Sitemaps

Questions

New Business Development

Hong Kong vs Singapore, where to register a business in terms of foreign friendliness, cost & tax efficiency.

It's an internet travel business Most revenue is coming outside of Singapore and Hong Kong, all revenue is 100% online I don't speak Mandarin or Cantonese. Which one has more tax incentives and overall incentives for startups. I do not have contacts in Singapore for nominee director role which will cost SGD1800 per person.

Answer This Question

4

Answers

Ogbonyenitan seun

I am ogbonyenitan seun adebayo. I am an expert

China.
Becuse there is no minimum capital requirement for setting up a Hong Kong entity, while Singapore requires a minimum of SGD 1

Answered over 5 years ago

PRIYANK GOEL

Chartered Accountant (Equivalent to CPA)

India is the best option to invest and do business right now. You can consider following points:

Cost: Cheap labour,cheap travel and other cost.

Tax Efficiency: With implementation of GST 2 years back, tax complication is lower

Foreign Friendliness: There is lot of unemployement in India and Goverment is promoting Make in India. So, there will be support from Govt. .

Concerns: Law and order and red tapism which is being looked after by the Govt.

If you are thinking of future India is the MARKET.

I will help in getting it established.

Answered over 5 years ago