| Free zone name | Phnom Penh Free Zone | Subic Bay Free Zone | Kaohsiung Free Zone | Incheon Free Zone |
| Corporate tax payable | 0% | 0% | 0% | 0% |
| Average monthly salary skilled labour (US$) | US$1,000 | US$1,000 | US$1,500 | US$3,000 |
| Office rental square meter per month (US$) | US$2.5 | US$5 | US$2.9 | US$3 |
| Total company set up costs | US$16,135 | US$21,960 | US$18,390 | US$12,953 |
| Subsequent annual costs (incl. audit and tax) | US$2,300 | US$6,760 | US$4,950 | US$7,460 |
| How long to set the company up? | 8 weeks | 8 weeks | 3 weeks | 2 weeks |
| How long to open company bank account? | 4 weeks | 4 weeks | 3 weeks | 2 weeks |
| Issued share capital required | US$1,000 | US$200,000 | US$1 | US$10,000 |
| Corporate bank account | SCB or HSBC | SCB | SCB | Citibank Seoul |
| Legal considerations | | | | |
| Resident director required? | No | Yes | No | No |
| Resident shareholder required? | No | No | No | No |
| Minimum number of directors | 1 | 5 | 1 | 1 |
| Minimum number of shareholders | 2 | 5 | 1 | 1 |
| Resident company secretary | Yes | No | No | No |
| Individual shareholders allowed | Yes | Yes | Yes | Yes |
| Individual shareholders allowed | Yes | Yes | Yes | Yes |
| Corporate director(s) allowed | No | No | No | No |
| Public register of shareholders and directors | Yes | Yes | Yes | Yes |
| Tax and accounting considerations | | | | |
| Corporate tax payable | 0% (for 9 years) | 5% | 0% (no business within Taiwan) | 0% (no business within Taiwan) |
| Statutory audit required | Yes | Yes | Yes | Yes |
| Annual tax return to be submitted | Yes | Yes | Yes | Yes |
| Access to how many double tax treaties | None | 42 | 38 | 50 |
| Withholding tax payable | 14% | 30% | 20% | 20% |
| How long to get work permit approved | 3 months | 3 months | 3 months | 3 months |
| Can the entity hire expatriate staff in the country? | Yes | Yes | Yes | Yes |
| Logistic considerations | | | | |
| Tenancy agreement before incorporation? | No | Yes | Yes | Yes |
| Do you visit the country for incorporation? | No | No | Yes | No |
| Allowed to invoice/sign sales contracts with local clients | Yes | Yes | Yes | Yes |
| Can rent office premises in the country | Yes | Yes | Yes | Yes |
| Allowed to import raw materials? | Yes | Yes | Yes | Yes |
| Allowed to export goods? | Yes | Yes | Yes | Yes |
| Employment visa fees (US$) | US$4,950 | US$4,250 | US$3,850 | US$5,950 |
| What % of population speak English | 10% | 78% | 15% | 10% |
| Literacy rate (%) | 88% | 88% | 98% | 98% |
| Average monthly salary unskilled labour (US$) | US$300 | US$500 | US$950 | US$1,200 |
| Computer literacy rate (%) | 50% | 55% | 85% | 90% |
| Internet connectivity rating | Average | Average | Very Good | Excellent |
| Global business efficiency index score (out of 100) | 48 | 51 | 78 | 64 |
| Ease of doing business global ranking (lower better) | 137 | 108 | 16 | 74 |
| GDP per capita (US$) | US$946 | US$2,587 | US$20,328 | US$22,590 |
| Population (in million) | 14.8m | 96m | 23m | 50m |
| Unemployment rate | 2.7% | 7.3% | 4% | 2.9% |
| Inflation rate (2013) | 2.9% | 3.2% | -0.79% | 1.3% |
| GDP 2012 (US$ billion) | US$14bn | US$14bn | US$14bn | US$14bn |
| Real GDP Growth rate (2012) | Real GDP Growth rate (2012) | 1.9% | 2.5% | 2.3% |
| Estimate of engagement costs | US$ | US$ | US$ | US$ |
| Healy Consultants engagement fees | 7,960 | 6,350 | 8,545 | 4,500 |
| Company secretary and legal registered office | 950 | 950 | 950 | 3,500 |
| Estimate of Government registration fees | 1,325 | 350 | 45 | 53 |
| Tax registration fees | 950 | 750 | 950 | 940 |
| Corporate bank account opening | 4,950 | 4,950 | 3,950 | 4,950 |
| Estimate of total outgoings in Year 1 | US$16,135 | US$21,960 | US$18,390 | US$13,943 |
| Draft sales invoice attached | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF |
