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Best place to register a business in SEA?
11-04-2010, 01:15 AM
I'm looking at registering a business in South East Asia and so far, the places I have in mind to do that on top of opening a business bank account are:
a) Hong Kong
b) Singapore
c) Taiwan
Which one is the best to open and register a business? Best in terms of ease of opening the business, speed of opening/registering the biz in # of days and in terms of restrictions and tax benefits? and also where has the lowest fee for opening/registering a biz and lowest banking fees? Anyone in here with first hand experience of opening/registering a biz in SEA?
Much appreciated for sharing any first hand experience and or tips to where to look for more info.
Thanks guys.
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Best place to register a business in SEA?
11-04-2010, 04:14 AM
Thanks YMG.
Just saw on tv here that the World Bank has ranked Singapore as the best place in the world to do business and this for the 5th straight year. That is impressive. I'm now planning for a visit for a week there to get things rolling.
Btw, anyone in here with first hand experience of registering a bizz/opening a biz account there?
You're right YMG that I do not speak any of the SEA languages yet.
Thanks again.
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Best place to register a business in SEA?
11-25-2010, 10:06 PM
I don't actually think you COULD register your business in Taiwan. I live in the R.O.C. right now and it's pretty difficult for a foreigner to set up shop here as a corporation based in Taiwan. I've looked into it and determined it would be best to get a silent partner or friend from Taiwan to register everything and just pay him and run my business as an entity owned by him.... but no one in their right mind would want to do that.
Taiwan also apparently has some weird rules about who you can hire and how you can do it. For instance, one of my Taiwanese friends said she COULD NOT work from home, legally, in this country, because of labor regulations.... even though her job doesn't really need her to be present at all. When she is "on the clock" and doing business in Japan, it's all under the table.
On the other hand, you can get anything you want "under the table" here. You could definitely live here and register as a "student" while you pay a bogus Chinese Language academy (or a legit one, if you actually wanted to learn the language).... No extradition treaties with the U.S., as a recent case made clear, where a corporation in Taiwan refused to pay fines in the U.S. but sent a representative to try to clear things up and they wouldn't let the representative come home because there aren't extradition treaties and they wouldn't be able to get anyone stateside again.
What's the deal in Singapore? How hard is it to set up a corporation there? I'd love to do it, to get out from under U.S. tax rules.
Anyways, I'm curious about this.....
--Funky
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Best place to register a business in SEA?
05-20-2011, 04:32 AM
I'm going to incorporate my biz in Singapore. I'll be in Thailand anyway so it's a short flight away.
No question in my mind that SG is the place to be.
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Best place to register a business in SEA?
05-21-2011, 05:21 PM
then singapore
also if you are economically sound you can get a residence permit quite easy
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Best place to register a business in SEA?
05-21-2011, 08:59 PM
I never been to Singapore yet but I have a strong feeling I would like this place alot... beautiful asian girls, alot of english speakers, good weather... Hmmm
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Best place to register a business in SEA?
05-30-2011, 07:05 AM
VP - Simon Black did not register his company in Singapore. He registered it in the Marshall Islands and banks out of Singapore.
Singapore is a wonderful jurisdiction but there are significant reporting requirements that can be costly.
PM me and I can give you more info.
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Best place to register a business in SEA?
05-31-2011, 04:56 AM
Incorporate in Singapore, and operate out of a PEZA zone in the Philippines. 0% taxes more or less if you do biz outside the Phils. Skip Singapore if you want, as well. Have met with attorneys in Phils personally about this.
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Best place to register a business in SEA?
06-01-2011, 09:30 AM
VP - I'll look into the PMing issue and contact you now.