Weekly Newsletter 2025 Vol.83
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 | Embracing E-Signatures for Corporate Governance
The Electronic Transactions Ordinance (ETO), enacted in Hong Kong in 2000, grants legal recognition to electronic records and e-signatures, equating them with traditional paper-based documents. It distinguishes between simple electronic signatures (e.g., typed names or scanned signatures) suitable for low-risk use and secure digital signatures backed by Certification Authorities (CAs), ideal for sensitive transactions. The ETO enhances corporate governance by enabling faster, cost-effective, and secure digital processes. To comply, businesses should ensure e-signature reliability, work with trusted CAs, implement secure record-keeping, train stakeholders, and establish clear internal policies.
🤖 Singapore | OpenAI to Combine Multiple Models into Upcoming GPT-5
OpenAI plans to release GPT-5 later this summer, unifying its current model families, the reasoning-focused “O” series and the multi-modal GPT-4o, into a single, advanced system. This new model aims to streamline user experience by combining the best of both lines, eliminating the need to switch between models and enhancing overall performance. OpenAI executives describe GPT-5 as a foundational leap designed to improve efficiency and reduce limitations across tasks.
💽 Taiwan | MOEA Updates Retail Data Security Regulations
To enhance personal data protection in retail, Taiwan’s Ministry of Economic Affairs (MOEA) enacted the “Retail Industry Personal Data File Security Maintenance and Management Regulations” on August 1, 2023. Initially targeting the general merchandise sector, the regulations now apply to all retail businesses with at least NTD10 million in capital that recruit members or collect customer transaction data. However, businesses regulated by other central authorities, such as those in Chinese and Western medicine, cosmetics, multi-level marketing, agriculture, and medical equipment, are exempt and must follow data protection rules set by their respective regulators.
🧴 Vietnam | Cosmetics Management to Meet International Standards
Starting August 18, 2025, Vietnam’s Ministry of Health will enforce Circular 34/2025/TT-BYT, requiring all imported cosmetics to submit individual product announcement forms listing ingredients in descending concentration order using ASEAN-endorsed INCI names. Ingredients under 1% may be listed flexibly, with colorants marked as “+/–,” and percentages of restricted substances must be fully disclosed. The regulation aims to enhance transparency, prevent ingredient concealment, and align with global standards. From 2026, product data will integrate with barcodes and blockchain to improve traceability, supporting industry growth and export potential.
🔐 Malaysia | Data and Compliance Report: Key Info [Issue 4 of 4]
Firms not engaged in gazetted activities during the reporting period, such as dormant entities, newly established firms, or those winding down, must declare their status via the DNFBP portal by selecting “Declaration of Non-Applicability.” Failure to submit a DCR or make this declaration may trigger regulatory scrutiny. For Reporting Institutions (RIs), the DCR is more than a regulatory formality; it’s a key tool for strengthening AML/CFT measures and aligning with Bank Negara Malaysia’s supervisory expectations. Timely, accurate submissions using a structured, tech-driven approach not only ensure compliance but also enhance internal controls and reputation.
📈 Dubai | Dubai Centre Explores Legacy Planning for Family Business Growth
The Dubai Centre for Family Businesses, under Dubai Chambers, recently hosted a “Governance Series” session in collaboration with the Indian Business & Professional Council (IBPC), bringing together 21 family business leaders to explore legacy structuring and long-term sustainability. The event focused on establishing governance frameworks, succession planning, and multigenerational growth strategies. Maha Al Gargawi, Vice President of Business Advocacy, highlighted the Centre’s commitment to supporting family businesses as vital contributors to Dubai’s economy. The session offered practical insights to help businesses navigate leadership transitions and secure lasting success.
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<Taiwan>
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Target companies:
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Premia TNC August Holiday Notice
August is here — a time to reflect, refresh, and reach for new heights. Let’s embrace the warmth of this month and continue shining brighter than ever before. The journey is just getting started! 🌻☀️
🗞️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]