Czechia: Under what circumstances may a fixed salary arrangement take into account potential overtime work?
In its judgment 21 Cdo 1033/2019-209 of 26 February 2021, the Czech Supreme Court had to deal with a case that concerned the conditions under which an employer and an employee may agree on a salary which reflects (i.e., includes) any overtime work of the latter.
AHK INDIA NEWSLETTER SEPTEMBER 2023
Indo-German Chamber of Commerce
This Newsletter features the latest news from both India and Germany, with an emphasis on fostering closer ties between the two countries. It aims to highlight the many different aspects of Indo-German business and culture, and the powerful potential for collaboration that exists between the two.
- Topics covered include:
- Jobs and careers
- Business enquiries
- Events
Indonesia Introduces Golden Visa to Attract Foreign Investors
Indonesia is introducing a golden visa scheme to attract foreign corporate and individual investors. The scheme offers between five-to-10-year resident permits, depending on their investment value.
How To Find the Right Recruiting Firm For Your Business
In today’s competitive business landscape, finding and attracting top talent can be a challenging task. The right people can be a company’s most valuable asset. But locating them can feel like searching for a needle in a haystack.
In this article you will learn:
- The different specialties and methods of recruitment firms
- What you need to assess to find a suitable agency for you
- What to keep in mind when considering fees
Beyond a Mega City: Investing in China’s Mega City Clusters
Doing business in China has undergone significant changes in the past few years.
In this definitive guide, offers a comprehensive introduction to China’s four most significant and investor-friendly metropolises, including the Yangtze River Delta (Shanghai, Suzhou, Hangzhou, etc.), the Pearl River Delta (or the Guangdong-Hong Kong-Macao Greater Bay Area), the Beijing-Tianjin-Hebei (or Jing-Jin-Ji), and the Chengdu-Chongqing Economic Circle.
Are Employee Bonuses and Commissions Liable For Individual Income Tax In The UAE?
In the UAE, employers often pay additional bonus and/or commission to incentivise employees. A notion is being created that a company should not pay commission or bonus to its employees as these could be treated as employees’ individual business income.
Doing Business in Singapore 2023
This publication, designed to introduce the fundamentals of investing in Singapore, was compiled by Dezan Shira & Associates, a specialist foreign direct investment practice providing corporate establishment, audit, business advisory, tax advisory and compliance, accounting, payroll, due diligence, and financial review services to multinationals and small- and medium-sized enterprises investing in emerging Asia.
China’s IIT Preferential Policy for Expatriates Extended to End of 2027: Key Points
Foreigners working in China can continue to enjoy tax exemption on eight categories of fringe benefits, including housing rental, children’s education costs, language training costs, etc., for another four years, till December 31, 2027.
GCC: Prioritize cultural fit
Aouni Kawas, Director, CT Executive Search regional hub office in Beirut, Lebanon, Managing Partner at Kawas Consulting
What is the current demand for executive search in the GCC countries?
The demand for executive search in the GCC countries is currently high. With the region's rapid economic growth and development, companies are expanding and looking for top-level talent to drive their businesses forward. The GCC countries, particularly, Saudi Arabia and the United Arab Emirates, have witnessed an increase in the number multinational companies, which in turn has increased the need for executive search services.
GCC: The intersection of interests is significant
Oliver Oehms CEO of the AHK Gulf Region, Dubai
What current trends and developments do you see in the UAE and other countries in the Gulf region?
We see the most exciting developments in our host country, the United Arab Emirates, not only because our headquarters are located there. The Emirates are implementing a national economic vision with great commitment, seriousness, and financial commitment. The pace of reform is breathtaking. There are facilitations in residency rights, a strong liberalization of the investment law, and the opportunity to acquire real estate.
The Emirates position themselves as an attractive location that attracts not only companies and entrepreneurs but also talent from around the world.
Overview: Employment Law in the UAE
Dr. Alexander Brexendorff, Managing Partner MENA LEGAL, Dubai
The United Arab Emirates (UAE) is a nation characterized by its rapid economic growth and a diverse workforce, attracting both local and foreign talent seeking employment opportunities. To maintain a balanced and just working environment, the UAE has established a robust legal framework for employment, safeguarding the rights of employers and employees alike.
AHK India Newsletter August 2023
Indo-German Chamber of Commerce
This Newsletter features the latest news from both India and Germany, with an emphasis on fostering closer ties between the two countries. It aims to highlight the many different aspects of Indo-German business and culture, and the powerful potential for collaboration that exists between the two.
Topics covered include:
- Jobs and careers
- Business enquiries
- Events
India Skill Report 2023: Findings on Talent Availability and Employability in Emerging Technologies
India’s economic ascent hinges on talent availability. Recent reports, like the Wheebox India Skill Report 2023 and Mercer’s “India’s Graduate Skill Index: 2023”, highlight positive employability figures, especially among youth and women, and growth prospects in technology-driven sectors. We discuss key findings from the two reports and the top growth sectors to 2030, before rounding up with some of the policy reforms undertaken by India.
Lithuania: Can a collective agreement be a good thing…for employers?
Problems of collective bargaining in Lithuania. Are they being addressed and resolved?
Trade unions in Lithuania, in particular, have been vocal about the benefits, the neeed for and importance of collective agreements for companies and institutions. However, employers and employees have different views about their benefits.
Starting A Business In The UAE? Points To Consider
It is vital that new UAE startups comprehensively understand the new corporate tax laws, in order to properly plan for the most effective way of structuring your company and its tax efficient, operational strategies. For startups, which often operate on tight budgets and thin margins, efficient tax planning can make a significant difference in terms of profitability and growth. We provide six examples that UAE startups and new-age technology-led businesses should be focusing their attention on.
AHK India Newsletter July 2023
Indo-German Chamber of Commerce
This Newsletter features the latest news from both India and Germany, with an emphasis on fostering closer ties between the two countries. It aims to highlight the many different aspects of Indo-German business and culture, and the powerful potential for collaboration that exists between the two.
Topics covered include:
- Jobs and careers
- Business enquiries
- Events
Get More From Your Next Executive Search With These Strategies
One of the key responsibilities for any organization is to nurture a high performing and retaining culture. But finding the right leader and management for your organization can be a daunting task. The stakes are high and mistakes are not allowed. A wrong decision in your executive search can cost you money, time, and even the success of your company.
Emerging Talent Trends Shaping India’s Dynamic Job Market in 2023
The talent market in India is experiencing significant changes, driven by global economic shifts, technological advancements, and evolving workforce expectations. Some noteworthy talent trends observed in India, as per EY’s Future of Pay Report 2023, include an expanding talent pool, shortage of skilled talent, intensified competition for top talent, upskilling and reskilling, key sectors for job growth, and retention and attrition rates.
SOTM: Europe holds a significant market share of spark plug imports to the top African countries
Angola, Egypt, Ethiopia, Ghana, Kenya, Morocco, Nigeria and South Africa are the top importers of vehicle parts in Africa. The countries with significant market shares for European automotive parts are Morocco at 66%, South Africa at 54%, and Egypt at 26%.
Guangzhou’s Talent Green Card System: Benefits, Eligibility, and Application Process
The city of Guangzhou in southern China officially approved a set of measures to implement a Talent Green Card scheme. The primary goal of this scheme is to attract high-level talent from both domestic and international sources. Under this program, two tiers of Talent Green Cards are offered to individuals with outstanding skills, granting them a diverse range of benefits to facilitate their relocation, living arrangements, employment opportunities, and business endeavors in Guangzhou.
UAE Expands ‘Emiratisation’ Employment Plan: Foreign Investors Take Note
The UAE Ministry of Human Resources and Emiratisation has announced a significant expansion of its Emiratisation programme for the private sector. The new plan now includes companies and individual establishments employing between 20 to 49 workers, focusing on 14 specific main economic activities.
Selling to the Indian Market
This publication offers insights into different approaches for entering the Indian retail market and establishing a corporate entity, along with essential factors for foreign retailers to consider when investing in the country.
Topics:
- Overview of India’s Retail Industry
- Market Entry Routes and Retail Strategy
- Key Considerations Before Selling Foreign Products in India
AfricaContact: The International Business Magazine
This is a joint publication by BVMW e.V. and MWM Medien Foreign Trade - Logistics - Customs I Trade media and seminars.
Topics covered:
- E-mobility: Social enterprises shape change in the African transport sector
- The 10 Sub-Saharan African countries with the highest growth forecasts for 2023
- Setting up a business in Africa: How to find the right local partners?
- Improving performance through skill competitions
Czechia: Amendment to the Labor Code addresses the performance of remote work
A major amendment bill to the Labor Code which seeks to implement EU legislation is still being debated on the floor of the House of Deputies. The planned changes concern, among other things, the performance of remote work.
The amendment to the Czechia's Labor Code anticipates that remote work may only be performed based on a written agreement to such effect between employer and employee. The obligation to which such an agreement gives rise may be terminated by way of a mutual understanding between the parties; it may also be cancelled (for any reason, or without stating any reason at all) observing a 15-day notice period.
Why the South African medical technology market is interesting for German manufacturers
According to an article published by africon GmbH, almost 40% of all medical devices and laboratory equipment in South Africa are imported from Germany.
As the MedTech sector continues to draw interest from German manufacturers, africon GmbH's CEO, Marc-Peter Zander sheds more light on ongoing projects in Africa's healthcare sector in this article for Medizin & Technik.
