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2023.11.28 China
Invest in China - The Chinese Individual Tax Subsidies for Expats in GBA
Investing in China can be influenced by various factors, including tax incentives and subsidies provided to expatriates in regions like the Greater Bay Area (GBA). The Chinese government has been implementing initiatives to attract foreign talent and foreign direct investments to the GBA by offering tax subsidies and incentives to eligible expats.
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2023.11.14 India
Understanding Indian Contracts for Foreign Investors
Commercial contracts in India as well as in any other country are a legally binding agreement that regulate business relationships between entities or individuals, which involve the performance of the matter prescribed in the contract. Under such contracts, parties are obligated to do or restrain from doing stipulated acts and usually include binding terms, in regard to all aspects of business such as hiring, wages, leasing, insurance, loans, termination and employee status and safety. In this article we would like to highlight the most common types of contract that local and foreign companies are frequently involved in while doing business with India, by representing their main characteristics.
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2023.11.08 China
Invest in China: Exploring Beijing's "Two Zones"
This year marks the third year of construction for the Beijing’s “Two Zones”. Since Chinese President Xi announced support for the development of a national integrated demonstration zone for greater openness in the services sector and the establishment of a pilot free trade zone characterized by scientific and technological innovation, openness in the services sector, and the digital economy at the opening ceremony of the 2020 China International Fair for Trade in Services (CIFTIS), Beijing has been actively constructing these “Two Zones”.
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2023.11.07 China
The Apostille Convention is Officially Effective in China
Starting from today, 7th November 2023, following up the official joining on Marh 8, 2023, China officially implements the Hague Convention of 5th October 1961, abolishing the requirement of legalization for Foreign Public Documents. Per the Convention, also known as “Apostille Convention”, the process of certification of many documents will be easier and will not request a legalization by Chinese local diplomatic consular offices as the approval of the Country where the documents have origin will suffice.
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2023.10.30 Italy
Invest in Italy: Registry of Beneficial Owners
The Registry of Beneficial Owners is definitively operational in Italy starting from 11 October 2023. This provision, made effective in the Official Gazette n. 236 with decree of the Ministry of Enterprises and Made in Italy dated 29/09/2023 and is in line with the European directives, implements a further tool aimed at coping with money laundering and financing of international terrorism as per legislative decree n. 231/2007. The Registry will contain the data of the beneficial owners of all legal companies and trusts producing legal effects in Italy and it will be found in a section of each office of the local Italian Chambers of Commerce.
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