Quote: (06-19-2013 04:20 AM)artur jedi Wrote:
Singapore sounds legit. How about HK, is anyone familiar with this matter?
I'm in the process of filling the forms to register my company in HKG with a company/agency called jumpstart. http://www.jumpstartoffices.com/
I did my research and was hesitating a lot between SG and HKG but at the end, HKG came on top or various reasons. Mainly the fact that with a biz registered in HKG, you only pay tax on revenue generated within HKG. Any revenue generated outside of HKG, you pay 0% tax. Since my target markets are outside of HKG, it's perfect for me. Plus, it's super fast, easy and inexpensive to get going. With Jumpstart, it's about 1k all in, to get registered. You just fill in the forms, send it to them and once there, you just sign the final docs and pick up your company's docs once you're in HKG.
G,
the 5 flags, registering businesses in HKG and all that jazz are all covered extensively inside the DC. I certainly believe you will benefit from it.
Having said that, SG is also very legit. Nothing wrong with it at all. I just chose HKG as a personal preference as I love HKG. HKG and SG have been respectively, # 1 and # 2 in the world for the past decade or so in terms of best places in the world to register a biz.
Another great alternative/place to register your biz is the Philippines, specially in a PEZA zone (google it). Main advantage of that is that with a Phils corp, you don't pay any tax for the first 5 years, which is enough time for you to make some good money and figure out your next move. However, it's not as cheap and straight forward as HKG. The Phils would be for those with a bigger biz with existing large cash flow (say over 6 figs).