Overseas Company Set-up

Overseas Company Setup

Click on a country’s flag to find out more.

HONG KONG COMPANY SET UP

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 Shareholders1
Minimum Number of Directors1
Registered AddressYes*
Company SecretaryYes
Filing of Annual ReturnYes
Corporate Tax16.5%
Registered CapitalHKD 10,000
Annual Meeting RequiredYes
*Registered address must be a physical address, PO Box is not allowed.

CHINA COMPANY SET UP

China has one of the largest population with 1.3 billion and it is the second largest economy in the world. China has an influential role in development as well as in the global economy. Additionally, China introduced 6 Special Economic Zones (SEZs) to attract foreign investors.

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 Shareholders1
Minimum Number of Directors1
3 (For board of directors)
Registered AddressYes
Company SecretaryNot required
Filing of Annual ReturnYes
Corporate Tax25%
Registered Capital30,000RMB (Multiple Shareholders)

100,000RMB (Single Shareholder)
Annual Meeting RequiredNo

JAPAN COMPANY SET UP

Japan has the third largest economy in the world and its market is filled with consumers with high levels of disposable income. Additionally, infrastructure such as telecommunication and transport systems are well established. 12 National Strategic Special Zones have been designed to promote international business.

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 Shareholders1
Minimum Number of Directors1 (Resident Director Required)
Registered AddressYes
 Filing of Annual ReturnYes
Corporate Tax23.9%
 Minimum Paid Up CapitalUS$1
Shelf CompaniesYes
Annual Meeting RequiredYes

LIMITED LIABILITY PARTNERSHIP

Minimum Number of Shareholders2
Minimum Number of Directors
Registered AddressYes
 Filing of Annual ReturnYes
Corporate TaxPersonal Income Tax
 Minimum Paid Up CapitalUS$2
Shelf CompaniesNo
Annual Meeting RequiredYes

MALAYSIA COMPANY SET UP

In the last decade, Malaysia reduced their dependence on petroleum as a main source of income and worked on their industry value chain. Today, it has emerged as an attractive regional hub for services, including financial, information and communications technology and logistics sectors.

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 Shareholders1
Minimum Number of Directors1
Registered AddressYes
Company SecretaryYes
Filing of Annual ReturnYes
Corporate Tax25%
Registered Capital

 RM500,000 (depends on nature of business)

Annual Meeting RequiredYes

INDONESIA COMPANY SET UP

Indonesia is South East Asia’s largest economy while it has a 4th largest population in the world. It is predicted that Indonesia will become the top 7 largest economy by 3030. Additionally, Indonesia has the ASEAN Free Trade Area which is part of the Asian Economic Community agreement formed among the 10 ASEAN countries.

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 Shareholders2
Minimum Number of Directors1
Minimum Number of Commissioner1
Registered AddressYes
Indonesia Resident Company SecretaryNo
Filing of Annual ReturnYes
Corporate Tax25%
Registered Capital2.5billion IDR
Annual Meeting RequiredYes

THAILAND COMPANY SET UP

Thailand is South East Asia’s second largest economy. Thailand has established infrastructure and communication networks which is important for doing business. Thailand has a very large and active manufacturing sector. Additionally, Thailand has dynamic government policies to encourage more foreign investments.

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 Shareholders3
Minimum Number of Directors1
Registered AddressYes
Filing of Annual ReturnYes
Corporate Tax20%
Registered CapitalTHB 2 million
Annual Meeting RequiredYes