{"id":22784,"date":"2018-12-03T21:48:24","date_gmt":"2018-12-04T02:48:24","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=22784"},"modified":"2020-09-18T13:20:54","modified_gmt":"2020-09-18T18:20:54","slug":"hong-kong-or-singapore-where-to-register-your-company","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/hong-kong-or-singapore-where-to-register-your-company\/","title":{"rendered":"Hong Kong or Singapore: Where to Register Your Company?"},"content":{"rendered":"

Hong Kong or Singapore: Where to Register Your Company?<\/strong><\/h2>\n

Businessmen around the world are very keen on using South East Asia as a base and this is because there are two very business-friendly countries here that serve as a hub and a gateway to the rest of the Asian markets – Hong Kong and Singapore. These countries are small, but they offer plenty of opportunities to develop your business, thanks to their locations, their laws, and their safe environment, both from a professional and personal standpoint. <\/span><\/p>\n

Opening your business in either of the countries provides benefits such as lower tax rates, international pool of talents, efficient banking systems, English as the main language, access to innovations, and many others, but when it comes down to it, how do you choose which country to go for?<\/span><\/p>\n

Here are some of the main differences between Hong Kong and Singapore when it comes to opening a business.<\/b><\/p>\n

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Company Incorporation<\/strong><\/h2>\n

Hong Kong<\/strong><\/h3>\n

In Hong Kong, you register your company with the <\/span>Companies Registry<\/span><\/a> with a company name that has no conflict with any already listed in the registry before you submit for incorporation. You will need at least <\/span>one company director <\/b>who is either a local or a non-resident but not an entity. Your corporate secretary will have to be a Hong Kong resident. There is no paid-up capital requirement and the whole process can take only up to 1 hour.<\/span><\/p>\n

Here are the documents you might need to provide to open a company in Hong Kong:<\/span><\/p>\n