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[Premia TNC] Weekly Newsletter 2024 Vol.9

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 | The New Phase in Virtual Asset Regulation

Following the “Policy Statement on the Development of Virtual Assets in Hong Kong” in October 2022, regulations for virtual asset service providers have been reinforced by the Securities and Futures Commission (SFC). Applicants must obtain licenses for specific activities, submit applications via the WINGS platform, pay the requisite fees, and gain approval. Additionally, regulatory measures are being extended to over-the-counter venues, and consultations with the Hong Kong Monetary Authority are underway to establish a licensing regime for stablecoin issuers to mitigate risks to monetary stability. → Read More

 📑 Singapore | IRAS Committed to Support Paperless Objectives

IRAS has digitized 97% of tax notices since May 2021, promoting greener practices. 98% of Property Tax payers have opted for digital notices for greater convenience. Taxpayers can update preferences at IRAS myTax Portal. Paper notices will be minimized, with ongoing efforts to reduce paper usage. IRAS remains committed to partnering with taxpayers for a greener Singapore.

→ Read More

 📁 Taiwan | How Mainland Chinese Enterprises Are Identified

Individuals, legal entities, or organizations from mainland China, including those investing in Taiwan through a third-party company in another region, are subject to scrutiny. The third-party company is considered owned by Mainland Chinese businesses if they have a direct or indirect ownership of over 30% of shares or total capital, or if they possess control through agreements granting more than half of the voting rights, legal or contractual provisions controlling financial and operational policies, authority over appointing or removing principal members of the board, dominance in voting rights, or other criteria outlined in Financial Accounting Standards Bulletin No. 5 and No. 7 by the Foundation of Accounting Research and Development Institute, Republic of China.

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 📈 Vietnam | Quang Ninh Welcomes 2 Additional FDI Projects with Over $330 Million Investment

On February 21, the Quang Ninh Economic Zone Management Board awarded investment certificates to two foreign direct investment (FDI) projects worth over $330 million USD. Gokin Solar Company’s $275 million USD project at Texhong Hai Ha Industrial Park will produce monocrystalline silicon panels and photovoltaic monocrystalline silicon bars, set to be completed by October 2025, while IKO Thompson Vietnam Co., Ltd. will invest $57 million USD in a bearings and linear motion equipment facility at Song Khoai Industrial Park (Amata), with phase 1 operations scheduled for January 2026. These projects, in processing-manufacturing and high-tech sectors, signal Quang Ninh’s improved investment climate, aiming to attract $3 billion USD in FDI in 2024.

→ Read More

 ⚖️ Malaysia | Tax Initiative for Individuals

In Malaysia’s 2024 budget, the government introduces expanded tax incentives for individuals, including a lifestyle tax relief of RM2,500 for self-improvement expenses, an extension of the RM2,000 education fees tax relief for upskilling courses until YA2026, a new RM1,000 tax relief for sports equipment and activities, and the inclusion of dental expenses up to RM1,000 in medical treatment tax relief for self, spouse, and child. Additionally, the tax relief for EV charging facilities is extended to YA2027, while tax relief for women returning to work is extended to YA2028. Further, medical expenses for parents, including full medical examinations, are now eligible for RM1,000 tax relief, and the tax exemption on children allowance received by employees has been raised from RM2,400 to RM3,000.

→ Read More

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.

→ Read More

🌟 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.

→ Read More

🌟 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 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 Malaysia Webinar

Explore Essential Perspectives on Navigating Legal Compliance for Businesses in Malaysia

Discover Insights on Navigating Legal Compliance for Businesses in Malaysia!

Attend our webinar on March 28, 2024, for valuable information, free consultations, and comprehensive materials to enhance your understanding of the need to be a legally compliant business in Malaysia.

Secure your booking today!



Date: Thursday, March 28, 2024, 2:00 – 3:00 PM
Target companies: Clients looking forward to Legal Compliance for Businesses
Speaker: Consultant – Mandy

→ Webinar participation application link

Premia TNC News

Premia TNC March Holiday Notice

Welcome March with renewed energy and enthusiasm! May this month bring you success, growth, and a wealth of positive experiences. 🌟

Check Our Complete Schedule for March

🗞️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]