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Do you recognise HK and Singapore? | 你認識香港和新加坡嗎?

KPC Marketing | January 11, 2023 | Bank Account Opening, Company Formation | No Comments

Do you recognise HK and Singapore?

Hong Kong and Singapore are Asia’s international financial centres. They were key commerce ports during British rule. Let’s find out about them through our weekly blog.

History

Hong Kong, as China’s southern gate, was governed by the British, fortunately far away from the war and political upheaval in China (except WWII). Since the establishment of Communist China in 1949, Hong Kong has been China’s only remaining trading port until the Chinese economic reform in 1978. HK was handed over to China in 1997 and retains its capitalism as a special area.

Singapore is the Malay Archipelago’s southern gateway. She was the British Far East Financial and Military Headquarters. Singapore declared independence from Malaysia in 1965 due to political issues.

Incorporation

Hong Kong’s incorporation is simple and welcomes overseas investors. Your firm will be registered with just a few pieces of papers and identification proofs (of course, you can hire an agency like KPC). You will receive your Certificate of Incorporation and Business Registration. A director must be nominated in the meanwhile. There are no nationality restrictions, and the sole criterion for the director is that he or she be at least 18 years old.

A limited liability company is the most popular business structure in Singapore. The difference between the two regions’ incorporation procedures is that you must sign a power of attorney paperwork. In order to appoint the director, at least one ordinary Singapore resident is required.

Taxation System

Before you decide where your business begins, tax may be the most important consideration point.

Tax

Hong Kong Singapore
Corporate Income Tax First HKD$2M profits (8.25%) and the remaining profits will be counted at 16.5% Standard tax rate: 17%

First 3 consecutive years: First SG$100,000 profits (75% tax exemption)

Additional 50% exemption for the next SG$100,000 income

Good and services tax / 7% (only businesses that exceed SG$1M annual turnover need to register)
Foreign – Sourced Income Tax HK Company can claim profits tax exemption on the offshore activities At least 15%
Employment Tax 2% – 17%

Salary starts from HKD$120,000

2% – 22%

Salary starts from SG$20,000 to above SG$320,000

 

Both regions have a competitive tax regime in order to entice foreign investors to invest in respective markets. It is difficult to declare Singapore or Hong Kong to be the best places to conduct business.

Legal System

As previously stated, Hong Kong was a British colony. The legal system is based on British Common Law. Despite the fact that Hong Kong is now a part of China, the legal system is clearly distinct due to the “One Country, Two Systems” principle. All prosecutions and civil disputes are heard by the Judiciary under common law. It is fully independent of both the executive and legislative branches of government. Hong Kong’s commercial climate is protected by a well-developed legal framework.

Singapore is a republic with a Westminster-style parliamentary government. The Supreme Court and any subordinate courts may be established by any written law currently in force in Hong Kong.

Hong Kong is coming back. No idea how to set up your business in Hong Kong? KPC Business Centre has 14 years of experience assisting the new startup company with our one-off corporate services. Mail [email protected] / Whatsapp us at +852 9130 2236 for your questions if you are confused with the company incorporation.


香港和新加坡被稱為亞洲的國際金融中心。它們曾是英國治理下的重要貿易港口。讓我們通過我們的本周的blog來探索她們。

歷史

作為中國的南大門,香港在英國管治之下,有幸的是遠離中國的戰爭和政治衝突(二戰除外)。特別是由1949年新中國成立至1978年中國經濟改革開放,香港是中國僅存的對外貿易港口。1997年,香港回歸中國,成為保持資本主義運作的特別行政區。

另一方面,新加坡是馬來群島的南大門。她曾是英國在遠東的金融和軍事總部。 1965年,由於與馬來西亞的一些政治問題,新加坡獨立成為一個國家。

公司註冊

在香港成立公司十分容易,歡迎任何外國投資者。你只需處理部分的文書工作和提供身份證明(當然您可以安排第三方代理,如 KPC等服務提供者),公司被註冊後。您會收到公司註冊證書和商業登記證。同時,你的公司必須任命一名董事,董事是沒有國籍限制的,唯一要求是必須年滿18歲。

在新加坡,有限責任公司是在當地開展業務的最常見選擇。兩個地區的註冊程序之間的區別是在於新加坡有限責任公司必須簽署一份政府的授權書。至於任命董事,每間公司至少需要一名新加坡國民擔任董事,以確保公司合乎法規。

稅制

在您決定從哪個地方開始您的業務前,稅收可能是最重要的考慮因素。

稅

香港 新加坡
公司所得稅 首200萬港元利潤(8.25%),其餘利潤按16.5%計算 標準稅率:17%

連續首 3 年:首次獲利新加坡元$100,000(稅率中的75% 免稅)

之後的新加坡元$100,000收入, 可享額外 50%稅率豁免

商品和服務稅 / 7%(只有年營業額超過 100 萬新元的企業才需要註冊)
國外來源所得稅 香港公司可就離岸活動申請利得稅豁免 至少 15%
薪俸稅 2% – 17%

薪金由 120,000 港元起按收入計算

2% – 22%

薪水由新加坡元 $20,000至 $320,000 新元以上

兩個地區的稅收制度不相伯仲,因為他們希望吸引更多的外資進入市場。 因此,很難比較新加坡或香港哪個是做生意的最佳地點。

法制

正如我們提到的,香港和新加坡都曾是英國的殖民地,所以法律體是以英國普通法為基礎。 儘管香港現在是中國的一部分,基於一國兩制的關係,兩地的法律制度肯定是不同的。 普通法下的司法機構審理所有起訴和民事糾紛。 它完全獨立於行政機關和立法機關。 完善的法律制度保護著香港的營商環境。

而新加坡是一個共和國,擁有基於英國西敏寺模式的議會制政府。 最高法院和下級法院可審理所有起訴和民事糾紛。

香港正跟隨國際的步伐回復正常,如果您對拓展香港市場有疑問,歡迎發送郵件至 [email protected] / Whatsapp 我們 +852 9130 2236。尖沙咀商務中心擁有14年的商業服務經驗,協助過無數的外國投資者來港的拓展市場。

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