company formation comparison: singapore vs. japan
TRANSCRIPT
Company Formation Comparison: Singapore Vs. Japan
A presentation brought to you by OpenCompanySingapore.com
1
Singapore and Japan from an Economic Point of View
• Asia: a great continent with some of the most technologically developed economies.
• Among these economies are Singapore and Japan.
• This presentation will offer a brief comparison between how easy it is open a company in Singapore and starting a business in Japan.
2
Opening a Company in Singapore Vs. Japan
3
• The company registration procedure for a Singapore company is simple and involves a few steps and takes about one day to be completed.
• Foreign investors seeking to open a company in Singapore must draft the statutory documents and file them with ACRA.
• Based on these, the company will receive its Certificate of Registration.
Company Registration in Singapore
• The company registration procedure in Singapore consists in: preparing the documents for company
formation;
reserving a company name;
filing the statutory documents with ACRA;
registering for taxation purposes;
making a company seal.
4
Company Registration in Japan
• The incorporation process can be broken down into the following steps for Japan:
preparing the company’s Articles of Association;
making the company seal;
depositing the share capital;
submitting all the documents with the Business Register;
applying for the relevant business licenses.
5
Singapore and Japan in Global Surveys
• According to the latest Global Competitiveness Index both Japan and Singapore are in the top 10 best countries to do business in.
• Singapore ranks second, while Japan is on the 6th position.
• This reflects the company formation process which is simpler and faster in Singapore than in Japan.
6
Why Open a Company in Singapore Instead of Japan?
• Singapore has a more attractive legislation for foreign investors, according to various surveys and let’s not forget about the many incentives the Government offers as support for small and medium-sized companies.
• On the other hand, Japan has a larger market size, however this is not enough for all foreign investors.
7
Singapore – Japan Double Tax Agreement
• Singapore and Japan have signed a treaty for the avoidance of double taxation in 1961, 1971 and in 1994.
• The double taxation agreement was amended in February 2010 with a new protocol.
• If you are interested in company registration in Singapore, our company formation specialists can provide you the information you need.
8
Company Formation Services in Singapore
• Apart from Singapore company formation, our local agents can also offer information the city-state’s double tax treaty with Japan.
• Also, if you want to start a business in the city-state, do not hesitate to contact our company formation experts in Singapore.
9
Thank you for your attention!
For more information, please contact us at:
+ 852 8191 [email protected]
www.opencompanysingapore.com
10