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Q&A

What is a project office in India?

What is a project office in India?

A project office in India is a branch office set up with a limited goal for a specific project. It permits the company to establish a presence for a certain period of time. The project of a project company is crucial to its existence. The project ha...

Q&A

What are the advantages of using wholly owned subsidiary or joint venture compan...

What are the advantages of using wholly owned subsidiary or joint venture compan...

Both solutions will take form of a limited liability company, which will have a separate legal personality, from the parent company. This will effectively provide the foreign company total control, limited liability and much less restrictions on the ...

Q&A

What are the advantages of using Hong Kong or Singapore as a holding company?

What are the advantages of using Hong Kong or Singapore as a holding company?

Given the number of tax treaties that Hong Kong and Singapore signed with the neighbouring emerging economies, they are ideal location for setting up a holding company because of: • Minimal exposure to corporate income tax • Options for f...

Q&A

Are there requirements to set up a holding company in Hong Kong for Chinese busi...

Are there requirements to set up a holding company in Hong Kong for Chinese busi...

With the Closer Economic Partnership Agreement, Hong Kong companies that pass certain threshold may receive preferential treatment in operating in China. This is particularly true for service industry. However, these treatments may be time dependent ...

Q&A

Why is Singapore a better place for reaching out into Asia?

Why is Singapore a better place for reaching out into Asia?

Since Singapore is a member of the ASEAN countries, a foreign-owned domestic company will automatically qualify for the duty free treatments across ASEAN countries. Also, Singapore has double tax agreements with India and China, this provides the ext...

Q&A

What criteria must be met by foreign investors to set up a trading company in Ch...

What criteria must be met by foreign investors to set up a trading company in Ch...

The foreign investor should meet the following criteria: Has a good reputation Has not committed any acts in violation of Chinese laws, administrative rules or regulations Can meet the required ratio between registered capital and total investme...

Q&A

What is ASEAN?

What is ASEAN?

ASEAN is an acronym for the Association of Southeast Asian Nations. The Association is founded in 1967 and is comprised of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. In recent years, the regi...

Q&A

What is Regional Comprehensive Economic Partnership?

What is Regional Comprehensive Economic Partnership?

Regional Comprehensive Economic Partnership (RCEP) scheme includes ASEAN bloc, China, India, Japan, South Korea, Australia and New Zealand. The aim of this partnership is, when being implemented, to lower customs duties and trade barriers between the...

Q&A

Why is Singapore a good base for Asia expansion?

Why is Singapore a good base for Asia expansion?

There are mainly three reasons: Singaporean companies enjoy a low tax rate of 17 percent. There will be no tax payable on dividends earned externally from its borders. It is also possible to operate a Singaporean company as a “shelf” ...

Q&A

What are the requirements for foreign persons to set up companies in Singapore?

What are the requirements for foreign persons to set up companies in Singapore?

Since Singapore does not allow foreign persons to register directly for a company, a professional service firm must be engaged to register on behalf of companies with non-Singapore National Registration Identity Card holders, non-Employment Pass hold...

Q&A

Are there any tax incentive programs in Singapore?

Are there any tax incentive programs in Singapore?

There are a number of these programs, such as Global Trader Program, HQ Program and incentives under Productivity and Innovation Credit Scheme. These are all programs aiming to draw in or encourage investment in Singapore.

Q&A

How does the tax incentive program operate in Singapore?

How does the tax incentive program operate in Singapore?

Take one example, the incentives under Productivity and Innovation Credit Scheme – businesses can get cash payout or a 400 percent tax deduction or allowance on expenditure of up to SG$ 400,000 on each of the following six activities: Purcha...

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