Singapore, 1 November 2012 – PwC is pleased to announce the publication of South East Asia – Investment Opportunities, Tax & Other Incentives.
South East Asia, with Gross Domestic Product (GDP) growth rates the envy of the world and a combined population of over 600 million, should continue to be a magnet for foreign investors seeking expansion opportunities. In a collaborative effort, the PwC ASEAN firms have produced the first of its kind guide to investing in the region.
This new publication first provides a compelling analysis of why ASEAN is one of the few growth stories in the world economy today and the shift occurring in many of the ASEAN nations from simply manufacturing for export and commodity export economies to more consumer driven economies fuelled by a rising middle class. It then provides a detailed analysis of the tax and other incentives offered to investors in each of the ASEAN countries.
Alan Ross, Head of PwC Singapore Tax, says “Singapore is an important hub for the South East Asian region, with over one third of all Fortune 500 corporations having substantial headquarters activities in Singapore. Increasingly, Singapore companies are venturing into the ASEAN region and further afield, and emerging Asian MNCs are also starting to use Singapore as a base for their global expansion. In conjunction with PwC ASEAN member firms we are well-positioned to help our clients navigate the complexities of doing business in ASEAN. We have also set up an office in Yangon, Myanmar, which opens on 6 November and will offer a full suite of business services to assist companies in investing and doing business in Myanmar”.
Greg Lamont, PwC Thailand Tax Partner and editor of the guide, says, “We believe this is a unique publication which highlights ASEAN in general, provides a business case for investment here and provides great detail on the incentives offered in each country. It should be an invaluable resource to investors”.
A copy of the publication can be downloaded at http://www.pwc.com/sg/en/tax/publication-seainvestmentopp_201210.jhtml.
Eileen WK Lee (Direct Line: +65 6236 7262, e-mail: firstname.lastname@example.org)