As we are facing another wave of Covid-19 restrictions in China, we took time to compare findings from our 2021 Fiducia-VDMA HR and Salary Survey with our most recent experience in recruiting, employee retention and personnel trends. As China continues to move and develop very fast, we were not surprised to see significant changes. Key […]
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Corporate banking in Hong Kong and Singapore is relatively straightforward—as long as the requested documentation is delivered. This is key to the smooth opening of a new account and the fulfilment of annual compliance checks. Preparation is particularly important for foreign-owned businesses, which may face greater scrutiny. There are legitimate regulatory reasons why banks enforce stringent […]
Asia’s booming economic growth amid a continued period of global economic uncertainty is an enticing offer for companies looking to expand outside their home markets. But given the diversity of culture, language, legal and regulatory frameworks in the region, determining the right location for a subsidiary in Asia is a complex decision. Choosing the wrong […]
The COVID-19 pandemic exposed the fragility of global business operations, with particular disruption to cross-border supply chains. For companies dependent on production in China, the impact was great. Despite China’s tenacious economic recovery in 2020, and a predicted 6% GDP growth this year, our clients and partners expressed concerns about reliance on supplies flowing from China and the APAC […]
Expatriates in China currently enjoy several tax benefits including housing allowance and tax-deductible school fees. By the end of 2021, the majority of these benefits are set to end. From 2022, expatriates working in China will be eligible for the same special additional deductions as Chinese citizens i.e. : Less tax deductible income for foreign employees in China will mean a significant cut to […]