex tax incentives, and a highly skilled vocational workforce. Deciding between the two requires careful consideration of which features align best with your business needs and goals.
In Taiwan, National Health Insurance (NHI) is mandatory for residents, but those planning to travel abroad for over 6 months can apply to suspend their enrollment and insurance premiums through the stop enrollment process. While enrolled individuals can keep paying premiums and maintain coverage, opting to stop enrollment suspends both premiums and medical benefits. It's important to note that this service is applied for in advance and cannot be retroactively applied, so residents should check their personal status and make necessary arrangements before traveling abroad.
Establishing a manufacturing operation in Malaysia requires obtaining a manufacturing license from the Malaysian Investment Development Authority (MIDA), which oversees compliance with stringent regulations. Eligibility criteria include meeting paid-up capital requirements and committing to technology transfer. The application process involves submitting documents such as a business plan and financial projections to MIDA for evaluation, which may take weeks. Compliance with regulations post-licensure is crucial to avoid penalties or license revocation, with regular renewals necessary for continuous operation. Understanding the regulatory landscape and following the proper procedure are essential for successful establishment and growth in Malaysia's manufacturing sector.
In the intricate realm of manufacturing, securing the requisite licenses stands as a pivotal pillar upon which success is built. The acquisition of a Manufacturing Warehouse License is not merely a formality but a strategic necessity that opens the doors to a myriad of opportunities while ensuring compliance with stringent regulatory frameworks. In this comprehensive guide, we delve into the intricate facets of this crucial license, shedding light on its significance, application process, and potential advantages.
The Vietnamese Government will always listen to and share with partners and investors, creating a peaceful and stable environment, and cooperation and development, where everyone works, benefits, wins, and grows together, Prime Minister Pham Minh Chinh made his speech at the Prime Minister’s meeting with FDI enterprises and Annual Vietnam Business Forum (VBF) on March 19.
According to the regulations of the Employment Services Act, employment for foreigners in Taiwan follows a "permit system", requiring them to apply for permission from the Ministry of Labor. If a foreigner with family or permanent residency applies for a job using a personal work permit issued by the Ministry of Labor, employers must check the foreign resident permit, the original work permit, and family registry information before hiring. For new residents, hold resident visa not requiring to apply for a work permit from the Ministry of Labor according to the law,
Explore a detailed comparison of vital factors such as ease of doing business, legal frameworks, taxation, workforce quality, and quality of life between Singapore and Hong Kong. This comprehensive table offers insights into the distinctive advantages of each business hub, helping you make an informed decision aligned with your specific priorities, be it financial infrastructure, innovation, or market access.
According to the delivered Hong Kong Budget 2024-25, more than 40 strategic enterprises have or will establish or expand their businesses in Hong Kong. They will invest over $40 billion in total and will create more than 13,000 jobs.

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Hong Kong

PREMIA TNC LIMITED

Unit 706, 7/F, South Seas Centre Tower 2, No.75 Mody Road, Tsim Sha Tsui, Hong Kong

Contact Person

Irene Tsang
Aeris Lam

Contact Number

Singapore

Premia TNC (Singapore) Pte. Ltd.

8 Marina View, #39-04 Asia Square Tower 1, Singapore 018960

Contact Person

Amy Tan
Jessy Chan

Contact Number

Taiwan

Premia TNC (Taiwan) Ltd.

18F-2, No.163, Sec. 1, Keelung Rd, Xinyi Dist, Taipei City 110, Taiwan (R.O.C)

Contact Person

Vickie Chang

Contact Number

Vietnam (Hanoi)

Premia TNC (Vietnam) Co. Ltd.

4/F, Epic Tower, Alley 19, Duy Tan Street, My Dinh 2 Ward, Nam Tu Liem District, Hanoi, Vietnam

Contact Person

Vincent Truong

Contact Number

Vietnam (Ho Chi Minh)

Premia TNC (Vietnam) Co. Ltd.

3/F, Sonatus Building, 15 Le Thanh Ton Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Contact Person

Vincent Truong

Contact Number

Malaysia (Johor Bahru)

Premia TNC (Malaysia) Sdn. Bhd.

G-05, Residensi Eko,Jalan Eko Botani 3/5, Taman Eko Botani, 79100 Iskandar Puteri, Johor Darul Takzim, Malaysia.

Contact Person

Lily Lim

Contact Number

Malaysia (Kuala Lumpur)

Premia TNC (Malaysia) Sdn. Bhd.

Suite 6-1, Level 6, Lobby A, Wisma UOA II, No. 21 Jalan Pinang, 50450 Kuala Lumpur

Contact Person

Mandy Siew

Contact Number

Korea

Premia TNC Korea Limited

5F, K-Square, 161 Yanghwa-ro,
Mapo-gu, Seoul, South Korea

Contact Person

Jennifer Seo

Contact Number

China

Premia TNC (Xiamen) Limited

Room 2501, Ocean Mansion, No.268 Lujiang Road, Siming District, Xiamen, Fujian, China

Contact Person

Vicky Lin

Contact Number

UAE (Dubai)

Premia TNC Corporate Service Provider LLC

Office #1825, Smarthub Community, 18th Floor, The One Tower, Barsha Heights Sheikh Zayed Road Dubai, United Arab Emirates, PO Box 450604

Contact Person

(English) Solomon Sayed - (+971) 58 521 9743
(Chinese) Vicky Lin - (+86) 1300 3999 391 / (+86) 1300 3901 967

India

Premia TNC India Limited

A40, Sector80, PhaseⅡ, Noida, Dist.Gautam Budha Nagar, UP 201305 India

Contact Person

Hema Sehgal

Contact Number

Indonesia

Premia TNC Indonesia Limited

One Pacific Place 15th Floor
Jl. Jend. Sudirman Kav.
52-53 Jakarta 12190 Indonesia

Contact Person

Indonesia PIC

Contact Number