In commercial transactions, suppliers require more and more to get paid once the order is confirmed, while Buyers want to be sure to get what they pay for, and prefer to pay once the goods are delivered. In such cases, an escrow agent can be an efficient solution to solve each party’s concerns. What Is an Escrow? An escrow […]
The Legislative Council Finance Committee approved the funding of HKD 80 billion for the Employment Support Scheme (ESS) on 8th April 2020. The package includes measures to encourage employers to retain staff through the provision of a wage subsidy (The Employment Support Subsidy) which is expected to benefit 1.5 million employees. The Government is liaising […]
On 30 April 2019 the Economic Substance Regulation (ESR) was introduced in the UAE to align the country with the global standards to prevent Base Erosion and Profit Shifting (BEPS). According to the UAE legislation, the ESR is applicable to 9 business activities called “Relevant Activities” but all businesses licensed in the UAE shall have […]
Following the release of Budget Statement 2020 last February (the ‘Budget 2020’), the global COVID-19 crisis has hugely worsened, rapidly affecting, among others, the economy in Singapore and globally. Singapore Government has promptly reacted, implementing several measures to support Singapore companies and individuals, to save jobs and to help businesses in preserving their cash flow […]
To face the challenges brought by Covid-19, the Hong Kong Government has issued a financial relief package. On Wed 8th April 2020, Carrie Lam has announced a financial relief package in order to help individuals and business highly affected by the Covid-19 outbreak, including the introduction of HKD 80 Billion Employment Support Scheme (ESS). The […]
Discover today all the benefits of obtaining a Thai Retirement Visa. No Thai source income taxable only if remitted to Thailand No wealth tax No tax filing obligations for foreign investments and assets Mitigated inheritance and gift tax Retirement VISA eligible to applicants of age 50+ Find here the full program and all the advantages. […]
The Coronavirus outbreak that first developed in Wuhan and quickly spread to the entire country has triggered a range of disruptive consequences for the supply chain of a multitude of domestic and foreign companies in China, also generating significant change in terms of consumers’ behavior and preferences.