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.
An Introduction to Doing Business in India 2023 for EU Businesses
This guide covers the following topics:
- India’s investment climate
- Foreign trade scenario: Policy and procedures
- India-EU investments, trade, and potential for collaboration
- Human resources and payroll
Human Resources & Payroll in China 2023 (10th Edition) covers the following:
Human Resources & Payroll in China 2023 covers the following:
- Hiring Staff
- Staff Administration and Payroll
- Terminating Employees
- Employing Foreign Workers
- Privacy and Data Protection
A Guide to Singapore’s Labor Law
The field of human resource management in Singapore has undergone significant advancements in response to the dynamic and competitive market environment, especially from the mid-1990s onwards. National-level policies and strategies have been devised to optimize the utilization of human capital and facilitate substantial transformation. The Singaporean government has consistently advocated for a centralized approach to human resource management, while foreign investment has continued to play a significant role in shaping the landscape.
The Power of Knowledge Management in Recruiting Top Talent
When we reach out to potential candidates, having access to tailored templates and adaptable models for candidate outreach can save time and ensure a consistent, yet specific approach across different candidates and searches. Nowadays, quick and relevant communication is expected. And knowledge management ensures that it can be delivered.
...strategic information and knowledge management in recruiting top talent not only saves us an enormous amount of time but also ensures quality, reliability, consistency, efficiency – and success.
Wage costs are increasing noticeably and steadily
René Harun Managing Director AHK Services, Subsidiary of the German-Czech Chamber of Industry and Commerce (AHK), Prague
What impact does the Czech Republic have on the German economy?
The Czech Republic's impact on the German economy is grossly understated. This could be for a number of reasons, amongst which are the lack of relevant media coverage, and preference being given to the supposedly more "exotic" countries such as Russia, China, Iran, or South America. In the end, many tend to forget that the Czech Republic plays a significant role in the development of the German economy. The country is Germany's tenth most important foreign trade partner, with a new foreign trade record of 113 billion euros in 2022.
I have a long candidate blacklist
Lubica Zaťková Assignment Manager Czech Republic & Slovakia at CT Executive Search, Prague
How difficult is it to find the right candidates in the Czech market?
Of course, it strongly depends on the position to be filled. However, in general, I can say that it is very difficult in the field of skilled workers. This is especially true for more remote areas without good infrastructure. Many candidates are inflexible and not willing to relocate, even if there are welcome bonuses or relocation packages.
Slovak skilled workers, who used to be widespread in the Czech Republic, are now hardly coming here anymore. Salaries in Slovakia have now reached Czech levels in many places, so the incentive is not as great anymore.
Updates on Foreigners' Law in the Czech Republic
Dr. Stephan Heidenhain bnt – attorneys-at-law s.r.o., Prag
EU citizens and British citizens who already had a residence permit in the Czech Republic by the end of 2020 can stay in the country without a residence permit. Family members of EU citizens (including British citizens and EEA and Swiss citizens) can obtain a residence permit relatively easily. The provisions for stateless individuals were included in § 170d of the Act on Foreigners in 2021.
Doing Business in Dubai 2023
This brand new, 120 page publication is a unique introduction to the United Arab Emirates with a special focus on Dubai. It deals with the corporate legal, tax and compliance mechanisms involved in establishing and managing a business in Dubai and contains all the latest details of the new 2023 Dubai tax code, set to come into effect from June 1st, 2023.
Clarifying UAE Individual Income Tax Liabilities & Exemptions For Residents and Non-Residents
Recent cabinet decisions clarifying Individual Income Tax liability and exemptions have just been issued before the June 1st new tax regime. Individuals in the UAE should pay immediate attention to these new rules regarding:
- Individual Income Tax Threshold
- Determining Business Activity
- Salary, Personal Investments and Real Estate Investments
