Start Your Business in USA, Canada & Middle East with Free Consultation





    Experience Effortless Company Formation with Guaranteed Bank Account Setup. Rest assured, our team will handle all compliance procedures from start to finish, all from the comfort of your home.

    Our comprehensive formation package encompasses Business Name Search, Expert Guidance on the Right Legal Structure and State Selection, Seamless Company Formation, Obtaining Required Licensing & Registration, Tax Filing for both State & Federal Levels, Guaranteed Bank Account Opening, Annual Compliance Assistance, and Address Services—all provided for your convenience.

    Our In house professional will take care every thing without you wasting your time. Experience this now.

    List Of Our Services

    Company Formation:

    Company Formation Made Easy: Quick and Stress-Free Setup with Free Expert Advice to Ensure a Strong Foundation from the Start.

    Bank Account Opening:

    Opening a business bank account as a non-resident has traditionally been challenging. Our team alleviates this stress by efficiently facilitating the process with trusted banks and fintech institutions.

    Tax Registration:

    Obtain Essential Tax Registration in Your Target Expansion Country. Our Professional Team Ensures Compliance to Prevent Future Issues.

    Address Services:

    Obtain a Business Address and Let Our Team Handle All Your Mailers and Correspondence Efficiently

    Cross-Border Tax Planning:

    International tax planning allows taxpayers to strategically leverage various tax exemptions, deductions, and reimbursements to minimize their tax liability for the financial year. Our professional team provides legitimate solutions to ensure you don’t overpay on taxes.

    Annual Compliance and Filing:

    Running your business in a fully compliant manner requires annual compliance obligations and timely filing. Avoid heavy penalties by letting our experts handle this efficiently within the specified timeline.

    Buying Ready-made Companies/Takeovers/Mergers & Acquisitions:

    Entrust our team to navigate the complexities of purchasing ready-made companies, managing mergers and acquisitions, and conducting due diligence on existing businesses.

    Merchant Processing:

    Get merchant processing to run your business smoothly.

    start your business
    Q&As
    Frequently Asked Questions?

    How I Choose A Right Place to Set Up My Entity

    Consider below points:

    1. Annual Minimum Cost of Corporate Maintenance- such Annual Corporate Filing, Minimum Taxes
    2. State Law and relevant laws – e.g. Delaware and Nevada offers attractive tax advantages. The Delaware Court of Chancery is often considered an advantageous venue for shareholder lawsuits
    3. Place of Business – It is always recommended to incorporate entity in the state where business will be conducted

    What Is an EIN And Why do I Need One?

    An Employer Identification Number (EIN), also known as a federal tax identification number or FEIN or FEI, is a nine-digit number that the IRS assigns to business entities.

    • This number is used to identify a business entity and to identify taxpayers that are required to file various business tax returns.
    • A business will need to apply for a new EIN if the business is sold or is otherwise transferred.
    • You will need an EIN if you have employees in your new business.
    • Banks will require an EIN to open an account for all corporations.

    What is the difference between INC and LLC and which one is better ?

    A limited liability company is a type of business structure that offers personal liability protections and a few tax advantages to boot. The "LL" in LLC is what protects your personal assets in the event of a judgment against your company. Corporations offer limited liability as well, so we're going to focus on the structural and taxation differences in the chart below.

    Corporation:

    Despite the ease of administration of an LLC, there are significant advantages to using a corporate legal structure. Two types of corporations can be formed. An S corporation is a passthrough entity for tax purposes. A C corporation is taxed at the corporate level and files a corporate tax return.

    Corporations offer more flexibility when it comes to their excess profits. Whereas all income in an LLC flows through to the members, an S corporation can pay its employees a reasonable salary while deducting expenses such as federal taxes. The remaining profits can be distributed as dividends from the corporation. As of 2015, dividends have a lower tax rate when compared to gross income. C corporations have the advantage of allowing profits to remain with the corporation. Thus, the dividends paid from the corporation can be structured to take advantage of the best tax scenario for the shareholders. Also, for businesses that eventually seek to issue stock, the corporation can easily issue shares, while an LLC cannot issue shares.

    LLC:

    The IRS does not treat LLCs as a distinct entity for tax purposes by default, which offers greater flexibility. An LLC with a single member can be taxed and treated like a sole proprietorship. Thus, profits and losses are taxed on the individual’s personal federal tax return.

    There are two options for an LLC with more than one member. The first option is to treat the members as partners. The members are taxed the same as the partners in a partnership. The other option is to tax the LLC as a corporation.

    One potential drawback to using an LLC is that members may have to pay self-employment taxes on their profits and any salaries. For an LLC, the profits flow through to the members who deal with them on their federal tax returns. For a corporation, profits are taxed at the corporate level. The individual members usually have to pay for federal items such as Medicare and Social Security. There are other drawbacks as well. There can be an automatic termination of an LLC that is treated like a partnership for federal tax purposes. The automatic termination is triggered if there is a sale or exchange of 50% or more of an LLC’s total interest within a 12- month period. This is called a technical termination. When this occurs, the assets are considered to have been contributed tax-free to a new LLC. The membership interests in the new LLC are then treated as having been distributed to the members of the old LLC. Also, there must be at least two members for an LLC to be treated as a partnership for tax purposes. In contrast, there can be a C corporation or S corporation, which only has one shareholder.

    Another major disadvantage is the differences among states in the statutes that govern LLCs. This can lead to uncertainty for LLCs that operate in multiple states. The differences in rules and regulations can result in additional paperwork and inconsistent treatment across different jurisdictions.

    Which country is better to incorporate Hongkong or Singapore?

    SINGAPORE
    HONG KONG
    Advantages
    • Business-friendly schemes and incentives such as PIC, Global Trader, Start-up Exemption Scheme.
    • Extensive network of cross border tax treaties.
    • Lower effective corporate tax rate.
    • Exemption from audit requirements in most cases
    • Safe harbor (gains from the disposal of equity investments by companies are not taxed if certain qualifying conditions are met)
    • Purely territorial system of taxation.
    • Though the treaty network is not as extensive as Singapore, but some treaties such as with Indonesia are better suited for businesses.
    • Case law (sourcing rules)
    • No Goods & Services tax.
    • Low or no Withholding taxes
    • No resident director requirement for incorporating a company.
    Disadvantages
    • Taxation on certain kinds of remittances.
    • Withholding taxes for some situations.
    • Political unrest in recent years.
    • Lack of incentives for businesses.
    • After it became a part of China, there is a slowdown in signing up new cross-border tax treaties.

    Incorporation Requirements

    SINGAPORE
    HONG KONG
    Requirements for incorporating a private limited (in Singapore) and a limited company (in Hong Kong).
    • At least one shareholder.
    • At least one director that is a ordinarily resident in Singapore.
    • Company secretary who is a Singapore resident.
    • Paid-up capital of S$1
    • Registered office address in Singapore (no PO box)
    • No restriction on foreign ownership.
    • To be eligible for Singapore tax residency, the management and control of the company must b done from Singapore.
    • At least one director (can be non-resident) and one local company secretary.
    • At least one registered shareholder.
    • One corporate director is mandatory.
    • If limited by shares, at least one founder member should hold one share
    • Authorized capital is HK$10,000
    • Minimum share capital is HK$1
    • Registered office situated in Hong Kong (no PO box)
    • No definition of tax residency so it depends on the respective DTA.
    Incorporation procedure
    • Company name approval
    • Company registration
    • Choose company name
    • Complete company incorporation and business registration
    • Receive certificates
    Time to incorporate
    • Just few hours if all the paperwork is in order
    • Seven Days
    Exchange control
    • None
    • None
    Bank account location
    • Anywhere
    • Anywhere
    Annual compliance requirements
    • Annual general meeting
    • Filing of annual returns
    • Annual audit is required if it’s not an Exempt Private Company (non-corporate shareholder and annual revenue is less than S$5 million)
    • Annual general meeting.
    • Filing of annual returns
    • Audit is mandatory.
    Double Taxation Agreement (DTA) with China
    • China-Singapore DTA entered into force on 18, September 007.
    • Concept of Residence an “Permanent Establishment” in DTA.
    • Main revenues covered by the DTA.
    • China-Hong Kong DTA entered into force on 8 December 2006.
    • Concept of Residence and “Permanent Establishment” in DTA
    • Main revenues covered by the DTA

    Taxation Differences:

    2

    SINGAPORE
    HONG KONG
    Tax System
    • Territorial + tax on some types of remittances
    • Purely territorial
    Legal regime
    • English common law
    • English common law
    Tax exchange information
    • Yes if the request is specific an reasonable
    • Yes and no court order is required
    No. of tax treaties
    • 76
    • 30
    Corporate income tax rate
    • Up to 17%, but effective rate a lot less if companies take advantage of schemes such as Start-up Tax Exemption, Partial Exemption, Corporate Tax Rebate etc.
    • Flat rate of 16.5% for corporations
    Goods & Services Tax
    • 7%
    • None
    Capital Gains Tax None
    Withholding Tax None on dividend distribution
    • 15%  on gross interest paid to non-resident with no business operation in Singapore.
    • None
    • 10% on gross royalty paid to non-resident with no business operation in Singapore.
    • 16.5% tax on either 30% or 100% of the gross royalty depending on qualifying conditions.
    Avoidance of double taxation
    • Ordinary credit method with Foreign Tax Credit (FTC) pooling allowed.
    • Ordinary credit method with no pooling allowed.
    Tax incentives
    • Productivity and Innovation Credit
    • Foreign Tax Credit Pooling
    • Global Trader Programme
    • Corporate Tax Rebate
    • Start-up Tax Exemption Scheme.
    • Partial Exemption Scheme
    • Fund management activities (5% or 10% corporate income tax rates)
    • None

    << 1 >>