Click on a country’s flag to find out more.
China
Vietnam
Hong Kong
Indonesia
Japan
Malaysia
Thailand
CHINA COMPANY SET UP
Advantages
Directors need not to be Chinese nationals or residents.
You will be able to kick your business up to next level as you may locate the manufacturing needed at a cost you can afford.
Disadvantages
The understanding of language English.
The quality, china quality means ‘it looks the same’
Chinese have a very short- term mentality, they don’t see business relationship as long term.
Minimum Number of Shareholders
1
Minimum Number of Directors
1
3 (For board of directors)
Registered Address
Yes*
Company Secretary
Not required
Filing of Annual Return
Yes
Corporate Tax
Registered Capital
30,000RMB (Multiple Shareholders)
100,000RMB (Single Shareholder)
Annual Meeting Required
No
LIMITED LIABILITY PARTNERSHIP
Minimum Number of Shareholders
2
Minimum Number of Directors
1
Registered Address
Yes*
Filing of Annual Return
Yes
Corporate Tax
Minimum Paid Up Capital
US$2
Shelf Companies
No
Annual Meeting Required
Yes
VIETNAM COMPANY SET UP
Vietnam, the third largest market in Southeast Asia. Since 2007, Vietnam has opened its doors to foreign investment, provides countless opportunities to foreign investors. That being said, as an investor or head of a multinational organization, you should be aware of the regulations, licensing hurdles, and bureaucratic challenges you may likely face when incorporating in Vietnam.
Advantages
Vietnam’s free zones and industrial zones offer exemption on corporate income taxes for up to 8 years, and exemption on custom duties and VAT taxes.
Disadvantages
Having too many members can lead to the formation of groups of opposing shareholders in terms of benefits, which makes the management and operation of the company more difficult. The two types of limited liability companies in Viet Nam are multi-member LLC and single-member LLC.
LIMITED LIABILITY COMPANY (100%)
Minimum Number of Shareholders
1
Minimum Number of Directors
1
Registered Address
Yes
Chief Accountant
Yes
Corporate Tax
20%
Registered Capital
USD 10,000 and above
Annual Meeting Required
No
Hong Kong Company Setup
Hong Kong is one of the two Special Administrative Regions of the Republic of China, situated on China’s South Coast.
Known as “Asia’s world city”, it highlights the country’s roles as an international hub, and a gateway to economic opportunities.
Advantages
Foreigner is permitted to own 100% of a HK Company. Foreigner is able to be the sole director / shareholder.
Disadvantages
HK Companies have the disadvantage of small home market. They can only reach a limited scale if they tailor their services. It has a limited opportunity to grow big.
Minimum Number of Shareholders
1
Minimum Number of Directors
1
Registered Address
Yes*
Company Secretary
Yes
Filing of Annual Return
Yes
Corporate Tax
16.5%
Registered Capital
HKD 10,000
Annual Meeting Required
Yes
*Registered address must be a physical address, PO Box is not allowed.
INDONESIA COMPANY SET UP
Advantages
Able to sponsor unlimited working permits for your foreign worker, subject to approval from immigration office and Department of Manpower.
Better condition for importing goods.
Disadvantages
Lack of legal certainty and rules. Make sure there is no misunderstandings, get the paperwork checked, and have legal assistance stand by before, rather than after signing anything.
Minimum Number of Shareholders
Minimum Number of Directors
1
1
Registered Address
Yes*
Indonesia Resident Company Secretary
25%
Registered Capital
2.5billion IDR
Annual Meeting Required
Yes
JAPAN COMPANY SET UP
Advantages
Japan is the 3rd largest economy country in the world, foreign investors will have access to a large potential consumer base if they set up a Japanese company.
It is also a gateway to the Asian Market, Japan offers an exciting yet stable business market open to trade and foreign investment.
Disadvantages
Only 15% of the Japanese population speak English fluently, making it difficult for foreigners to converse with their local employees.
All business documents are also written in Japanese, which puts foreign companies at a disadvantage. It is also difficult to terminate unproductive employees in the country, as Japanese employment law encourages ‘’life time employment’’
LIMITED LIABILITY COMPANY
Minimum Number of Shareholders
1
Minimum Number of Directors
1(Resident Director Required)
Registered Address
Yes*
Filing of Annual Return
Yes
Corporate Tax
Minimum Paid Up Capital
US$1
Shelf Companies
Yes
Annual Meeting Required
Yes
MALAYSIA COMPANY SET UP
Advantages
English is Malaysia’s second language, foreign investors interested in Malaysia will easily be able to communicate with local employees, customers and suppliers.
Malaysia is considered to have a stable economy, it has experience an average growth of at least 5% and above.
Disadvantages
High cost for incorporation, yearly recurring fees to be paid such as audit, accounting, company secretarial and tax fees.
Minimum Number of Shareholders
1
Minimum Number of Directors
1
Registered Address
Yes*
Company Secretary
Yes
25%
Registered Capital
Annual Meeting Required
Yes
THAILAND COMPANY SET UP
Advantages
Thailand is a large consumer market, it is ranked at 22nd most attractive consumer market in the world by the World Economic Forum.
Disadvantages
Labour shortages, as the current unemployment rate is low (1%).
Foreign entrepreneurs may have trouble communicating with their employees, as only 30% of the population speaks English.
LIMITED LIABILITY COMPANY (100%)
Minimum Number of Shareholders
Minimum Number of Directors
1
Registered Address
Yes*
Registered Capital
THB 2 million
Annual Meeting Required
Yes