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China, the world’s second-largest economy with an estimated GDP of 14.5 trillion dollars, is one of the first places foreign investors look when considering expanding their enterprise. With low-cost labor, a substantial domestic market (given its enormous population), and strategic geographical location, China is a global economic powerhouse with an unparalleled manufacturing sector. Read more about Payroll Compliance in China.
Singapore has a well-developed market, skilled workforce, and a robust corporate infrastructure that makes it an excellent place to expand your business. According to the World Bank, Singapore is the second easiest nation in which to conduct business (after New Zealand).
The business climate of Singapore has its foundation set in globalization, focusing on the principles of quality, reliability, productivity, and integrity. It is vital to gain basic knowledge of the local laws and regulations if you wish to form a company in Singapore. Here is a breakdown of the country’s corporate compliance requirements and the challenges associated with them:
If you have employees in multiple countries, you know global payroll is not easy. So many factors go into managing payroll – local in-country regulations, tax and filing deadlines, statutory requirements – the list goes on. What are the key factors to successful, compliant payroll across all countries? Here are some of the top priorities for global payroll to consider:
In Vietnam, there are many factors to consider when hiring employees. Background checks, terms of employment, minimum wage, laws on discrimination, and harassment are just a few of the considerations. Employment relationships are currently regulated using the 2012 Labor Code but will be supplanted by a new code coming into effect on 1st January 2021. Learn more about Employment Benefits in Vietnam.
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