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[Premia TNC] Weekly Newsletter 2024 Vol.16

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 | Extension of the FTA Scheme

Starting April 1, 2024, Hong Kong Customs has expanded the Free Trade Agreement Transshipment Facilitation Scheme to include the transshipment cargoes from the Mainland to Singapore via Hong Kong. The scheme now allows local traders to apply for a Certificate of Non-manipulation to claim preferential tariffs under various trade agreements when their Mainland cargoes are transshipped to Singapore via Hong Kong. This extension aims to enhance Hong Kong’s role as a logistics hub by providing Customs supervision and ensuring that transshipment cargoes maintain their original state without further processing while in Hong Kong.

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💰 Singapore | Singapore vs. Korea: A Comparative Summary

When Korean entrepreneurs are comparing Singapore to Korea, they need to consider various factors such as business setup, visas, startup ecosystems, costs, living conditions, and government support. Singapore stands out for its efficiency and global competitiveness, whereas Korea offers technological expertise and access to regional markets.

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💱 Taiwan | Income Tax for Influencers: No Law Amendment Needed

During the March 20, 2024 legislative report, the Finance Minister addressed influencer income tax concerns. Existing laws, including the Income Tax Act, were found sufficient, eliminating the need for amendments. Instead, the Ministry of Finance will create Q&A guidelines inspired by Singaporean practices. These guidelines will cover influencer income types, sourcing principles, and expense recognition. The identified influencer income categories encompass platform ad revenue sharing, ad bonuses, platform salaries and donations, advertorials, physical activity fees, subscription fees, livestream sales, and product sales.

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💡 Vietnam | Exploring Investment and Business Opportunities between Vietnam and Hong Kong (China)

During the workshop, Mr. Vo Tan Thanh, Vice President of VCCI, highlighted the flourishing trade and investment cooperation between Vietnam and Hong Kong, with bilateral trade reaching $11.24 billion in 2023 and Hong Kong ranking as Vietnam’s third-largest foreign investor. Mr. Owin Fung, Director of HKETO, emphasized Hong Kong’s reliability as a business partner and its recent visa policy changes benefiting Vietnamese firms. Ms. Alpha Lau, Director General of InvestHK, outlined Hong Kong’s strengths such as its international finance hub status, common law system, and support for startups. Mr. Abhishek Bakshi, from the Hong Kong Stock Exchange, provided insights into IPO listings and emphasized Hong Kong’s role in connecting Vietnamese entities with funding opportunities, particularly under the Belt and Road Initiative.


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🌎 Malaysia | Company Secretary’s Code of Ethics

The evolving role of company secretaries necessitates adherence to a robust Code of Ethics aimed at elevating corporate governance standards and fostering professionalism. Key objectives include instilling professionalism, upholding social responsibility, and ensuring accountability. This code mandates professional competency, integrity, and diligence in duty performance, emphasizing moral responsibility, administrative efficiency, and compliance with legal frameworks. Company secretaries are required to understand and uphold company objectives, exercise discretion with confidential information, and report any suspicions of fraud promptly. They must maintain impartiality in dealings, facilitate effective internal controls, and ensure compliance with statutory requirements. This code underscores the importance of ethical conduct in corporate affairs, guiding company secretaries towards morally sound decisions and actions.


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Discover Our Newest Service!

🆕 Singapore | A Glance At Singapore Variable Capital Company Structure

Premia TNC proudly unveils its exclusive service for the establishment of Singapore Variable Capital Companies (VCC), an efficient umbrella structure meticulously designed for investment funds. Discover limitless expansion possibilities and unrestricted flexibility within this sophisticated framework, offering scalability, tax efficiency, and operational flexibility. Experience a professional suite of services tailored to guide you through the complexities, ensuring strategic leveraging of VCC advantages.

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🆕 Vietnam | Enhance Your Business with Vietnam Compliance Consultancy

Discover unparalleled Vietnam Compliance Consultancy Services from Premia TNC. Navigate regulatory landscapes seamlessly, ensuring your business thrives in Vietnam’s dynamic market. Contact us for expert guidance on sustainable success.

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Exclusive Markdowns!

🌟 Premia TNC Hong Kong x Cathay | Unlock Rewards that Take you Places When you Partner with Premia TNC to Earn Over 10,000 Asia Miles!

Embark on a rewarding journey for your business with PREMIA TNC x Cathay. Seize the opportunity to earn over 10,000 Asia Miles by joining our services. From enticing welcome offers to lucrative referral bonuses, every order placed successfully brings you closer to a world of unparalleled benefits. Grow your business and reap the rewards by elevating your success with PREMIA TNC!

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🌟 Premia TNC Hong Kong x Mastercard | Tailored Excellence and $500 Off! Elevate your Business with Premia TNC Hong Kong for This Exclusive Deal.

Get personalized corporate services at Premia TNC Hong Kong, designed for your unique needs. Our dedicated consultants handle tasks, letting you concentrate on growth. Enjoy a USD$500 discount using your Business Mastercard, unlocking 30% off premium accounting and tax filing services in Hong Kong.

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🌟 Premia TNC Taiwan x Mastercard | Propel your Business and Get $500 Off on us for the Personalized Success that Awaits you with Premia TNC Taiwan.

Experience personalized corporate services at Premia TNC Taiwan, tailored for your unique needs. Let our dedicated consultants manage tasks, freeing you to focus on growth. Take advantage of a USD$500 discount with your Business Mastercard, unlocking a 30% discount on premium accounting and tax filing services in Taiwan.

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🌟 Premia TNC Singapore x Vietnam | Masterplan your Expansion with Exclusive Markdowns for your Singapore Holding Company and Vietnam Subsidiary Ventures.

Unlock tax advantages in SG (territorial tax, 17% corporate tax) and VN (20%, DTAs, 0–17% incentives, loss carry-forward). Flourish in business-friendly environments with no withholding tax on dividends. Elevate your expansion strategy today, complemented by a limited-time discount with us.

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⭐ Premia TNC Singapore x Oasia Hotel Downtown | Enjoy Exclusive Corporate Rates at Oasia Hotel Downtown, Singapore!

Kick back and relax with our special corporate rates at the Oasia Hotel Downtown, Singapore, exclusively extended to all clients of Premia TNC Singapore Pte. Limited. Elevate your stay to a realm of refined luxury.

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⭐ Premia TNC Singapore x The Clan Hotel | Exquisite Corporate Privileges Await at The Clan Hotel, Singapore!

Indulge in the epitome of luxury with our premium corporate rates at The Clan Hotel, Singapore, exclusively curated for esteemed clients of Premia TNC Singapore Pte. Limited. Elevate your corporate stay to unparalleled sophistication.

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Premia TNC April News

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Premia TNC April Holiday Notice

Welcome March with renewed energy and enthusiasm! May this month bring you success, growth, and a wealth of positive experiences. 🌟

Check Our Complete Schedule for April

🗞️Writer: Faraaz
🗞️Productor: Julia ⋅ Felice

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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]