21 APRIL 2021View in Browser
 
 
 
 

This week's primary foreign investment news
from our ASEAN, China, India, Russia, Belt & Road and Vietnam Briefings.
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HEADLINES: China Withdraws Certain Expat Tax Benefits / How Foreigners May Enter China During Covid / Guangzhou Launches RCEP Linked Investment Polices / The Philippines CREATE Act and Impact on FDI / HR Solutions in Vietnam / Changes to Social Security Rates in Indonesia / India Incentivizes White Goods Manufacturing / India's Food Processing Industry / Alternatives In Cotton Sourcing / The Greater Eurasian Partnership / Inbound FDI Increases in China: How And Why / What Would Beijing Do If It Managed The British Commonwealth

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CHINA
Some Tax-Exempt Benefits for Expats in China to Expire Next Year - Prepare for Transition
Due to the implementation of the Amended PRC Individual Income Tax (IIT) Law from January 2019, certain non-taxable benefits-in-kind will be replaced by additional itemized deductions for some expatriates, while other non-taxable benefits-in-kind may cease to be tax exempt from 2022.
 
How Can Foreigners Enter China Under Covid-19 Restrictions?
Our thorough analysis of the travel restriction policies enacted during the past year, together with a detailed entry guidance to the different categories of foreigners based on their visa type, inoculation status, nationality, and related requirements.
 
Guangzhou Becomes First City to Issue Special Cross-Border RCEP Measures
Guangzhou’s measures to promote cross-border e-commerce is the first by China where special policies have been rolled enacted to benefit from the Regional Comprehensive Economic Partnership, which includes China, the ten ASEAN nations, Australia, New Zealand, Japan, and South Korea. It is likely to become a blueprint for other regional cities looking to attract investment.
 
ASEAN
Taking Advantage of the Philippines CREATE Act: Accelerating Economic Recovery
The CREATE Act is a set of corporate and tax reforms to counter the effects of COVID-19 on the Philippines’ economy. The Act reduces the financial burden on foreign and domestic companies through various tax incentives to increase the country’s investment appeal and better compete with its ASEAN counterparts.
 
HR Staffing Solutions in Vietnam
Global Staffing Solutions (GSS) is a market entry strategy that enables businesses to establish a presence on the ground without having to physically set up a local entity. Setting up a company physically typically requires time, capital, and investment, taking up critical resources of the business. Under GSS, investors can enjoy the benefits of hiring full-time staff while remaining compliant with local laws.
 
Changes to Social Security Rates in Indonesia 2021
Indonesia has increased its social security premiums for Class III participants but has reduced the maximum wage base for pensions for 2021. The healthcare program is said to be the world’s largest single-payer national health insurance program, covering 83 percent of the country’s 270 million population.
 
INDIA
India Incentivizes Production of White Goods & Solar Modules
Eligible investors involved in the manufacture of air conditioners, LED lights, and related components as well as solar modules will be granted incentives under the latest production-linked schemes. The schemes are implemented on a nationwide basis, seek to upgrade existing technologies, establish industrial ecosystems, and boost export activity.
 
Investing In India's Food Processing Industry
Foreign investors keen to tap into value addition opportunities in India’s food processing industry should note that the government has approved a production-linked incentive scheme targeting the industry. The scheme will increase the capacity of India’s domestic food processing ecosystem, boost Indian exports, and build-up the brand image of Indian food products in foreign markets.
 
Alternative Cotton Sourcing Options in India, Pakistan, and Bangladesh
Xinjiang dominates global supply chains for cotton and apparel sourcing, which poses an immediate challenge for companies that cannot afford to shift cost-competitive sourcing contracts. We look at sourcing destinations in South Asia, namely, India, Pakistan, and Bangladesh.
 
THE BIGGER PICTURE
Inbound FDI into China from BRI Countries Rose 58% in Q1. How And Why Did This Happen?
Increase of inbound FDI the result of numerous State policies, while FDI relaxations, improved market access and tax structures all having an impact. China is on track to be the world’s largest consumer market by 2025.
 
The Greater Eurasian Partnership: Connecting Central & South Asia
Both China and Russia have committed to 'The Great Eurasian Partnership', which envisages mutual China/Russia influence extending on a region from East Asia to the borders of the European Union. At its heart lies Central Asia, a region rich in mineral resources yet until now, geographically isolated.
 
How the UK Can Look to China's Example in Developing Global Trade Ties
What would Beijing do if it, not London, managed the British Commonwealth? China’s Belt & Road methodology example could be utilized by the UK - we explain how.
 
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UPCOMING EVENTS IN THIS MONTH
 
APAC Forum - The Growth of Real Estate in APAC
Webinar | April 22, 2021 | 2:00 PM Manila / 8:00 AM Berlin / 1:00 PM New York
 
Path to Asia: What’s Next for China, Vietnam, Singapore, and Hong Kong in 2021
Webinar | April 22, 2021 | 5:00 PM China / 4:00 PM Vietnam / 10:00 AM UK
 
Opportunità di Crescita e di Investimento in Asean
Webinar | April 27, 2021 | 3:00 PM Rome Time
 
Crash Course on Doing Business and Investing in China's Greater Bay Area: Part 1
Webinar | April 27, 2021 | 5:00 PM EST / 2:00 PM PST
 
Adopting a China+1 Strategy in ASEAN: Diversifying Supply Chain to Minimize Risks
Webinar | Thursday, April 29, 2021 | 3:00 PM Vietnam / 4:00 PM Singapore / 8:00 AM UK
 
Crash Course on Doing Business and Investing in China's Greater Bay Area in 2021: Part II
Webinar | May 4, 2021 | 5:00 PM EST / 2:00 PM PST
 
Reclutamento, audit dell’HR ed assunzioni temporane delle risorse umane in Cina
Webinar | May 7, 2021 | 11:00 AM Central European Time
 
How to Repatriate Profits from China: Practical Methods & Strategy Development
Webinar | May 13, 2021 | 3:30 PM China / 2:30 PM Vietnam / 9:30 AM CET
 
 
 
 
 
 
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