Hong Kong Registrar Releases Key Company Data for 2018

The Hong Kong Companies Registry announced the figures for company incorporation's for the 2018 financial year. Company data is a key indicator (inter alia) of a country’s economic health and allows experts to predict growth or retraction more accurately.

Cyprus Registrar Releases Key Company Data for 2018

The Cyprus Registrar of Companies and the Official Receiver released new statistics for the financial year of 2018 on the island and the following results were recorded, looking likely that slow and steady growth throughout 2019 is estimated.

Earlier this month, the legislative body for labour forces in Singapore, the Ministry of Manpower (MOM) released positive statistical data regarding the Singapore employment markets growth last year and the reported increasing employment of local employees specifically.

The Cayman Islands has recently introduced new legislation from January 1st 2019 requiring certain legal entities to demonstrate adequate economic substance regarding taxation in the Cayman Islands. Any company registered in the Cayman Islands going forward must adhere to the new guidelines which have been implemented as a result of OECD guidance and concerns from the EU Code of Conduct Group (COCG).

Singapore & UK Announce their Partnership for the Future

This week, Singapore and the UK broadcasted the launch the creation of a future alliance to strengthen and develop relations between the two influential jurisdictions in Europe & Asia respectively.

According to documents filed at the Dutch Chamber of Commerce, Googles Dutch subsidiary Google Netherlands Holdings reportedly moved almost EUR €20 billion to Bermuda in 2017, as part of a legal loophole known as the Double Irish, Dutch Sandwich a scheme that allows companies to reduce their foreign taxes by a substantial amount.

As 2019 opens its doors, economists are predicting a not too distant shift in world powers due to new dynamics in Northern Asia that could bring substantial consequences to the worlds most dominant economies.