| Our ranking in order of preference | 1 | 2 | 3 | 4 | 5 |
| Quick summary | | | | | |
| Minimum paid up share capital? | US$1 | US$1 | US$3,100 | US$1 | US$1 |
| Total engagement period? | 2 months | 2 months | 2 months | 2 months | 2 months |
| How long set the company up? | 1 week | 1 week | 2 weeks | 1 week | 1 week |
| Our Client must travel? | No | No | No | No | No |
| How long to open bank account? | 7 weeks | 7 weeks | 7 weeks | 7 weeks | 7 weeks |
| Fast turnkey solution available? | Yes | Yes | Yes | Yes | Yes |
| Total year 1 engagement set up costs? | Click this link | Click this link | Click this link | Click this link | Click this link |
| Total year 2 costs (including est. of accounting and tax fees)? | Click this link | Click this link | Click this link | Click this link | Click this link |
| Incorporation requirements | | | | | |
| A resident director or representative is required? | No | Yes | No | Yes | No |
| National shareholder required? | No | No | No | No | No |
| Minimum number of directors? | 1 | 1 | 1 | 1 | 1 |
| Resident director company secretary required? | Yes | Yes | Yes | Yes | Yes |
| Individual shareholder allowed? | Yes | Yes | Yes | Yes | Yes |
| Corporate shareholders allowed? | Yes | Yes | Yes | Yes | Yes |
| Corporate director(s) allowed? | No | No | Yes | No | Yes |
| Public register of shareholder and directors? | Yes | Yes | Yes | Yes | No |
| Tax and accounting | | | | | |
| Special tax regime for holding companies? | No | Yes | No | No | No |
| Controlled Foreign Corporation (CFC) rules applicable? | No | No | No | Yes | No |
| Required % ownership? | N/A | N/A | N/A | N/A | N/A |
| Corporate tax rate payable on foreign sourced income? | 0% | 0% | 12% | 28% | 0% |
| Withholding tax on dividends paid to non-residents individuals? | 0% | 0% | 0% | 0-30% | 0% |
| Withholding tax on dividends distributed to resident individuals? | 0% | 0% | None | 33% | 0% |
| Withholding tax on interest paid to non-residents individuals? | 0% | 0% | None | 33% | 0% |
| Capital gains tax payable on sale of subsidiary? | None | None | None | None | None |
| Annual return to be submitted? | Yes | Yes | Yes | Yes | No |
| Annual financial statements required? | Yes | Yes | Yes | Yes | No |
| Statutory audit always required? | Yes | No | No | No | No |
| Must always register for VAT/GST? | No | No | No | No | No |
| Link to double tax treaties? | Click link | Click link | Click link | Click link | None |
| Can do business and hire locals? | Yes | Yes | Yes | Yes | Yes |
| Blacklisted “tax neutral” jurisdiction? | No | No | No | No | Yes |
| Corporate bank account considerations | | | | | |
| Recommended corporate bank account? | HSBC | DBS | Bank of China | Bank of China | International bank |
| Travel required to complete account opening? | Yes | Yes | Yes | No | No |
| Minimum recommended deposit (US$)? | US$50,000 | US$50,000 | US$50,000 | US$20,000 | US$100,000 |
| Multi-currency corporate bank account? | Yes | Yes | Yes | Yes | Yes |
| Quality of bank customer services? | Good | Good | Good | Good | Good |
| Quality of online banking services? | Excellent | Excellent | Excellent | Excellent | Good |
| Corporate credit/debit cards available? | Yes | Yes | Yes | Yes | Yes |
| Resident bank signatory required? | No | No | No | No | No |
| FATCA reporting to the USA? | In Force | In Force | Signed | In Force | None |
| Logistics considerations | | | | | |
| Virtual office services available? | Yes | Yes | Yes | Yes | Yes |
| Allowed to make sales to foreign Clients? | Yes | Yes | Yes | Yes | Yes |
| Allowed to make sales to local customers? | Yes | Yes | Yes | Yes | Yes |
| Local sales subject to tax? | Yes | Yes | Yes | Yes | |
| Can the entity hire local staff? | Yes | Yes | Yes | Yes | Yes |
| Can the entity hire expatriate staff? | Yes | Yes | Yes | Yes | Yes |
| How long to get work permit approved? | 2 months | 2 months | 2 months | 6 months | 2 months |
| Draft sales invoice for business setup? | Click this link | Click this link | Click this link | Click this link | Click this link |
