[Premia TNC] Weekly Newsletter 2024 Vol.34
Premia TNC E-Newsletter
Establishing international corporations and managing tax accounting information.
Tackling worldwide challenges and embracing global trends simultaneously!
👀 Premium News - Quick Overview in 3 Minutes
💡Weekly E-Newsletter
✉️ Hong Kong | Business Name and Nature of Business on Registration Certificate
In Hong Kong, the Business Registration Certificate (BRC) is mandatory for all businesses and must be displayed at the business address as per Section 12 of the Business Registration Ordinance. A company may use a business name, which can differ from the company name, to enhance recognition. Multiple business names can be registered for the same company, treating each as a branch, with separate registrations required for different business activities. The BRC includes a brief description of the business nature, limited to 30 characters in Chinese and 60 characters in English, which must be updated within one month of any changes or business commencement by notifying the Inland Revenue Department.
🤖 Singapore | Tesla to Utilize Humanoid Robots Internally Before 2026 Commercial Launch
Elon Musk has announced that Tesla will start producing and using humanoid robots, called Optimus, internally from next year, with commercial production set for 2026. Initially, these robots will assist in Tesla’s factories, aiming to perform repetitive, unsafe, or mundane tasks. Priced under $20,000, the 5 feet 11 inches tall, 121-pound robots will feature improvements in dexterity, movement, and 5G connectivity. Since its debut in 2021, the Optimus has evolved, with the latest generation demonstrating folding a T-shirt. As EV demand wanes, Musk is focusing on AI, autonomous driving, and robotaxi development.
💲 Taiwan | Obtaining a Dealer’s GUI or Allowance When Providing Sales Incentive Bonuses
Companies often provide dealers with sales incentives to boost performance, requiring different types of supporting documentation depending on the incentive’s nature. If the incentive is service-based, such as when a dealer earns a percentage for arranging product displays, a Government Unified Invoice (GUI) is needed. Conversely, if the incentive is based on sales contracts, like earning rewards for meeting sales targets, an allowance document is required. For instance, when Dealer B receives an incentive from Company A for placing products on accessible racks, a GUI is needed; for incentives earned from meeting sales targets, an allowance is required.
💱 Vietnam | Major Corporations Invest in Semiconductor Projects Across Southeast Asia
Mr. Nguyen Anh Thi, Head of the Management Board of Ho Chi Minh City High-Tech Park, announced that semiconductor chip enterprises from the Netherlands, such as BE Semiconductor Industries N.V., are investing in Vietnam, with BE Semiconductor receiving over 115 billion VND (4.9 million USD) in Ho Chi Minh City. NVIDIA and Marvell Corporation from the USA are exploring AI and chip design opportunities in the region, while Coherent Vietnam Co., Ltd. has invested 127 million USD in Dong Nai. Additionally, Tokyu Group from Japan is expanding into high-tech and semiconductor sectors in Binh Duong. To support this growth, Vietnam plans to train 50,000 engineers and bachelors for the semiconductor industry by 2030.
✉️ Malaysia | What is CP204 Form? [Issue 1 of 2]
Form CP204 is essential for companies in Malaysia to estimate and pay corporate tax in advance, with submissions due at least 30 days before the tax year begins. Newly established entities must submit it within three months from starting operations if their financial period is six months or longer. Established businesses should estimate their tax at no less than 85% of the previous year’s final payment, while new companies should base their estimates on projected profits. Stay tuned for more details on Form CP204 in our upcoming newsletter.
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!
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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.
🌟 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 | 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.
🌟 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.
🌟 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.
⭐ 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.
Premia TNC Taiwan Webinar
Taiwan Yearly Filings with Government and Tax Compliance
Gather all the necessary details about the yearly filings with government and tax compliance required in Taiwan!
Attend our webinar on August 26, 2024, for valuable information, free consultations, and comprehensive materials to gain insights into filing and tax compliance in Taiwan. Secure your booking today!
<Taiwan>
Date: Monday, August 26, 2024, 11:00 AM – 12:00 PM
Target companies: Clients looking for additional information on yearly filings with the government and being tax compliant in Taiwan.
Speaker: Consultant – Sharon
Premia TNC August News
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Premia TNC August Holiday Notice
Cheers to August! May your days be filled with love, laughter, and endless possibilities. 🌼
🗞️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]
