Author Archive
Thai Legal System and Its Basic Laws
These regulations comprise Royal Decrees, Ministerial Regulations, Notifications of Directors General, as well as less formal policies and procedures followed by departments within the Thai government. The policies have not passed through the formal legal processes, but as a practical matter can be as significant as an Act of Parliament for one carrying out business […]
Hong Kong Urged to Reduce Corporate Taxes
Hong Kong’s economy has worsened sharply since early 2004, enabling the Chief Executive to promise in his election pledge to reduce the profits tax rate to 15 percent over his current term of office. This would form a reduction of nearly 14 percent from the current headline rate, enhancing Hong Kong’s reputation as one […]
‘Hard-Landing’ Warning for the Mortgage Market in South Korea
South Korea looks like it may be the next US, with a credit crunch looming and a property bubble nearing record size. Sluggish home sales have been recorded for yet another quarter, and a general economic downturn has pushed property developers, builders and related professions to the brink of bankruptcy. All this means the debt […]
Nationwide Shake-Up In The Chinese Property Market
All indications are showing us that short-term investment in China is not advisable, as government initiatives to slow down the economy are proving extremely effective. We see property developers losing money, a credit crunch looming, and share prices dropping in China. Selling is the flavor du jour, as doom and gloom sentiments grow on the […]
Real Estate Advice and Brokerage In Thailand
These specialists offer all kinds of services, so you can buy property through them, get impartial professional real estate advice and access the expertise of best Thai lawyers whom will advice on which way to buy either leasehold or freehold. These specialists also prepare all Thai documentation with English translations through to establishing a Thai […]
Comprehensive Tax Exemption Scheme in Singapore
The Hong Kong-based financial consultancy reports that, beginning in 2009 a newly launched company that sticks to specified conditions can claim a full tax exemption on the first 100,000 Singapore dollars (US$73,000) of normal chargeable income. This is apart from the 50 percent tax exemption provided to the next S$200,000, the report says.
Beginning in […]
Company Establishment in Thailand
Considering a private limited company, the Memorandum of Association and the Articles of Association sets forth the rights and responsibilities for the shareholders. Shareholders enjoy limited legal responsibility, up to the remaining unpaid amount of the par value of their shares. A minimum of seven shareholders is needed at all times. Foreigners may wholly own […]
Long Leases in Thai Property Market
Because of the longer stay - usually one month to three months in a year - they spend four to five times more during their visits in comparison with other tourists. This target group is therefore a segment that Thailand should concentrate upon, looking for quality over quantity. Ninety-nine per cent of the buyers of […]
Luxury Car Sales Booming in China
At the Beijing Auto Show organizers assigned 4,000 square meters of space for luxury cars, where top brands are displaying their new models.
Competition among luxury car brands in China is becoming more and more intense, with the latest indication of exciting times being the launching of Porsche AG’s new showroom in Shanghai last week. […]
Asian Shortage of Skills - Searching For Talents
In a survey conducted recently, 600 chief executives of multinational companies with businesses across Asia said a lack of qualified staff ranked as their biggest worry in China and South-East Asia. It was their second-biggest concern in Japan after cultural differences and the fourth-biggest in India after problems with infrastructure, bureaucracy and wage inflation. Across […]
