News Across Asia

India's GIFT City Strives to be a More Attractive Global Financial Hub: Latest Developments

GIFT City in Gujarat, an international financial services center, supported by the Indian government, aims to enhance capital inflow and foster fintech innovation. We discuss the establishment of family offices, technology firms, as well as ship and aircraft leasing units, along with foreign university branches in the region.

UAE Clarifies Free Zone Commodity Traders, IP, and Related Party Services Tax Exposure

China 2023 October Economic Roundup: Retail Sales and Factory Output Exceed Expectations

We break down key data points in the China October economic roundup released by the National Bureau of Statistics. The Chinese economy appears to have 'bottomed out' with several indicators outperforming growth expectations. Despite a contraction in export and investment data, there's a silver lining in consumption and services.

Vietnam’s National Program for Increasing Labor Productivity: Key Takeaways

Last week, the Prime Minister of Vietnam approved the National Program for Increasing Labor Productivity to 2030. Here is how Vietnam intends to improve productivity in its workforce.

Production of Russia’s Luxury Aurus Car Begins in UAE

Apostille Convention Officially Takes Effect in China on November 7

China's accession to the Convention simplifies authentication procedures required to use foreign documents for administrative matters in China. The Apostille Convention officially took effect in China on November 7, 2023.

Company Supervisors in China - Obligations, Liabilities and Legal Requirements

Company supervisors play an important role in corporate governance in China and are a requirement for all almost all companies operating in the country.

India’s Commerce Ministry to Soft Launch Updated E-Bank Realization Certificate for Exporters on November 15

The electronic bank realisation certification (eBRC) system has been revamped by the DGFT to enable eBRC generation on self-declaration basis from exporters in India. The BRC is issued by banks to exporters as proof of payment and export.

Indonesia's Social Media E-Commerce Ban: Navigating Regulatory Changes

Indonesia's ban on social media e-commerce transactions will significantly affect key players such as TikTok and their business development.

An Overview of Vietnam’s Environmental Protection Tax

On the books since 2010, Vietnam’s Environmental Protection Tax has been a key pillar of Vietnam’s transition to a cleaner, greener economy. In this article, we break down the key details foreign investors should know.

Applying For A UAE Green Visa: A Step by Step Guide

Refurbished Goods, Vietnam, and the CPTPP: Unpacked

Broadly speaking, Vietnam has been averse to importing secondhand goods. However, this may soon change with refurbished goods clauses in several next-generation free trade agreements. Here’s how local regulations on the import of refurbished goods are shaping up with respect to the CPTPP.