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Singapore’s 50% Tax Rebate to Boost Productivity and Attract Investment
Singapore’s 50% corporate income tax rebate for YA2025 is a strategic policy designed to ease business costs, encourage innovation, and attract investment. By supporting SMEs and promoting productivity upgrades, the Singpoare Tax Rebate strengthens Singapore’s long-term competitiveness in the global economy.
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Hong Kong Opens Doors to Crypto Investors: Use Bitcoin & Ethereum for Proof of Wealth
Hong Kong has become one of the first global financial hubs to recognize cryptocurrency holdings in its residency-by-investment program. Under the Capital Investment Entrant Scheme (CIES), Bitcoin and Ethereum can now be used as proof of wealth, opening new doors for crypto investors seeking residency in the city.
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Singapore Budget 2025: Key Takeaways and Implications
The Singapore Budget 2025 delivers a balanced strategy that combines immediate relief for households with long-term economic transformation. It introduces targeted cost-of-living support, SG60 commemorative benefits, housing grants, and household assistance measures while also strengthening business competitiveness through tax rebates and productivity funding. At the same time, it reinforces Singapore’s commitment to sustainability, innovation, and…
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Immigration Department introduces self-application services for Hong Kong identity cards
Hong Kong’s Immigration Department has upgraded its Personal Documentation Submission Kiosks (PDSKs) to allow self-application for identity cards and passports. From December 13, 2024, eligible applicants can complete the process without meeting an officer, with faster processing times and integrated collection kiosks for added convenience.
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Immigration department proactively follows up on Hong Kong resident stranding in Jeju, Korea
In response to media enquiries concerning a Hong Kong resident being stranded in Jeju, Korea, upon receipt of assistance request from subject concerned, the Hong Kong Immigration Department (ImmD) has immediately contacted the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in Hong Kong Special Administrative Region…
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Visa-free arrangement for nationals of Georgia
The Immigration Department (ImmD) announced today (September 24) that, effective from September 30, 2024, nationals of Georgia who are holders of valid diplomatic, official and ordinary passports may visit Hong Kong visa-free for a stay of up to 30 days.
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Immigration department implements advance passenger information system
The Hong Kong Immigration Department has introduced the Advance Passenger Information (API) System, requiring airlines to transmit traveler details before boarding. With phased implementation through 2025, the system aims to enhance security while safeguarding residents’ right to travel. Learn how Prism Consultancy can support travelers and businesses under the new rules.
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Instructions for applying “mainland travel permit for hong kong and macao permanent residents (non-chinese citizens)”
The Mainland Travel Permit for Hong Kong and Macao permanent residents (non-Chinese citizens) offers five years of travel flexibility to mainland China. Learn about eligibility, benefits, and how Prism Consultancy can guide you through the application process with ease.
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Hong Kong government will begin a phased process of invalidating old identity cards in 2025
Hong Kong will begin phasing out old smart identity cards in 2025. The new legislation applies to all residents, with deadlines based on year of birth. Learn who is affected, the key dates, and how to stay compliant.
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Over 60,000 talents have been accepted through the Top Talent Pass Scheme application
“Of the 62,000 applicants who were approved under the Top Talent Pass Scheme, about 44,000 talented individuals arrived in Hong Kong,” stated Chris Sun, the president of the Secretary for Labor and Welfare in Hong Kong. The goal of the Top Talent Pass Scheme (TTPS) is to draw elite talent to Hong Kong in order…
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