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This magazine is based on Dezan Shira & Associates’ years of experience in supporting foreign enterprises in Vietnam. Vietnam’s lure of a favorable investment environment, including competitive costs, talent market, and free trade agreements, have made it an ideal location for investors seeking to diversify supply chains and lower operation costs. Nevertheless, foreign investors considering th...

The Cross-boundary Wealth Management Connect (“WMC”) in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”) of mainland China was officially launched on 10 September 2021. WMC enables residents in the GBA to carry out cross-boundary investments in wealth management products distributed by banks. In this article, we will summarize the key features of WMC. WMC consists of the Southbound Scheme an...

Episode 4: Compliance Guidelines – Defining the Framework Solid guidelines – often also called "policies" – are the basis for a Compliance Management System (CMS) which builds binding commitments. Guidelines as the backbone of a CMS As mentioned in the previous post, many compliance officers start immediately by creating and promulgating guidelines they consider necessary. This creates a...

Main Headlines: The US Supreme Court has agreed to hear a challenge to Texas’ law that restricts abortion rights early next month but will allow the law to remain in place until the appeal is heard. The law prohibits terminations of pregnancies after roughly six weeks, restricting the rights of women and their families in the state. This is the most restrictive curb on reproductive rights in the c...

Two things have firmly implanted themselves in both the public and private sector across Canada: employer-driven mandatory vaccination policies and vaccination passports. Even with vaccine passports, businesses still have the burden of ensuring that physical distancing, frequent sanitization, training, protective gear and enhanced ventilation become regular practices at work. As a firm th...

I have been spending considerable time over the last month educating clients, industry groups and even, this week, the Alberta section of the Canadian Bar Association. The biggest question on everyone’s mind is whether employers, who perform what they view as their public duty and adopt mandatory vaccination policies, can then fire employees who refuse to vaccinate or refuse to confirm that they h...

The Russian Ministry of Finance proposes to make several adjustments to the individual income tax, according to the appendix to the Main Directions of the Budgetary, Tax and Customs Tariff Policy for 2022 and the planning period of 2023 and 2024. Click here for full notice of the changes. It is planning to oblige Russian companies to pay personal income tax on behalf of foreign employees working o...

Identifying Opportunities Within the Belt and Road Initiatives, the latest publication fromDezan Shira & Associatesis out now and available for download. This 142 page guide is a unique study into where investment opportunities are arriving within China’s Belt & Road Initiative. As infrastructure builds are completed, investment potential increases. This book discusses the complete free tr...