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News Across Asia

Middle East Briefing

China’s Rongsheng Petrochemical and Saudi Aramco Forge Closer Energy Ties with New MoU

01/12/2024

Discussions are ongoing between Saudi Aramco and China's Rongsheng Petrochemical regarding their mutual intent to acquire ownership stakes in each other's subsidiary entities.

Vietnam Briefing

January 14 Heralds End of Economic Needs Test for CPTPP Members

01/11/2024

For years Vietnam’s Economic Needs Test has created a barrier to entry for foreign retail firms looking to establish a presence in the Southeast Asian nation. This is set to change next week for CPTPP member states. Here are the details.

China Briefing

China Implements Five New Measures to Ease Entry for International Travelers

01/11/2024

Starting January 11, China's National Immigration Administration has begun implementing new measures to streamline visa applications and reduce border inspection in order to ease entry requirements for foreign travelers.

China Briefing

Registered Capital in China: A Comprehensive Guide for Foreign Businesses [2024 Update]

01/11/2024

Determining registered capital in China is an essential process for corporate establishment. Here's what foreign companies need to know.

China Briefing

Increasing and Decreasing Registered Capital in China - A Guide for FIEs [2024 Update]

01/11/2024

Changing registered capital in China is a complex procedure, but may be necessary in certain situations. We provide a step-by-step guide to handling the procedures.

India Briefing

Investment Spotlight on Western India: Gujarat vs Maharashtra

01/10/2024

Both Gujarat and Maharashtra offer investors advantages and challenges. The choice of the optimal location depends on various factors such as business goals, sector-specific interests, market prospects, supplier connections, local partnerships, regulatory and financial considerations, and risk tolerance.

China Briefing

Annual Filing of Stamp Tax on Business Account Books before January 15: FAQs

01/10/2024

China taxpayers must complete stamp tax declaration and payment by January 15 if there has been an increase in tax items, such as "paid-in capital" and "capital reserve," in the 2023 business account books.

Vietnam Briefing

Investment Opportunities in Refrigerated Transportation in Vietnam

01/10/2024

Refrigerated transport is in demand in Vietnam on the back of rising interest in imported foods that need to be kept cool. Here’s where foreign firms should think about investing.

ASEAN Briefing

Singapore Cybersecurity Draft Amendment Bill: Public Consultation Ends Jan. 15

01/10/2024

The Cyber Security Agency (CSA) of Singapore is seeking views on the draft Cybersecurity (Amendment) Bill until January 15, 2024. We list key threats that are being addressed by the Bill.

Middle East Briefing

UAE Criteria to Determine Natural Persons Subject to Corporate Tax

01/10/2024

We discuss the applicability of corporate tax on natural persons in the UAE, that is individuals conducting a business or business activity, as well as key exemptions.

Middle East Briefing

The UAE F&B Market: Opportunities for Businesses

01/10/2024

The UAE's F&B market, the Gulf's second-largest after Saudi Arabia, thrives on consumption driven by an affluent local population, large expat presence, and the country's role as a regional commercial hub attracting millions of global visitors yearly.

Middle East Briefing

Dubai Ban on Single-Use Plastic Bags Began on January 1

01/10/2024

Dubai has introduced a phased ban on single-use products in its market, starting with single-use plastic bags from January 1, 2024. We list key details for businesses to pay attention to for compliance.

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