News

September 15, 2022

Summary of Singapore’s SME Government Allowance Support Program

Enterprise Singapore (ESG) is a statutory body under the Ministry of Trade and Industry of the Singapore government. It was established on 1 April 2018 by the merger of two Singapore government agencies, International Enterprise

September 14, 2022

Gaming Companies Favour to Collaborate with Singapore

ACTIVE PROMOTION OF THE GAMING INDUSTRY Government agencies in Singapore like Infocomm Development Authority (IDA) and Media Development Authority (MDA) exert considerable effort to bolster Singapore’s gaming ecosystem. The iN2015 Master plan laid out by

August 20, 2022

7 Reasons Why Hong Kong is No.1 for International Trade in Asia

Hong Kong In recent years, Hong Kong has had some serious competition as Asia’s premier gateway for international business. Singapore and Seoul have long been contenders, but people are also beginning to take notice

August 5, 2022

1,386,592 Companies Registered in HK & the Business Fee Reduced

  A total of 50,087 local companies were newly registered during the first half of 2022, according to the statistics released by the Companies Registry. The total number of local companies registered under the

July 27, 2022

Small Businesses in China Get New VAT Exemption

China’s new VAT regulations are good news for SMEs, but add to the complexity of VAT administration and accounting. Small-scale taxpayers in China who were subject to 3% Value Added Tax (VAT) are now exempt from

July 23, 2022

Briefing on Minimum Wages & Social Insurance in Shanghai in 2022

According to China’s Provisions on Minimum Wage, the legal minimum wage refers to the minimum labor remunerations that shall be paid by the employers to the employees under the precondition that the employee has provided

July 16, 2022

How Can CN Companies Avoid Tax Risks When Investing Abroad?

The primary tax risk that Chinese companies face when going global is the unfamiliar and complex tax system, collection, and administration of the target country. Failure to fully understand the target country’s tax regime and

July 1, 2022

Offshore Structure: Singapore VS Hong Kong Company Comparison

Singapore has one of the lowest corporate tax rates in the world, excluding capital gains tax, and is ranked number one in the World Banks Ease of Doing Business Index each year.Thanks to its simple tax system and