Comparison of Singapore with South-East Asian Countries

Company Registration

1 Week

Local Director?

Yes

Bank Account Opening

4 Weeks

Travel Required?

No

Excellent

Based on 87 reviews






    Comparison of Singapore with East Asian Countries

    Particulars Singapore Hong Kong China Taiwan Bangladesh
    Corporation tax 0% – 17% 0% – 16.5% 15% – 25% 20% 27.5%
    VAT rate 9% (known as GST) Not applicable 9% – 13% 5% 15%
    Exemption of corporation tax and VAT Depends on the location where business is carried out Depends on the income generation place Depends on goods and services provided Depends on income level and goods and services provided Depends on business activity
    Popular business structure LLC LLC WFOE LLC LLC
    How long to register company? 1 day 1 week 4 weeks 4 – 6 weeks 2 weeks
    Minimum number of directors and shareholders? 1 director and 1 shareholder 1 director and 1 shareholder 1 director and 1 shareholder 1 director and 1 shareholder 2 directors and 2 shareholders
    Local director required? Yes No No No No
    Resident representative or agent required? Yes No Yes Yes Yes
    Minimum amount of paid-up capital? Not required Not required RMB 500,000 recommended Not required US$ 50,000 for foreign owned enterprises






      Follow us on

      Address

      22 Sin Ming Lane #06-76 Midview City, Singapore 573969

      ©2010-2024 Tetra Global Consultants. All rights reserved.