Company registration in Asia | Company formation in foreign countries

The Republic of Singapore is an independent state and has a stable political system. The stability of the political system has given Singapore a regional and global financial center.

The Singapore tax system creates a favorable environment for attracting foreign investment. However, as a member of the Financial Action Task Force (FATF), Singapore is required to carry out counterfeiting measures (money laundering) as a crime offense.

Benefits

Trading and Investment Center in Asia;
Singapore is subject to very strict privacy laws;
Compulsory payment of the statutory capital is not required;
Allowed nominee directors and shareholders.

Fees

According to the law, 18 percent profits earned in Singapore are taxable. However, the actual tax rate can be significantly reduced (up to 15% or even less) for an activity subject to a set of tax incentives. If the profits made abroad are not transferred to internal accounts, it is not taxable.

Qualities

Presenter shares are not allowed, only nominee are issued;
Must be a local qualified secretary who knows the specifics of the administration of the document in accordance with the laws of Singapore and the local registered office;
One of the directors must be a resident of Singapore (not authorized directors – legal entities);
The company has to appoint an auditor and present annual financial statements. At the same time, companies with a turnover of less than $ 50 million per annum may be exempted from mandatory audit and reporting requirements;
The list of people is open.

As Singapore does not sign the Hague Convention on Apostille, the legalization of documents should be carried out in accordance with the following steps:

Notary;
Singapore Academy of Law;
Foreign Office;
Consular Department at the Embassy of the Republic of Lithuania, where the documents will be sent.

Hong Kong is a Chinese administrative unit located in the southeastern part of the country. Hong Kong inherited from the British Anglo-Saxon system of rights. The Chinese government has guaranteed that by 2047 Hong Kong’s political and tax system remains unchanged. Now Hong Kong is an international financial center and a tax haven that attracts business from around the world.

Benefits

Hong Kong is considered a legendary Asian financial center;
There is no requirement to pay the statutory capital, the Hong Kong equity capital is $ 10,000. Minimum share capital – two shares face value;
At least one director is required, the details of the director are kept in the public register. The director’s nationality or place of residence has no restrictions.
Corporate directors are allowed. Do not appoint board of directors;
At least one shareholder is required, the details of the shareholders are kept in the public register. Corporate shareholders are allowed, anonymity is considered using a nominal service;
Hong Kong does not have currency exchange controls.

Fees

The main tax principle in Hong Kong is the territorial tax collection, which means that the Hong Kong company does not charge a tax if it operates outside of Hong Kong and, accordingly, the company’s revenue source is not in Hong Kong.
16.5% – Income tax on Hong Kong.
Dividends are not subject to income tax. Non-residents do not qualify for a dividend payment.

Qualities

All Hong Kong registered companies must submit their annual activity reports to the national regulatory authorities;
The secretary’s appointment is a must-have condition. Personal secretary must be a Hong Kong citizen. The secretary is responsible for the management of the accounting records and the activities of the companies comply with all the requirements established by the law;
Hong Kong company documents, meeting minutes and annual tax returns must be kept at the office;
Presenter shares are not allowed;
Information about directors and shareholders is open.

Our company is developing a new direction and invites you to register a company in the United Arab Emirates, and we also offer an account for this company in one of the payment systems in Europe.

The first step is to register a company in the UAE.

The United Arab Emirates, the UAE is a federal state consisting of seven emirates, each of which is actually a small state with an absolute monarchy: Abu Dhabi, Ajman, Dubai, Ras al-Khaimah, Umm al-Qaiwain, Fujairah and Sharjah.

The capital of the UAE is Abu Dhabi.

The population is about 5.000.000 people.

The official languages are Arabic and English.

Currency: UAE dirham (AED).

Offshore companies registered in the UAE are completely tax-free. They are allowed to do business all over the world (excluding the UAE).

Despite the fact that there are a large number of free economic zones (FEZ) in the UAE, most of them are located in Dubai. Some of the most popular FEZs:

• JAFZ – Jebel Ali Free Zone.

• RAK ICC – Ras al-Khaimah International Corporate Center.
• Ajman Free Zone is one of the most popular free economic zones in the UAE. Located in the emirate of Ajman.

Benefits of registering an offshore company in JAFZ, RAK ICC and Ajman Free Zone:

• Opportunity to do business all over the world (excluding the UAE);
• 100% ownership of the company by foreign founders is allowed;
• The company can open bank accounts with banks in the UAE;
• 100% withdrawal of capital and received income is allowed;
• Lack of requirements for the submission of financial statements;
• No taxes for the company;
• Restrictions on the types of activities;

It is not allowed to conduct business in the UAE. Banking, trust, insurance and

 reinsurance activities, management of third party funds are prohibited

 without obtaining a special license.

Foreign enterprises wishing to work within the UAE usually do so either through the Company of the form Limited Liability Company (LLC) – an analogue of LLC, or through a branch / representative office.

In most free zones, there are usually two main types of free zone companies of the form Limited Liability Company:

• Free Zone Entity (FZE) is a sole founder.
• Free Zone Company (FZC) is a multi-founder company.

Taxation

Complete exemption of the company from income tax. When doing business with residents of the UAE and countries that are members of the Cooperation Council of Arab States (Bahrain, Qatar, Kuwait, UAE, Oman, Saudi Arabia), in general, a 5% VAT rate is applied.

The company in the FEZ provides an opportunity to engage in international activities. In the domestic market, a company can only operate through a local agent (local company).

Companies in the FEZ and in the domestic market can obtain the following types of licenses:

 – consulting;

 – commercial (trade) and service.

Registration of an offshore company with RAK Offshore or Ajman Offshore: 3650 euros.

Registration of an offshore company with Jebel Ali Offshore: 6600 euros.

• Company registration services
• Registration address for the first year
• Corporate documents (Certificate of Incorporation, M&A, Share Certificate)
• Government fees

Together with the company, we offer you assistance in opening a company account in one of the payment systems in Europe, which works with offshore companies. Opening an account from approximately 2000 euros. The indicated rates are indicative and may vary depending on the conditions of the order.

If you are interested in our offer, please contact our specialists.