[Premia TNC] Weekly Newsletter 2025 Vol.53
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 | Double Taxation Relief in Hong Kong
Hong Kong adopts a territorial tax system, taxing only income sourced within its borders, thus generally avoiding double taxation for its residents. To further mitigate double taxation, Hong Kong actively negotiates Comprehensive Double Taxation Agreements (DTAs) with trading partners, providing clarity on tax liabilities and encouraging international business. Special arrangements are made for airline and shipping income due to their susceptibility to double taxation, including reciprocal tax exemptions and bilateral agreements. These efforts aim to minimize double taxation exposure for Hong Kong residents and their international counterparts.
⚙️ Singapore | ChatGPT Pro: Expanding the Horizons of Cutting-Edge AI
OpenAI has introduced ChatGPT Pro, a $200/month premium plan offering unrestricted access to advanced models like OpenAI o1, o1-mini, GPT-4o, and Advanced Voice features. Key highlights include the enhanced o1 Pro Mode, which delivers superior responses through increased computational power, excelling in fields like data science, software development, and legal analysis. Tailored for professionals, ChatGPT Pro ensures a seamless user experience with features like a progress indicator and in-app notifications. OpenAI plans to further enhance this offering with more powerful productivity tools, ensuring continuous innovation and cutting-edge AI advancements.
💳 Taiwan | Managing a Lost or Damaged Gold Card While Traveling
If your Gold Card is damaged while abroad, contact the Immigration Agency’s Border Affairs Corps at your arrival airport to verify your identity and prepare for your arrival; airlines may confirm your status with the Immigration Agency, allowing you to use your damaged card to board and enter Taiwan. If your Gold Card is lost, apply for a replacement online through the “Online Application Portal” by selecting “Replace a Lost, Stolen, or Damaged Employment Gold Card,” uploading a signed Declaration Letter, and completing the application process, which takes about two weeks. Once approved, download the Resident Authorization Certificate to enter Taiwan, and collect your new Gold Card at your designated National Immigration Agency Service Center upon return, with a replacement fee of NTD500 (NTD2,600 for Hong Kong or Macau residents).
🌎 Vietnam | Vietnam Poised to Boost Global Production and Export Share
An official from Standard Chartered Bank Vietnam highlighted that Vietnam is well-positioned to increase its share of global production and exports due to multiple free-trade agreements. In 2024, the manufacturing sector grew solidly, aided by accommodative monetary policy. Credit growth reached 16.6% by November 30, surpassing the 2013-2023 average. Exports rose 11.4% and imports 16.4% in the first 11 months, with strong electronics trade. FDI remained robust, with disbursed FDI up 7.1% and pledged FDI up 1%. Vietnam’s GDP is forecasted to grow by 6.7% in 2025. To sustain growth, Vietnam needs to prepare for natural disasters, diversify its economy, and expand FDI sources beyond Asia. The recent U.S. Fed rate cuts were expected to support Asian currencies, but strong U.S. economic data has created challenges. Vietnam’s balance of payments remains solid, though rising commodity prices pose risks. Lower USD rates may reduce capital outflows, while a trade surplus and strong tourism should support the VND.
🏡 Malaysia | Malaysia My Second Home (MM2H) Program [Issue 2 of 4]
In this issue, we explore the GOLD Category requirements for the MM2H Program: Applicants must be 25+ years old, deposit USD 500,000 (with up to 50% withdrawal allowed for specific purposes), and pay a one-off RM3,000 fee. They must purchase a house worth at least RM1 million, reside in Malaysia for 90 days annually, and the MM2H pass is valid for 15 years with a 5-year renewal. Dependents are allowed, but foreign domestic helpers are not. Long-term medical treatment in Malaysia is permitted, but participants cannot engage in business, investments, or employment without the relevant pass. Stay tuned for more details in the next newsletter!
📈 Dubai | UAE Sets 6-Month Minimum Gap for Basic Goods Price Hikes Starting January 2025
Starting January 2, 2025, the UAE Ministry of Economy will enforce new regulations requiring a six-month interval between price increases for nine essential goods, including cooking oil, eggs, dairy products, rice, sugar, poultry, legumes, bread, and wheat. Retailers must obtain Ministry approval for price hikes and display unit prices clearly. These measures, part of three new ministerial decrees, aim to enhance transparency, market stability, and prevent monopolistic practices. The Ministry will monitor compliance, allowing consumers to file complaints and ensuring fairness across all emirates. This regulatory framework promotes price stability, consumer protection, and a balanced marketplace.
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.
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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 January News
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Premia TNC January Holiday Notice
Welcome, January! 🕊️ A new year, a new you—may this month fill your days with hope, positivity, and boundless 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]
