| Our ranking in order of preference | 1 | 2 | 3 | 4 | 5 |
| Summary at a glance | | | | | |
| Total year 1 engagement costs (click link)? | US$27,300 | US$13,710 | US$22,086 | US$11,550 | US$14,500 |
| Total year 2 costs (incl. audit and tax)? | US$18,770 | US$3,500 | US$12,450 | US$7,450 | US$3,400 |
| Our Client must travel during the engagement? | No | No | No | No | No |
| Total engagement period? | 4 months | 4 months | 5 months | 4 months | 3 months |
| Corporation tax rate on net profits (click link)? | 22% | 25% | 29% | 24% | 25% |
| Average monthly labor salary? | US$169 | US$95 | US$131 | US$108 | US$100 |
| Average monthly office rental per sq m? | US$45 | US$23 | US$29 | US$20 | US$17 |
| Average monthly warehouse rental per sq m? | US$10 | US$4 | US$6 | US$5 | US$2 |
| National resident shareholder required? | No | No | No | No | No |
| English language proficiency % of population? | 11% | 18% | 49% | 10% | 46% |
| Incorporation requirements | | | | | |
| How long to secure company registration number? | 2 months | 1 month | 3 months | 2 months | 1 month |
| Minimum number of shareholders? | 2 | 2 | 2 | 1 | 3 |
| Individual and corporate shareholders allowed? | Yes | Yes | Yes | Yes | Yes |
| Minimum number of directors? | 2 | 2 | 2 | 1 | 1 |
| Resident director (click link) required? | Yes | No | No | No | No |
| Resident company secretary (click link) required? | No | No | Yes | Yes | No |
| Minimum paid up share capital (US$)? | 1,650 | 1 | 1,000 | 1 | 1 |
| Fast turnkey solution available (click link)? | Yes | Yes | Yes | Yes | Yes |
| Fastest time Healy Consultants set up company? | 1 month | 1 month | 2 months | 1 month | 1 month |
| Office premises required before co registration? | No | No | No | No | No |
| Virtual office address will suffice? | Yes | Yes | Yes | Yes | Yes |
| Special permit or license required? | No | No | No | No | No |
| Corporate director(s) allowed? | No | No | No | No | No |
| Can be wholly foreign owned? | Yes | Yes | Yes | Yes | Yes |
| Company registration process is? | Complex | Difficult | Very complex | Complex | Complex |
| Company documents in English? | Yes | Yes | Yes | Yes | Yes |
| Must translate shareholders and directors docs? | No | No | No | No | No |
| Efficiency of Government co registration office? | Poor | Medium | Poor | Medium | Medium |
| Government incorporation fees (US$) payable? | 155 | 300 | 750 | 500 | 200 |
| Public register of shareholders & directors? | Yes | Yes | Yes | Yes | Yes |
| Tax and accounting considerations | | | | | |
| Corporate tax (%) payable (click link)? | 22% | 25% | 29% | 24% | 25% |
| GST or VAT (%) payable (click link)? | 14% | 15% | 0% | 12% | 13% |
| Average customs duty (%) on imports? | 15% | 15% | 10% | 10% | 10% |
| Average customs duty (%) on exports? | 0 | 0 | 0 | 0 | 0 |
| Withholding tax (%) on dividend distributions? | 0 | 20% | 15% | 10% | 5% |
| Withholding tax on distributions (%) to Singapore? | 0 | 15% | 13% | 10% | 5% |
| Annual financial statements required? | Yes | Yes | Yes | Yes | Yes |
| Statutory independent annual audit required? | Yes | Yes | Yes | Yes | Yes |
| Monthly accounting and tax reporting required? | Yes | Yes | Yes | Yes | Yes |
| Tax incentives for manufacturing start-ups? | Yes | Yes | Yes | Yes | Yes |
| Access to how many double tax treaties? | 94 | 30 | 57 | 39 | 7 |
| Number of tax exempt free zones available? | 0 | 8 | 0 | 0 | 0 |
| Corporate bank account considerations | | | | | |
| DBS India | SCB Bangladesh | SCB Pakistan | SCB Sri Lanka | SCB Nepal |
| How long to open corporate bank account? | 4 weeks | 5 weeks | 5 weeks | 4 weeks | 5 weeks |
| Do I travel to open the bank account? | No | No | Yes | Yes | Yes |
| Yes | Yes | Yes | Yes | Yes |
| Must have a local bank signatory? | No | No | No | No | No |
| Corporate ATM cards available? | Yes | Yes | Yes | Yes | Yes |
| Good internet banking available? | Yes | Yes | Yes | Yes | Yes |
| Funds transfer currency controls | Yes | Yes | Yes | Yes | Yes |
| Bank rating by World Economic Forum? | 4.3 | 4.2 | 4.8 | 5.8 | 4.2 |
| Ease of getting credit by WEF? score (1-7) | 3.6 | 2.4 | 2.6 | 2.9 | 2.3 |
| Employment considerations | | | | | |
| Average skilled labour monthly salary? | US$254 | US$143 | US$197 | US$162 | US$150 |
| Average unskilled labour monthly salary? | US$127 | US$72 | US$104 | US$93 | US$80 |
| Average pension/insurance benefits (%) of salary? | 18 | 0 | 0 | 3 | 0 |
| Minimum national salary? | US$0 | US$19 | US$127 | US$50 | US$79 |
| Mandatory labor unions? | No | No | No | No | No |
| Minimum notice to dismiss employees? | 1 month | 1 week | 1 month | 1 month | 1 month |
| Minimum redundancy indemnity? | 2 weeks | 4 weeks | 4 weeks | 10 weeks | 4 weeks |
| Quota ratio of foreign workers to local staff? | No | 5% | No | No | No |
| How long to get work permit approved? | 3 months | 3 months | 4 months | 3 months | 2 months |
| Manufacturing considerations | | | | | |
| Cost per unit of electricity (US$)? | 0.07 | 0.07 | 0.08 | 0.1 | 0.09 |
| Rank for getting electricity (click link) | 4 | 40 | 73 | 93 | 22 |
| Warehousing space rental (per sq. m.)? | US$10 | US$4 | US$6 | US$5 | US$2 |
| Ranking for transport infrastructure (click link) (1-7 best) | 4.5 | 2.7 | 3.4 | 4.1 | 2.4 |
| Ranking for customs procedures out of 7 (click link)? | 3.9 | 3.5 | 3.7 | 4 | 3.2 |
| Government incentives for startups? | Yes | Yes | Yes | Yes | Yes |
| Computer literacy (%) of population? | 7% | 8% | 10% | 25% | 10% |
| Internet connectivity rating? | Satisfactory | Poor | Satisfactory | Satisfactory | Poor |
| Global business efficiency index (click link)? | 71 | 103 | 129 | 73 | 102 |
| Preferred manufacturing city? | Mumbai | Dhaka | Karachi | Colombo | Kathmandu |
| Proximity of sea port in kilometers? | 23 | 279 | 16 | 4 | 927 |
| Proximity of airport in kilometers? | 8 | 8 | 17 | 16 | 4 |
| Proximity of rail in kilometers? | 2 | 4 | 2 | 2 | 222 |
| Literacy % of population (click link)? | 71 | 62 | 58 | 93 | 64 |
| Local purchasing power in USD (GDP per capita) | 1,598 | 1,093 | 1,334 | 3,631 | 697 |
| Local market size (in millions of people) | 1,295m | 159m | 185m | 21m | 28m |
| Average annual inflation rate (%)? | 6 | 7 | 7 | 3 | 8 |
| Average unemployment rate (%)? | 4 | 4 | 5 | 4 | 3 |
| Most common industry in the country? | Software | Textiles | Textiles | Product Processing | Tourism |
| Ease of doing business index (click link) | 142 | 173 | 128 | 99 | 108 |
| Country rating (click link) | BBB- | BB- | B- | B+ | N/A |
| Most common import into the country? | Crude Oil | Petroleum | Food | Textile fabrics | Petroleum |
| Most common export from the country? | Software | Textiles | Linens | Textile | Carpets |
