Overseas Company Setup

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

China

Vietnam

Hong Kong

Indonesia

Japan

Malaysia

Thailand

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 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

25%

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

Personal Income 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

Filing of Annual Return
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

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 Shareholders

2

Minimum Number of Directors

1

Minimum Number of Commissioner

1

Registered Address

Yes*

Indonesia Resident Company Secretary

No
Filing of Annual Return
Yes
Corporate Tax

25%

Registered Capital

2.5billion IDR

Annual Meeting Required

Yes

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 Shareholders

1

Minimum Number of Directors

1(Resident Director Required)

Registered Address

Yes*

Filing of Annual Return

Yes

Corporate Tax

23.9%

Minimum Paid Up Capital

US$1

Shelf Companies

Yes

Annual Meeting Required

Yes

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 Shareholders

1

Minimum Number of Directors

1

Registered Address

Yes*

Company Secretary

Yes

Filing of Annual Return
Yes
Corporate Tax

25%

Registered Capital

RM500,000 (depends on nature of business)

Annual Meeting Required

Yes

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 Shareholders

3

Minimum Number of Directors

1

Registered Address

Yes*

Filing of Annual Return
Yes
Corporate Tax
20%

Registered Capital

THB 2 million

Annual Meeting Required

Yes

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