Weighing the pros and cons of the location you want to build your business is a great move to maximize and optimize the place's resources to help you grow and whether you choose Hong Kong or Singapore.
Because different countries might offer distinct benefits to your business growth, everywhere is a great spot to register your e-commerce. Only your personal choices as an entrepreneur, and in this case, taxes, may distinguish one from the other.
Since different countries highlight their strengths in supporting international entrepreneurs and their firms to thrive in their area, it's impossible to say which location is the 'ideal place' company formation.
Hong Kong
- Well-Known Business Hub - Gives easy access to various exchange points, particularly in Mainland China.
- Attractive Tax System - Corporate tax is at 8.25% or 16.5% depending on the assessable profits. Don't collect gains tax, withholding tax, and tax for imports.
- Simple & Easy Startup - A Company Registration Service Provider Hong Kong takes about two weeks and includes a business bank account.
Singapore
- Strategic Location - Singapore has access to 2.8 billion key markets.
- FinTech Ecosystem - Supports the creation of digital banking platforms.
- Capital Markets - Singapore houses major international exchange dealers.
Weighing the pros and cons of the location you want to build your business is a great move to maximize and optimize the place's resources to help you grow and whether you choose Hong Kong or Singapore.
