如何判断在中国开展的业务是否需要许可证、事先批准或特定登记？ 这些是适用于外国企业和中国企业的一般规则。 1. 检查“负面清单” 这是第一步，也是最重要的一步。 中国发布针对外商投资的负面清单，将活动分为三类： 禁止外资进入 → 无法取得许可证（如媒体、部分国防相关行业）。 限制类 / 需特别批准 → 需要政府事先审批（部委、发改委等）。 开放类（未列入清单） → 可自由进入，但仍可能需要行业许可证。 如果活动在负面清单中，程序会更复杂。 2. 检查行业监管规定 中国每个行业都有主管部门和对应的许可要求。 示例： 金融 → CBIRC / PBOC → 金融许可证 电商 / 互联网 → MIIT → ICP许可证、ICP备案 教育 → MOE → 办学许可证 食品 / 健康 → SAMR、NMPA → 卫生及产品许可 物流 → MOT → 运输许可证 进出口 →…
供应商发票及费用报销的正式要求，以回收增值税 (VAT) 并允许在损益表中扣除 背景 在菲律宾，妥善的文件是享有费用税务扣除及回收增值税 (VAT) 的必要条件。 供应商发票 要有效，基本的开票要求（“VAT 发票”）必须包含： 供应商名称、地址及 TIN（并附“VAT”字样）、 买方名称、地址及 TIN（超过一定门槛）、 商品或服务的详细描述、数量及价格、 净额、VAT 金额（需单独列示）及总额、 交易日期、 经 BIR 授权的序号（底部需印有 ATP、许可号或 AC 号）。 若缺少上述信息，则无法申报进项 VAT，且该费用不可扣除。 费用报销与补偿 商务费用（差旅、餐饮、住宿、交通）可扣除，前提是： 提供有效发票、 有支持文件（机票、酒店发票等）、 费用已正确入账。 日津贴仅在符合 BIR 规定且有充分文件时可扣除。 ✅ 重点提示 确保您的供应商已登记为 VAT 纳税人、 要求合规发票、 对费用报销实施严格内部控制、 为可能的 BIR 审计做好准备。 总结 遵守文件要求是确保税务扣除及可申报进项 VAT 的关键。 数字服务的增值税 (VAT) 对数字服务供应商 (DSP) 在菲律宾提供或交付的数字服务所产生的总销售额，将征收 12%…
背景 在菲律宾，税务局（BIR）越来越关注税务申报（增值税、预扣税、公司所得税）与提交给证券交易委员会（SEC）的经审计财务报表之间的一致性。 重点稽查领域 增值税申报收入 vs. 财务报表中的销售额 需预扣税的费用 vs. 记录的经营费用 公司所得税（CIT）申报金额 vs. 经审计净利润 第四年起最低公司所得税（MCIT）的正确适用 三年内净经营亏损结转（NOLCO）的正确应用 文件印花税 vs. 董事借款安排及资本化 收入和费用申报需有充分且适当的支持证据 账簿需正确、完整并保持更新 ⚖️ 涉及风险 若差异无合理解释，可能导致税务调整 少报税款将面临罚款及利息 若不一致情况反复出现，可能引发欺诈嫌疑 若怀疑隐匿，追溯期可能延长 ✅ 最佳实践 系统性地对账税务申报与财务报表 记录合法差异（会计调整 vs. 当地税法） 制定税务对账日程表 培训会计人员了解一致性要求 与审计师密切合作，提前应对税局检查 保留所有申报交易的充分且适当的支持文件 及时掌握最新税局发布的法规 总结 文件一致性是降低税务评估风险的关键。全面对账会计与税务数据可保障企业的税务合规。 #外包 #菲律宾外包会计服务 #外包后台服务 #投资菲律宾 #会计外包 #菲律宾外包财务服务 #后台外包服务 #投资菲律宾
出口销售发票符合增值税免税的正式要求 背景 在菲律宾，货物与服务的出口销售可享受增值税零税率，但必须符合税务局（BIR）的严格要求。 发票要求 要符合增值税免税，出口销售发票必须： 以外币（美元、欧元等）开立， 清楚注明为出口销售（零税率）， 包含所有必要细节（客户姓名、地址及税号如适用、货物/服务描述、金额、零税率）， 标明交易日期， 符合 BIR 核准的发票编号顺序（底部需印有 ATP、许可号或 AC 号）。 外币收款 免税仅在以下情况下有效： 付款必须通过授权银行以外币收取， 必须有入账证明（银行入账证明书）， 出口收入需正确记录在账簿中。 支持文件 公司必须保存： 商业合同或客户的采购订单， 海关文件（提单、出口报关单等）， 银行对账单以确认外币收款， 符合 BIR 要求的出口销售发票。 关键要点 发票必须完全以外币开立， 收款必须通过授权银行， 发票需明确标示零税率， 保存所有商业、银行及海关文件。 总结 享受增值税免税的核心在于两个条件：以外币开立发票并以外币收款，且需备齐完整合规的文件。 #外包 #菲律宾外包会计服务 #外包后台服务 #投资菲律宾 #会计外包 #菲律宾外包财务服务 #后台外包服务 #投资菲律宾
选择净所得税 (CIT) 或最低公司所得税 (MCIT) 背景 在菲律宾，公司须缴纳 25% 的公司所得税（CIT），某些中小企业（SMEs）则为 20%。然而，自企业开始营业后的第四个纳税年度起，还可能适用 2% 的最低公司所得税（MCIT）。 每年，公司必须比较两种税额： – 按净应税所得计算的 CIT， – 按总收入计算的 MCIT， 并支付两者中较高者。 净所得税 (CIT) – 以扣除费用与折旧后的净应税所得为基础计算； – 税率：所有来源净所得的 25%； – 对于总资产不超过 1 亿菲律宾比索且净应税所得不超过 500 万菲律宾比索的公司，税率为 20%； – 可结转净营运亏损（NOLCO）至未来连续三年内抵减所得。 最低公司所得税 (MCIT) – 按总收入的 2% 计算； – 总收入定义为“总销售额减直接成本”； – 自营业第四年起适用； – 不允许扣除经营费用。 如何提前规划 当企业有稳定利润和正净利率时，CIT 较为有利。 当利润微薄或为零但仍有营业收入时，则可能适用 MCIT。 菲律宾税务局（BIR）会自动征收两者中较高的金额。 策略与建议 -…
背景 在菲律宾，每家公司每年都必须向当地政府单位（LGU）申请营业执照（市长许可证，Mayor’s Permit）。该执照费用是根据公司申报的**总收入（gross revenue）**按比例计算的：收入越高，费用越高。 计算方法 依据：季度增值税申报表（VAT return）中申报的总收入； 百分比：根据城市/市镇及业务类型不同而有所差异； **重计费（rebilling）**的成本可能会人为地增加收入，从而提高营业执照费用。 风险 若将重计费计入收入，可能导致不必要的额外成本； 若与财务报表不一致，可能在LGU审计中出现问题； 若计算方式存在争议，可能引发纠纷。 最佳实践 分析收入结构，区分真实收入与重计费项目； 对集团内部交易做好文件记录； 避免人为夸大申报收入； 确保LGU申报数据与审计财务报表一致； 咨询本地税务顾问，以优化收入申报。 总结 营业执照费用直接取决于申报的收入。对重计费的合理管理有助于降低此成本并确保合规。 Opko Finance是一家总部位于亚洲、由法国籍管理者创立的会计与外包服务公司。 我们协助初创企业、中小企业、创业者及大型企业子公司，通过在菲律宾等亚洲及中东最佳商业中心的外包解决方案，更快、更高效、以更少的资源建立并发展业务。 如需了解有关菲律宾单人股份公司（One Person Corporation）注册的更多信息， 请联系我们的团队： info@opkofinance.com #外包服务 #菲律宾外包会计 #后台外包服务 #投资菲律宾
The Asian countries are strengthening their leadership’s position in the World Economy 15 major countries of the Asian continent including China, Japan, Australia, New Zealand, South Korea as well as the members of ASEAN, countries covering more than 30% of the world population, have just signed an agreement of free trade. While Western countries are stuck…
The ASEAN zone is an attractive market for the development of European Companies The third largest economic block in the world, the Southeast Asia and Oceania zone offers new opportunities. This region represents a market with great potential, despite the health crisis affecting the world economy to develop the attractiveness of Europe. What is the…
What consequences of the new tax incentives implemented by the Australian government on the work load of Australian accounting firms ? More than half of all accounting practices surveyed (*) said they have seen an increase in workload, the highest across all industries. “As an accountant in practice, I am absolutely deluged by client queries…
The incubation of French Medtechs in Asia, a key development factor in the face of changing European Regulations A recent article published in Le Figaro discusses the impact of the new European regulations, which will come into force in 2021. “It’s a regulatory tsunami!” Stéphane Régnault, vice-president of Snitem, which brings together 480 French manufacturers…
Do you need to hire a Remote Personal Assistant ? If you are so busy that you can’t fit everything into your working day, then you need a remote personal assistant in the Philippines. Even if you can get everything done, but you are so tired that you have no energy left to relax with…
How to Boost Productivity & Lower Costs with a Flexplace Working Environment? Did you know that more than 60% of workers support a flexplace working environment? With this arrangement, employees no longer need to work exclusively from the office, but instead are able to work remotely. This arrangement can also be called telework, telecommuting, work…
Health care BPO Services: Increase your Revenue with Medical Billing Outsourcing Whether you are a general practitioner, medical specialist or surgeon, Healthcare BPO (Business Process Outsourcing) is designed to optimize your practice’s financial efficiency. Medical billing outsourcing in the Philippines is a growing industry, simply because it’s such a demanding and challenging task for many…
Should You Outsource? There are a great number of potential benefits of outsourcing, such as cost and efficiency savings; staffing, financial and operational flexibility; and freedom to focus on core activities. But ultimately each business owner or manager must assess their own individual situation and decide if the benefits outweigh the risks of ceding control…
Three Reasons A Remote Recruiter Can Help Your Business Save Money With working from home becoming a much more viable option for many employees, it’s not much of a stretch to hire a remote recruiter. Essentially, an OPKO Finance recruiter takes over the recruitment processes for your company, finding and interviewing candidates using the internet…
Offshore Staffing in the Philippines- Why is it better than hiring locally? FIND & RETAIN THE BEST POSSIBLE PEOPLE AT THE BEST PRICE People are the most important asset a company has and one of the biggest challenges you are probably facing is how to find and retain the best possible people at the best…
How Outsourcing Jobs Creates more Local Jobs? Does offshore labor hire take jobs away from locals or does it actually help to create more jobs for local Australians in the long-term? A survey conducted by the Australian Business Process Outsourcing Association, found that 45 to 65 percent of Australian organizations outsource some business processes. The reasons? In…
Hong Kong, the new hub for Tech companies & Start up Until recently, Hong Kong was not well developed in Technology area. Yet, Investment in technology companies and start is key factor of development of Hong Kong as International hub. Thanks to the HKSTP, it is now done. The support and programme by HKSTP (Hong…
How to enjoy from tax advantages with the “inpatriate” status when return to France? When an individual moves to France and resides in that country permanently, he will, in normal circumstances, also become a French tax resident and be liable to pay tax on worldwide income (“Impôt sur le revenu” – IR) to the French…
Are Companies Leaving China? A recent survey from the American Chamber in China shows that companies are not packing up and leaving China. Indeed, over 70% of respondents say they have no plans yet to relocate production and supply chain operations or sourcing outside of China due to COVID-19. Companies have been reassessing their supply…
Hong Kong, the ultimate hub for entering the Chinese Market Hong Kong is renowned for being one of the best places to develop internationally, especially in Asia, thanks to its administrative simplicity and its low level of taxation. Hong Kong is the gateway par excellence to enter mainland China because of the role devolved to…
How can your company benefit from our BPO solutions in Philippines? In the Philippines, BPO (Business Process Outsourcing) can be a great benefit to any company that requires skilled staff for labour intensive tasks. BPO process outsourcing frees your senior and in-house staff from a wide range of administrative tasks and allows to refocus on…
Tax consequences of travel restrictions on the territoriality incomes for foreign companies Due to the COVID-19 pandemic, some managers, Director or employees of foreign companies are obliged to work remotely from France during the travel ban period. This unprecedented situation raises the question of whether the presence in France of these key managers and employees…
The incubation of Startup, SME and Technology companies in Asia, a key factor of development At OPKO Finance; we help Start Up, SME, Technological companies to incorporate their structure in the best hubs in Asia and provide outsourcing services at a limited costs thanks to our off shore office based in Philippines. The advantages of…
How outsourcing solutions in Philippines can help the Accounting firms to reduce the burden of answering queries to their customers during the COVID 19 period with a dedicated customer service team ? Too often, outsourcing services in Philippines is considered simply from the cost efficiency point of view. AT OPKO Finance, we consider that our…
Confinement and tax residence in France: risks for non-residents In response to the progression of COVID19, a number of governments have put in place confinement measures to prevent the free movement of people. To this was added the slowdown or even the stopping of air traffic limiting or blocking foreigners outside their home. Some non-residents…
Philippines, Hong Kong launch free-trade pact Philippines and Hon Kong S.A.R. have decided to work together, enacting the Philippine component of the Free Trade Agreement (FTA) and Investment Agreement (IA) between Hong Kong and the Association of Southeast Asian Nations (ASEAN), which took effect on 12 May. Under the FTA, the Philippines will progressively eliminate…
Three Reasons a Remote Project manager is a solution for Business Three Reasons a Remote Project Manager is a solution for Business May 6, 2020 1. You are a small business with few employees Start-ups and SME companies don’t have enough in house resources to dedicate one staff member to the position of project manager. In…
Why Set Up company in Hong Kong? Why Set Up company in Hong Kong? May 6, 2020 Hong Kong is a gateway to Mainland China and the rest of Asia Hong Kong is a special administration region of China Basic Law – One Country, two System Common law jurisdiction, Low and simple tax system Welcoming…
Why Hire Remote Staff and Outsource Your Business to The Philippines? Why Hire Remote Staff and Outsource Your Business to The Philippines? May 6, 2020 Two of the biggest limitations when you are trying to grow and expand a business are operational costs and finding the right staff. If you outsource to the Philippines however,…
Introduction of SME Financing Guarantee Scheme There are SFGS (SME Financing Guarantee Scheme) 100%, 90% and 80% Guarantee Products. Below is table for 90% and 80%: There are SFGS 90%, There are SFGS 80% Target Enterprises SME and non-listed Eligible Enterprises Business with less operating experience and Professionals seeking to set up their own practices…
Human Resources Crisis Management Experience Sharing in Hong Kong How to prepare, face and take action for the COVID-19 crisis: When they notified for COVID-19 in the end of January, some of our clients immediately took actions, such as meeting with senior managements of all departments, collect questions from them, then prepare the answers and…
Incentives from the Government of Hong Kong S.A.R. It’s been quite a challenging time for all. We just want to drop you a quick information on which of the Government support measure recently introduced to-date that could benefit the Companies: The Government will provide wage subsidy to eligible employers to retain the latter’s employees. Employers…
Incentives from the Government of Singapore Incentives from the Government of Singapore April 8, 2020 It’s been quite a challenging time for all. We just want to drop you a quick information on which of the Government support measures1 introduced to-date could benefit the Company: 75% Government co-funding of up to S$4,600 of each local…
SME Financing Guarantee Scheme The 90% Guarantee Product under the SFGS has been introduced in December 2019 and the Product remarks as below: Risk Sharing Factor for 90% Annual Guarantee Fee Rates for borrowers with business operation history more than three years: Up to 0.36% of the loan amount Maximum Facility Amount up to HK$6…
Beijing to legalise ‘theft’ of Aussie business secrets From the Australian Newspaper dated 10 December 2019 Australian companies operating in China will have to allow Chinese government access to their encrypted data, risking their trade secrets being shared with domestic competitors. New “cyber-security” laws coming into effect in January will require every business, including foreign-owned…
What Solutions to Find and Retain Talents Yellow vest, Protest… you face difficulties to find and retain talents? December 18, 2019 Through its BPO center in Philippines, OPKO Finance provides full scope of outsourcing solutions to help its clients to focus on their core business. Outsourcing your back office operations (accounting, payroll services, sales administration,…
New requirements in Dubai and all other Emirates in UAE New requirements in Dubai and all other Emirates in UAE October 8, 2019 It is mandatory from the 1st July 2015 to maintain the books of accounts under the UAE Company Law and VAT Law. Under the article 26 of the Federal Law of 2015…
Hong Kong versus Singapore as regional headquarter base in Asia Hong Kong versus Singapore as regional headquarter base in Asia Sept 26, 2019 Hong Kong as a hub for global finance and a wonderful gateway to the Chinese market: Despite talk of the region’s decline, Hong Kong remains the exceptional gateway to access to the…
OPKO Finance Invests in Education and Learning Aug 8, 2019 Our CEO, Mr. Marc-Olivier LEVY, was invited on the 7 august 2019 by the South Western University of Cebu to share his experience in Financial management practices in Europe, Americas and Asia with students of Bachelor’s degree. It was decided in collaboration with the South…
Why Outsourcing your accounting, Payroll and other administrative services in Philippines Why Outsourcing your accounting, Payroll and other administrative services in Philippines July 9, 2019 Outsourcing our accounting, payroll services and administrative services Traditionally, accounting, payroll and administrative management have been in-house activities. However in the recent past, many organizations have seen the benefits…
Doing Business in Vietnam Doing Business in Vietnam July 4, 2019 Vietnam has become an attractive investment destination for various industries such as construction, manufacturing, real estate, energy, retail, tourism and other services. We have draft below a summary on the main information from legal and tax point of views. The Different forms of investment…
The incubation of your start up in Asia, a key factor of your development: Hong Kong is one of the best places to enter an international market, especially in Asia and enjoy a limited administrative duties with low level of taxation. The location, a political environment and economy that are trustworthy, a direct access to…
Set up a company in China China enjoys a strong economic growth since 40 years. China is very challenging in term of business opportunities for foreigners, either to source products locally, either to sale or manufacture products and/or Services. There are different forms of incorporation in China: WOEFE, Equity Joint Venture, Partnership, Representative office, The…
THE NEW IIT REFORM IN CHINA On the 01 January 2019, the new IIT system is fully implemented, with transitional period for certain preferential policies provided. The main changes are as follows: It adopts a 183-day test to determine the China tax residency, under which a foreign individual who has no domicile, but resides in…
VAT Rates in China Lowered China will lower its value-added tax (VAT) rates as part of an RMB 2 trillion (US$298.3 billion) cost cut package, as the government seeks to reduce costs for businesses amid a Slowing economy and tariff dispute with the US. The announcement was made by Premier Li Keqiang on March 5…
Why Outsourcing your accounting, Payroll and other administrative services? Outsourcing our accounting, payroll services and administrative services Traditionally, accounting, payroll and administrative management have been in-house activities. However in the recent past, many organizations have seen the benefits of outsourcing this crucial role to businesses that specialize on the same. So what benefits are you…
Set up a company in China China enjoys a strong economic growth since 40 years. China is very challenging in term of business opportunities for foreigners, either to source products locally, either to sale or manufacture products and/or Services. There are different forms of incorporation in China: • WOEFE; • Equity Joint Venture; • Partnership;…
The incorporation of your company in Hong Kong within 3 days As company secretary registered in Hong Kong, we can proceed to the E incorporate of your company in a very short timeframe. To proceed, we need to get the following information : Collect all information for incorporate a Limited company, such as shareholding and…
The Advantages of setting up a business in Hong Kong Hong Kong is one of the best places to enter an international market, especially in Asia and enjoy a limited administrative duties with low level of taxation. p style=”color: #2c2c2c; text-align: justify; font-family: Montserrat; font-weight: 100; font-style: Normal; font-size: 20px; line-height: initial; padding-bottom: 2%;”>The location,…
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Our staff in Asia are trained to use different accounting softwares. We can record your operations of your hongkong and Chinese companies either on our owned software or either directly on your server by a secured VPN remote connexion. We can use SAGE, Navision, SAP Business One, Sage, Xero, I Trader. Our staff have strong…
New Personal Income Law in China – The New personal income law in China Sept 7, 2018 On August 31, 2018, the second draft of the Individual Income Tax Law was passed. The new law makes significant amendements concerning the calculation, the enforcement of individual income tax (IIT) in China as well as the principle…
China to Shorten Business Registration and Construction Project Approval Processes China to Shorten Business Registration and Construction Project Approval Processes May 28, 2018 On May 2, China’s State Council declared plans to shorten the business registration process for newly-established companies from 20 days to 8.5 days and to reduce the approval time for construction projects…
Hong Kong Companies Registration of Beneficial Owners Hong Kong Companies Registration of Beneficial Owners May 25, 2018 Hong Kong companies must record their beneficial owners starting 1 March 2018 The proposed presentation of standards requiring Hong Kong companies to monitor their beneficial owners by maintaining a ‘significant controllers register’. The new rules which amend the…
China-Germany Relations: Opportunities Emerge as Investment Ties Grow China-Germany Relations: Opportunities Emerge as Investment Ties Grow May 24, 2018 In 2017, China kept up its spot as Germany’s biggest trading partner for the second successive year. The two nations moved to a full strategic partnership in 2014 and have since profited from investments in the…
China’s FTA with the EAEU Will Improve Market Access, EU Transhipments China’s FTA with the EAEU Will Improve Market Access, EU Transhipments May 23, 2018 China signed a free trade agreement (FTA) with the Eurasian Economic Union (EAEU) today in Astana, Kazakhstan, as indicated by us would happen prior in the week. Early reports recommend…
Company Relocation and Land Appreciation Tax in China Company Relocation and Land Appreciation Tax in China May 23, 2018 Environmental protection is an increasing priority for China’s government. Since 2016, the Central Environmental Inspection Group has been getting serious on heavy polluters – especially in North China – and punishing firms that are rebellious with…
China to Simplify Business Registration for Foreign Investors China to Simplify Business Registration for Foreign Investors May 22, 2018 China will simplify business registration procedures for foreign-invested enterprises in an offer to encourage foreign investment, Premier Li Keqiang declared after a State Council meeting on May 16. The measures, which will go live on June…
Corporate Taxes in the Philippines Corporate Taxes in the Philippines May 22, 2018 In the Philippines, all businesses – domestic or foreign – are responsible to pay corporate income tax (CIT). The tax liability for a corporation is determined by its residency status and depends on the net income it acquires while doing its business…
Hong Kong’s Advance Pricing Arrangement Program Hong Kong’s Advance Pricing Arrangement Program May 21, 2018 When combined with aggressive tax planning, Hong Kong’s onshore-offshore tax regime frequently brings about a decreased tax burden for taxpayers that work through Hong Kong companies by pricing intra-group transactions. This has prompted heightened transfer pricing investigation from the Hong…
IP Protection in the Philippines’ Food and Beverage Industry IP Protection in the Philippines’ Food and Beverage Industry May 21, 2018 The Philippines’ rapidly developing food and beverage (F&B) industry is one of the greatest contributors of the country’s economy making up about portion of its manufacturing sector and contributing around 23-24 percent of the…
Withholding Corporate Income Tax in China Withholding Corporate Income Tax in China May 15, 2018 In China, withholding Corporate Income Tax (CIT) is applied to the following China-sourced incomes derived by non-resident enterprises without establishments in China, or to that derived by non-resident enterprises with establishments in China yet whose wage isn’t identified with these…
Hong Kong Enacted Legislation for a Two-tiered Profits Tax Rates Regime Hong Kong Enacted Legislation for a Two-tiered Profits Tax Rates Regime May 18, 2018 Inland Revenue (Amendment) (No.3) Ordinance 2018 for presenting a two-layered benefit assess rates administration was authorized on 29 March 2018. The two-tiered profits tax rates regime will be effective from…
China to Cut US$9.5 Billion in Taxes for Small and Micro Enterprises, High-tech Firms China to Cut US$9.5 Billion in Taxes for Small and Micro Enterprises, High-tech Firms May 15, 2018 On April 25, the State Council reported that China will cut more than RMB 60 billion (US$9.5 billion) worth of taxes for little and…
F&B sector battered by exits in 2017 F&B sector battered by exits in 2017 May 15, 2018 A whirlwind of restaurants caved under mounting competition from international brands. In the event that there is anything that Hong Kongers are getting used to, it is the pain of seeing their newest most loved eating spot close…
China’s Reduced VAT Rates China’s Reduced VAT Rates May 15, 2018 China recently lowered its value-added tax (VAT) rates, as part of an RMB 400 billion (US$64 billion) tax cut package. The Ministry of Finance (MOF) and the State Administration of Taxation (SAT) recently released the Circular about Adjusting the Rates on Value-added Tax, which…
China to Establish Hainan Free Trade Zone China to Establish Hainan Free Trade Zone May 15, 2018 Chinese President Xi Jinping has declared plans to change the whole southern island region of Hainan into a free trade zone (FTZ). As indicated by a guidance issued by the Communist Party and the State Council, China plans…
Enforcement of Foreign Awards in China: 5 Mistakes You Should Avoid Enforcement of Foreign Awards in China: 5 Mistakes You Should Avoid May 15, 2018 Since 1987, the United Nations Convention on Recognition and Enforcement of Foreign Arbitral Awards (recognized as “New York Convention”) has the strength of law in China, which has perceived and…
China’s Inbound and Outbound FDI Goals China’s Inbound and Outbound FDI Goals November 24, 2017 Foreign direct investment (FDI) in China has changed essentially as wages proceed to rise and the nation’s economy develops from a heavy manufacturing base to one drove by consumption and services. Foreign investors are adopting a warier strategy to investing…
Hong Kong International Film & TV Market (FILMART) Hong Kong International Film & TV Market (FILMART) November 21, 2017 The Hong Kong International Film & TV Market (FILMART) is the annual entertainment market organized by the Hong Kong Trade Development Council (HKTDC). It will take place during March 19-22, 2018 at Hong Kong Convention &…
Business of IP Asia Forum Business of IP Asia Forum November 20, 2017 Following its success last year, the BIP Exhibition will be staged again in 2017, offering you an ideal platform to promote your products and services to over 2,500 participants from all over the world. Jointly organised by the HKSAR Government, Hong Kong…
DesignInspire DesignInspire November 17, 2017 DesignInspire, to be held on 7-9 December, 2017, an international exhibition about creativity, partners with the Business of Design Week (BODW) to stage an exchange and inspiring platform for global creative elites, design brands, design associations and institutes to showcase their creativities. An array of interactive installations, novel ideas, design…
SmartBiz Expo SmartBix Expo November 16, 2017 The SmartBiz Expo, to be held on 6-8 December 2017, will be a one-stop platform for enterprises, particularly small- and medium-sized enterprises (SMEs), to explore trends in business transformation through innovation, creativity, application of technology and design, business-support services, and market opportunities. The debut HKTDC SmartBiz Expo is…
JMA Hong Kong (Hong Kong International Jewelry Manufacturers’ Show) JMA Hong Kong (Hong Kong International Jewelry Manufacturers’ Show) November 15, 2017 JMA Hong Kong, organized by Hong Kong Jewelry Manufacturers’ Association, comes to its 25th edition, receiving overwhelming response from industry. This cash & carry exhibition offers wholesalers and retailers a flexible trading platform to…
Cosmoprof Asia 2017 Cosmoprof Asia 2017 November 14, 2017 Cosmoprof Asia is the leading business-to-business beauty trade show in the Asia Pacific region. The show is not open to general public. If you are one of the following you are strongly encouraged to attend this show:Beauty Salons & Spa, Manufacturers, Distributors / Wholesalers / Agents,…
Doing Business in the Philippines DOING BUSINESS IN THE PHILIPPINES November 8, 2017 GENERAL INFORMATION The Philippines is an archipelagic state located in the heart of the Asia-Pacific region. It lies between the South China Sea and the Pacific Ocean. It consists of more than 7,107 islands divided into the Luzon, Visayas and Mindanao island…
Hong Kong’s goods exports up 5.4% Hong Kong’s goods exports up 5.4% October 20, 2017 Volume of goods re-exports edged up 5.6%. The volume of Hong Kong’s total exports of goods increased 5.4% year-on-year in August, the Census & Statistics Department announced. The volume of goods re-exports increased 5.6% compared to the same period last…
Funds raised by Hong Kong IPOs down 37% to $85.7b Funds raised by Hong Kong IPOs down 37% to $85.7b October 20, 2017 But the number of IPOs increased 52% to 114. Hong Kong stays over the initial public offering (IPO) scene with the quantity of arrangements in the first three quarters of 2017 up…
中國簡報 China Information 中國簡報 China Information October 20, 2017 經貿資訊Economics and Trade Information 1. 《關於調整藥品註冊受理工作的公告（徵求意見稿）》公開徵求意見Public Consultation on Notice Concerning Adjustments to the Work related to the Acceptance of Registration of Drugs (Consultation Draft) 食品藥品監管總局於2017年9月12日就上述《徵求意見稿》公開徵求意見，截止日期至2017年10月12日。主要內容包括：(a) 調整範圍凡由總局審評審批的註冊申請均由總局受理，如新藥臨床試驗申請、新藥生產（含新藥證書）申請、仿製藥申請，總局審批的補充申請以及與國產藥品註冊申請關聯申報的藥包材、藥用輔料申請等；以及(b) 上述調整自2017年12月1日起實施，藥品註冊申請可採取電子申報、郵寄或現場提交的方式提交申報資料，同時提交紙質文本和電子文檔。2017年12月1日前，省級食品藥品監管部門已簽收資料但尚未受理的註冊申請，仍由省級食品藥品監管部門組織完成受理、現場核查、生產現場檢查及抽樣等相關工作等。詳情請參閱以下網址：http://www.sda.gov.cn/WS01/CL0778/177416.html 2. 《國務院辦公廳關於進一步激發民間有效投資活力促進經濟持續健康發展的指導意見》Guiding Opinions of the General Office of the State Council on Further Stimulating Private Investment and Promoting Sustainable…
European Union in Visayas, Philippines Market European Union in Visayas, Philippines Market September 22, 2017 Organized by European Chamber of Commerce in the Philippines (EU), the European delegation headed by Ambassador Franz Jessen was in Cebu to open up doors for businesses in the Visayas to exploit the 510 million buyers in the EU. As…
How to set up a company in Hong Kong: Requirements for Incorporation of a Limited Company in Hong Kong How to set up company in Hong Kong: Requirements for incorporation of a limited company in hong kong September 18,2017 A Limited Company is the most commonly-used company type in Hong Kong. This form of company…
Philippines organized 49th ASEAN Economic Ministers’ Meeting Philippines organized 49th ASEAN Economic Ministers’ Meeting September 13,2017 ASEAN Economic Ministers (AEM) assembled last September 7, 2017 in Pasay City, Philippines, for the 49th AEM Meeting and Related Meetings, which was held from 7 to 11 September. The ministers paid a courtesy call on Philippine President Rodrigo…
Tax Incentives for High and New Technology Industries in China additionally upgraded and explained Tax Incentives for High and New Technology Industries in China additionally upgraded and explained September 11, 2017 Under the China Enterprise Income Tax (“EIT”) Law, a resident enterprise may appreciate Research and Development (“R&D”) super deduction incentive, for example, deduct 150%…
OPKO Finance est une société d’expertise comptable basée à Cebu, Hong Kong, Paris, Shanghai et Singapour. Nous accompagnons les dirigeants de PME/PMI, d’ETI dans leur développement tant sur leur marché domestique ainsi qu’à l’international. Nous les aidons à dynamiser la gestion de leur entreprise, et de les conseiller dans l’organisation des fonctions administratives et financières. A…
GOLDEN OPPORTUNITIES IN CHINA’S JEWELRY MARKET GOLDEN OPPORTUNITIES IN CHINA’S JEWELRY MARKET August 22,2017 China’s Jewelry Market : the jewelry market in China is a growing market in the country. The sector does not meet any standards known to our Western countries regarding design, trends, varieties, and raw materials, which is an opportunity to innovate…
Banking system credit growth to outpace nominal GDP growth in 2017 Banking system credit growth to outpace nominal GDP growth in 2017 August 11, 2017 Expect a further increment in corporate and household obligation. Despite the fact that Hong Kong’s systemwide credit development was modest all through the greater part of 2016, loan demand climbed…
Hong Kong eyes tax incentives new businesses and SMEs Hong Kong eyes tax incentives new businesses and SMEs August 10, 2017 It is staying competitive against regional opponents. A South China Morning post report by Nikki Sun said little and medium-sized business in Hong Kong can anticipate more tax incentives as the administration tries to…
WHY IS WECHAT SUCCESSFUL FOR YOUR BUSINESS IN CHINA? Why is WECHAT SUCCESSFUL FOR YOUR BUSINESS IN CHINA? August 9, 2017 The ascent of WeChat has been all around reported with the application definitely the most talked element with regards to planned prospective clients enquiring about marketing services in China. It is surely an entrancing…
China Work Permits: Would you say you are an A, B, or C Level Talent? China Work Permits: Would you say you are an A, B, or C Level Talent? July 26, 2017 China’s new work permit framework for foreigners was taken off across the nation on April 1 this year. Under the new structure,…
Les modalités de la TVA en France et en Union Européenne pour une société étrangère (Ventes B to B, Internet, Amazon) Les modalités de la TVA en France et en Union Européenne pour une société étrangère (Ventes B to B, Internet, Amazon) Importation de biens dédouanés en France • La TVA sera due à l’importation.…
Hong Kong Remains the Hedge Fund Hub of Asia Hong Kong Remains the Hedge Fund Hub of Asia As per AsiaHedge’s most recent study, total assets under administration (AUM) in the Asia Pacific hedge fund investments industry kept on achieving new high in 2016. The study demonstrates that starting at 31 December 2016, hedge fund…
The Securities and Futures Commission Consults on New Guidelines on Online Distribution and Advisory Platforms The Securities and Futures Commission Consults on New Guidelines on Online Distribution and Advisory Platforms July 13, 2017 The Securities and Futures (SFC) propelled a three-month discussion on planned Guidelines on Online Distribution and Advisory Platforms, asking for remarks by…
Insurance Authority Replaced Office of the Commissioner of Insurance Insurance Authority Replaced Office of the Commissioner of Insurance July 13, 2017 To line up with global practice that financial regulators ought to be monetarily and operationally free of the Government, the Insurance Authority (IA) has substituted the Office of the Commissioner of Insurance (OCI), an…
BOND CONNECT AMONG MAINLAND AND HONG KONG Bond Connect among Mainland and Hong Kong July 12,2017 The People’s Bank of China and the Hong Kong Monetary Authority made a joint declaration on 16 May 2017 on their endorsement for the important Mainland and Hong Kong financial infrastructure organizations to work together in setting up mutual bond…
3 in 10 Hong Kong employers won’t give pay rises in 2017 3 in 10 Hong Kong employers won’t give pay rises in 2017 December 17, 2016 Only 1 in 3 employees will get up to 5% increase. A greater number of Hong Kong workers can anticipate pay increase in 2017, as per new research,…
Kowloon East overtakes Wanchai/Causeway Bay as city’s second largest office market Kowloon East overtakes Wanchai/Causeway Bay as city’s second largest office market November 28, 2016 The Goldin Financial Global Center considered fundamentally. Kowloon East has surpassed Wanchai/Causeway Bay to become the city’s second biggest office advertise base on floor space. As reported by a statement…
Obtaining China’s New Unified Foreign Work Permit Obtaining China’s New Unified Foreign Work Permit November 25, 2016 On November 1, 2016, China’s State Administration of Foreign Experts Affairs (SAFEA) introduced the new unified work permit in select districts nationwide. The constrained release targets the districts of Beijing, Shanghai, Tianjin, Anhui, Guangdong, Hebei, Shandong, Sichuan, and…
China’s New Related Party Transaction Reporting Regulation: Implications for Annual Audit in China China’s New Related Party Transaction Reporting Regulation: Implications for Annual Audit in China November 24, 2016 As the end of the financial year looms, critical thoughts in regard of yearly audit should be made by multinational entities (MNEs) working in China. On…
Employees looking for new opportunities despite stable job market Employees looking for new opportunities despite stable job market November 20, 2016 Workers searching for new open doors in spite of stable occupation advertise Businesses are dared to be more creative. It has been noticed that the unemployment rate in Hong Kong stays stable with an…
Presentation: Accounting and Tax Compliance in China Presentation: Accounting and Tax Compliance in China November 17, 2016 With the full enactment of the business tax to VAT reform prior this year, China’s tax and accounting framework is as yet advancing at a quick pace toward a complex component. In this meeting presentation with AmCham, Ines…
Donald Trump in the White House: Implications for the Future of the TPP and Free Trade in ASEAN Donald Trump in the White House: Implications for the Future of the TPP and Free Trade in ASEAN November 16, 2016 US president-elect Donald Trump’s resistance to the Trans-Pacific Partnership (TPP) is notable and the future of…
2017’s third lowest “real” wage increase in APAC goes to Hong Kong 2017’s third lowest “real” wage increase in APAC goes to Hong Kong November 15, 2016 Macau will surpass Hong Kong in rankings. Hong Kongers will see their compensations increment by an average of 4 for every cent again in 2017. As indicated by…
Trump, Trade, and the Future of the Trans Pacific Partnership Trump, Trade, and the Future of the Trans Pacific Partnership November 11, 2016 Taking after weeks of campaigning, coming full circle in a formal concession from Hillary Clinton, Donald Trump is set to become the 45th president of the United States of America. Given the…
Hong Kong’s Q3 economic momentum cools on China slowdown Hong Kong’s Q3 economic momentum cools on China slowdown November 11, 2016 HONG KONG (Reuters) – Hong Kong’s economic development decelerated in the third quarter from second as feeble exports, slow retail deals and dropping tourist arrivals inflicted significant damage on the previous British colony. In…
The Benefits of Cluster Manufacturing – China’s Advantage The Benefits of Cluster Manufacturing – China’s Advantage November 10, 2016 As wages keep on rising in a progressively service oriented economy, China expects manufacturing sector to strengthen the country’s labor-intensive industries. Offering clear lines of correspondence and lower transportation costs, cluster manufacturing gives economic stability by…
ASEAN Regulatory Brief: Singapore GST Audits, Philippines Dormant Bank Accounts, and Malaysia-China Bilateral Ties ASEAN Regulatory Brief: Singapore GST Audits, Philippines Dormant Bank Accounts, and Malaysia-China Bilateral Ties November 9, 2016 Singapore: Tax Authority to Step Up GST Audits The Inland Revenue Authority of Singapore (IRAS) expressed they will stand up GST audits for big…
Indian Government Bans 500, 1000 Currency Denominations to Curb Black Money Indian Government Bans 500, 1000 Currency Denominations to Curb Black Money November 6, 2016 In a surprise move, the Narendra Modi government declared on the night of November 8 that the current US$ 7.5 (Rs 500) and US$ 15 (Rs 1,000) cash notes will…
The stock exchange in Southeast Asia ended varied The stock exchange in Southeast Asia ended varied November 1, 2016 Singapore stocks shut almost 1% higher on Friday, while three out of the five other Southeast Asian markets ended lower in accordance with broader Asia. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4%,…
The HKSAR Government exposes strategy for executing BEPS measures in its consultation paper The HKSAR Government exposes strategy for executing BEPS measures in its consultation paper November 1, 2016 On 26 October 2016, the HKSAR Government propelled a public consultation on executing measures to counter BEPS in Hong Kong. The BEPS consultation paper issued by…
Changes in China’s Foreign Investment Administration Reform Changes in China’s Foreign Investment Administration Reform October 12, 2016 Foreign-invested enterprises (FIEs) in China can presently enroll and report data changes through a documenting process instead of the case-by-case approval process that was already regulatory measures for market entree and it will be permitted to take benefit…
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