Seeking finance – how to put your best foot forward.
As traditional banks tighten their lending appetites, a new wave of lenders have emerged to plug the gap. But they are known for their rigorous review and vetting process.
PKF China Immigration and Investment Update
Visual Capita released 2018 Migration Flow Map, showing how the high net worth individuals (HNWI) who has net worth more than million dollar changed their nationality in the last year. The green and red color is to show the country is entered or exited. Source: Visual Capitalist
UAE issues “economic substance” regulations
Introduction In December 2017, the European Union (“EU”) Code of Conduct Group on Business Taxation assessed the tax policies of jurisdictions with no or only nominal tax against the criterion of ‘economic substance’. The EU applies three listing criteria, which are aligned with international standards and reflect the good governance standards that Member States comply […]
Hastily enforced TM30 in Thailand sows widespread confusion
The Thai Immigration Bureau recently announced the enforcement of TM30 rules requiring the owners of all properties in Thailand to report all foreigners residing/present overnight on their premises to the Immigration Bureau or a local Police Station within 24 hours. The Immigration Bureau at Chaengwattana first announced the new enforcement regime for these long-standing regulations […]
China National Immigration Administration: 650 million people entered or exited the country in 2018
In 2018, Chinese citizens entered and exited 560 million person-times, accounting for 86.1% of the total number of entry-exit personnel, a year-on-year increase of 12%, and maintained growth for 15 consecutive years. For the first time, there were 95.328 million foreigners departing from or entering China, a year-on-year increase of 11.6%. The top ten countries with the number […]
New Labour Law
Retirement Age of Employees THE CABINET approved on 4th January 2017 a draft amendment to the Labour Protection Act, which requires employers to provide compensation to retiring employees as well as setting the official retirement age as 60. The new legislation is expected to become effective in May 2017. Thailand’s labour law has not previously set […]
