Relocate your Business to Asia

Contributed by BridgeWest, 26 September, 2017

Relocate your Business to Asia

Compared to the past years, when crossing borders was harder, things are much simpler now and not only for foreign citizens who relocate for work-related matters, but also for investors who want to move their businesses from one country to another. From Europe to the Americas and Asia or the other way around, company redomiciliation is possible thanks to various agreements signed between countries, but also international conventions which provide the legal framework for doing so.

The trend is now for business owners to relocate their companies to Asia, as the continent has emerged as one of the most prolific business hubs in the world. Small and medium countries like Malaysia and Singapore or large ones such as China and Japan are investors' favorite destinations for moving their companies to. So, let's take a look at what it means to move a company to one of these countries.

Why relocate a company to Malaysia?

Malaysia offers many advantages to those who want to start a business here, including to existing companies relocating their activities. Together with Singapore, Malaysia is one of the best economies in Southeast Asia at the moment, however it is cheaper to relocate a company here. The labor force and low-cost office spaces are just a few of the reasons for which those seeking to relocate a company to Asia should consider Malaysia.

One of the best Malay provinces to set up a business or relocate a company is Labuan. Companies here are subject to one of the lowest corporate taxes in the world – 3% and there are no specific requirements for companies relocating their activities here.

Company relocation to Singapore is simple and easy

Singapore has amended its Commercial Code in order to accommodate companies who want to move their activities here without opening a subsidiary. Of course, setting up a subsidiary in Singapore is also possible, but a foreign company can directly transfer its assets to this jurisdiction. The requirements for relocating a company to Singapore are a maximum yearly revenue of 10 million Singapore dollars and a maximum number of 50 employees.

Singapore is recommended from various points of view, among which its booming economy, its top positions in the most renowned surveys carried out at a global level, but most of all because the Lion City is a regional business hub when it comes to financial services.

China, the greatest economy in the world worth relocating a company here

The massive economy of China has caught the eye of most investors in the world. Whether opening a new company or relocating an existing business, China offers solutions for everybody. Even if unlike Singapore, China doesn't provide a direct company registration transfer procedure, setting up a subsidiary or a branch office of an existing business is possible.

Guangzhou and Shenzhen are just two of the country's regions renowned for the impressive infrastructure they offer. Also, the Chinese market is one of the most developed in terms of money availability coming from private equity.

Japan is one of the safest countries in the world

This Asian country is known as one of the safest states for doing business and living and that is one of the most important reasons to relocate a company to Japan. From a business point of view, Japan is one of the most competitive economies in the world and the second in Asia.

An interesting fact for those who want to relocate their companies to Asia is that Japan is the most "inspiring" country when it comes to business ideas, which is why it is also one of the most sophisticated and innovative in the world.

Before choosing a relocation country, it is worth checking each country individually and make your decision based on how easy it is to reregister the company, but it wouldn't hurt to take a look at what the country has to offer.

Tags: agreements | private equity | business | interest | Europe | employees | Japan | Labuan | Malaysia | China | Singapore | law | services | financial services | tax |

 

 





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