Singapore is planning key updates to its data privacy law, bringing the country more closely in line with the EU, Australia, and other regions that have strictly regulated the use and sharing of online personal information. Multinationals doing business with the island nation should review their procedures for collecting and processing personal data to ensure they are in compliance before the changes become law.
The coronavirus is affecting the global economy in many ways, and the situation is constantly changing. Employers and their expat workers in particular must be mindful of the coronavirus and the ways in which state and local governments are responding.
If you operate in Singapore, you need to know that 2019 is the first year of mandatory transfer pricing documentation in that country. This post addresses the new requirements and provides an overview of transfer pricing concepts.
Venture capital is undergoing profound global shifts, including a dramatic rise in investments into Asia. With various alternative-investment leadership roles over the past decade, Vistra’s Caroline Baker has been well-positioned to witness these changes. In this interview, she discusses how Chinese investors are influencing the VC landscape, why Southeast Asia is such a popular investment target, and more.
Singapore announced in its 2019 budget that it will lower the percentage of foreign workers allowed in the services sector. Authorities are looking to reduce Singapore’s dependence on foreign labour.
A change to Singapore employment law will make it easier for managers and executives there to sue their employers for wrongful dismissal.
A new initiative in Singapore gives employers a framework for offering benefits such as flexible schedules and telecommuting. It's part of a global push for work-life balance, and Singapore authorities believe the initative will improve employee retention rates, productivity and engagement.
Martijn Tel of SiriusDecisions tells us why companies can make international expansion as hard or as easy as they want.
In a recent post, we addressed the subject of what to ask before winding down a legal entity abroad. Here we look at what to expect after you’ve decided to move forward with dissolving an entity, and we explore some real-life examples.
The Inland Revenue Authority of Singapore has clarified its transfer pricing guidelines related to service companies. This post provides a summary of the clarifications and gives a brief description of cost-plus mark-up taxation.
The European Court of Justice ruled last week that an EU-Singapore free trade agreement must be concluded jointly by the EU and all 28 EU member states. This post explains why experts differ on whether the ruling will meaningfully affect Brexit negotiations.
Last week, Singapore’s finance minister announced the 2017 budget. We’ve summarized its most important points for foreign entities doing business in Singapore and for those considering expanding there.