| Total company engagement set up costs |
US$20,840 |
US$30,840 |
US$16,130 |
US$21,850 |
US$13,223 |
| Subsequent annual costs (incl audit and tax) |
US$9,525 |
US$14,490 |
US$15,145 |
US$13,450 |
US$9,415 |
| How long to set the company up? |
2 months |
3 months |
4 weeks |
2 months |
1 week |
| How long to open company bank account? |
4 weeks |
4 weeks |
4 weeks |
4 weeks |
6 weeks |
| Issued share capital required |
US$10,000 |
US$300,000 |
US$1 |
US$200,000 |
US$1 |
| Corporate bank account location |
SCB Vietnam |
SCB Indonesia |
SCB Kuala Lumpur |
SCB Philippines |
SCB Singapore |
| Tenancy agreement required before incorporation? |
Yes |
Yes |
No |
Yes |
No |
| Do you travel for company incorporation? |
No |
No |
No |
No |
No |
| Resident director required? |
Yes |
Yes |
Yes |
Yes |
Yes |
| Legal considerations |
|
|
|
|
|
| Resident shareholder required? |
No |
No |
No |
No |
No |
| Minimum number of directors |
1 |
1 |
1 |
5 |
1 |
| Minimum number of shareholders |
1 |
2 |
2 |
5 |
1 |
| Resident company secretary required? |
No |
No |
Yes |
No |
Yes |
| Individual shareholders allowed |
Yes |
Yes |
Yes |
Yes |
Yes |
| Corporate shareholders allowed |
Yes |
Yes |
Yes |
Yes |
Yes |
| Corporate director(s) allowed |
No |
No |
No |
No |
No |
| Public register of shareholders and directors |
Yes |
Yes |
Yes |
Yes |
Yes |
| Tax and accounting considerations |
|
|
|
|
|
| Corporate tax payable % |
20% |
22% |
24% |
25% |
17% |
| Statutory audit required |
Yes |
Yes |
Yes |
Yes |
No |
| Annual tax return to be submitted |
Yes |
Yes |
Yes |
Yes |
Yes |
| Access to how many double tax treaties |
Yes |
Yes |
Yes |
Yes |
Yes |
| Tax exempt free zones available |
VSIP FTZ Dong Nam |
Batam |
Pasir Gudang Port Klang Bayan Lepas |
Subic Bay Clark Freeport |
Sembawang Wharves Brani Terminal |
| Resident company for local tax purposes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Withholding tax payable |
5-10% |
20% |
10-15% |
20-30% |
10-15% |
| How long to get work permit approved |
2 months |
2 months |
2 months |
2 months |
1 month |
| Can the entity hire expatriate staff in the country? |
Yes |
Yes |
Yes |
Yes |
Yes |
| Logistics considerations |
|
|
|
|
|
| Allowed to sign sales contracts with local clients |
Yes |
Yes |
Yes |
Yes |
Yes |
| Allowed to invoice local clients |
Yes |
Yes |
Yes |
Yes |
Yes |
| Average monthly salary of skilled labour |
US$600 |
US$800 |
US$2,500 |
US$1000 |
US$4000 |
| Average monthly salary of unskilled labour |
US$200 |
US$250 |
US$350 |
US$250 |
US$800 |
| English spoken by what % of the population |
50% |
40% |
70% |
78% |
80% |
| Literacy rate % |
94% |
90% |
92% |
93% |
93% |
| Computer literacy rate % |
60% |
60% |
80% |
55% |
98% |
| Office rental per square meter per month |
US$20 |
US$20 |
US$20 |
US$15 |
US$30 |
| Warehouse rental per square meter per month |
US$5 |
US5 |
US$3 |
US$3 |
US$25 |
| Country rating (out of 100) |
136 |
60 |
78 |
100 |
23 |
| Internet connectivity rating |
Poor |
Poor |
Fair |
Poor |
Excellent |
| GDP per capita (US$) |
1,596 |
3,557 |
10,381 |
2,588 |
51,709 |
| Government liberal or controlling of daily business |
Strict |
Moderate |
Liberal |
Strict |
Liberal |
| Population % tertiary enrollment |
24% |
25% |
42% |
28% |
34% |
| Global business efficiency index score (out of 100) |
60 |
50 |
26 |
40 |
3 |
| Ease of doing business global ranking (lower the better) |
99 |
128 |
12 |
138 |
1 |
| Population |
89 million |
248 million |
30 million |
98 million |
5 million |
| Unemployment rate |
3% |
7% |
3% |
7% |
2% |
| Inflation rate (2013) |
7.5% |
8.8% |
2% |
2% |
1.9% |
| GDP 2012 US$ billion |
US$142bn |
US$878bn |
US$304bn |
US$250bn |
US$275bn |
| Average annual growth (2012) |
5% |
6.2% |
5.6% |
6.6% |
1.3% |
| Draft sales invoice attached |
View invoice PDF |
View invoice PDF |
View invoice PDF |
View invoice PDF |
View invoice PDF |
