At present, many foreign trade enterprises operate their international business by setting up companies overseas for convenience. Among them, most customers choose to register a company in Hong Kong or a company in Singapore. Then which is better?
At present, many foreign trade enterprises operate their international business by setting up overseas companies for convenience, among which, the registered Hong Kong company andIncorporation in SingaporeBecome the choice of most customers, so which is better?
In fact, we suggest that it is best based on your company's business. If your business partner is based in Southeast Asia, choose newIncorporation in SingaporeIt may be better, because Singapore is friendly with many Southeast Asian countries and they have preferential tax agreements, but Singapore companies also have certain limitations. First, Singapore has a global tax; Second, at least one director of the Singapore company is a Singaporean or holds a work visa in Singapore; Third, Singapore companies have more requirements for opening accounts than Hong Kong companies; Fourth, the management cost of Singapore companies is higher than that of Hong Kong companies.
In addition, according to the statistics of banks and relevant departments, businesses doing international business will choose more Hong Kong companies. The benefits of registered Hong Kong companies are also shared in other articles.
CycloseFocusing on providing company audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many large state-owned enterprises and listed enterprises.