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1.

VIETNAM: Free Company Incorporation in National Capital from August Onwards

21 June 2018

Companies will be incorporated free of charge in Hanoi from August this year onward. The move comes as part of a bid to increase the number of businesses registered in the country’s capital from the c...Read More

2.

UAE: New Government Schemes Slashes Costs of Mandatory Employee Insurance

20 June 2018

Employers will no longer be required to provide a cash guarantee of UAE Dirham 3,000 (US$817) for each new worker they recruit....Read More

3.

MYANMAR: FDI Projects Obliged to File Performance Report for Each Financial Year

19 June 2018

Annual performance reports must be filed within three months of the end of the financial year for all the country’s FDI-backed projects, according to a new directive from the Myanmar Investment Commis...Read More

4.

VIETNAM: Controversial Cybersecurity Law Set to Make All User Data Government-Accessible

15 June 2018

Vietnam's controversial new Law on Cybersecurity will oblige all overseas service providers – including the likes of Google and Facebook – to store all data on local users on Vietnam-based servers, wh...Read More

5.

INDONESIA: One-stop Export / Import Portal Goes Live

15 June 2018

Export / import permits and cargo clearance can now be secured via the Indonesia National Single Window, the country’s new trading portal. With all documents submittable online, the relevant data is s...Read More

6.

BANGLADESH: 2018 Budget Raises Taxes in Apparel and Cosmetics Sectors

14 June 2018

The Corporate Income Tax (CIT) rate applicable to the readymade garment (RMG) production sector is to be raised to 15% from its current level of 12%. Companies looking to limit their tax liability, ho...Read More

7.

LAOS: Application Procedure for New National Standards Accreditation Announced

12 June 2018

Companies looking to secure the rights to certify their products as in compliance with the country’s newly-introduced National Standards system must first secure a permit from the Department of Standa...Read More

8.

UAE: Dubai and Abu Dhabi Introduce Range of Investment-Boosting Incentives

11 June 2018

Dubai and Abu Dhabi, the two most populous emirates, have separately unveiled a range of incentives designed to boost their appeal to overseas investors....Read More

9.

CAMBODIA: Online Economic Data Service Targets Overseas Investors

8 June 2018

Overseas investors are to be given instant access to a vast range of economic data relating to the country via the National Summary Data Page (NSDP), a new, government-backed online resource....Read More

10.

INDONESIA: Tax Dodgers Face Ban on Overseas Travel

4 June 2018

Tax evaders face being banned from leaving the country as the government continues its crackdown on individuals and businesses who fail to remit the statutory proportion of their earnings to the exche...Read More

11.

PHILIPPINES: Tardy Civil Servants Face Prosecution for Delayed Business Licence Approval

1 June 2018

Government officials who fail to process business licence and permit applications within a specified timeframe may find themselves liable for prosecution under the terms of the recently-enacted Ease o...Read More

12.

UAE: Planned Real Estate Portal Set to Eliminate Property Middlemen by 2020

31 May 2018

With the aim of having all real estate transactions conducted online by 2020, the Dubai Land Department, the government’s land and property agency, has announced plans to launch a comprehensive portal...Read More

13.

SINGAPORE: Country First Outside Europe to Adopt PEPPOL E-invoicing System

30 May 2018

The country has become the first outside Europe to sign up to the Pan-European Public Procurement On-Line (PEPPOL) system, which will see a new national electronic-invoicing (e-invoicing) standard ado...Read More

14.

VIETNAM: 60 Day Turnaround Mandated for Re-Export Goods in Bid to End Illicit Food Imports

29 May 2018

Goods imported for re-export now need to be processed and dispatched within 60 days, with any instances of non-compliance punishable by the sequestration and destruction of the goods in question....Read More

15.

MYANMAR: Self-Assessed Income Tax Regime Looks to End Illegal Tax Negotiations

28 May 2018

In a bid to clamp down on illegally-negotiated tax payments and reduce the overall level of tax evasion, the country is to switch to a self-assessment tax regime....Read More

16.

INDONESIA: Projects with FDI Backing Below US$35 Million Set for 50% CIT Cut

25 May 2018

A 50% cut in corporate income tax, over a five-year period, is on offer for all new FDI projects valued in the Rp100 billion (US$7.16 million) to Rp500 billion (US$35.2 million) range....Read More

17.

INDIA: Ban Lifted on Use of Overseas Vessels for Domestic Cargo Transportation

25 May 2018

In a major policy change, overseas-owned merchant ships are to be permitted to transport containerised cargo between any two Indian ports....Read More

18.

UAE: 10-Year Visas on Offer to Overseas Investors and Medical and Technical Professionals

24 May 2018

New 10-year residency visas are on offer to overseas investors, as well as to certain professionals with a high level of experience, including scientists, engineers and doctors....Read More

19.

VIETNAM: Minimum Equity Requirement Raised to 20% for PPP Investors

23 May 2018

The minimum equity requirement for private investors in public-private partnership (PPP) projects requiring investment capital of up to VND 1,500 billion (US$66 million) is to increase from its presen...Read More

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