Definitions for foreign investors entering emerging markets.
Entity types, regulators, licenses, visas, and the acronyms that keep coming up. Maintained by the country teams that work with them.
Annual Land and Building Tax is a yearly tax paid by property owners for the ownership of land and buildings.
The AMDD outlines requirements for various aspects of medical devices, including from classification to post-market surveillance.
Authorized Capital Stock (ACS) is the maximum shares a Philippine corporation may issue, outlined in the Articles of Incorporation, crucial for equity capital growth and regulatory compliance.
A Binding Sale and Purchase Agreement is a preliminary agreement between the buyer and the seller to regulate the terms of a sale and purchase transaction
Building Approval (PBG) is a type of permit required for the construction design.
Building Restrictions are regulations set by the government to control the construction of buildings.
Buyer’s Tax is a tax that the buyer pays when purchasing a property.
Learn about CEZA and its role in managing the Cagayan Freeport and Special Economic Zone to foster business growth.
A Certificate Functional Worthy (SLF) is a type of building permit issued for a building after construction is completed.
The Certificate of Incumbency is a verified record of who manages, owns, and holds signing authority in your Hong Kong company. Third parties request it to confirm control and authorization before approving accounts, contracts, or regulatory filings.
DOT accreditation in the Philippines certifies that a tourism enterprise complies with minimum standards for the operation and maintenance
A deposit is a sum of money paid upfront to secure a property.
Explore the concept of a disregarded entity and how it influences taxation, including direct reporting on the owner’s tax return.
Freehold Right to Build, known as "Hak Guna Bangunan" (HGB), is a type of land ownership that allows the holder to build on the land.
Freehold Right to Cultivate, known as "Hak Guna Usaha" (HGU), is a type of land ownership granted by the state government for agricultural, fisheries, and animal farming purposes.
Freehold Right to Own, known in Indonesia as "Hak Milik," is the most complete form of land ownership in Indonesia. It grants lifelong rights over the land to Indonesian individuals only.
Freehold Right to Use, known as "Hak Pakai" (HP), is a type of land ownership allowing specific uses, commonly for residential purposes.
A Land Certificate is a document issued by the National Land Office that serves as proof of freehold ownership.
Land Certificate Checks involve verifying the legal status of a property by examining its land certificates.
Land Measurement involves measuring a piece of land to confirm its size and boundaries.
Land Status is a designation set by the government to indicate the special status of a piece of land for various purposes.
Land Zoning is a regulation set by the government to control land use in different areas.
Lease Tax is an income tax levied based on the income generated from a lease transaction.
A leasehold agreement is a document that proves someone has the right to use a property.
Leasehold Rights is a land ownership arrangement where an individual or entity is granted the right to use and occupy land.
The lessee is the party that receives the leasehold ownership from the lessor.
The lessor is the person or entity that owns a property and gives someone else the right to use it
A Letter of Intent is a preliminary agreement between parties that sets the terms of a future transaction.
The National Land Office is the land authority responsible for issuing, processing, registering, and maintaining records of land certificates.
A nominee is an Indonesian individual who allows their name to be registered for activities involving foreign investments.
Notary Officials are public officials appointed to oversee the creation and certification of legal documents related to land transactions.
NTE stands or Notice to Explain is a formal document issued by an employer to an employee when there's a need to address potential misconduct
PhilGEPS is the Philippine government’s online procurement portal, vital for businesses seeking contracts. It provides access to bidding opportunities, requires registration for participation, and has two membership levels.
A Pondok Wisata License is a business classification that permits Indonesian companies and individuals to operate short-term rental properties
A Private Access Road is a road constructed on freehold land, intended only for use by the landowner.
A Private Agreement is a contract made and signed solely by the parties involved without the need for any third-party witnesses or public registration.
Property Due Diligence is the process of thoroughly checking and analyzing a property, both online and onsite.
Property Listing is the activity of marketing, advertising, and showcasing properties available for sale or rent on various platforms.
A Public Access Road is a road that can be used by anyone.
A Real Estate Business Classification is a designation for an Indonesian Company (PT PMA) that allows it to operate in the buying, selling, and leasing of properties.
Records of Annual Land and Building Tax are documents detailing the annual land and building tax payments made or levied by the Revenue Regency Department.
The Revenue Regency Department is the local authority responsible for invoicing and collecting the annual land and building tax.
Right to Manage is a management right granted by the Indonesian government for land owned by the Indonesian state.
A Sale and Purchase Deed is the final agreement in a sale and purchase transaction.
A Secretary's Certificate is a formal document confirming board decisions, essential for legal authority and facilitating business transactions.
Seller’s Tax is an income tax that the seller must pay based on the income earned from a sale and purchase transaction.
A Semi Private Access Road is a road constructed on freehold land.
Sdn Bhd stands for Sendirian Berhad, which translates to "private limited company". It is the primary corporate entity used by local entrepreneurs and international companies to conduct commercial operations in the country.
A sublease is an arrangement where the original lessee transfers some or all of their leasehold rights to another party.
The Companies Commission of Malaysia, commonly known as SSM (Suruhanjaya Syarikat Malaysia), is a government agency in Malaysia responsible for regulating companies and businesses
Waarmerking is a notary process involving the application of a stamp on a private agreement made between parties.
Understand the concept of LEI and how it serves as a unique identifier for legal entities in financial transactions worldwide.
Muqeem is a vital online portal in Saudi Arabia for managing expatriates' residency permits, enhancing HR efficiency by facilitating services like residency verification, visa management, and dependent status checks for foreign workers.
Nitaqat is Saudi Arabia's labor nationalization program, classifying businesses based on their Saudi employee ratios. Compliance impacts operational stability, with benefits for higher-rated zones and penalties for lower ones.
Zakat, a mandatory Islamic almsgiving, helps redistribute wealth and reduce poverty. It involves payroll deductions, employee satisfaction, and compliance roles for HR, fostering workplace altruism and supporting religious obligations.
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The glossary updates as we run into new questions in client work. If something you are looking for is missing, we will add it — usually within a week.