Shanghai Cooperation Organization Meets in Kyrgyzstan
Sept. 16 – The Shanghai Cooperation Organization (SCO) held its annual summit in Kyrgyzstan last Friday to discuss issues such as how to boost economic cooperation and combat terrorism. The members of the SCO are China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. In addition to its current members, the SCO also has a number of observer […]
Singapore Bourse Attracts Foreign Companies
Sept. 16 – The Japanese firm Xyec Holdings announced plans this month to raise capital on the Singapore Exchange’s (SGX) Catalist board. Xyec, an IT and manufacturing-focused holdings company, will be the first Japanese firm to list exclusively in Singapore, bypassing its own domestic stock market completely. Singapore and other ASEAN countries have increasingly seen […]
Setting Up a Wholly Foreign-Owned Enterprise in China
By Eunice Ku Sept. 13 – A wholly foreign-owned enterprise (WFOE) is a company established in China according to Chinese laws and wholly owned by one or more foreign investors. A WFOE is a limited liability company, meaning that the liability of the shareholders is limited to the assets they brought to the business. Unlike […]
New Issue of Asia Briefing: Work Visa and Permit Procedures Across Asia
In this edition of Asia Briefing Magazine, we outline the specific documents required for foreign nationals working in China, India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, as well as highlight the relevant application processes in each of these countries. Attention is also given to the role of the sponsoring company and the regulations they must adhere to.
Asia Improves International Competitiveness
According to a recent report, Asian countries remain among the most competitive economies in the world due to improving economic conditions and strengthened domestic policies.
Utiliser les Zones de Développement en Chine
Les zones de développement n’ont pas été inventées en Chine, mais la Chine en particulier a rencontré un succès formidable avec cet outil économique. Historiquement, l’environnement économique libéral au sein de ces zones a permis aux entreprises étrangères d’opérer plus confortablement au sein de l’environnement économique chinois. Protégées de la bureaucratie et de la paperasserie […]
BRICS to Set Up a US$100 Billion FOREX Fund
Sept. 9 – Russian President Vladimir Putin has announced that a US$100 billion fund is being introduced as a measure to steady currency markets that have been shaken up by the proposed unwinding of the U.S. monetary stimulus. China will contribute the majority share to the fund at US$41 billion. Brazil, India and Russia will […]
La Cina firma convenzioni fiscali multilaterali per combattere l’evasione
Il 27 Agosto Wang Jun, il direttore dell’Agenzia delle Entrate cinese, ha firmato la “Convenzione multilaterale sulla mutua assistenza amministrativa in materia” (di seguito riportata come “Convenzione”) dell’Organizzazione per la cooperazione e lo sviluppo economico (OCSE) a Parigi, per conto del governo Cinese, a dimostrate l’impegno della Cina a combattere l’evasione fiscale transnazionale (cross border). […]
La Zona di Libero scambio di Shanghai riceve l’approvazione finale
In base a quanto rilasciato dal Ministero del Commercio cinese lo scorso 22 Agosto, la nascita della zona pilota di libero scambio di Shanghai (la prima di questo genere in Cina) è stata ufficialmente approvata dal Consiglio di Stato. Ricoprendo un’area di 28.78 km2 , la nuova zona è costituita dalla combinazione delle seguenti quattro […]
Sourcing From & Selling to India
Sept. 5 – As India’s total merchandise trade tripled from US$252 billion in 2006 to US$794 billion last year, the business of import/export with Indian firms has become much more popular. However, the rising monetary numbers have brought with them an increasing number of legal and administrative reforms and considerations for import/export-related businesses. In this […]