Doing Business in Hong Kong 2023
Doing Business in Hong Kong 2023 introduces the fundamentals of investing in Hong Kong.
It covers the following:
- Why Hong Kong
- Establishing and Running a Business
- Tax, Audit, and Accounting
- Human Resources and Payroll
- Cybersecurity and data protection
HOW CLOSE IS GERMANY TO THE CZECH REPUBLIC AND SLOVAKIA?
CT Executive Search Press Release
How close are the economic ties between Germany, the Czech Republic and Slovakia? What is the current outlook regarding investment, nearshoring, bilateral trade, recruitment and executive search?
“The Czech Republic and Slovakia are important production sites for Western European and American companies, who benefit from favourable conditions and well-trained and experienced personnel. Currently, there is a high demand for skilled workers in both the Czech Republic and Slovakia. Our team of highly qualified experts continues to help German and other European companies successfully recruit personnel to top management positions. These are often people with in-depth knowledge of their countries and the international business environments. As global business priorities continue to change, we are always ready to assist companies in finding the right candidates for various positions in the Czech Republic and Slovakia.” – Christian Tegethoff, Managing Director, CT Executive Search
Doing Business in Indonesia 2023
An Introduction to Doing Business in Indonesia covers the following:
- Indonesia’s Positive Investment List
- Corporate establishment;
- Taxation;
- Human resources and payroll; and
- Audit and compliance.
China’s Changing Labor Market – Trends and Future Outlook
China’s labor market – the largest in the world – is undergoing a period of rapid change. As the population ages, the working-age population shrinks, and new forms of employment become more prevalent, China is seeking to upskill its workforce to increase value and efficiency. This article takes a look at the latest data on China’s labor force and discusses how demographic shifts, changing work attitudes and preferences, and industry trends will impact the trajectory of the country’s economic development.
New Requirements for Hiring a Foreign Employee in Malaysia
Companies in Malaysia should note the change in requirements for hiring a foreign employee in the country. Employers must now seek prior approval from the country’s Director General of Labor.
Essential Personal Finance Compliance Checklist for India as March 31 Deadline Approaches
As the current financial year in India ends on March 31, individuals must prioritize their personal finance checklist and ensure the timely completion of all outstanding financial tasks. To help individuals stay on track, here is a list of essential items that require their attention before the end of this financial year.
70 Years of the Ost-Ausschuss in 70 Pictures
Ost-Ausschuss der Deutschen Wirtschaft e.V.
„A good picture says more than 1000 words“. True to this motto, this book uses 70 photographs to trace important events and developments that have shaped the work of the Ost-Ausschuss over the past 70 years.
THE INDO-GERMAN MAGAZINE January - March 2023
A Guide to Minimum Wages in China in 2023
Minimum wages in China continue to rise.
As of April 12, 2023, Shanghai has the highest monthly minimum wage among 31 provinces (RMB 2,590/US$400 per month), and Beijing has the highest hourly minimum wage (RMB 25.3/US$3.9 per hour). 14 regions – Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Anhui, Fujian, Shandong, Henan, Hubei, Guangdong (including Shenzhen), Chongqing, and Sichuan – have surpassed the RMB 2,000 (US$308) mark in their monthly minimum wage standards.
Non-Residents In UAE Need Not Register For Corporate Income Tax
In the latest update to the UAE Corporate Tax regime, a non-resident person will not be required to register for tax if they only earn UAE-sourced income and do not have a permanent establishment in the UAE.
Top Recruitment Strategies in China in the Post-COVID Era
In the post-COVID era, finding suitable talent to help achieve business objectives and growth targets is a major challenge for companies in China. Knowing essential recruitment strategies can help businesses attract top-tier candidates, as talents are critical resources for companies of all sizes.
German-polish relations: prospects for job seekers
CT Executive Search Press Release
As demand continues to outweigh supply, on the Polish market, the employee is King.
So, what can one expect in terms of work conditions, responsibilities, remuneration and benefits?
These and other questions regarding the ongoing HR-trends, as well as German-Polish economic relations were answered at the webinar organised by CT Executive Search in cooperation with AHK Poland.
“Currently, with more and more companies setting up operation in Poland, there is an undeniable shortage of talent. However, in the past year, CT Executive Search has helped many of its clients successfully recruit senior management personnel. As requests keep pouring in, our team of top HR experts continues to expand its reservoir of top candidates, many of whom have been successfully appointed to executive positions in German and other international companies currently based in Poland. Our experience on the Polish market is vast, and we are always ready to help companies looking to set up successfully operations on the market.” – Christian Tegethoff, Managing Director, CT Executive Search
Poland: IT BUSINESS IS CLEARLY THE MOST CHALLENGING ONE
Marek Ambroziak Assignment Manager - Poland, CT Executive Search Europe, Warsaw
What makes recruitment in Poland special?
Poland is still in a very strong economic condition despite the high inflation of approx. 17 percent in 2022. The labour market is very demanding which has resulted in a lack of candidates who are qualified and motivated to change their jobs. The market is clearly in favour of the employee.
LIABILITY ISSUES FOR MANAGING DIRECTORS OF SUBSIDIARIES
Dominika Wągrodzka, Partner at BSJP/bnt, Warsaw
It is a truism to state that the director of a Polish company manages and is responsible for the affairs of the company. This applies not only to the company, but also to its creditors (in the event of ineffective enforcement against the company). Therefore, it is in the director's interest to look out for the welfare of the subsidiary in order to avoid his own liability.
THERE IS A LABOR SHORTAGE IN POLAND
Artur Kuśnierek, Sales Development Manager Poland at Jungheinrich Polska
What makes the Polish market so attractive to German companies?
The answers to this question are actually quite simple. First of all, there is the proximity to Germany, both geographically and culturally. Despite some differences, Poles and Germans see things essentially the same.
Poland, with its 38 million people, is an attractive market for the German economy and interesting as a production location due to its high performance. This applies to both corporations, as well as small and medium-sized companies.
A Guide to Popular Income Tax-Saving Investment Options in India
Here are a few popular investment options in India for income tax saving under the old tax regime under Sections 80C, 80CCC, and 80CCD (1).
An individual taxpayer who intends to choose the old tax system for the current fiscal year (FY) 2022–2023 must execute their tax-saving activities by March 31, 2023 or earlier. An individual may deduct up to INR 150,000 from their taxable income under Section 80C. By utilizing this deduction, a person’s taxable income decreases, which lowers their income tax obligation.
First Two Indian participants set foot in Germany via Hand in Hand for International Talents
Indo-German Chamber of Commerce
What is Hand in Hand for International Talents?
Hand in Hand for International Talents is a joint pilot project of the Federal Employment Agency and DIHK Service GmbH that was launched in 2020. As the topic of skilled migration is very relevant to German companies, the project is funded by the Federal Ministry for Economic Affairs and Climate Action. IGCC is the local implementation expert for the HiH project and is the first point of contact for all participants joining the project from India guiding them through the entire migration process.
Singapore Budget 2023: Impact for Employees
Singapore’s 2023 budget provides an array of support for local employees. This includes co-funding workers’ wages and encouraging the upskilling and reskilling of employees.
Singapore’s Budget 2023 of S$104.2 billion (US$78.1 billion) was unveiled on February 14, 2023, focused on seizing new opportunities amid global uncertainty and building new capabilities for Singaporeans.
The New UAE ID Card: Registration Form And QR Code Applications — An Explainer
The new mandatory UAE ID has an updated registration form, which allows residents to track their application’s status and change the date for their annual fingerprint scanning, according to an announcement made by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP). The ID card is required by all foreign residents such as those running businesses based in and living in the UAE.
Czechia: Working conditions for employees who take care of minors, within the context of the 2023 amendment to the Labor Code
At the close of January 2023, the Ministry of Labor and Social Affairs in Czechia published a revised version of the amendment bill to the Labor Code which reflects various comments that were made on the previous language. Before the year is out, the amendment is likely to deliver a number of changes that will make themselves felt e.g. with respect to the working conditions for employees who take care of children.
A Guide to Minimum Wages in China in 2023 (Last Updated on February 21, 2023)
Minimum wages in China continue to rise.
As of February 21, 2023, Shanghai has the highest monthly minimum wage among 31 provinces (RMB 2,590/US$400 per month) and Beijing has the highest hourly minimum wage (RMB 25.3/US$3.9 per hour). 13 regions – Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Henan, Hubei, Guangdong (including Shenzhen), Chongqing, and Sichuan – have surpassed the RMB 2,000 (US$308) mark in their monthly minimum wage standards.
TALENT IN INDIA IS HIGHLY ASPIRATIONAL
Sonal Thakker, Partner, Hunt Partners and Associate Partner, CT Executive Search
How do you assess the current demand for executives in India? In which areas is there a particularly large number of recruitments?
The Indian economy has greatly expanded in the post-pandemic phase – leading to twin dimensions of enhanced M&A activity and secular growth across industries. These factors have contributed to a considerable demand for CxO hiring in several industries and sectors.
The consumer internet sector – which has grown geometrically prior to, and during the pandemic - has witnessed CxO churn. We believe the shakeout at the management layer is driven by new unit-economics, a tightening funding environment, increased regulatory oversight, and finally – enhanced fiduciary requirements for entities that listed via IPOs. We see the demand for CxOs in areas such as finance, compliance, investor relations, and public/government affairs.
INDIA MEANS PATIENCE AND RELATIONS
Georg Graf, Regional Representative for India, Freudenberg Group and Past President, Indo-German Chamber of Commerce IGCC (AHK)
What specific challenges do European companies have to reckon with in India?
India is the youngest-connected-democracy in the world and is increasingly being considered a preferred partner in manufacturing across industries. European companies are beginning to realize that India is more than just a consumption market. As the Past President of the Indo-German Chamber of Commerce, I am happy that this is true for all German companies as well.
INDIA – EMPLOYMENT CONTRACTS FOR EXPATS
Ursula Hoffmann-Mukherjee, Senior Associate, Rödl & Partner India
Previous international experience will determine how much support the employee will require on site. Therefore, in addition to tax law and legal aspects, individual contract components should also be agreed in employment contracts for expats. This article is intended to provide an overview of the usual contract components in employment contracts for German expats in India.
Thailand Adopts Work from Home Bill: Implications for Employers
Thailand has made an amendment to the Labor Protection Act to offer the same labor rights to remote workers. Employers can allow employees to work outside the business premises using information technology, such as computers and smartphones.
If an employer and employee agree, they should specify the terms of remote work in a written format.