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Kind regards, Chris Devonshire-Ellis

Since China’s economic reforms in the late 1970s,

Asia’s investment landscape has changed. World

Trade Organization rules and the advent of a

fair global trading system have undoubtedly

contributed to this, as have

regional trade blocs such as

the ten-country Association

of Southeast Asian Nations

(ASEAN).

These developments have

enabled Asia’s place within

global trade tobecomemore

pronounced. Part of this is

driven by demographics, as

large numbers of relatively

low-cost workers come into

the labor pool and can assist

with manufacturing competitive products, both

for the local Asian and overseas markets. Coupled

with this is the region’s growingmiddle class, which

creates a consumer dynamic that is attractive

for foreign investment. As a result, there are now

numerous locations in Asia where a foreign entity

can run a successful business.

In this issue of Asia Briefing Magazine, we have

set out to produce a guide to investing and

establishing a business in Asia, focusing on the

markets of China, India and Vietnam. We begin by

analyzing how investment is

treated in specific industries

across these three countries.

We then take a look at the

investment vehicles that

a foreign business can

select, with an emphasis on

representative offices (ROs)

and liaison offices (LOs).

Finally, we highlight the

various forms of taxation that

a foreign company should be

aware of when entering the

Asian market.

With our experience across Asia, Dezan Shira

& Associates is well positioned to help foreign

businesses expand their operations to anywhere

in the region. We hope that this issue can serve as

a good starting point.

This Month’s Cover Art GoudL154 K. LAXMA GOUD 119.4 x 132.1cm, Gouache on Paper Delhi Art Gallery www.delhiartgallery.com

Introduction

All materials and contents

© 2015 Asia Briefing Ltd.

For queries regarding the content of

this magazine, please contact:

editor@asiabriefing.com

Reference

Asia Briefing and related titles

are produced by Asia Briefing Ltd.,

a wholly owned subsidiary of

Dezan Shira Group.

Content is provided by

Dezan Shira & Associates.

No liability may be accepted for any

of the contents of this publication.

Readers are strongly advised to seek

professional advice when actively

looking to implement suggestions

made within this publication.

Chris Devonshire-Ellis Chairman Dezan Shira & Associates