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[Premia TNC] Weekly Newsletter 2024 Vol.26

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 | Requirements for Importing Milk and Milk Beverages into Hong Kong

To import milk or milk beverages into Hong Kong, importers must apply to the Centre for Food Safety, providing: a valid registration certificate from the manufacturing authority, a supply certificate from the manufacturer with a production flowchart, water quality test reports (including coliform bacteria and free residual chlorine levels), chemical and microbiological test reports, a manufacturer’s declaration of shelf-life, a sample of the empty container, clear packaging pictures (showing brand name, product name, ingredients, heat-treatment method, and manufacturer and importer details), and a certificate from the origin authority confirming proper heat-treatment and hygienic handling. Additional information may be required by the government.

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🏦 Singapore | MAS Expands Regulation with Protection for Digital Payment Tokens

The Monetary Authority of Singapore (MAS) announced amendments to the Payment Services Act (PS Act), effective April 4, 2024, to broaden the regulation of payment services. The expanded scope includes custodial services for digital payment tokens (DPTs), transmission and exchange of DPTs, and cross-border money transfers, even if the service provider does not handle the funds or DPTs directly. These changes introduce requirements for anti-money laundering, countering terrorism financing, user protection, and financial stability for DPT service providers. Transitional arrangements will be provided for existing entities, which must comply with MAS requirements or cease activities, and safeguarding customer assets regulations will take effect six months later. 

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💼 Taiwan | Exploring the Taiwan Employment Gold Card Program

Launched in 2018, the Taiwan Employment Gold Card is a 4-in-1 card combining a resident visa, work permit, Alien Resident Certificate (ARC), and re-entry permit, allowing multiple entries to Taiwan over 1-3 years. Applicants can apply online without employment or sponsorship. The card allows holders to freely seek employment, work part-time, and change jobs, with a long-term visa for stays over 180 days and a physical ID for legal residency. Costs range from USD 100 to USD 310 based on nationality and card duration. Processing time is 30 days to 4 months, and eligibility is based on professional skills.

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💰 Vietnam | Vietnam Leads Southeast Asia in Attracting Long-term Investors

Vietnam is emerging as a prime long-term investment destination, leading Southeast Asia in attracting investors, with anticipated investment growth of 83% by 2030, according to Bain & Company. UOB Bank forecasts 6% GDP growth in Q2 due to robust economic activities, and FDI inflows have surged 7.8% to $8.3 billion by May, the highest in five years. EuroCham and HSBC highlight Vietnam’s increasing business growth and its potential to become ASEAN’s second-largest digital economy by 2030. Standard Chartered notes Vietnam’s shift from low-cost production to high-quality tech capabilities. The Star lauds Vietnam’s rapid startup growth, making it a key player in Southeast Asia’s innovation landscape.


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👔 Malaysia | (AMLA – Issue 2)

This newsletter outlines AML/CFT compliance guidelines relevant to Malaysian company secretaries. It applies to individuals and firms engaged in activities specified in Paragraph 13 of the AMLA First Schedule and Paragraph 3.3(i) of the BNM Policy Document. Requirements include adopting a risk-based approach, implementing AML/CFT programs, conducting customer due diligence, managing politically exposed persons, and adhering to reporting obligations such as suspicious transactions and record-keeping. Future editions will further detail reporting obligations under AMLA.


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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 | Strike Off Your Company in Singapore With Significant Savings For Your Next Fresh Start

Striking off your company in Singapore can lead to substantial cost savings by eliminating ongoing operational expenses and compliance costs. This process simplifies administration by reducing corporate governance complexity, providing a definitive end that allows owners to move on, and mitigating the risks associated with maintaining a dormant company. Additionally, it improves cash flow, offers potential tax advantages, enhances operational efficiency, and avoids penalties, ensuring a streamlined and cost-effective business solution.

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🌟 Premia TNC Singapore | Streamlining Company Closure Through Hassle-Free Striking Off

Engaging Premia TNC for the striking-off process in Singapore offers significant benefits, ensuring a smooth and efficient experience. Their comprehensive service includes a thorough compliance review, the preparation of necessary documentation, and direct liaison with regulatory authorities, thereby eliminating the hassle for business owners. By handling tax waiver applications and resolving potential objections, Premia TNC helps avoid legal complications and saves valuable time. Their expertise ensures compliance with all legal requirements, providing a cost-effective solution for companies looking to dissolve their business operations without the stress and complexities of navigating the process alone.

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🌟 Premia TNC Singapore | Unlock Efficiency with Premia TNC: Industry-Leading Accounting and Bookkeeping Services in Singapore

Discover the key to streamlined financial management with Premia TNC’s comprehensive bookkeeping services in Singapore. From freeing up valuable time to ensuring regulatory compliance, our experienced team is committed to optimizing your business’s financial operations. Say goodbye to accounting headaches and welcome efficiency with Premia TNC.

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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 Hong Kong Webinar

Hong Kong Company Formation and Maintenance

Gather all the necessary details about the formation process and the maintenance required for companies in Hong Kong!
Attend our webinar on July 31, 2024, for valuable information, free consultations, and comprehensive materials to gain insights into company formation and maintenance in Hong Kong. Secure your booking today!

<Hong Kong>

Date: Wednesday, July 31, 2024,  4:00 PM – 5:00 PM

Target companies: Clients looking for additional information on company formation and maintenance in Hong Kong
Speaker: Consultant – Irene

→ Webinar participation application link

Premia TNC July News

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Premia TNC July Holiday Notice

Welcome July with open arms! May your days be bright and filled with joyous moments and fresh beginnings. 🌻

Check Our Complete Schedule for July

🗞️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]