As a foreigner, opening a bank account in some countries in Asia can be challenging. However, in Vietnam, the process to open a bank account is less complicated, as long as all required documents are properly provided. The required documents may vary depending on the banks, but the basis documentation remains the same. I) Individual As an individual, whether it is a digital
Putting a company into dormancy in Singapore is often confused with the closing down of a company. A dormant company is a company that is not having any trading activities but have plans to recommence the business. If you are in this case, you can consider putting the company into dormancy, instead of closing it down, to reduce statutory obligations and costs. Business owners
In Hong Kong, non-Chinese foreigners must have a visa in order to be hired by a local company and work as an employee. This is known as an Employment Visa, which the company applies for as a ‘sponsor’ for the employee, or ‘applicant’. Criterias for eligibility The General Employment Policy (GEP) outlines the following work visa screening criteria of the Immigration Department of the
MBIA is sharing with you the lastest updates and measures for law firms and any related business in Singapore, following the government updates, for 2022, for Covid 19 vaccination at the workplace. Employees in Singapore who are fully vaccinated or have recovered from the disease within 270 days will be allowed to return to workplaces from 1 January 2022. All unvaccinated employees will
As part of the requirements for incorporating a company in Singapore, the Companies Act provides that every limited company (and LLP) shall have a registered office address in Singapore from the date of the company incorporation and throughout its existence. A registered office address is a valid address lodged with the ACRA at the incorporation of the company. As official address of the company,
The end of the year celebrations is coming soon. For most companies, it will also be the end of their financial year. Whether or not your company is audited, there are good accounting practice that you will need to look for before you decide to close your financial year accounts : Enter your income with your related expenses We frequently see bookkeeping done on
