An Introduction to Doing Business in Singapore 2024
As a strategic financial hub and a gateway to Asia, Singapore offers unparalleled opportunities for foreign investors.
Top focus areas for the country’s policymakers in the near term include upskilling the local workforce, attracting, and retaining highly skilled talents.
This Dezan Shira & Associates publication sheds more light on that.
AHK India Newsletter| September 2024
Indo-German Chamber of Commerce (AHK India)
The AHK India Newsletter features the latest news from India and Germany, giving you a comprehensive and up-to-date view of their economic, political, and cultural ties.
Topics covered in the September issue include:
- Data protection and personal data protection
- Due diligence
- Skilled labour migration
Cambodia Opens Foreign Employee Quota Application for 2025
Businesses in Cambodia that want to hire foreign workers must adhere to and apply to a quota set by the Ministry of Labor and Vocational Training (MLVT). Under this quota system, only 10 percent of the local businesses’ total workforce can be foreigners.
This is calculated in the following way:
- Office employees – 3%
- Skilled labor – 6%
- Unskilled labor – 1%
The Indo-German Magazine|Issue 2
The Business Magazine of the Indo-German Chamber of Commerce (AHK India)
The Indo-German Economy contains all the information about the latest trends and developments in Indo-German cooperation, as well as the various activities and initiatives of the Chamber.
In this issue, you'll learn more about:
- The shipping and logistics industry
- India's business environment
- Empowering professionals
- Business opportunities in India
Traveling in India – Business Etiquette and Culture
Doing business in India successfully, requires understanding and appreciating local etiquette and cultural nuances. This India Briefing update offers a few observations to help foreign stakeholders seeking to establish key contacts, and set up local partnerships.
The Indo-German Magazine|Issue 1
The Business Magazine of the Indo-German Chamber of Commerce (AHK India)
The Indo-German Economy contains all the information about the latest trends and developments in Indo-German cooperation, as well as the various activities and initiatives of the Chamber.
In this issue, you'll learn more about:
- The Asia Pacific Business Outlook
- Navigating the Indian market
- New age technologies
- The Indian and global machine tools and machinery industry
Navigating Asia's Industrial Landscape in 2024
The Emerging Asia Manufacturing Index is a model for ranking manufacturing destinations to help international manufacturers address knowledge gaps in the Asia region. The index covers eight countries: Bangladesh, China, India, Indonesia, Malaysia, Thailand, the Philippines and Vietnam. It also includes key parameters that would be of interest to manufacturers seeking their next investment destination.
An Overview of the UAE’s Double Tax Avoidance Agreement (DTA) Treaty Network
Through its extensive DTA network, the UAE seeks to encourage foreign investment and attract more international businesses and capital by reducing the tax burden on foreign investors. The agreements ensure that income is not taxed both in the UAE where the income is sourced and again in the company’s country of origin. At the same time, they help to prevent tax evasion and avoidance by including provisions for the exchange of tax information between signatory countries.
China’s Six-Year Rule for Foreigners: 2024 IIT Payment Highlights
China amended its individual income tax (IIT) system in 2019, introducing a “six-year rule” to determine the tax responsibilities of foreigners for their overseas income in China. 2024 marks the first year that this rule is applicable. In this article, we provide a comprehensive overview of the “six-year rule” and practical solutions for effective tax management.
executive search in china
Wilson Zhao, Associate Partner, CT Executive Search
Where is demand for top management greatest in China, and what sectors do these companies operate in?
We focus on industrial practice, based on our knowledge there are 3 industries that have high demand for executive roles:
a. Marine industry Positions needed in this industry include: Chief Scientist for new energy, Quality & Construction Director, Procurement Director
executive search in india
Sonal Thakker, Associate Partner, CT Executive Search
What sectors have the greatest need for top management positions?
The demand for executive talent in India is particularly high in several industries:
1. Technology and IT Services: Given the rise of Digital transformation, AI, machine learning and the subsequent cybersecurity issues that need to be addressed, roles like Chief Information Officer (CIO), Chief Technology Officer (CTO), Chief Digital Officer (CDO) are on the rise for executives, who can lead innovation in emerging technologies.
executive search in saudi arabia
Reinette Farajallah, Associate Partner, CT Executive Search
How would you describe the current situation on the Saudi executive search market?
The Saudi market is growing and transforming rapidly; however, such rapid development is accompanied with equally great disruption. We see that the need for experienced executive talent is even greater than before.
What positions are being actively recruited to, and which sectors do these companies operate in?
There is a high demand for senior personnel in all sectors. There is a great need for business and technical advisors, as well as executive level management.
Executive search in Poland
Marek Ambroziak, Assignment Manager Poland, CT Executive Search
Where is top management needed the most in Poland?
Sales functions are still most desirable, with the FMCG and industrial sectors having the highest shortage of qualified experts. The IT and Tech sector is also in need of competent personnel. The Big 4, as well as other well-known and highly reputable management consulting firms - MBB, i.e. McKinsey, Boston Consulting Group, Bain, Kearney, among others, continue to scout for top talent.
executive search in bulgaria
Natalia Bichevina, Manager CEE Desk, CT Executive Search
How would you describe the current situation in the Bulgarian executive talent market?
Today, Bulgaria has a large reservoir of well-educated executives, some of whom hold MBAs and other internationally recognized degrees. Over the years, internationally operating companies in the country have invested heavily in the training and further education of their employees.
From Recruitment to Retention: India HR Insights for 2024
This latest publication from Dezan Shira & Associates sheds more light on India's current HR landscape. Topics covered include:
- Attracting and Retaining Top Talent in India
- Understanding the Regulatory Landscape for Hiring in India
- Building a Localized HR Strategy
Updates to Employment Permits for Professional Foreign Workers in Singapore
Singapore’s Ministry of Manpower (MOM) provides a range of employment permits for professional expatriates planning to work in the country. Each employment permit differs across various categories of employees and is based on their professional skills and monthly salaries.
Where to Set Up in Qatar: Special Economic Zones and Industrial Areas
Qatar’s economic stability is underpinned by a supportive business environment, which includes up to 100% foreign ownership, zero percent income tax, and a 10% corporate tax rate. These favorable conditions are complemented by award-winning infrastructure, a young and highly educated workforce, and a high quality of life. Qatar is also recognized as the safest country globally, with one of the world’s best healthcare systems, making it an ideal home for businesses.
Czechia: A few practical remarks on agreements on work carried out outside proper employment
Agreements on work outside the employment relationship are popular in the Czech legal environment both among employers and among employees. However, a recent amendment to the Labor Code has brought a number of changes to the cooperation with workers under such agreements which employers ought to adequately reflect.
MARKET DEVELOPMENT AND OPTIMIZATION WITH INDEPENDENT MARKET EXPERTS
Christian Tegethoff, Managing Director, CT Executive Search
When entering new markets, companies face many questions such as:
• Is there demand for our products in India, Saudi Arabia, or Central Asia?
• How large is the local market?
• What is the competitive landscape?
THE CAPITAL INVESTMENT IS MANAGEABLE
Dr. Reinhard Kohleick, Advisory Board Member, CT Executive Search
Have the companies you worked with relied on external consulting? What has been your experience with this?
Yes, we have frequently relied on external expertise, especially, when challenges arose or new projects were initiated. Working with consultants is always beneficial, when the necessary knowledge is not available within the company, and this need is recognized.
Guide to HR Compliance and Best Practices in China
The Guide to HR Compliance and Best Practices in China, introduces the fundamentals of HR management and labor compliance within the Chinese market. It covers:
- China’s Changing Labor Market.
- Understanding China’s labor law framework.
- Essential steps for effective employment management and HR compliance in China.
The Guide to Employment Contracts for Foreign Workers in Indonesia
Applying for an employment permit in Indonesia as a foreigner involves several steps and requirements. Here is a guide for foreign firms and professionals to navigate the system effectively.
Managing Recruitment Risks in China: A Comprehensive Approach
Recruitment carries inherent risks. Non-compliance with labor laws, as well as violations of employment equality and personal information protection regulations during the recruitment process, can result in administrative penalties or other legal consequences. Understanding the relevant risk points and compliance issues is crucial for businesses operating in China.
Czechia: Digitalization of labor law
A view at the new requirements for the successful electronic delivery of notices to the employee by the employer.
On 1 October 2023, an amendment to the Czechia's Labor Code came into force which, among various other things, has to some extent changed the terms on which certain notices may be given electronically.
Doing Business in Hong Kong 2024
An Introduction to Doing Business in Hong Kong 2024 covers the following:
- Why Hong Kong
- Establishing and Running a Business
- Tax, Audit, and Accounting
- Human Resources and Payroll
