The latest issue of ASEAN Briefing Magazine, titled “The Guide to Manufacturing in Indonesia“, is out now and available to subscribers as a complimentary download in the Asia Briefing Publication Store through the month of November.
In this issue of ASEAN Briefing:
- An Introduction to Manufacturing in Indonesia
- Locations for Manufacturing Setup in Indonesia
- Corporate Establishment in Indonesia
Choosing if, where, and how to establish foreign manufacturing operations in Indonesia can be a significant challenge. The archipelago’s low costs and rising stature in production and assembly make it an attractive location for investment. However, tapping into these opportunities requires a high degree of understanding regarding the nation’s social and regulatory cleavages and presents numerous challenges for even the most weathered investors.
While developing an understanding of Indonesia’s vast diversity may seem daunting, a number of options are available to investors which allow entry and operations to be conducted in a seamless manner. Key considerations in this regard include maintaining an up-to-date knowledge of Indonesia’s corporate establishment guidelines, and a firm understanding of the special incentives and production locations that Indonesia provides to those setting up facilities within the country.
An Introduction to Doing Business in Singapore 2016, the latest publication from Dezan Shira & Associates, is out now and available to subscribers as a complimentary download in the Asia Briefing Bookstore.
An Introduction to Doing Business in Singapore 2016 provides readers with an overview of the fundamentals of investing and conducting business in Singapore and its role as a trading hub within ASEAN. This guide explains the basics of company establishment, annual compliance, taxation, human resources, and social insurance in the city-state. A detailed examination of the role of Singapore’s many double tax treaties and its position within the ASEAN free trade area plus its relationship with China and India are also covered.
As the Association of Southeast Asian Nations (ASEAN) approaches economic integration in 2015, Singapore’s role as the de facto financial and commercial capital of Southeast Asia will be unassailable. Having already established its competitive niche as a destination for establishing regional headquarters, branch offices and holding companies in Asia, Singapore’s legal and tax regimes are among the most business-friendly in the world.
Dalian – The new issue of Asia Briefing Magazine, title Payroll Processing Across Asia, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of January and February.
Collecting tax revenue and administering social insurance are two of the most fundamental roles of government. When establishing or operating a business in Asia, companies must take special care to comply with regulations concerning taxes deducted at the source of employee payroll (withholding tax) and mandatory contributions to social insurance programs.
As you might expect in a region comprising so much diversity and complexity, the systems utilized by governments in places like China and Vietnam (countries with large populations and with a communist background) are substantially different than those in places like Hong Kong and Singapore – small jurisdictions with a distinctly capitalist outlook. India, a populous emerging nation with a democratic system of government, provides an interesting contrast in terms of how it taxes and supports its citizens.
Nov. 21 – The new issue of Asia Briefing Magazine, titled The 2014 Asia Tax Comparator, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of November and December.
The opportunities to sell to the Asian consumer have never been more pronounced than they are today, and those opportunities will continue to expand and develop over the next three decades. Key to understanding and accessing this massive, dynamic new consumer market is the ability to understand the underlying tax treatments. To that end, we are pleased to present our third annual “Asia Tax Comparator” as Asia Briefing Magazine’s final issue of 2013.
Sept. 16 – The new issue of Asia Briefing Magazine, titled Work Visa and Permit Procedures Across Asia, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of September and October.
Demand for skilled foreign nationals remains high across Asia, but when conducting business as a foreign national in a foreign country, it is important to be aware of the regulations governing foreign executives’ stay abroad. Employers with a physical presence in these markets must also understand the proper procedures for sponsoring a foreign worker.
The necessary documents required for a foreign national working in Asia vary country to country, but typically include a specific work visa, a work permit, and/or a residence permit. However, short-term visits for purposes of due diligence, quality control, or trade fairs, for example, may be covered through the issuance of business visas.
May 27 – The new issue of Vietnam Briefing Magazine, titled Re-evaluating Your Vietnam Representative Office, is out now and temporarily available as a complimentary PDF download on the Asia Briefing Bookstore.
So, you want to expand your business presence in Vietnam. How? For starters, you can open up a representative office (RO) in the country, which would get your foot in the door when it comes to exploring the market and conducting business. However, in Vietnam (as in most countries), an RO is limited in its range of operations and is typically used as a stepping stone to test the water before a company decides to establish a legal entity with a larger scope of business, such as a joint venture or a 100 percent foreign-owned entity.
So how do you make the jump from an RO to a 100% FOE? Take a look into your RO’s operations before deciding what your next move will be. Upgrading the office may be the right answer for you – as an RO can easily be upgraded to increase its scope of activities to align more closely with your company’s goals and to further your business’ game plan. Or, if that’s not in line with your company goals, you can just as easily decide to close up shop.
May 10 – The new issue of Asia Briefing Magazine, titled An Introduction to Development Zones Across Asia, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of May and June.
The use of development zones in their different guises has been an effective model essentially brought to prominence by China over the past 25 years to help both foreign investors and domestic companies meet in a relationship that provides tax advantages to both. Development zones typically permit the foreign investor to bring component parts into a country for assembly without having to pay import duties. Investors may then add in locally-sourced components, assemble the final product, and warehouse it all duty free before then having the option of exporting the finished product (collecting some VAT rebates on the locally sourced portion) or entering the domestic market with a product assembled at local labor costs.
Apr. 9 – The new issue of China Briefing Magazine, titled M&A Regulations in China, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the month of April.
Here we return to a popular subject – China’s M&A regulatory framework. With the global economy slowly coming out of recession, and Chinese businesses wanting to expand both domestically and overseas (issues driven by state policy), we expect to see a gradual upswing in the number of M&A deals being conducted with Chinese companies in the forthcoming months.
However, the subject of M&As in China is far from simple, and many important aspects tend to get glossed over. In actuality, there are many issues to be aware of, such as how to stay in compliance with the offshore equity transfer requirements set forth in Circular 698, and how to structure a transaction so as to minimize your tax obligations. These matters should be fully understood by foreign investors when targeting domestic companies.
Mar. 19 – The new issue of Asia Briefing Magazine, titled Expanding Your China Business to India and Vietnam, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of March and April.
As operational costs in China continue to rise, an increasing number of companies are looking at either relocating or moving part of their China-based facilities to lower cost markets elsewhere in emerging Asia. This makes sense since China itself is trying to move away from an export-driven economy and into a consumption-driven growth model.
Meanwhile, countries such as Vietnam are actively courting these export businesses through tax incentives and preferential policies similar to those that helped China get to where it is today. India, too, with its abundant, young and inexpensive workforce, coupled with a massive consumer market, is looking strikingly similar to China 20 years back.
Mar. 18 – The first issue of Asia Briefing Magazine, titled Are You Ready For ASEAN 2015?, is out now and available as a PDF download on the Asia Briefing Bookstore. Although both China and India have recently signed free trade agreements with ASEAN, many businesses still seem blissfully unaware of the free trade agreements and economic partnerships that are dramatically changing Asia’s business opportunities. These are agreements that do away with customs duties and tariffs on thousands of products. In this first issue of the bi-monthly Asia Briefing magazine, we focus on the new dawn that ASEAN free trade brings to the entire region, as well as the dramatic added impact of pan-Asian free trade agreements such as the Regional Comprehensive Economic Partnership.
ASEAN – the Association of Southeast Asian Nations – comprises 10 Asian countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) as an economic trade bloc. That means reduced or zero customs duties across a space that includes the 10 ASEAN nations, and includes additional agreements, still under negotiation, that are expected to link in China, India, Australia, New Zealand, Japan and South Korea with the same ASEAN bloc.