[Premia TNC] Weekly Newsletter 2025 Vol.59
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 | Typhoon Protocols for Hong Kong Markets
Starting September 23, 2024, Hong Kong will allow trading to continue during typhoons and severe weather, aligning with global standards and enhancing its financial market’s resilience. This shift, facilitated by remote trading access and enhanced safety protocols, aims to reduce market disruptions and bolster investor confidence. While it raises concerns about worker safety, HKEX is promoting remote work and ensuring support for essential staff. This move positions Hong Kong alongside major financial hubs like New York and London, ensuring market continuity and economic stability.
📊 Singapore | ChatGPT’s New Tasks Feature: Revolutionizing Reminders and To-Do Management
OpenAI’s new Tasks feature in ChatGPT, available to Plus, Team, and Pro subscribers, allows users to schedule reminders and future actions, transforming ChatGPT into a full-fledged digital assistant. Users can create one-time or recurring tasks, manage them through chat threads or a dedicated Tasks section, and receive notifications across platforms. This feature, which requires user approval for proactive suggestions, is currently exclusive to paid subscribers, aligning with OpenAI’s strategy to offer premium features. Tasks aims to enhance productivity and redefine AI interactions, positioning ChatGPT as a rival to virtual assistants like Google Assistant and Siri.
💰Taiwan | Deducting Interest on Installment Tax Payments
If a profit-seeking enterprise faces financial difficulties and cannot pay taxes in full by the deadline, it may apply for installment payments under the Tax Collection Act, with the interest incurred classified as an operating cost. According to Article 97, Item 17 of the Regulations Governing Assessment of Profit-Seeking Enterprise Income Tax, interest from supplementary provisional tax payments, additional tax assessments, installment applications, administrative remedies, voluntary tax reporting, and late payments can be treated as expenses. However, penalties for tax law violations, such as late filing fees, non-filing fines, and delinquency charges, cannot be treated as expenses or losses under Article 38 of the Income Tax Act. Profit-seeking enterprises should adhere to these regulations to avoid errors and additional tax payments.
📈 Vietnam | Vietnam Sees 48.6% Surge in FDI Capital in January 2025
In January 2025, Vietnam saw a significant boost in foreign direct investment (FDI), with total registered FDI reaching $4.33 billion, marking a 48.6% increase compared to the same period last year. The realized FDI was estimated at $1.51 billion, a 2% rise from January 2024. The processing and manufacturing sector dominated, attracting $869.7 million, which accounted for 67.6% of the newly registered capital. Real estate followed with $248.5 million, making up 19.3%. Among the 33 countries and territories investing in Vietnam, China led with $380.3 million, representing 29.5% of the total newly registered capital, followed by Singapore with $372.3 million (28.9%), Hong Kong with $103.6 million (8.1%), the United States with $98.4 million (7.6%), and Japan with $52.1 million (4.1%).
📝 Malaysia | Unlocking Opportunities with Malaysia’s Premium Visa Programme (PVIP) [Issue 4 of 4]
The Malaysia Premium Visa Programme (PVIP) offers high-net-worth individuals a streamlined application process through authorized agencies, requiring thorough documentation such as proof of income, bank statements, medical records, and a police clearance certificate. After submission, the Immigration Department reviews the documents, and upon approval, issues the PVIP, allowing the holder and their dependents to reside in Malaysia. This visa provides long-term residency for up to 20 years, flexible work and business opportunities, and access to top-tier healthcare and education, making it an attractive option for those looking to invest and live in a vibrant Southeast Asian economy.
🧾 Dubai | UAE and Costa Rica Strengthen Trade and Investment Ties
The UAE and Costa Rica reaffirmed their commitment to strengthening economic relations under the Comprehensive Economic Partnership Agreement (CEPA) during a high-level business forum in Dubai. The event, organized by Dubai Chambers, brought together government officials and business leaders, including UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi and Costa Rican Minister of Foreign Trade Manuel Tovar Rivera. They highlighted CEPA’s role in boosting trade and investment by removing trade barriers and fostering cooperation. The agreement aims to expand bilateral trade and investment, particularly in sectors like renewable energy, logistics, manufacturing, agribusiness, and tourism. Non-oil trade between the UAE and Costa Rica reached $82.6 million in 2024, a 27.5% increase from 2023, with the UAE expanding its economic presence in Central America through strategic investments. The forum concluded with networking sessions to facilitate business collaborations and investment opportunities.
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Key Insights and Expert Advice for International Entrepreneurs in Hong Kong
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<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. ✨
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🗞️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]
