Q&A on Asian Bus.
This is the place that our Editors will reply to your various questions about doing business in Asia.
Please utilize it as a solution to the issues you have doing your daily business across Asia.
We always accept your questions.
- We do not guarantee that we will answer all questions posted on this web board.
- All answers will be made public on this web board, not written to you personally.
- The questions and answers here will be in English only.
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CHINA
- Q:What are the primary investment vehicles for foreign investment in PRC?
- Q:Are there any special requirements for contracts with foreign entities?
- Q:Do expatriates in the PRC required to make social security contributions?
- Q:As an expatriate, how is your income taxed?
- Q:Are foreign individuals required to register for taxes in PRC?
- Q:Are benefits received by employees in the PRC taxable?
- Q:Are there any statutory requirements regarding the signing of redundancy agreements between an employer and employee in the PRC?
- Q:Are expenses spent by an enterprise for research and development tax deductible?
- Q:Are foreign investors allowed to repatriate profits out of the PRC?
- Q:Is income received by a foreign consulting firms for work done in the PRC taxable there?
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VIETNAM
- Q:Can foreigners own houses in Vietnam?
- Q:Is there any tax on investment profits?
- Q:Are there any requirements with regard to sending money outside Vietnam?
- Q:Are there any restrictions on the types of goods that can be imported into Vietnam?
- Q:Are there any special free trade zones in Vietnam?
- Q:What avenues are there for resolution of investment-related business disputes in Vietnam?
- Q:Can foreign companies choose to enter into contracts based on foreign law?
- Q:Are there any restrictions on the employment of foreign expatriates or foreign workers in Vietnam?
- Q:What types of insurance are employers in Vietnam required to take for their employees?
- Q:What should an expatriate or foreign employee do once his employment contract in Vietnam is terminated?
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MALAYSIA
- Q:Who are the designated persons under the Malaysian Income Tax Act, to be responsible for performing the necessary acts on behalf of a company, or a body of persons?
- Q:Are there any statutory special requirements for importers of goods into Malaysia?
- Q:Can loans in currencies other than the Malaysian Ringgit be made?
- Q:Can goods with duty still unpaid be stored in Malaysia?
- Q:Are expatriates in Malaysia required to make social security payments?
- Q:Can expatriate employees in Malaysia be paid from outside Malaysia?
- Q:What can an employee do when he/she finds himself/herself dismissed without just cause and excuse?
- Q:What is the duration of the notice required for an employer to give an employee where the employer wishes to terminate the employee’s employment?
- Q:How are royalty payments made overseas treated in Malaysia; are they allowed?
- Q:Are foreign tax credits granted by the Malaysian tax authorities? What if Malaysia has no tax treaty with the particular foreign coutry?
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SINGAPORE
- Q:Where there is a dispute over a contract, what law will the courts apply?
- Q:Are there any restrictions as to the transfer of land?
- Q:As an employer, are there any compulsory insurance required to be taken for the benefit of workmen?
- Q:What is the position where tax on the remuneration of an employee is paid by the employer?
- Q:Are there any restrictions pertaining to currency protection in Singapore?
- Q:Are there any incentives for employers in Singapore to upgrade the skills of their employees?
- Q:Can an employer claim tax deductions for employee-related expenses?
- Q:What are some of the non-taxable presence entities in Singapore?
- Q:Is there a requirement to withhold tax by a company for payments made to non-resident directors?
- Q:Are accommodations supplied by the employer a taxable benefit to the employee?
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INDIA
- Q:Are there any restrictions on foreigners who wish to acquire land in India?
- Q:Between citizens, are there any special approvals needed for the transfer of land for citizens? How about the transfer of land involving non-citizens?
- Q:Are profits derived from investments in India taxable; and are the taxes, if any, deductable at source?
- Q:For companies carrying out industrial and/or scientific research, is there any tax relief offered by the Indian government?
- Q:Are there any foreign exchange restrictions placed on exporters?
- Q:Are there any industries which require compulsory licences?
- Q:Are foreign companies that do business in India required to comply with any special laws?
- Q:What are the features of Indian Special Economic Zones?
- Q:Can a company raise loans in foreign currency?
- Q:For taxation of business income purposes, what are the deductions allowed?