Leverage Executive Headhunting to Drive Innovation and Change
Organizations face the ever-increasing challenge of staying ahead of the competition and driving innovation. To achieve this, it is crucial to have exceptional leaders who can navigate complexities, inspire teams, and foster a culture of change.
This is where executive headhunting plays a pivotal role.
India’s Outlook for 2024-25: Key Growth Areas and Investment Prospects
India’s economy is on track to reach 6.5 percent growth in the fiscal year 2024-25 and will hit 7 percent in 2026, according to latest estimates from S&P Global. Data from the quarter ending September showed the Indian economy expanded 7.6 percent year-on-year.
This positions the country as a compelling foreign investment hub, which is also set to overtake China’s growth forecast of less than 5 percent in 2024. Even by the IMF’s conservative estimates, India will emerge as the world’s third-largest economy by 2027...
The Importance of Strategic Board Succession Planning
In the dynamic landscape of corporate governance, proactively managing board succession and the seamless transition of leadership is crucial for long-term organizational success. Board succession planning plays a vital role in ensuring continuity, stability, and effective decision-making.
Kuwait’s Economy: Opportunities, Challenges, & 2024 Outlook
The Kuwait Vision 2035, or “New Kuwait”, aims to transform Kuwait into a regional and international financial and commercial hub and attract global investment.
The 2035 vision plan seeks economic reforms, diversification, becoming a financial and commercial center, and increasing attractiveness for foreign investors in the sector of strategy, including information technology, communication, renewable energy, electricity and water, tourism, healthcare, and education.
Thailand Issues New Investor Visa for Eastern Economic Corridor
Thailand’s Eastern Economic Corridor (EEC) has issued a new investor visa in a bid to boost foreign investments in targeted industries. The new visa scheme will be implemented on January 1, 2024.
The new EEC visas are categorized into four types:
- Specialists: EEC Visa “S”
- Executives: EEC Visa “E”
- Professionals: EEC Visa “P”
- Spouses and dependents: EEC Visa “O”
Recruiting in India: Key Considerations for Foreign Companies
When expanding hiring efforts to a new market like India, understanding the workforce landscape and employment regulations is paramount. This article explores key insights for recruiting in India and offers cost-effective strategies for international firms. Optimize your recruitment process in India with these essential tips.
New Version of Foreign Permanent Resident ID Card to be Issued in China Starting December 1, 2023
China’s National Immigration Administration unveiled an upgraded Foreign Permanent Resident ID Card, effective from December 1, 2023, with design improvements and enhanced functionality. We explain the key changes in the new Foreign Permanent Resident ID Card and benefits for applicants.
Navigating ESIC and Provident Fund Registration for Companies in India
ESIC and PF schemes: Key points for company compliance
As a company crosses the threshold of 10 employees in India, mandatory registration under ESIC becomes imperative.
When the employee count hits 20 or more, PF registration is mandatory.
However, businesses have the flexibility to proactively apply for PF registration at any point, offering tax-saving benefits to their workforce.
Germany’s trade with the GCC, 2023/24 Status and Prospects
Germany is adjusting its relations with the GCC. Previously, Germany’s economic interaction with the GCC was mostly due to non-energy exports in the manufacturing, infrastructure, or service sectors. However, Germany has entered into new energy partnerships with the GCC to diversify its energy supply.
China’s Visa-Free Policies: Latest Updates
After almost three years, China has finally reopened its borders to international travelers.
This means China has begun permitting people with valid travel documents that allow visa-free entry back into the country and has once again started issuing its short-stay entry permits that are available on arrival for citizens of certain countries.
Udemy Business 2024 Global Learning & Skills Trends Report
A single factor could ultimately determine whether a company can execute its business strategy and deliver on its goals: skills. Do your employees have the skills they need to drive personal and business growth? More and more companies are starting to understand the value of the skills-based economy, and, as a result, they are evolving to become skills-based organizations. The question is: Are you ready?
Dubai Announces US$67.1 Billion Budget for 2024-2026
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the fiscal cycle of 2024-2026, with total expenditures of AED246.6 billion (US$67.1 billion).
The spending plan reflects the emirate’s economic recovery and boosts its ambitions to stimulate the macro-economy and support the objectives of the Dubai Strategic Plan 2030 development project as well as the Dubai Economic Agenda “D33”.
Service Contracts in Vietnam: What You Need to Know
Foreign firms in Vietnam occasionally face a skills gap when undertaking certain functions or projects. Traditionally, they would hire an employee under a labor contract to address this gap. However, for temporary tasks or projects, firms may opt for a service contract as a more suitable alternative.
But what exactly are service contracts, and how do they differ from labor contracts?
Saudi Arabia Starts 12 Month, Multi Entry E-Visa Service
Muhammad Aba Hussein, the Undersecretary of the Saudi Ministry of Investment for Integrated Investor Services, has announced that potential foreign investors and employees of foreign companies can apply for an electronic visit visa to Saudi Arabia through the platform affiliated with the Ministry of Investment, named “Invest in Saudi Arabia”.
Employee Handbook in China: Key Points for HR Compliance
The employee handbook plays an important role in human resources management in China, which not only sets forth daily management rules but also provides guidelines on employees’ behaviors in the workplace. However, not all employee handbooks are effective. It is imperative to ensure your employee handbook is made following the right procedures and is up to date.
Talent Availability in India’s Tier-2 Cities
Talent availability across Tier-2 cities in India are allowing multinational companies, including both services and manufacturing firms, to set up in more cost-effective destinations. We look at the latest industry data from 2022 spotlighting prominent Tier-2 cities and their hiring potential for BFSI, manufacturing, and IT service sectors.
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.
