TMF Group

TMF Group | October 17, 2016

For a decade now, the German True-Sale-Initiative has organised the annual TSI Congress in Berlin. This year more than 600 representatives of banks, investors – mainly from Germany – law firms, audit and consulting companies, service providers (including TMF Group), banking supervision, ECB, rating agencies and politicians attended....

TMF Group | October 14, 2016

On 3 September 2016 China passed the Decision of the Standing Committee of the National People’s Congress on Revising Four Laws including the Law of the People’s Republic of China on Wholly Foreign-owned Enterprises (Decision) to foster greater openness with Foreign Invested Enterprises (FIE). The Decision eliminates the requirement to obtain government approval to establish certain FIEs, providing a simpler online filing process which took effect on 1 October 2016....

TMF Group | October 13, 2016

In a highly dynamic business and regulatory environment such as Hong Kong, it is challenging for business owners to remain fully aware of the latest legal requirements. Maintaining a skilled, high-quality compliance team in-house is costly and ignorance of the law is no defense under our legal system. It is therefore common for business owners in this jurisdiction to elect to outsource their company secretarial compliance function with the aim of mitigating the risk of non-compliance...

TMF Group | October 12, 2016

The Gulf Cooperation Council (GCC) – of which the UAE and Qatar are member states along with Saudi Arabia, Kuwait, Bahrain, and Oman – will start implementing the Value Added Tax (VAT) at a rate of 5% from 1 January 2018. Currently the GCC is in the process of approving a common legal framework for the introduction of a VAT system. This VAT framework is expected to be finalised at the next meeting of the GCC Financial and Economic Cooperation Committee, now in October 2016....