By Xu Zhijun
Being dubbed as two of the Asian Four Small Dragons, Hong Kong and Singapore have been in constant competition with each other to be the easiest place to do business. The two rivaling cities have each attracted large amounts of foreign investment over the years with their geographical advantages and open attitude to free trade, as well as strong infrastructure and favorable business policies.
With the rule of law firmly established in both cities, staying in compliance with local regulations is key. Among these is the requirement to file financial statements in accordance with local accounting standards. In an effort to appeal to foreign investors, these standards are largely aligned with internationally accepted standards: the International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB). Continue reading…
Dezan Shira & Associates has published a free, 112 page Guide to the entire ASEAN region, covering the demographics of each of the ASEAN member states in addition to comprehensive details of the China-ASEAN free trade agreement. It also includes case studies that compare manufacturing costs in China with ASEAN.
The India-ASEAN Free Trade Agreement and The Australia-New Zealand Free Trade Agreements are also covered in some detail. This is one of the most in depth guides to Doing Business in ASEAN yet published.
Dezan Shira & Associates took 9 months to research and gather this data. The firm maintains 12 China offices, as well as ASEAN offices in Vietnam and Singapore, and Dezan Shira Asian Alliance offices in Indonesia, Philippines, Malaysia and Thailand and has additional offices in India, the United States and Europe.
The Dezan Shira & Associates “Doing Business in ASEAN” guide may be downloaded on a complimentary basis from the Asia Briefing bookstore here.
Our recent series on China-ASEAN cost comparisons may be accessed here.
Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email firstname.lastname@example.org or visit www.dezshira.com.
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An Introduction to Doing Business in India 2015 (Second Edition)
Doing Business in India 2015 is designed to introduce the fundamentals of investing in India. As such, this comprehensive guide is ideal not only for businesses looking to enter the Indian market, but also for companies who already have a presence here and want to keep up-to-date with the most recent and relevant policy changes. We discuss a range of pertinent issues for foreign businesses, including India’s most recent FDI caps and restrictions, the key taxes applicable to foreign companies, how to conduct a successful audit, and the procedures for obtaining an employment visa.
An Introduction to Doing Business in Vietnam 2014 (Second Edition)
An Introduction to Doing Business in Vietnam 2014 (Second Edition) provides readers with an overview of the fundamentals of investing and conducting business in Vietnam. Compiled by Dezan Shira & Associates, a specialist foreign direct investment practice, this guide explains the basics of company establishment, annual compliance, taxation, human resources, payroll, and social insurance in the country.
An Introduction to Doing Business in China 2015
Doing Business in China 2015 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for companies that already have a presence here and want to keep up-to-date with the most recent and relevant policy changes.
An Introduction to Doing Business in China 2015, now available through the Asia Briefing Bookstore, is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for companies who already have a presence here and want to keep up-to-date with the most recent and relevant policy changes.
Now the world’s second largest economy and long since the most populous nation on earth, China offers enormous opportunities for foreign companies, both as a manufacturing labor pool and increasingly, as a consumer market of seemingly endless potential. Continue reading…
By Andrea Tonini
In China, the Housing Fund is a particular kind of social insurance that stands out from the other types of welfare, both in the way it is regulated and administered. Established in 1999, the fund allows Chinese employees to save money towards purchasing their own house, thus representing one of the means to ensure social security and stability in the country. As with other welfare schemes, the key points of the Housing Fund system are legislated at the national level – Regulations on Management of Housing Provident Fund. However, the regional governments have far reaching autonomy in regulating the Housing Fund in their own jurisdictions, which includes setting the contribution rates. Continue reading…
California is the most populous U.S. state and the third largest state by area. The Golden State owns three of the largest seaports in the world, making it the Pacific Rim’s global gateway and the number one state in the U.S. for attracting foreign direct investment.
California has the world’s eighth-largest economy, overtaking Italy with a GDP of US$ 2.31 trillion in 2014. The state is considered the nation’s leader in industries such as agriculture, computer technology, aerospace technology, film/entertainment industry and tourism.
By Elizabeth Leclaire
Foreign investment in China’s lucrative e-commerce market has again been expanded by China’s Ministry of Industry and Information Technology (MIIT). Complete foreign ownership of e-commerce enterprises, previously accessible only to companies within the Free Trade Zones, is now permitted across the whole of China.
As of Friday, June 19th, 2015, WFOEs involved in online data and transaction processing may own up to 100 percent of company shares. MIIT’s new policy broadly expands foreign investor power, as the previous shareholder cap for foreign investors in e-commerce was limited to 50 percent. Continue reading…
China’s planned Silk Road Economic Belt has generated a great deal of interest since announced several months ago. Yet how realistic are plans to open up Central Asia and create direct links between China and Europe, in addition to the creation of a maritime route taking in South-East Asia? A lot of media commentary has concentrated on infrastructure issues such as high speed trains, and upon the potential financing aspect behind the Asian Infrastructure Investment Bank. Yet in order to truly succeed, pan-Eurasian, formal institutions need to be created to permit formal dialogue, targeted at specific dialogue and development issues. How far has China moved forward with this? Who is involved? In this editorial I examine the institutions behind the Silk Road Economic Belt and the roles they could play in order to allow China’s dreams to reach their goals. Continue reading…
By Kimberly Wright
BookExpo America, the largest book trade event in North America, took place this year from May 27th to 31st in Manhattan, New York. Book traders, however, noted something very different about this year’s event – namely, the delegation of 26 Chinese authors and nearly 500 representatives from 100 Chinese publishing houses that the Chinese government sent to attend the event.
China was invited as an honorary guest to the book exposition, where many speakers called for increased interaction and exchange between the publishing industries in China and the West. For foreign investors looking to break into China’s market for publications and media, this could be an important cue; despite stringent restrictions on the publishing industry in China, there are still many avenues open to investment. Continue reading…