Blog
The Singapore Side Hustle Revolution: How Entrepreneurs Are Turning Passions into Profits
A conventional 9-to-5 job is no longer the sole route to achieving financial stability. A growing number of professionals, students, and retirees are embracing the side hustle revolution, turning their skills and passions into profitable ventures. Thanks to digital tools, online marketplaces, and social media, starting a side hustle has never been easier.
Types of Business Licenses in the UAE for Foreign Investors
The United Arab Emirates (UAE) is one of the most business-friendly destinations in the world, attracting entrepreneurs and investors from across the globe. To establish a business in the UAE, obtaining the right business license is crucial. The licensing requirements and available types vary depending on whether the company is set up in the Mainland, Free Zone, or Offshore jurisdiction.
Taiwan’s CFC Rules: Understanding Tax Obligations for Offshore Entities and Trusts
In an effort to safeguard its tax base and align with global standards, Taiwan implemented Controlled Foreign Corporation (CFC) rules effective January 1, 2023. These regulations aim to curb tax avoidance strategies that exploit offshore entities in low-tax jurisdictions.
Understanding Hong Kong Limited Company by Shares
Hong Kong stands out as a global business hub due to its favorable tax regime, easy company formation process, and robust legal framework. Among the various types of companies one can form in Hong Kong, the Limited Company by Shares is the most popular business structure.
Global Technology Corporations Plan to Move Their Supply Chains to Vietnam
The global technology industry is undergoing a seismic shift as corporations rethink their supply chain strategies. Increasing geopolitical tensions, rising manufacturing costs, and the imperative to diversify operations have catalyzed an exodus from traditional manufacturing strongholds. Vietnam, once overshadowed by its neighbors, has emerged as a premier alternative for technology corporations seeking a stable, cost-efficient, and strategically positioned manufacturing base.
From Paperwork to Profits: Why Incorporation Can Be a Game-Changer for Freelancers in Singapore
In the age of the gig economy, freelancing has become a popular career path for many professionals. From graphic designers and writers to developers and consultants, freelancers enjoy the freedom and flexibility of choosing their own clients and projects. However, as business grows, many freelancers eventually face a key decision: should they continue as sole proprietors or consider incorporating their business? Incorporation can be a game-changer, offering numerous advantages that can help freelancers scale their operations, protect their personal assets, and increase profits. In this article, we explore why incorporating a business can benefit freelancers, particularly those considering Singapore as an ideal base for their business operations.
Dubai Mainland Company Property Ownership: Can an LLC Buy Property in Dubai?
Dubai has always been a top destination for investors, thanks to its business-friendly regulations and booming real estate sector. Recent legal changes now allow 100% foreign ownership of Dubai mainland LLCs, eliminating the previous requirement of a UAE national sponsor. This has made it easier than ever for foreign investors to buy property through their mainland companies.
Advantages and Disadvantages of Setting Up an E-commerce Company in Taiwan
Taiwan is an attractive destination for foreign e-commerce businesses, thanks to its vibrant digital economy, high internet penetration rate, and strategic location in Asia. However, like any business decision, establishing a company in Taiwan comes with its own set of advantages and disadvantages. Below, we explore the pros and cons of setting up a foreign e-commerce company in Taiwan.
Understanding the Regulatory Landscape for Hong Kong Businesses: What You Need to Know
Hong Kong, one of the world’s leading business hubs, offers a stable and attractive environment for entrepreneurs. Whether you’re considering setting up a new business or expanding an existing one, understanding the regulatory landscape in Hong Kong is crucial to ensuring compliance and avoiding costly penalties.
How to Use e-PCB Plus for Accurate and Timely Tax Deductions in Malaysia
In Malaysia, individuals and businesses are required to comply with the nation’s taxation system, which includes the Potongan Cukai Berjadual (PCB), or the monthly tax deduction system. The Lembaga Hasil Dalam Negeri (LHDN), Malaysia’s Inland Revenue Board, has developed the e-PCB Plus system to simplify the calculation and management of PCBs. This online platform allows taxpayers, particularly employers and employees, to compute the required PCB for monthly income and deductions.
Hong Kong 2025-26 Budget: Comprehensive Support for Small and Medium Enterprises (SMEs)
The Hong Kong 2025-26 Budget, announced by Financial Secretary Paul MP Chan, focuses on fortifying Hong Kong’s economic resilience while introducing policies to support small and medium enterprises (SMEs). As a vital component of the city’s economic framework, SMEs contribute significantly to employment, innovation, and economic growth. This year’s budget introduces financial assistance, tax incentives, market expansion initiatives, and digital transformation support to empower SMEs amid global economic challenges.
Corporate Tax in UAE: Everything Businesses Need to Know in 2025
The introduction of corporate tax in the UAE has transformed the business landscape, requiring companies to stay compliant with new regulations. With 2025 underway, businesses must understand the latest tax policies, rates, exemptions, and compliance requirements. This guide covers everything you need to know about corporate tax in the UAE and how Premia TNC UAE can help businesses navigate this tax regime seamlessly.
A Guide to Business Income Tax Filing: Essential Knowledge for Entrepreneurs
As May approaches, tax filing season begins. If you’ve recently started a business, terms like Business Income Tax and Business Tax may seem confusing. Filing taxes correctly is crucial for compliance and financial health. This guide explains what Business Income Tax is, how to file it, and how it differs from Business Tax.
Understanding the Right of Abode in Hong Kong
Hong Kong is known for its dynamic economy, high-quality living standards, and strategic location in Asia. As a Special Administrative Region (SAR) of China, Hong Kong operates under its own legal and immigration system, offering unique advantages for residents and business owners. Among the most sought-after immigration statuses is the “Right of Abode” in Hong Kong. This status allows individuals to live, work, and access social benefits in Hong Kong without any immigration restrictions. For expatriates, business owners, and families looking to establish permanent residency, understanding the right of abode is essential. This article will explore what the right of abode in Hong Kong entails, how one qualifies for it, and the process for obtaining this valuable status.
Regulation on the Import and Distribution of Medical Devices in Vietnam
Vietnam’s healthcare sector has been undergoing a significant transformation over the past decade, fueled by increasing government investment, rising healthcare demand, and a growing population that is living longer. The rapid adoption of advanced medical technologies has necessitated a strong regulatory framework to ensure patient safety, product quality, and compliance with global standards.
How Malaysia’s Payroll Updates Impact Remote Workers and International Employees
The rapid global expansion of remote work has given rise to numerous complexities, especially when it comes to payroll and compliance. As businesses in Malaysia increasingly employ remote workers from around the world, recent payroll updates in the country are having significant implications for international employees, particularly those working from overseas. These changes bring about new challenges, particularly in areas like tax calculations, statutory contributions to the Employees Provident Fund (EPF), Social Security Organization (SOCSO), and more. In this blog, we’ll explore how Malaysia’s payroll updates are affecting remote workers and international employees, and the important considerations that Malaysian employers must keep in mind.
The Trust Economy: Why Trust is the New Currency in Business
Would you buy from a company you do not trust? Neither would your customers. In today’s digital-first economy, trust is the difference between success and failure. With rising scams, misinformation, and corporate scandals, businesses must work harder than ever to gain and keep consumer confidence. The companies that prioritize trust are thriving, while those that do not are losing customers overnight.
Hong Kong’s Country-by-Country Reporting (CbCR): A Guide for Multinational Enterprises
As part of the global initiative to enhance tax transparency and combat tax avoidance, Hong Kong has implemented Country-by-Country Reporting (CbCR) requirements in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This regulation impacts multinational enterprise (MNE) groups with significant global revenue, ensuring tax authorities have access to key financial data for tax assessment.
This article provides an in-depth look at Hong Kong’s CbCR framework, its applicability, filing requirements, and compliance considerations for multinational businesses.
How to Launch Your Dropshipping Business in Dubai in 2025
Dubai’s thriving e-commerce sector makes it one of the best places to start a dropshipping business in 2025. With its tax-friendly policies, strategic location, and digital-friendly market, Dubai offers immense opportunities for online entrepreneurs. Whether you’re a new business owner or an experienced e-commerce seller looking to expand, this guide will walk you through the step-by-step process of launching a successful dropshipping business in Dubai.
Conditions and Procedures for Establishing an EPE Enterprise (Export Processing Zone) in Vietnam
Vietnam has emerged as a major destination for foreign direct investment (FDI) in Southeast Asia, with its strategically located Export Processing Zones (EPZs) playing a vital role in the country’s economic expansion. These zones, designed to attract investment in export-oriented industries, offer a host of benefits to businesses that qualify as Export Processing Enterprises (EPEs). An EPE is a specialized entity operating within an EPZ and is granted a preferential regulatory and financial framework to facilitate international trade.
Setting Up a Business in Taiwan? Here’s How to Apply for Your Work Permit & ARC
Taiwan offers a thriving business environment for foreign entrepreneurs looking to establish and grow their ventures. Once a business is successfully registered, obtaining a work permit and an Alien Resident Certificate (ARC) becomes essential for legal employment and residency. This guide provides a step-by-step overview of the application process, eligibility criteria, and required documentation to help foreign professionals navigate the system efficiently.
Expat’s Guide to Living in Hong Kong: Essential Tips and Professional Assistance
Hong Kong is a bustling, cosmopolitan city that attracts expats from all over the world. Known for its dynamic economy, rich cultural diversity, and vibrant lifestyle, it’s no surprise that the city is often ranked as one of the top destinations for expatriates. Whether you are moving to Hong Kong for work, studies, or personal reasons, there is much to learn and explore.
From Fads to Phenomena: How Viral Trends Influence Business Strategies in Singapore
In today’s fast-paced digital world, viral trends have evolved from fleeting moments to key drivers of global business strategies. With the rise of social media and a hyper-connected consumer base, businesses must be agile and responsive to these trends to stay relevant. However, these trends can be unpredictable—what’s viral today may be forgotten tomorrow. Yet, companies that can effectively adapt and capitalize on these cultural moments can boost their visibility, engage their audience, and grow their market share. In Singapore, a dynamic business hub with an ever-evolving market, understanding the role of viral trends is essential for companies aiming to thrive. This article will explore how businesses can adapt to fleeting cultural moments, leveraging viral trends to influence their strategies and grow in a globalized economy.
Comparing MDEC vs. ESD: Malaysia’s Working Visa Options
Malaysia, a burgeoning hub for international talent, offers multiple avenues for foreign professionals to work and reside within its borders. Among these, the Malaysia Digital Economy Corporation (MDEC) and the Expatriate Services Division (ESD) stand out as key gateways for obtaining work visas. Both pathways serve distinct purposes and cater to different professional needs, making it crucial for expatriates and employers alike to understand their differences.
Procedures for Registering Health Protection Food in Vietnam
The health food industry in Vietnam is flourishing, driven by increasing consumer awareness of nutritional supplementation and wellness products. Health protection foods, including functional foods and dietary supplements, play a significant role in supporting public health. However, due to their potential impact on well-being, the Vietnamese government has instituted stringent regulations to ensure consumer safety and product efficacy.
The Future of Payroll in Malaysia: Trends to Watch in 2025 and Beyond
Payroll management in Malaysia, as with the rest of the world, is undergoing significant transformation. As businesses adapt to the evolving digital landscape, the future of payroll in the country looks set to be shaped by several dynamic trends. From automation and artificial intelligence (AI) to more personalized employee benefits and regulatory shifts, businesses must stay attuned to these changes to remain competitive, compliant, and efficient.
Business Setup in Dubai Mainland: A Complete Guide
Dubai has positioned itself as a premier global business destination, drawing entrepreneurs and investors worldwide with its thriving economy and investor-friendly landscape. Its strategic location, investor-friendly policies, and dynamic economy make it an ideal destination for starting a business. Among the various business jurisdictions in Dubai, setting up a company in the mainland offers significant advantages, including access to a broader market and fewer restrictions on business activities. This guide provides a step-by-step approach to setting up a business in Dubai Mainland, covering legal requirements, costs, benefits, and how Premia TNC UAE can help streamline the process.
The Introduction of Typhoon Leave and its Impact on Business
In Taiwan, employers are required by law to enroll employees in Labor Insurance (LI) and National Health Insurance (NHI). These programs provide vital protections, including healthcare and income replacement in case of illness, injury, or retirement. This guide outlines the key responsibilities of employers, the consequences of non-compliance, and why meeting these obligations is essential.
Hong Kong’s Role in China’s Economic Development and the Importance of Banking Services
Hong Kong has long been recognized as a global financial hub, and its role in China’s economic development is crucial. As the gateway between China and the rest of the world, Hong Kong offers businesses an international platform to connect with the vast opportunities in mainland China. The city plays a significant part in facilitating cross-border trade, investment, and financial flows, supporting China’s growth and modernization. One of the key aspects of Hong Kong’s influence in China’s economic development is its world-class banking system, which supports both domestic and international businesses. This article explores Hong Kong’s role in China’s economic development, particularly how banking services in the region have become integral to businesses looking to expand or engage with the Chinese market.
The Looming Trade War Under Trump’s 2nd Term: What Singapore Businesses Need to Know
Now that Donald Trump has officially won his second term as President of the United States, global markets are bracing for another round of trade wars, tariffs, and international tensions. Trump’s first term introduced significant changes to the world’s trade dynamics, particularly with his aggressive policies on tariffs, sanctions, and international agreements. As we enter his second term, businesses across the world, including those in Singapore, need to understand the potential consequences of these trade policies. With Singapore’s status as a global trade hub, the ramifications of a renewed trade conflict with the U.S. could be wide-ranging.
How Foreigners Can Start a Business in Hong Kong (Without Living There)
Hong Kong is one of the world’s most business-friendly jurisdictions, attracting entrepreneurs and investors globally. With its low corporate tax rate, strategic location, free-market economy, and efficient company formation process, Hong Kong remains a top choice for business incorporation.
Hong Kong Company Formation Costs: Everything You Need to Know
This comprehensive guide details all the essential costs involved in forming a company in Hong Kong, including government fees, professional services, and ongoing maintenance expenses.
Hong Kong Company Annual Return vs. Business Registration Fee: Key Differences
Hong Kong is one of the most attractive business hubs in the world due to its business-friendly environment, low tax rates, and ease of company incorporation. However, company owners must remain compliant with various regulatory obligations, including the Annual Return filing and the Business Registration Fee payment.
Comparing Hong Kong’s Company Registry Fees with Other Global Business Hubs
When deciding where to establish a company, entrepreneurs consider several factors, including tax benefits, ease of registration, and regulatory costs. Among these considerations, company registry fees play a crucial role in determining the feasibility and cost-effectiveness of setting up a business in a particular jurisdiction.
Business Registration Fee for HK Entity: Costs, Requirements & Updates
Hong Kong is widely recognized as one of the most business-friendly locations in the world, offering a simple and efficient company registration process. Whether you are a local entrepreneur or an international investor looking to set up a business, understanding the business registration fee for an HK entity is crucial.
In this guide, we will cover the costs associated with business registration in Hong Kong, the registration process, and other essential details to ensure compliance with local regulations.
Vietnam Regulations for Foreign Investors Operating Restaurants Outside Shopping Malls
Vietnam’s culinary landscape has witnessed a remarkable transformation, evolving into a vibrant hub that attracts gastronomes and entrepreneurs alike. The nation’s rich tapestry of flavors and its burgeoning middle class present a fertile ground for foreign investors aiming to establish standalone restaurants beyond the confines of shopping malls. However, venturing into this dynamic market necessitates a comprehensive understanding of Vietnam’s regulatory framework to ensure seamless operations and sustainable success.
Malaysia Budget 2025: A Bold Step Towards Social Inclusion, Fair Wages, and Enhanced Retirement Savings
The Malaysian government’s Budget 2025 is a forward-looking set of initiatives aimed at improving the welfare of the nation’s workers, encouraging social inclusion, and enhancing the financial security of all citizens, especially in retirement. Among the key highlights, the government has outlined several measures that focus on raising the minimum wage, increasing opportunities for marginalized groups, and boosting retirement savings for individuals outside the formal employment system. In this post, we will take a closer look at these significant measures and their potential impact on workers, businesses, and the Malaysian economy at large.
UBO Regulations in the United Arab Emirates: A Complete Guide
The United Arab Emirates (UAE) has emerged as a global hub for trade, tourism, and business over the past few decades. With its strategic location, world-class infrastructure, and investor-friendly policies, the country offers a fertile ground for entrepreneurs and multinational corporations. However, as with any nation, certain business activities in the UAE are subject to regulation to ensure compliance with national laws, safeguard public interests, and promote sustainable development. This article explores the key regulated business activities in the UAE, the licensing process, and the importance of adhering to regulatory frameworks.
About Regulated Business Activities in the UAE
The United Arab Emirates (UAE) has emerged as a global hub for trade, tourism, and business over the past few decades. With its strategic location, world-class infrastructure, and investor-friendly policies, the country offers a fertile ground for entrepreneurs and multinational corporations. However, as with any nation, certain business activities in the UAE are subject to regulation to ensure compliance with national laws, safeguard public interests, and promote sustainable development. This article explores the key regulated business activities in the UAE, the licensing process, and the importance of adhering to regulatory frameworks.
South Korea’s Oil Refining Industry and Its Evolution in Overseas Markets
South Korea’s oil refining industry has been a cornerstone of its economic development, evolving from modest beginnings to a globally significant sector. This article explores the historical progression, current state, and future prospects of the industry, with a focus on its strategies for expanding into overseas markets.
How Foreigners Can Establish an Interior Design Company in Taiwan
When setting up a business in Taiwan, understanding and integrating the trends of Generation MZ (comprising Millennials born between 1981-1996 and Gen Z born between 1997-2012) is crucial. Their values, consumption habits, and work styles are reshaping the modern business landscape. In this article, we will explore how to apply these trends when establishing a company in Taiwan, in order to build a business model that meets the needs of Generation MZ.
Types of Companies in Hong Kong: Understanding Bank Account Requirements and Services
Hong Kong is globally recognized as one of the most significant financial hubs, attracting businesses and entrepreneurs worldwide due to its strategic location, favorable tax policies, and robust economic environment. As one of Asia’s most vibrant business centers, the city offers an array of opportunities for international and local entrepreneurs. However, to fully leverage the benefits of doing business in Hong Kong, it is crucial to understand the various aspects of operating a company here, especially when it comes to banking. One of the first steps in setting up a business is opening a bank account, which plays a vital role in handling financial transactions, ensuring legal compliance, and maintaining smooth operations. This article explores the importance of opening a bank account in Hong Kong, the steps involved, the different types of bank accounts available, the required documentation, and the benefits of seeking professional assistance when necessary.
Understanding Signature Chop, Round Chop, and Common Seal in Hong Kong
In Hong Kong, the use of signature chops, round chops, and common seals is integral to business operations, serving as tools for authentication, authorization, and formal documentation. While their functions may overlap in some contexts, each has a unique role and purpose, often dictated by legal, corporate, or cultural practices. This article explores these three instruments, delving into their characteristics, uses, and relevance in Hong Kong’s corporate landscape.
The Language of Success: How Multilingualism Impacts Global Business Growth in Singapore
In today’s interconnected world, language is more than just a tool for communication—it’s a gateway to global opportunities. As businesses aim to penetrate diverse markets, multilingualism has emerged as a cornerstone for success. Singapore, with its multicultural and multilingual environment, serves as a prime example of how embracing language diversity can propel businesses toward unprecedented growth. This article explores the profound impact of multilingualism on global business expansion and why Singapore stands as an ideal hub for such ventures.
Streamlining Payroll Management in Malaysia: A Comprehensive Guide to e-PCB Plus
Managing payroll and tax deductions for employees is one of the most critical administrative tasks for any business. The process requires accuracy, timeliness, and adherence to tax laws to avoid penalties or compliance issues. Recognizing the challenges faced by employers and payroll administrators, Lembaga Hasil Dalam Negeri (LHDN) has introduced the e-PCB Plus system, a modernized platform designed to replace the outdated PCB (Potongan Cukai Berjadual) system. This transition brings numerous benefits, including automation, increased accuracy, and enhanced efficiency in managing monthly tax deductions.
The Micro-Boom of E-Commerce Business in Singapore: How Nano and Micro Enterprises Are Thriving Globally Through E-Commerce
The global business landscape is evolving rapidly, and nano and micro enterprises are emerging as key players in the e-commerce ecosystem. Defined by their minimal resources and small-scale operations, these businesses are leveraging e-commerce platforms to reach customers worldwide and thrive in ways that were previously unimaginable. In this article, we explore how these enterprises are flourishing globally, the role of e-commerce in their success, and why Singapore is an ideal launchpad for entrepreneurs looking to establish their own micro ventures.
Regulations Governing Vietnam’s Rice Import and Export for Foreign Direct Investment (FDI) Companies in Vietnam
Vietnam’s agricultural sector is a cornerstone of its economy, and the rice industry occupies a central role. The increasing participation of foreign direct investment (FDI) companies in this space highlights the industry’s growing internationalization. Regulations governing rice import and export are critical to ensuring fair trade, sustainability, and economic stability, especially when applied to FDI companies navigating Vietnam’s legal landscape.
Maximizing Tax Efficiency for Profit-Seeking Enterprises: Essential Strategies for Business Growth (Part 2)
In the previous article, we discussed essential tax-saving strategies such as selecting the optimal business structure, reporting deductible expenses, choosing the right inventory valuation method, estimating allowances for bad debts, and depreciation techniques. In this follow-up, we’ll explore advanced strategies, diving into areas like managing assets, leveraging tax treaties, and utilizing investment credits. These insights will help businesses maximize tax benefits and maintain compliance.
Overview of South Korea’s Consumer Goods Industry
South Korea’s machinery industry stands as a pivotal component of its industrial economy, significantly contributing to both domestic growth and international trade. This article examines the current trends in machinery development and the dynamics of import-export activities within the sector.
10 Things to Know Before Launching a Business in UAE/Dubai
Dubai and the UAE have established themselves as global business hubs, attracting entrepreneurs worldwide. With business-friendly policies, tax advantages, and world-class infrastructure, the UAE is one of the top destinations for startups. However, launching a business in Dubai or anywhere in the UAE requires preparation and a clear understanding of the legal and operational framework. This checklist will guide you through the top ten things to know before starting your entrepreneurial journey.
Can Hong Kong Company Directors Live Abroad? Key Requirements and Responsibilities Uncovered
Transferring shares in a Hong Kong company is a common transaction that often arises in corporate restructures, changes in ownership, or investment scenarios. This process, while straightforward in many cases, requires adherence to specific legal requirements and procedural steps to ensure compliance with Hong Kong’s Companies Ordinance and the company’s articles of association. In this guide, we explore the requirements and steps involved in transferring shares of a Hong Kong company, providing essential insights for shareholders, directors, and stakeholders.
The Festival Factor in Singapore: How Celebrations Around the World Impact Business Cycles
Festivals hold a unique place in global commerce, acting as both cultural cornerstones and economic drivers. Around the world, celebrations bring people together, sparking increased consumer activity and creating opportunities for businesses to thrive. For entrepreneurs looking to incorporate a company in Singapore—a global hub for trade and commerce—understanding how festivals influence business cycles is invaluable. This article explores the profound impact of global celebrations on commerce, highlights opportunities for alignment, and provides actionable insights for businesses in Singapore.
Diving into Malaysia Data & Compliance Report (DCR) 2024
In an era of heightened regulatory scrutiny, financial and non-financial institutions must navigate complex reporting requirements to remain compliant with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. A crucial element in this compliance journey is the DCR introduced by Bank Negara Malaysia (BNM) as part of the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001 (AMLA). Since its implementation, the DCR has become an indispensable tool for firms in designated sectors, enabling self-assessment and regulatory oversight.
Top Emerging Industries to Incorporate a Business in Dubai in 2025
Dubai is a global hub for business and investment, attracting entrepreneurs and investors from all over the world. With its strategic location, investor-friendly policies, and a robust financial ecosystem, setting up an investment company in Dubai can be a lucrative opportunity. This guide will walk you through the essential steps to establish your investment company in Dubai while ensuring compliance with local regulations.
