Discover VCC (Varibale Capital Companies) Fund Setup in Singapore NOW!

The Legislative Council (LegCo) will convene on Wednesday, April 10, at 11 a.m. in the LegCo Complex Chamber to continue the Second Reading debate on the Stamp Duty (Amendment) Bill 2024 and the Waterworks (Amendment) Bill 2023. If approved, these bills will proceed to the committee of the entire Council for further consideration before scheduling for Third Reading. Additionally, the Dentists Registration (Amendment) Bill 2024 and the Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Bill 2024 will be introduced for their First and Second Readings, respectively, with the Second Reading discussions concluding during the session.
In the event of a disaster, individuals should file for personal income tax and personal disaster losses within 30 days, while profit-making enterprises must do the same for corporate income tax and disaster losses. Small-scale businesses affected by the disaster can deduct the days of halted operations from their VAT or business tax, and the entertainment industry can deduct non-operating days from their entertainment tax. For commodities tax, affected parties can apply for a refund or cancellation of tax paid on destroyed goods within 30 days. Similarly, tobacco and alcohol taxes can be refunded or canceled for damaged products, with relevant inquiries directed to the tax bureau's toll-free number: 0800-000-321.
The collaboration between the Securities Commission Malaysia (SSM) and Bank Negara Malaysia (BNM) under Act 613 emphasizes Malaysia's commitment to stringent anti-money laundering and counter-financing of terrorism (AML/CFT) measures. This partnership aims to regulate and supervise company secretaries and trust companies effectively, positioning Malaysia as a regional leader in preventing financial malpractice within ASEAN. The SSM's guidelines outline the obligations of company secretaries as Reporting Institutions under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001 (AMLA), with objectives to establish requirements for preventing and combating money laundering and terrorism financing while aiding company secretaries in implementing a risk-based approach to managing ML/TF risks.
With the increasing complexity of Company Laws and the continued rationalization of business into larger groups of companies, the position of the company secretary in relation to the affairs of the company has evolved from being a mere servant to a much more important person in a company.
Delivering the opening keynote to the workshop, Mr. Vo Tan Thanh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), said that Vietnam - Hong Kong trade and investment cooperation has grown fruitfully for years. Hong Kong is currently one of Vietnam's 10 largest trading partners and ranks 6th in the export market. In 2023, the bilateral trade was estimated at US$11.24 billion. In the year, Hong Kong's foreign direct investment (FDI) into Vietnam amounted to US$4.68 billion, ranking third among foreign investors in Vietnam. For its part, Vietnam is also Hong Kong’s second-largest trading partner in ASEAN and Hong Khong’s 7th largest global trade partner. Hong Kong is well-known for its strength as a gateway for investment, trade, finance, and logistics between China and the region and the world through the “Belt and Road” Initiative and “Hong Kong - Guangzhou - Macao Greater Bay Area”. This important factor will boost economic relations between Vietnam and Hong Kong as well as between ASEAN countries with East Asian economies and the world.
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.
Starting from 1 April 2024, Hong Kong Customs extended the Free Trade Agreement Transshipment Facilitation Scheme (FTA Scheme) to cover transshipment cargoes from the Mainland to Singapore via Hong Kong.
For Korean entrepreneurs weighing Singapore against Korea, key factors like business setup, visas, startup ecosystems, costs, living conditions, and government support are crucial. Singapore excels in efficiency and global competitiveness, while Korea offers tech prowess and regional market access. The table below provides a concise comparison for informed decision-making.
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.

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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