05 MAY 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:  •  RECP Ratification  •  UK & India Reach New Trade Pact  •  China HR & Payroll Challenges  •  Investing in Chongqing  •  India GST Tax Relief  •  Relocating to Vietnam  •  Indonesia's New Corporate Licensing  •  Dezan Shira Open Four New Asia Partner Offices  •  New Europe-Asia Istanbul Canal  •  Kazakh Consumers  •  Turkmenistan Eyes the EAEU

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GLOBAL TRADE
What Is The Ratification Status Of The RCEP And When Will It Come Into Effect?
Once ratified by three-fifths of the 15 signatories – namely six ASEAN countries and three non-ASEAN countries, the RCEP free trade agreement will enter into force in 60 days.
 
DEZAN SHIRA
Dezan Shira & Associates Open Four New Asian Alliance Offices
Firm establishes presence in Bangladesh, Mongolia, Japan & South Korea Dezan Shira & Associates, the pan-Asian foreign direct investment practice, have established formal relations with four new ‘Asian Alliance Partners’ – giving the firm a platform to further develop and assist clients throughout Asia.
 
INDIA
UK & India Announce New Trade and Investment Deals
As a starting point, the newly announced economic package contains over £533 million of Indian investments into the UK. These will mainly involve funds for the health and technology sectors. However, about £200 million of that amount will be channeled into supporting low carbon growth.
 
India Announces GST Relief for Taxpayers
India’s GST taxpayers have been granted relief in meeting regulatory and statutory compliances as a brutal COVID-19 wave grips the country. The government announced various relief measures to the taxpayers via notifications on May 01.
 
CHINA
China's Post Covid Challenges in Traditional HR & Payroll Management
More than ever, management, HR departments, administrators, and employees can be liberated from redundant HR and payroll procedures, by having processes optimized via technology so that their time can be refocused on higher value areas.
 
Investing in Chongqing, China's Gateway to the West
With relatively cheaper labor, well-developed infrastructure, integrated industrial clusters and supply chains, and sound business environment, as well as benefiting from national policies, Chongqing is standing out as a major destination for foreign investment in China’s central and western regions.
 
ASEAN
Four Factors To Consider When Relocating Your Business To Vietnam
With global investors moving or diversifying their production, choosing an alternate production base may be challenging especially during a pandemic. Investors in Vietnam should conduct thorough due diligence and ensure that they are well prepared before relocating their production.
 
Indonesia's New Business Risk Based Corporate Licensing Procedure
Business activities in Indonesia will now be assessed on the scale of the hazards they can potentially create (low risk, medium-low risk, medium-high risk, and high risk).The risk-based business licensing procedure will impact 16 sectors, including defense, energy, and agriculture.
 
CENTRAL ASIA
Turkish Government Approves Canal Istanbul Project
The Turkish government has approved plans to build a shipping canal in Istanbul as an alternative to Turkey’s internationally used straits connecting Asia to Europe.
 
Turkmenistan Eyes the Eurasian Economic Union
Turkmenistan has the world’s 4th largest gas reserves, a GDP of about US$120 billion, with a population of some 6 million earning about US$20,000 per annum per capita (PPP). Joining the EAEU would boost revenues, trade, and further unite Central Asia.
 
Kazakh & Central Asian Consumers Adapting to Hi-Tech Finance Products
Positive implications for take up of New Tech by Central Asian consumers, with the Central Asian e-commerce market growing fast. It is indicative that the Central Asian market is increasingly sophisticated with opportunities for growth.
 
 
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UPCOMING EVENTS IN THIS MONTH
 
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
 
Digitalizing Your Accounting Process - A Way to Improve Internal Controls and Enhance Tax Compliance
Seminar | May 13, 2021 | 3:00 PM - 4:30 PM | Nanjing, China
 
Debt Funding Options in India – Types, Tax Implications, and Regulatory Regime
Webinar | May 18, 2021 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
Crash Course on Doing Business in Beijing: New Opportunities for Foreign Investors in 2021
Webinar | May 25, 2021 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CET
 
 
 
 
 
 
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