A Singapore Subsidiary is a locally incorporated company which can be 100% owned by foreign individual and corporate. It is separate legal entity from its members and directors. Members have limited liability.

To setup Hong Kong company, beside submit hard copies of registration documents to Companies Registry, which is so call traditional way; nowadays, we can register the HK company online as well.

Hong Kong Company Maintenance – Major government Annual Reporting
– Annual Return
– Business Registration
– PTR & ER

Singapore has established a financial centre of international repute and offers a broad range of financial services and retained its position as the largest foreign exchange centre in the region.

We have variety types of business organization that may be registered in Singapore. Let’s take a look at the different business structure types in Singapore:
1. Sole Proprietorship
2. Partnerships
3. Local Companies, it is the most common type of company in Singapore
4. Foreign Company as a Branch in Singapore
5. The last type of company will be Non-Trading Representative Office

As to compare the local company and foreign branch: Local Company will be suitable for overseas investor to explore business opportunity in Singapore.

The company should complete the (1) Annual Return filing; (2) the renewal of Business Registration Certificate; (3) Employment Return filing, and (4) profit tax return tiling annually.

There are several reasons for investors turn to Singapore for establishing their operations and one of the determinant is Singapore’s tax regime – well-known for its attractive corporate and personal tax rates, tax relief measures, non-taxable capital gains, one tier tax system and extensive double tax treaties.

There are some significant skills and useful tips to know more about How to setup Hong Kong Bank Account . As one of financial centers in the world, Hong Kong has very effective and sufficient infrastructure for doing business and making investment.

Type of Hong Kong Companies
– Sole Proprietorship
– Partnership
– Private Company Limited

Regarding the significant controllers register, On 1 March 2018, the Companies Registry has commenced Amendment Ordinance and introduces new requirements on the keeping of significant controllers registers by companies.

Major Government Reports – Hong Kong corporation
– Compnay Annual Report
– Business Registration Certificate Renewal
– Corporate Income Tax Report
– Report of Employee Registration

Why Hong Kong?
– Simplify Business Set-up for Foreign Business owners
– Premier Strategic Location
– Clean Governance
– Gateway to China