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• Advantage of Business set up in United Kingdom
  
  • Well planned and developed economy
  • Part of fast growing EU economy
  • Strong and well balance country with business growth
  • Well developed banking and financial hub
  • Secured and safe business environment
  • Basic business rule and policy in line with international business standard
  • Well developed infrastructure, port, transport facility
  • Entrepreneur Business Visa Available
  • Well cultured and educated work force
  • Well connected with American, Europe, Far East and Asian Market
  • Major hub for Investment banker and Industry house
• Preferred Business Destination
  

  As per the business study and Government data, major businesses in England are:

  • Trading hub – FMCG, Technology & Engineering products, Commodities, Power, oil and Gas
  • Investment banker, Assets Management Companies & Private Equity & Hedge Funds
  • International banking and financial Hub
  • International trading house, investment, tourism, branding and Education
  • Major Trade with USA, Far east and EU Countries
  • Suitable to Trade in EU nations, Africa and Eastern Europe
• Type of Business Entity
  
  • • Limited Liability Company – Private Limited Company
    • Partnership Firm – General and Limited Partners
    • Limited Liability Partnership Firm – LLP

  Limited Company

  We generally recommend a Private limited Company for business in the UK. It is also commonly known as Private Limited Company which has a separate legal entity. According to the Companies Act, any person (foreign or local) above the age of 18 can register a private Limited Company in the UK. Further they may have a right to work in the UK, preferably through the Entrepreneurial visa for setting up a business set up.

  Major benefits of Limited Company

  • • It has separate Legal entity in law
    • Shareholders are not liable for company’s debts beyond their own share capital
    • Minimum One Shareholder and director required to form company

  The Registrar of Companies controls the registration of business firms and incorporation of companies. However, the nature of the actual business activity could be subjected to control and regulation by other Government authorities.

  Partnership Firm

  This business unit is like Proprietorship firm in term of liability and risk. When two or more persons joined to carry out specific business, they form partnership firm. Generally the firm is form for limited business activity, advisory, consultancy, service and profession.

  There are three type of Partnership Firm

  • • General Partnership Firm
    • Limited Partnership Firm
    • Limited Liability Partnership Firm

  Limited Liability Partnership Firm

  This nature of business has an advantage of partnership firm and private limited company. A LLP is primarily meant for carrying a profession like accountants, lawyers, architects, etc. where two or more professionals would like to start and build a joint practice in a common field. The partners enter into detailed agreements about share of responsibility, share of profit and management responsibilities.

• Advantage of having Limited Company in United Kingdom
  
  • • 100 % ownership allowed in Limited Company by Foreigners.
    • No Local – UK Resident Shareholder and Director required.
    • No Personal Visit for company formations
    • Any individual or corporate body (local or overseas) may incorporate a UK company.
    • Easy to form and obtain Tax Registration \ VAT \ Business trade license.
    • Minimum One director required to form company and can have more if required
    • One Local Director required for banking and to manage the company.
    • Nominee director can be provided by us if required.
    • No major restrictions on the type of business activities that a company can engage in.
    • No special approvals are required by foreigner means they are at par with locals.
    • No Restriction or obligation for local employment of work force.
    • The minimum issued capital is one share of par £1.00
    • Company can issue Ordinary shares, preference shares, redeemable shares and shares with or without voting rights.
    • Local Registered office and company secretary required – provided by us.

  To Form the company in the UK, you need to appoint professional firm for assistance and complete the formalities of formation of company. We shall provide the same.

• Minimum requirements for registration of a Hong Kong company
  

  One Shareholder either individuals \ Limited entity

  • • Know Your Customers – KYC Norms For non-residents individual: Copy of passport, overseas residential address proof, and other KYC information such as a bank reference letter ( optional ) , personal and business profile, etc.
    • If the shareholder is a corporate entity: Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association and Board Resolution.

  One Director having passport and residential address proof

  • • The minimum number of directors is one, who may be a natural person or a body corporate. Directors may be of any nationality, and need not be resident in the UK. Corporate directors are permitted.

  Local Director – optional

  • • No local director required to form the company
    • Nominee local director will be provided if required

  Registered office in the UK

  Company will need to have a registered office in the UK. We shall provide the registered office address. Post Box No. is not allowed to utilize as registered office.

  Qualified Company Secretary

  Under Companies Act, a Company secretary is no longer needed. Our office will prepare and submit all the necessary secretarial documents each year.

  Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company with Registry of Companies,UK

• Foreign Company Registration Options
  

  Foreign companies wishing to setup a presence in the UK, have the choice of setting up a branch office, subsidiary, or a representative office in the UK

  Private Limited Company

  • • A company formed by individual shareholder and director of the company. It shall have independent identity in company law.

  Subsidiary Company

  • • A subsidiary company is a private limited company incorporated in the UK with the parent company as its shareholder. For small to mid-size foreign businesses, a subsidiary company is the most preferred choice of registration in the UK

  Branch Office

  • • A branch office is registered in the UK as an extension of its parent company and not as a separately incorporated entity. The liabilities of a branch office extend to its parent company.

  Representative Office

  • A representative office is registered in the UK as a temporary arrangement for conducting marketing research activities. A representative office does not have any legal status and cannot be engaged in any profit yielding activities. We can provide the representative office facilities.
• Business trade License & Banking
  

  A UK Company has all the powers of a natural person. The shareholders have options to apply for an Entrepreneur \ business Visa to set up a business in the UK. With this visa, the company can do business in trading, consultancy, marketing and laison work, commission agent, sourcing agent and other major business as permissible under law.

  The nature of the actual business activity could be subjected to control and regulation by other Government authorities. Cannot undertake banking or insurance activities or solicit funds from or sell its shares to the Public.

  Depending on your company’s business activities, you may need to obtain one or more business licenses after you have incorporated your company but before you can commence your business operations. Fortunately, very few business activities require such a license.

  Bank account opening

  After successful registration of your Company, you can open a corporate bank account in any of the major banks in the UK. Many of the banks in the UK, these days, require physical presence of the company principals as part of the account opening procedure.

  If you are able to visit the UK you have a wider choice of banks to choose from. In this case, you can explore the features and facilities provided by different banks and decide on the bank that best suits your needs.

  While opening the bank account, clients should bring the following documents

  • Original Passport & residence address proof of director & Shareholder
  • Original UK company formation documents
  • Business profile of director & shareholder and Home country bank statement
• Income Tax, Dividend and other Benefits
  

  The Income Tax rates vary with the level of income earned during the year. Income Tax Rates vary from 20% to 40% to 50% according to slab of income.

  • • Corporate Income Tax is 20 %
    • VAT is generally 20 % and 5 % on household consumption and necessary items.

  Other Income

  • • Capital Gain

  For basic rate tax payers, the Capital gain is 18%, for higher rate tax payers, the Capital Gains Tax is 28%. Each individual gets a Capital gains Tax allowance of £11,000 per year.

  Dividend

  UK dividends carry a withholding tax of 10% on dividends.

  For More detail Please visit relevant website for detail information

  https://www.gov.uk/

  Other Information

  Annual filing requirements for UK companies

  Once your UK Company has been incorporated, the Companies Act dictates certain annual filing requirements and formalities.

  The company law requires that each company formed in the UK must file its audited/unaudited accounts with H M Revenue & Customs and Companies House on an annual basis. Filing is mandatory even when the company has not done any business. We shall provide service for the same.

  For More detail please visit website of Company House of UK.

• Documents Required For Company Incorporation
  

  Following documents required for company formation

  • • Copy of passport and
    • Copy of residential address proof such as a recent utility bill, residential phone bill
    • Business Profile and KYC documents of share holder and Director

  For Corporate Bodies – shareholders & Nominee Director

  • • Copy of company registration documents such as Certificate of Incorporation and Memorandum & Articles of Association of parent company and
    • Board Resolution for investment with proposed business plan

  Please note the following:

  • All documents must be in English or officially translated in English
  • All copies of documents must be certified true copies by a notary public or self certifying or you must bring the originals to our office for sighting
  • If you are overseas, you can email us the scanned copies of documents so we can proceed with preparing the necessary incorporation documents. However we must receive the certified true copies (or sight the originals at our office) before we can incorporate the company.
  • Our compliance department may ask for additional information if necessary.
• Company registration procedure and timeline
  
  • Company registration procedure in the UK is fully computerized by the UK Registrar of Companies. As a result, the incorporation process is quick and efficient. Under normal circumstance, the company can be incorporated in 3 working days.

  There are two distinct steps involved in the UK company setup procedure:

  • • a)Company Name Approval and;
    • b)Company Registration.

Both steps can be accomplished on the same day assuming there are no delays caused by Company Registrar..

Further the Business Trade License shall be obtained from Government Authority. The said license is valid for one year and renewed thereafter.

Details of directors and shareholders public information in the UK

Directors and shareholders information is public information in the UK. It’s listed in the company’s business profile extract available for purchase from Registrar of Companies.

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• Advantage of Business set up in Mauritius
  
  • • Well planned, developed & growing economy
    • Part of fast growing economy in African country
    • Global Presence and connectivity for international business and overseas investments
    • Suitable destination for setting offshore investments company and funds
    • Well developed banking and financial hub
    • Basic business rule and policy in line with international business standard
    • Well developed infrastructure, port, transport facility
    • Liberal Immigration policy
    • Well cultured and educated work force
    • Well connected with GCC, Europe, Africa and Asian Market
    • Major hub for MNCs, Trading house and Investment banker
    • Freedom to make investment and repatriate capital, dividend and income in overseas destinations
    • Double taxation treaties with many countries.
• Preferred Business Destination
  
  • As per the business study and Government data, major businesses in Mauritius are:
    • Trading hub – Electronic, Electrical, Computer, Garments & FMCG products
    • Investment banker, Assets Management Companies & Private Equity Funds
    • International banking and financial Hub
    • Gold, Gems and Jewelry, Diamond studded ornaments
    • Tourism, oil, power, automobiles and EPC contracts
    • Garments, Food grain, Pharma, Perfumes and healthcare products
    • Major Trade with GGC, Asian, African and EU Market
• Type of Business entity
  
  • GBC 1 – Global Business Company – Investment, Banking, Insurance & Assets Management
    Company
  • GBC 2 – Global Business Company – General Trading, consultancy and Business Company
  • GBC1
    Mauritius GBC1s are companies incorporated under the Companies Act 2001 and licensed by the Mauritius Financial Services Commission. They are resident in Mauritius for taxation purposes and have access to Mauritius’ extensive double taxation avoidance treaty network, provided they hold a Tax residence Certificate issued by the Mauritius Revenue Authority.
  • GBC 1 may carry on the business of
  • • Banking & fund administration, etc.
    • Financial Service Activities- Assets Manager, Distribution of financial products, etc
    • Specialized Financial Services- Leasing, factoring, etc
    • Securities or capital market intermediaries- Investment brokers , Investment managers
    • Collective Investment Schemes and their functionaries such as Custodians, Fund Managers, Fund administrators
    • Insurers/ reinsurers and insurance service providers
      Credit Rating Agencies
  • GBC 2
    Mauritius GBC2s are companies incorporated under the Companies Act 2001 with a category 2 Global Business License. GBC2 companies are designed for business outside of Mauritius and may not carry on business in Mauritius (subject to a number of statutory exceptions).
  • GBC 2 may carry on the business of
  • • Investment holding & Property holding (real estate or other property)
    • Wealth protection, Holding Equity and Remain Parent Company
    • E-commerce
    • International trade
    • Trade & commercial invoicing
    • Intellectual property ownership
    • Consultancy Services (non financial)

• • Advantage of company having Company in Mauritius
    
    • GBC 1
    • • They are resident in Mauritius for taxation purposes
      • Company have access to Mauritius’ extensive double taxation avoidance treaty network
      • No Capital Gain and Withholding Tax
      • Royalties ,interests and service fees payable to foreign affiliates are allowed as expenses provided they are reasonable and correspond to actual expenses incurred
      • Interests paid on deposits in Banks are tax exempt
      • Dividends paid by a GBC1 are tax exempt
      • Royalties paid to non-residents are exempt
    • GBC 2
    • • • 100 % ownership allowed in Company by Foreigners.
        • Zero tax on profit, income, gain and full repatriation allowed
        • Company have no access to Mauritius’ extensive double taxation avoidance treaty network
        • No Capital Gain and Withholding Tax
        • With the Companies Act 2001, the concept of authorized share capital has been abolished. A GBC2 company can now issue shares without any restriction.
        • Standard Minimum Paid up Capital is US$1 (bearer shares not permitted)
        • No stamp duty on transfer of Share of company
        • No need to take resident visas to stay in.
        • Your presence is not required to form company
        • No audit required at the time of renewal of company
        • Any individual \ corporate may incorporate a company and have Nominee shareholder& director
        • Easy to form and run the business in any part of the world
        • Minimum One director required to form company and can have more if required
        • No Local Shareholder & Director required to form and manage the company
        • No major restrictions on the type of business activities that a company can engage in.
        • No Restriction or obligation for local employment of work force.
        • Local Registered virtual office required.

    To Form the company, you need to appoint professional firm for assistance and complete the formalities of formation of company. We shall provide the same.

• Minimum requirements for registration of a company
  
  • GBC 2
  • • Shareholder either individuals \ Limited entity – Minimum One
      • Know your client – KYC Norms For individual: Copy of passport, overseas residential address proof, and other KYC information such as personal and business profile, etc.
      • If the shareholder is a corporate entity: Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association and Board Resolution.
    • Director either individuals \ Limited entity – Minimum One
      • The minimum number of directors is one, who may be a natural person or a body corporate.
        Directors may be of any nationality. Corporate director is permitted.
      • Copy of passport and overseas residential address proof
    • Local Director \ Shareholder – Not required
      • Company does not require local resident person.
    • Nominee Director \ Shareholder – Optional & allowed
      • Shares may be held by a nominee on behalf of beneficial owner client
      • No publicly accessible records of beneficial owners
    • Registered office in Mauritius

  Company need to have registered office in Mauritius. We shall provide the registered office address. Post Box No. is not allowed to utilize as registered office.

  • • Qualified Company Secretary

  Company need to appoint company secretary to keep and update the secretarial records and minutes of the meeting. It also requires to submit the necessary documents with Registrar of Companies on yearly basis. It is optional. We shall provide the company secretary.

  • GBC 1
  • In order to obtain the GBC1 License from the Mauritius Financial Services Commission it will have to satisfy the following factors:
  • • • shall have at least 2 directors, resident in Mauritius;
      • shall maintain or maintains at all times its principal bank account in Mauritius;
      • shall keep and maintain or keeps and maintains, at all times, its accounting records at its registered office in Mauritius;
      • prepare or proposes to prepare its statutory financial statements and causes or proposes to have such financial statements to be audited in Mauritius;
      • provides for all meetings of directors to include at least 2 directors from Mauritius

  For GBC 1 company formation, we suggest to contact our compliance team to guide and provide more details.

  Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company.

• Foreign Company Registration Options
  
  • Foreign company plans to have presence in Mauritius, have the choice of setting up business unit as branch office, subsidiary, or representative office in.
  • • GBC 2 Company – A separate company formed by shareholder and director of the company. It shall have independent identity. Foreign company shall become shareholder and control it.
    • Subsidiary Company. A subsidiary company is a GBC 2 company incorporated by the parent company as its majority shareholder. For small to mid-size foreign businesses, a subsidiary company is the most preferred choice of registration.
    • Branch Office. A branch office is registered in as an extension of its parent company and not as a separately incorporated entity. The liabilities of a branch office extend to its parent company.
    • Representative Office. A representative office is registered as a temporary arrangement for conducting marketing research activities. A representative office does not have any legal status and cannot be engaged in any profit yielding activities.

• Business trade License & Banking
  
  • GBC 2
  • Company has all the powers of a natural person. Company does not require any License from Government Authority to do business as company shall not allow to carry out local trade and business in Mauritius.
  • GBC2 companies are designed for business outside of Mauritius and may not carry on business in Mauritius (subject to a number of statutory exceptions). Mainly Company is formed for international trade and Investment.
  • Bank account openingAfter successful registration of your Company, you can open a corporate bank account in any of the major banks such as State Bank of Mauritius, HSBC, Standard Chartered, Citibank etc. Many of the banks in Mauritius these days require physical presence of the company principals as part of the account opening procedure.While visit to Mauritius, you have a wider choice of banks to choose from. In this case, you can explore the features and facilities provided by different banks and decide on the bank that best suits your needs.However Visit to Mauritius is not compulsory to open the bank account. However Bank will take 2 -3 weeks to open the bank account.While opening the bank account, clients should bring the following documents
  • • Original Passport & residence address proof of director & share holder
    • Original company formation documents
    • Business profile of director & shareholder
    • Proposed Business plan of the company
    • Bank Reference letter \ statement from existing banker of director optional

• Income Tax, Dividend and other Benefits
  
  • GBC 2
  • There is Zero Tax on profit, income, capital gain and dividend. It is allowed to repatriate full profit. GBC 2company no need to maintain books and do audited account. Need to file annual Accounts P & L and Balance Sheet signed and approved by a Director only
  • Other Information
  • Business Renewal and Annual Filing
  • Bank account opening
  • Company need to file the financial statement – Profit and Loss A\c & Balance Sheet duly approved by directors. No Audit is required.
  • For More detail please visit website of Mauritius Revenue Authority
    www.mra.mu and www.companies.govmu.org

• Documents Required For Company Incorporation
  
  • Director and shareholder – When Individual
  • • Copy of passport; and
    • Copy of residential address proof such as a recent utility bill \ phone bill
  • Director and shareholder – When Corporate Bodies
  • • Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association of parent company and
    • Board Resolution for investment with proposed business plan
  • Please note the following:
  • • Presence of shareholder and directors is not compulsory for company formation
    • All documents must be in English or officially translated in English
    • All copies of documents must be certified true copies by a notary public or self certifying or you must bring the originals for sighting;
    • You can email us the scanned copies of documents so we can proceed with preparing the necessary incorporation documents. However we must receive the certified true copies before we can incorporate the company.
    • Our compliance department may ask for additional information if necessary.
    • Duly filled Company Formation Request Form

• Company registration procedure and timeline
  
  • Company registration procedure in is fully computerized. As a result, the incorporation process is quick and efficient. Under normal circumstance, the company can be incorporated in 7 working days.
  • There are two distinct steps involved in the company setup procedure: a) Company Name Approval and; b) Company Registration. Both steps can be accomplished on the same time.
  • Details of directors and shareholders public information in
  • Directors and shareholders information is not public information in Mauritius. No publicly accessible records of shareholders, directors and Accounts.

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• Advantage of Business set up in Singapore
  
  • • Well Planned economy and developed infrastructure
    • Popular destination for business set up and investment
    • Secured and safe business transaction & Investment Banking
    • Major Multinational bank, Treading house & MNC have set up in Singapore
    • Well cultured and educated work force
    • Well connected with American, Europe, Far East and Asian Market
    • Major hub for MNCs, FIIs and Investment banker
    • Secured legal environments
    • Liberal Immigration policies
    • Safe and Stable government

• Preferred Business Destination
  
  • As per the business study and Government data, major businesses in Singapore are:
    • Trading hub – Electronic, Electrical, Computer and accessories & FMCG products
    • Investment banker, Assets Management Companies & Private Equity Funds
    • Shipper, logistic and Forwarding Agent
    • Equipment and mega structures
    • Turnkey project and infrastructure
    • Gems and Jewelry, Diamond studded ornaments
    • Travel & Tourism, Ticketing, Electronic Media, Satellites & Broadcasting
• Type of Business Entity
  
  • • Limited Liability Company – Private Limited Company \ Limited Company
    • Limited Liability Partnership Firm – LLP
    • Limited Company We generally recommend the Private limited Company considering the nature of business to set up in Singapore. It is also commonly known as Private Limited Company and having separate legal entity. According to Singapore Companies Act, any person (foreign or local) above the age of 18 can register a Singapore company.Foreign companies & entrepreneurs that are keen on exploring the viability of doing business in Singapore will be required to incorporate a Singapore company as legal entities with the Accounting and Corporate Regulatory Authority (ACRA), Singapore.
    • Major benefits of Limited Company
      • It has separate Legal entity in law
      • Shareholders are not liable for company’s debts beyond the own share capital

      The Accounting and Corporate Regulatory Authority of Singapore (ACRA) controls the registration of business firms and incorporation of companies. However, the nature of the actual business activity could be subjected to control and regulation by other Government authorities. Singapore Private Limited Company is companies incorporated under the Singapore Companies Act, Chapter 50.

    • Partnership Firm – LLC
      This business unit is like Proprietorship firm in term of liability and risk. When two or more persons joined to carry out specific business, they form partnership firm. Generally the firm is form for limited business activity, advisory, consultancy, service and profession. We recommend LLC firm to incorporate in Singapore.
    • Limited Liability Partnership Firm
      This nature of business unit is having advantage of partnership firm and private limited company. It has been introduced in Singapore LLP was introduced in Singapore in 2005 through enactment of Limited Liability Partnership Act. A LLP is primarily meant for carrying a profession like accountants, lawyers, architects, etc. where two or more professionals would like to start and build a joint practice in a common field. The partners enter into detailed agreements about share of responsibility, share of profit and management responsibilities.

• Advantage of having Limited Company in Singapore
  
  • • 100 % ownership allowed in Limited Company by Foreigners.
    • Any individual or business entity (local or overseas) may incorporate a Singapore company.
    • Easy to form and run the business without visiting Singapore \ Resident Visa.
    • Entry Pass \ Employment visa can be availed for owners and his family.
    • Minimum Income tax, No capital gain tax & no withholding tax on dividend.
    • No restrictions on the type of business activities that a company can engage in.
    • No special approvals are required by foreigner means they are at par with locals.
    • No Restriction or obligation for local employment of work force.
    • Minimum paid up capital requirement for a Singapore company is just S $1.
    • Local Share holder \ Director \ Company Secretary necessary for compliance.To Form the company in Singapore, you need to appoint professional firm for assistance and complete the formalities of formation of company. Singapore law does not allow any individual or foreign bodies to register a company on it own. We shall assist for the same.

• Minimum requirements for registration of a Singapore company
  

  • One Shareholder either individuals \ Limited entity

    • Know-Your-Client – KYC Norms For individual: Copy of passport, overseas residential address proof, KYC information such as personal and business profile, etc.
    • If the shareholder is a corporate entity: Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association and Board Resolution.

  • One Director either individual \ Limited entity

    • The minimum number of directors is one, who may be a natural person or a body corporate. Directors may be of any nationality, and need not be resident in Singapore.
    • Corporate directors are permitted.

  • Local Director \ shareholder – Optional

    • Singapore company does not required to have local Singapore resident director & shareholder. It is optional.
    • At least one of director must be ordinarily resident in Singapore. i.e. Singaporean/ Singapore Permanent Residence (PR)/ Singapore Employment Pass Holder. We shall assist to arrange the same.

  • Registered office in Singapore

    Company need to have registered office in Singapore. We shall provide the registered office address. Post Box No. is not allowed to utilize as registered office.

  • Qualified Company Secretary

    Company need to appoint company secretary to keep and update the secretarial records and minutes of the meeting. It also requires to submit the necessary documents with Registrar of Companies on yearly basis. We shall provide the company secretary.

  • Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company with Registry of Companies i.e. Accounting and Corporate Regulatory Authority of Singapore (ACRA).
• Foreign Company Registration Options
  
  • Foreign company plans to have a presence in Singapore, have the choice of setting up business unit as branch office, subsidiary or representative office in Singapore.
    

    Private Limited Company

    • A separate company formed by shareholder and director of the company. It shall have independent identity in company law. Foreign company shall become shareholder and control it.

  • Subsidiary Company

    • A subsidiary company is a private limited company incorporated in Singapore with the parent company as its majority shareholder. For small to mid-size foreign businesses, a subsidiary company is the most preferred choice of registration in Singapore.

  • Branch Office

    • A branch office is registered in Singapore as an extension of its parent company and not as a separately incorporated entity. The liabilities of a branch office extend to its parent company.

  • Representative Office

    • A representative office is registered in Singapore as a temporary arrangement for conducting marketing research activities. A representative office does not have any legal status and cannot be engaged in any profit yielding activities.
• Business trade License & Banking
  
  • The nature of the actual business activity could be subject to control and regulation by other Government authorities.
    Depending on your company’s business activities, you may need to obtain one or more business licenses after you have incorporated your company but before you can commence your business operations. Fortunately, very few business activities require such a license.Generally, it may take between 2 weeks to 2 months to get a license or permit. Examples of business activities that require a business license(s) include restaurants, educational institutes, travel agencies, financial services, import/export of goods, etc. For more information, refer to Singapore business licenses guide.

  • Bank account opening

    After successful registration of your Singapore company, you can open a corporate bank account in any of the major banks in Singapore such as HSBC, Standard Chartered, Citibank, DBS, OCBC, UOB, etc. Many of the banks in Singapore these days require physical presence of the company principals as part of the account opening procedure.

    While visit to Singapore, you have a wider choice of banks to choose from. In this case, you can explore the features and facilities provided by different banks and decide on the bank that best suits your needs

  • While opening the bank account, clients should bring the following documents

    • Original Passport & residence address proof of director & share holder
    • Original Singapore company formation documents
    • Business profile of director & shareholder
    • Proposed Business plan of the company
    • Bank Reference letter \ statement from existing banker of director – optional
• Income Tax, Dividend and other Benefits
  

  • Income Tax

    The Singapore tax system is territorial. Income tax is levied on the net income of companies from sources within Singapore and on foreign source income if remitted into Singapore. Non-resident Singapore companies and businesses are taxed on the same basis.

    Singapore has arrangement with a number of jurisdictions for double taxation relief of shipping or airline income. It has also comprehensive double tax avoidance agreements ( DTAA ) with many countries to relieve taxation on income, for instance, dividends, interest and royalties. Therefore, businesses operating in Singapore do not generally have problems with double taxation of income.

    Zero Income Tax if profits derived from a trade, profession or business carried out of Singapore jurisdictions and remain outside.

  • Tax Rates

    Zero tax for new Singapore companies on the first S $ 100K annual profits for the first 3 years

    • All companies to enjoy 8.5% corporate tax rate for profits up to S $ 300K
    • Overall company tax rate lowered to flat 17%

  • Other Income

    • Capital Gain
    • Singapore capital gains tax or withholding tax: No capital gains tax

  • Dividend

    • Singapore does not levy a withholding tax on dividends.
    • Dividends paid by a Singapore Private Limited Company are tax exempt

    Interest, royalties or rental of equipment payments to non-residents are subjects to a 15% withholding tax.

  • For More detail please visit website of Mauritius Revenue Authority

  • Other Information – Annual filing requirements for Singapore companies

    Once your Singapore Company has been incorporated, the Companies Act dictates certain annual filing requirements and formalities. For more details on this, see annual filing requirements for Singapore companies

    The company law requires that each company formed in Singapore must file its accounts (audited or unaudited) with the Accounting and Corporate Regulatory Authority of Singapore on an annual basis. A private limited company that qualifies as exempt private company and has an annual turnover less than S$5 million can file unaudited accounts whereas other companies are required to file audited accounts.

    For More detail please visit website of Accounting and Corporate Regulatory Authority of Singapore.

    www.acra.gov.sg
    www.agc.gov.sg

• Documents Required For Company Incorporation
  

  • Director and shareholder – When Individual

    • Copy of passport and
    • Copy of residential address proof such as a recent utility bill, residential phone bill

  • Director and shareholder – When Corporate Bodies & Nominee Director

    • Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association of parent company and
    • Board Resolution for investment with proposed business plan.

  • For each Singapore resident individual director

    • Copy of Singapore IC; and passport

  • Please note the following:

    • All documents must be in English or officially translated in English.
    • All copies of documents must be certified true copies by a notary public or self certifying or you must bring the originals to Singapore office for sighting.
    • You can email us the scanned copies of documents so we can proceed with preparing the necessary incorporation documents. However we must receive the certified true copies before we can incorporate the company.
    • Our compliance department may ask for additional information if necessary.
    • Duly filled Company Formation Request Form.
• Company registration procedure and timeline
  
  • Company registration procedure in Singapore is fully computerized. As a result, the incorporation process is quick and efficient. Under normal circumstance, the company can be incorporated in 7 working days.
  • There are two distinct steps involved in the Singapore company setup procedure:
    • Company Name Approval and;
    • Company Registration.

    Both steps can be accomplished on the same time.

  • Public information about company in Singapore

    Directors and shareholders information is public information in Singapore. It’s listed in the company’s business profile extract available for purchase from Registrar of Companies.

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• Advantage of Business set up in Hong Kong
  
  • • Well planned and developed economy
    • Part of fast growing economy China
    • Strong and well balance country with business growth
    • Well developed banking and financial hub
    • Secured and safe business enviournment
    • Basic business rule and policy in line with international business standard
    • Well developed infrastructure, port, transport facility
    • Liberal Immigration policy
    • Well cultured and educated work force
    • Well connected with American, Europe, Far East and Asian Market
    • Major hub for MNCs and Investment banker
• Preferred Business Destination
  
  • As per the business study and Government data, major businesses in Hong Kong are:
  • • Trading hub – Electronic, Electrical, Computer and accessories & FMCG products
    • Investment banker, Assets Management Companies & Private Equity Funds
    • International banking and financial Hub
    • Shipper and Forwarding Agent
    • Gems and Jewelry, Diamond studded ornaments
    • Tourism, FMCG, Food Grain and Toys & Games
    • Major Trade with China, Taiwan and Korea Market
• Type of Business Entity
  
  • Limited Liability Company – Private Limited Company \ Limited Company
  • Limited Liability Partnership Firm – LLP

  • Limited Company

    We generally recommend the Private limited \ Limited Company nature of business unit for business in Hong Kong. It is also commonly known as Private Limited Company and having separate legal entity. According to Hong Kong Companies Act, any person (foreign or local) above the age of 18 can register a Hong Kong company. It is also consider as offshore company.

    The Companies Registry (“the Registry”) administers and enforces most parts of the Companies Ordinance. The Registry registers local and non-Hong Kong companies and statutory returns, de-registers defunct solvent companies and provides the public with services and facilities for inspecting and obtaining company information kept by the Registry. The new Companies Ordinance provides a modernized legal framework for the incorporation and operation of companies in Hong Kong and reinforces Hong Kong’s position as an international financial and commercial centre.

  • Major benefits of Limited Company

    • It has separate Legal entity in law
    • Shareholders are not liable for company’s debts beyond the own share capital

    The Companies Registry controls the registration of business firms and incorporation of companies. However, the nature of the actual business activity could be subjected to control and regulation by other Government authorities.

  • Partnership Firm – LLC

    This business unit is like Proprietorship firm in term of liability and risk. When two or more persons joined to carry out specific business, they form partnership firm. Generally the firm is form for limited business activity, advisory, consultancy, service and profession. We recommend LLC firm to incorporate in Hong Kong.

  • Limited Liability Partnership Firm

    This nature of business unit is having advantage of partnership firm and private limited company. A LLP is primarily meant for carrying a profession like accountants, lawyers, architects, etc. where two or more professionals would like to start and build a joint practice in a common field. The partners enter into detailed agreements about share of responsibility, share of profit and management responsibilities.

• Advantage of having Limited Company in Hong Kong
  
  • • • 100 % ownership allowed in Limited Company by Foreigners.
      • Any individual or corporate body (local or overseas) may incorporate a Hong Kong company.
      • Easy to form and run the business without visiting Hong Kong \ Resident Visa.
      • Minimum One director required to form company and can be more if required.
      • No Local Shareholder & Director required to form and manage the company.
      • No major restrictions on the type of business activities that a company can engage in.
      • No special approvals are required by foreigner means they are at par with locals.
      • No Restriction or obligation for local employment of work force.
      • Minimum paid up capital requirement for a Hong Kong company. The usual authorized share capital is HK$10,000. The minimum issued capital can be one share of par value.
      • Company can issue Ordinary shares, preference shares, redeemable shares and shares with or without voting rights.
      • Local Registered office and company secretary required – shall be provided by us.

  To Form the company in Hong Kong, you need to appoint professional firm for assistance and complete the formalities of formation of company. We shall offer all the services for the same.

• Minimum requirements for registration of a Hong Kong company
  

  • One Shareholder either individuals \ Limited entity

    • Know-Your-Client – KYC Norms For individual: Copy of passport, overseas residential address proof, KYC information such as personal and business profile, etc.
    • If the shareholder is a corporate entity: Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association and Board Resolution.

  • One Director either individual \ Limited entity

    • The minimum number of directors is one, who may be a natural person or a body corporate. Directors may be of any nationality, and need not be resident in Hong Kong.
    • Corporate directors are permitted.

  • Local Director \ shareholder – Optional

    • Hong Kong company does not required to have local Hong Kong resident director & shareholder. It is optional.

  • Registered office in Hong Kong

    Company need to have registered office in Hong Kong. We shall provide the registered office address. Post Box No. is not allowed to utipze as registered office.

  • Qualified Company Secretary

    Company need to appoint company secretary to keep and update the secretarial records and minutes of the meeting. It also requires to submit the necessary documents with Registrar of Companies on yearly basis. We shall provide the company secretary.

  • Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company in Hong Kong.

• Business trade License & Banking
  
  • A Hong Kong Company has all the powers of a natural person. We shall provide Business Registration Certificate \ License to carry the business. It is valid for one year and will be renewed on yearly basis. With this license company can do business in export \ import, trading, consultancy, investment, marketing and laison work, commission agent, sourcing agent and other major business as permissible under law.The nature of the actual business activity could be subject to control and regulation by other Government authorities. Cannot undertake banking or insurance or real estate activities or solicit funds from or sell its shares to the Public.Depending on your company’s business activities, you may need to obtain one or more business licenses after you have incorporated your company but before you can commence your business operations. Fortunately, very few business activities require such a license.

  • Bank account opening & its operation

    After successful registration of your Hong Kong Company, you can open a corporate bank account in any of the major banks in Hong Kong such as HSBC, Standard Chartered, Citibank, Hang Sang Bank, Bank of China etc. Many of the banks in Hong Kong these days require physical presence of the company Director as part of the account opening procedure.

    While visit to Hong Kong, you have a wider choice of banks to choose from. In this case, you can explore the features and facilities provided by different banks and decide on the bank that best suits your needs.

  • While opening the bank account, clients should bring the following documents

    • Original Passport & residence address proof of director & share holder
    • Original Hong Kong company formation documents
    • Business profile of director & shareholder
    • Proposed Business plan of the company
    • Bank Reference letter \ statement from existing banker of director – optional
• Income Tax, Dividend and other Benefits
  
  • Hong Kong is one of the few jurisdictions in the world that tax on a territorial basis. Hong Kong tax department ONLY charged income tax on profits derived from a trade, profession or business carried on in Hong Kong. Consequently, this means that a company which carries on a business in Hong Kong, but derives profits from another place, is not required to pay tax in Hong Kong on those profits. Whereas in many countries, levy tax on a different basis and they tax the world-wide profits of a business, including profits derived from an offshore source.Hong Kong has arrangement with a number of jurisdictions for double taxation relief of shipping or airline income. It has also comprehensive double tax avoidance agreements ( DTAA ) with Belgium, Thailand, and Luxembourg respectively to relieve taxation on income, for instance, dividends, interest and royalties. The Hong Kong Inland Revenue Department allows a deduction for foreign tax paid on a turnover basis in respect of income which is also subject to tax in Hong Kong. Therefore, businesses operating in Hong Kong do not generally have problems with double taxation of income.

  • Income Tax

    Zero Income Tax if profits derived from a trade, profession or business carried out of Hong Kong jurisdictions.

    Hong Kong sourced profits is currently subject to a rate of taxation of 16.5 per cent. There is no tax in Hong Kong on capital gains, dividends and interest earned.

  • Other Income

    Capital Gain

    Hong Kong capital gains tax or withholding tax: No capital gains tax

    Dividend

    • Hong Kong does not levy a withholding tax on dividends.
    • Dividends paid by a Hong Kong Private Limited Company are tax exempt
  • For More detail please visit website of Inland Revenue Department of Hong Kong.

  • Other Information – Annual filing requirements for Hong Kong companies

    Once your Hong Kong Company has been incorporated, the Companies Law dictates certain annual filing requirements and formalities.

    The company law requires that each company formed in Hong Kong must file its audited accounts with the Tax Authority & Company Registry of Hong Kong on an annual basis. Filing is mandatory even the company has not done any business. We shall provide such services and assistance.

    For More detail please visit website of Companies Registry of Hong Kong.

• Documents Required For Company Incorporation
  

  • Director and shareholder – When Individual

    • Copy of passport and
    • Copy of residential address proof such as a recent utility bill, residential phone bill
    • Business profile of director & shareholder
    • Proposed Business plan of the company
    • Bank Reference letter \ statement from existing banker of director – optional

  • Director and shareholder – When Corporate Bodies & Nominee Director

    • Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association of parent company and
    • Board Resolution for investment with proposed business plan.

  • Please note the following:

    • All documents must be in English or officially translated in English.
    • All copies of documents must be certified true copies by a notary public or self certifying or you must bring the originals to Hong Kong office for sighting.
    • You can email us the scanned copies of documents so we can proceed with preparing the necessary incorporation documents. However we must receive the certified true copies before we can incorporate the company.
    • Our compliance department may ask for additional information if necessary.
    • Duly filled Company Formation Request Form
• Company registration procedure and timeline
  
  • Company registration procedure in Hong Kong is fully computerized by the Hong Kong Companies Registry. As a result, the incorporation process is quick and efficient. Under normal circumstance, the company can be incorporated in 3 working days.
  • There are two distinct steps involved in the Hong Kong company setup procedure:
    • Company Name Approval and;
    • Company Registration.

    Both steps can be accomplished on the same day assuming there are no delays caused by Company Registrar.

    Further the Business Registration Certificate shall be obtained under the Business Registration Ordinance from Government Authority. The said license is valid for one year and renewed thereafter.

  • Public information by The Companies Registry

    Directors and shareholders information is public information in Hong Kong. Company information is available on The Companies Registry & extract available by payment to them. Nominee shareholder and directors facility is available in Hong Kong.

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