[Premia TNC] Weekly Newsletter 2024 Vol.15
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 to Host the Fifth Edition of the Belt and Road Initiative Tax Administration Cooperation Forum in 2024
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.
👔 Singapore | Singapore vs. Japan: A Comparative Summary
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.
🩺 Taiwan | Health Insurance for Extended Overseas Stays
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.
🎇 Vietnam | Thai Businesses Keen on Expanding Business in Vietnam
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.
🏭 Malaysia | Manufacturing Industry Business Licensing in Malaysia
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.
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.
🆕 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.
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!
🌟 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.
🌟 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.
🌟 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.
⭐ 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.
⭐ 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 Holiday Notice
Welcome March with renewed energy and enthusiasm! May this month bring you success, growth, and a wealth of positive experiences. 🌟
🗞️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]
