[Premia TNC] Weekly Newsletter 2025 Vol.58
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 | Looking into eMPF
The “eMPF” platform in Hong Kong allows 4.7 million plan members and 360,000 employers to access and manage their Mandatory Provident Fund (MPF) accounts on a single platform, including fund performance and employer contributions. To register, you need a Hong Kong identity card, personal mobile phone, and email address and can do so online or via the mobile app. There are no fees for ordinary employees, as the MPF Authority charges trustees instead. After registration, you can view contribution records, change investment portfolios, consolidate accounts, and withdraw MPF benefits through the platform or mobile app.
💲 Singapore | ACRA in Singapore: Essential Regulations for Businesses
The Accounting and Corporate Regulatory Authority (ACRA) in Singapore oversees corporate registration, accounting, auditing, and regulation to ensure businesses comply with legal requirements and maintain transparency. Key functions include managing corporate registration through the BizFile+ platform, ensuring accurate accounting records and independent audits for larger companies, and monitoring compliance with tax reporting and annual return submissions. To register a company, one must reserve a name, meet legal requirements (including having a Singapore-resident director), and use BizFile+ for registration and updates. ACRA mandates accurate financial records, annual filings, and prompt reporting of changes. It also offers online services and educational resources to support businesses in meeting regulatory obligations.
💰 Taiwan | Issuing GUI in Compliance with Taiwan’s Tax Regulations
The Taiwan Ministry of Finance, Taipei National Taxation Bureau, announced that businesses issuing uniform invoices (GUI) with incorrect mandatory details can avoid penalties by voluntarily reporting the error and submitting actual transaction details before an official investigation. However, businesses making the same mistake three or more times within a year will lose this exemption. A GUI must include specific details like invoice number, transaction date, product name, quantity, unit price, amount, tax, and total amount. If an error is found, a corrected invoice must be reissued, and the incorrect one marked “VOID.” For instance, if a restaurant mistakenly issued a GUI for NTD 200 as NTD 20,000 and cannot contact the customer, it can avoid penalties by promptly reporting the mistake. Companies in Taiwan should be cautious when issuing uniform invoices.
📊 Vietnam | Tay Ninh Province Secures Over $100 Million in FDI for Three New Projects in January 2025
In January 2025, Tay Ninh province attracted three foreign investment projects worth $101 million and three capital increase adjustments totaling $20.98 million, bringing the total to 394 foreign projects with $10,203.5 million in capital. Additionally, one domestic project worth 80 billion VND and one capital increase adjustment of 25 billion VND were recorded, totaling 723 domestic projects with 140,861 billion VND in capital. The province issued 66 investment certificates with a registered capital of 476 billion VND, a 43.5% increase from last year. Tay Ninh is implementing regional planning for 2021-2030, with visions for 2050, and aims to complete planning projects for Hoa Thanh and Trang Bang towns by 2045, striving for sustainable economic development and improved investment environments.
🏛️ Malaysia | Unlocking Opportunities with Malaysia’s Premium Visa Programme (PVIP) [Issue 3 of 4]
In this issue, we explore the financial requirements for Malaysia’s Premium Visa Programme (PVIP), which targets individuals with significant financial standing. Applicants must invest at least RM1 million in a fixed deposit with a licensed Malaysian bank, show proof of a monthly income of at least RM40,000, and pay a participation fee of RM200,000 for the principal applicant and RM100,000 per dependent. While property ownership is optional, many choose to purchase property valued at a minimum of RM1 million. Eligibility criteria include being in good health, having no criminal record, and meeting the financial requirements. Stay tuned for more on unlocking opportunities with PVIP in our upcoming newsletter.
📜 Dubai | Dubai Land Department Partner to Boost Proptech Sector
The Dubai Integrated Economic Zones Authority (DIEZ) and the Dubai Land Department (DLD) have partnered to boost the Proptech sector, fostering research, innovation, and business growth in Dubai. This collaboration aligns with the Dubai RDI Grant Initiative, prioritizing advancements in Proptech, smart mobility, and smart grids. Signed at Dubai Silicon Oasis, the MoU underscores DIEZ’s support for startups and SMEs, reinforcing Dubai’s goal of becoming a top global city by 2033 under the Dubai Economic Agenda (D33). DLD aims to accelerate AI and blockchain adoption in real estate via the REES initiative and Dubai Real Estate Strategy 2033. Together, DIEZ and DLD will drive real estate innovation, promote AI applications, and strengthen Dubai’s position as a hub for technological advancements.
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Premia TNC Hong Kong Webinar
Key Insights and Expert Advice for International Entrepreneurs in Hong Kong
Get your hands on crucial information to master company incorporation in Hong Kong!
Attend our webinar on February 26, 2025, for valuable information, free consultations, and comprehensive materials to gain insights into the key requirements to ensure a smooth company incorporation process in Hong Kong. Secure your booking today!
<Hong Kong>
Date: Wednesday, February 26, 2025, 4:00 PM-5:00 PM GMT+8
Target companies: Business owners looking to branch out via company incorporation in Hong Kong.
Presenter: Irene Tsang
Premia TNC February News
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Premia TNC February Holiday Notice
Hello, February! 💐 A month of passion and progress—may this season inspire you to embrace the beauty around you and within you. ✨
→ Check Our Complete Schedule for February
🗞️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]
