The EVFTA, most commonly known as the European Union Vietnam Free Trade Agreement has come into force the 1st of August 2020 in Vietnam. The main objective is to abolish most of custom duties within 10 years. This ambitious partnership has already borne fruit since roughly 70% of the custom duties have been mutually eliminated since last summer. As for the COVID-19 pandemic, it
Member of the ASEAN since 1967, Singapore maintains an optimal position within South-East Asia to attract foreign investments. Its entire English legislation makes it very accessible for everyone. Moreover, Singapore offers a secure and stable economic environment which suits perfectly any company project. With low corporate tax and many other conveniences, the Private Company Limited by Shares is the go-to entity form. Necessary requirements
Singapore’s Minister for Finance, Mr. Heng Swee Keat, has recently delivered a speech about the future 2021 Budget to the Parliament. Here is a summary. The year 2020 was extremely concerning for Singapore evidently due to the COVID-19 outbreak. Although this sanitary crisis received strong awareness from the government (100S$ billion budget plan), the country has faced the biggest deficit in its history since
As we close out 2020 and plan for 2021, January is a good time to revisit the various reporting timelines and requirements. As a company director or finance professional, there are a range of filing obligations to note. These include company registration confirmations, filing of accounts and tax filings. In the article below we will summarise these requirements for private companies in Singapore and
Vietnam is a country infamous for its bureaucratic system. In order to modernize this narrative, a new Labour Code has recently come into force the 1st of January 2021 with the ambition to shake things up. In the meantime, the COVID-19 pandemic has struck for already one year (1). The dreadful consequences it had on the workplace environment are unquestionable. Companies had to adopt
Singapore Exchange (SGX) has recently acquired 93 per cent of Scientific Beta* shares. The Singapore holding of the EDHEC Endowment Fund (SHEEF) will own the rest 7 per cent to allow the EDHEC Business School to retain a board seat. The cost of this operation reached 279S$ million and will offer a much diverse range of products to investors. *Scientific Beta, initially established in 2011 by the EDHEC Business School, is a research-based
