“We want to have one mission and target: Take the nation forward –Digitally and Economically”
In an attempt to encourage poor and illiterate people in rural areas to make digital payments, the government has recently indulged in promoting Aadhaar Pay which ensures financial transactions by just using fingerprint authentication.
This acting government has been working towards promoting digital payment systems and has report...
How to Buy Immovable Property in China
When intending to own a house in China, foreigners who have lived or propose to live in China for an extended period of time may have heard of the amazing house prices in China’s first-tier cities, such as Shanghai, Beijing and Shenzhen but have little knowledge of the conditions of whether they can and how to buy residential prope...
UE members seize opportunities rising from Brexit
Prior to the June 2016 referendum, the UK was one of the fastest growing economies in the G7. By the end of 2018, it was the slowest. Britain, the world's fifth-biggest economy, is preparing to leave the EU on March 29 after 45 years of membership.
The Bank of England has said that Britain faces its weakest economic growth in a ...
Industry 4.0 in Vietnam
Industry 4.0 is currently taking place in developed countries such as the US, Europe as well as parts of Asia, along with many opportunities and challenges. Generally speaking, Industry 4.0 is a smart production revolution, based on the breakthroughs of digital technology to grow rapidly in all fields, from agriculture, engineering t...
12 Steps to Open a Company in Russia
The incredible resource potential of the Russian Federation continues to attract foreign investors to the country and Russian legislation provides for these particular forms of investment, namely the right of foreign entities and citizens to be the founders of legal entities, in other words, to open companies in Russia.
In most ca...
Real Estate investors are moving to Italy
There are several ways of evaluating where, when and how to invest in real estate due to the various changing conditions. The market is diverse and includes sectors such as office, residential, retail, industrial, leisure and hotel based real estate, as well as the rapid growing areas of student property and healthcare. The hotel i...
The new PRC Draft Foreign Investment Law
The NPC Standing Committee (NPCSC) published on 26 December 2018 a new Draft Foreign Investment Law (hereinafter referred to as “FIL”) for public comments, which may be submitted within February 24th, 2019.
The new draft law follows a previous version published in 2015, with which it shares the aim to further develo...
The Impact of New E-Commerce Rules on Industry Main Players
New e-commerce rules have restricted big influencers from selling products from companies in which they have a stake, and capping the percentage of the amount of products that a vendor can sell through a marketplace entity (the IT platform of an e-commerce entity) or its group companies.
To curb the practice of these deep discount...
Further updates for e-commerce company registration in China
On December 3 2018, the State Administration for Market Regulation (SAMR) issued an administrative circular (Opinions of the State Administration for market regulation on Working Effectively on the Registration of E-commerce Business Operators, hereinafter referred to as the "circular") clarifying certain aspects of...
The Major Impact of the New Special Economic Zone for Russian Investment
The beginning of the year starts with the signing by Russian Prime Minister, Dmitry Medvedev, the Government Decree for the establishment of a new Special Economic Zone named ‘Center’ in the Voronezh region. According to the development plan of the region, engineering, transport and social infrastructure will all be sig...