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In a shifting geopolitical landscape, Hong Kong's aspirations to emerge as a premier international talent hub and a center for innovation and technology have stood still. This is a quota-free and non-sector specific stream for persons who wish to stay in Hong Kong for employment as professionals. However, this entry arrangement does not apply to Chinese residents of the Mainland and nationals of Afghanistan, Cuba, Laos, Korea (Democratic People's Republic of), Nepal and Vietnam.
Hong Kong is well-known as one of the vibrant metropolises across the Asia. It is a perfect city not only to work at, also to set up business in here. Hong Kong possesses with its unique strategic location, its stable economic environment, its transparent and friendly business environment, its well established legal and banking system, its simple and low tax regime, its world-class infrastructure and its well-educated & productive workforce.
Is stamping of employment contract mandatory in Malaysia? Yes, stamping an employment contract is mandatory under Malaysian law. Subsection 4(1) of the Stamp Act, 1949 (“the Act”) requires that any instrument specified in the First Schedule must be stamped based on the prescribed rates set out in that Schedule.
An e-Invoice is basically a digital version of a regular invoice. it is created in a way that follows the specific rules set by the Inland Revenue Board of Malaysia (“IRBM”) so everything is standardized and easier to handle electronically. Are MSMEs in Malaysia required to issue e-Invoice? Everyone who runs a business in Malaysia are required to implement e-Invoice, based on the timeline outlined in Question 2.
