Our collection of resources based on what we have learned on the ground
Resources
Q&A
How should a foreign-invested entity prepare for annual audit in India?
- April 2013
- Free Access
There are a couple of steps that are recommendable for preparing annual audit in India. The foreign company should: Brief the auditors on the nature of your business, the background of it, the business activities you carry out and to what extent y...
Q&A
What should a foreign company expect auditors to perform for Indian audit?
- April 2013
- Free Access
The auditors should perform the following: They will verify whether the opening balances have been carried forward correctly from the previous year’s audited financial statements. They will examine the purchasing procedures and make sure th...
Q&A
What are the major taxes in India?
- April 2013
- Free Access
There are four major taxes for foreign-invested enterprise in India: Corporate income Tax; Goods and Service Tax Reform; Capital Gains Tax; and Others.
Q&A
How is capital gains tax levied in India?
- April 2013
- Members Access
The applicable tax rate to business income of non-resident is around 42 percent. When the income from a sale is classified as business income under Indian law, then it will be taxable in India, only if such income accrues or arises in India or is att...
Q&A
What company type is good for foreign investors in Vietnam?
- March 2013
- Members Access
Wholly foreign-owned enterprises can be established in Vietnam in one of the following forms: 1. Limited liability company - If foreign investors wish to use limited liability company, the advantages would be: Members are only liable for the amo...
Q&A
What are the main pros and cons of using partnership for joint venture in Vietna...
- March 2013
- Free Access
The main advantages of using a partnership are that: Persons investing in the partnership can be limited partner, i.e.: partners that are of limited liability. The downsides of partnership is that: Two or more general partners are required t...
Q&A
What are the advantages and problems of using representative offices in Vietnam?
- March 2013
- Free Access
The most important feature of a representative office in Vietnam is the ease of registration. Also, it can hire staff directly and act as a liaison office with the overseas headquarter or quality control stronghold for products. However, it is not a...
Q&A
What is a project office in India?
- March 2013
- Free Access
A project office in India is a branch office set up with a limited goal for a specific project. It permits the company to establish a presence for a certain period of time. The project of a project company is crucial to its existence. The project ha...
Q&A
What are the advantages of using wholly owned subsidiary or joint venture compan...
- March 2013
- Free Access
Both solutions will take form of a limited liability company, which will have a separate legal personality, from the parent company. This will effectively provide the foreign company total control, limited liability and much less restrictions on the ...
Q&A
What are the advantages of using Hong Kong or Singapore as a holding company?
- March 2013
- Free Access
Given the number of tax treaties that Hong Kong and Singapore signed with the neighbouring emerging economies, they are ideal location for setting up a holding company because of: • Minimal exposure to corporate income tax • Options for f...
Q&A
Are there requirements to set up a holding company in Hong Kong for Chinese busi...
- March 2013
- Free Access
With the Closer Economic Partnership Agreement, Hong Kong companies that pass certain threshold may receive preferential treatment in operating in China. This is particularly true for service industry. However, these treatments may be time dependent ...
Q&A
Why is Singapore a better place for reaching out into Asia?
- March 2013
- Free Access
Since Singapore is a member of the ASEAN countries, a foreign-owned domestic company will automatically qualify for the duty free treatments across ASEAN countries. Also, Singapore has double tax agreements with India and China, this provides the ext...
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