In this week’s Asia’s Investment Brief, we look at residency schemes in ASEAN, minimum wage in Delhi, the Caspian Sea Agreement and Ba Ria’s growing economy in Vietnam.
Hong Kong continues to be a difficult place for foreign investors to open and maintain a bank without adequate preparation. Foreign investors should take time to understand the banking procedures and documents required in order to be successful.
China Briefing compares the minimum, average and white-collar average wage of first tier cities Shanghai, Shenzhen, Beijing and Guangzhou. Read more here
The Chinese government plans to transform the country into 19 city clusters. If these plans are realized, it will lead to a lot of potential opportunities in China’s next phase of urban development.
Value-added tax (VAT) applies to goods and services in China. However, zero-rated transactions and VAT-exempt transactions are two ways in which the taxpayer can benefit from VAT relief.
Read more about Singapore’s rising Fintech sector, India’s Presumptive Taxation Scheme, opportunities in BRI infrastructure, and Vietnam’s tightening market regulations.
The State Council announced that residents of Taiwan, Hong Kong, and Macau (‘THKM’) will no longer require work permits to work in mainland China. These changes cut administrative red tape for THKM jobseekers, and simplify the hiring process for employers.
The Sino-African relationship continues to grow and diversify as China reinforces its role as one of Africa’s closest economic and diplomatic allies, leading to more opportunities for Chinese and African businesses.