In the wave of economic globalization, going overseas has become a key strategic choice for many enterprises to break through the bottleneck of growth and expand the market territory. Stepping onto the international stage, enterprises will directly face a broader consumer group, contact with cutting-edge technology and innovative ideas, and greatly enhance the global influence of the brand.

However, the road to go overseas is not a straight path, the tax policy of each country is like an intricate labyrinth, and the company registration process is also unique, so the slightest carelessness may get into trouble and bring unnecessary losses to the enterprise. Therefore, a comprehensive and in-depth understanding of the tax rules and registration points of the target countries is the cornerstone for enterprises to go overseas.

Based on this, Enterprise Caiying has carefully selected 8 destinations with great potential for overseas expansion, and attached detailed tax strategies and registration guides to help all bosses successfully open a new chapter of overseas expansion in 2025, seize the first opportunity in the global market, and reap great rewards!

01.Hong Kong, China: Pearl of the Orient

Core strengths:
A free economy with no exchange controls and close ties with the Mainland.

📍 Tax benefits: 

• Corporate income tax rate of only 8.25% (first 2 million profit)The standard rate is 16.51 TP3T.
• Taxation of Hong Kong-sourced profits only, tax exemption for overseas income
• No VAT, no sales tax

Suitable for the industry:
Trade, finance, investment holding, services.

Registration Tip:
At least 1 shareholder and director are required, no local director is required, but a Hong Kong registered address and company secretary are required (both can be provided by our company)

If your business has the need to register a Hong Kong company, you are welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

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02.Singapore: The Pearl of Southeast Asia

Singapore, with its favorable geographic location, robust political environment, advanced financial system and attractive tax incentives, has become a popular first choice for Chinese companies going overseas.

📍 Tax benefits: Corporate Income Tax (CIT): The rate is a flat 17%, but newly established businesses can enjoy a substantial discount for the first three years. The first S$100,000 of taxable income is exempted from 75% and the next S$100,000 of taxable income is exempted from 50%.GST: The rate of 8% is levied only on goods and services supplied locally in Singapore, and is usually zero-rated on exported goods and international services.Withholding taxes: Dividends are exempt from withholding tax; interest is generally subject to a withholding tax rate of 15%, which can be significantly reduced under relevant tax treaties; and royalties are subject to a withholding tax rate of 10%.

🌐Registration Tips
Company type: Private limited companies are the most common, with limited liability for shareholders, and are attractive to investors.
Requirements for registration: at least one local director aged 18 years or above (can be provided by a professional organization); one shareholder (can be a natural person or a legal entity); minimum registered capital of SGD 1, no paid-up capital required.
Registration Process: Firstly, conduct a company name search to ensure that the name is available; then prepare the articles of association, shareholders' identification and other relevant documents; submit the registration application to the Accounting and Corporate Regulatory Authority of Singapore (ACRA), which is generally approved within 1 - 2 working days.

If your business has the need to register a Singapore company, welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

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03.United States: the world's largest market

Core strengths:
The market is huge, the innovation environment is excellent, and it is well capitalized.

📍 Tax benefits: 

• tax policies vary from state to state.No State Corporate Income Tax in Wyoming, Texas, etc.
• Federal Corporate Income Tax Rate 21%
• Multiple R&D Tax Credits

Taxation of U.S. companies is more complex, and it is generally recommended that a Hong Kong corporate structure be set up at the same time to keep profits in Hong Kong, which can reduce the tax burden.

Suitable for the industry:
Technology, e-commerce, manufacturing, services.

Registration Tip:
Recommended to incorporate in Delaware, with the best corporate laws; need to apply for an EIN tax ID number, states have different reporting requirements.

🌐Registration Tips; Chinese need to prepare for the registration of U.S. companies

1️⃣ Company name: English name (it is recommended to prepare 3, the system check)

2️⃣ State of Registration: recommend Wyoming (tax exempt)/Delaware (listing friendly)/California (field operation)

3️⃣ Shareholder Directors: ID + passport scans (at least 1 person, no need to be American)

4️⃣ Registered capital: default $5 million US dollars (no need to check capital, contribution system)

If you need to apply for an L1 visa in the U.S., the registered capital needs to be physically present, with a minimum requirement of $15W. 

5️⃣ Scope of Business: Most US corporate documents do not reflect the scope of business (except for California and Florida).

• California: is reflected on the filing return of the director's report. Generally 24 letters or less, usually write trade, consulting (English)
• Florida: Florida is embodied in the certificate. The embodiment reads All Lawful Business (English)

If your business has the need to register a U.S. company, you are welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

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04.Vietnam: a manufacturing hub under the RCEP framework

Core strengths:
The clear labor cost advantage, political stability, and deep integration into the global supply chain are moreRegional Comprehensive Economic Partnership Agreement (RCEP) It is one of the core member countries of the European Union, enjoying huge dividends such as tariff reductions and simplified rules of origin, and is highly competitive in exporting.

📍 Tax benefits: 

• The standard corporate income tax rate is 20%However, substantial reductions are available for preferential industries and regions.
• Preferential tax rates as low as 5%! Projects in high-tech enterprises, economic zones, and industrial parks are eligible for the10% to 17% It also enjoys preferential tax rates and long-term benefits such as "four exemptions and nine halves" (i.e., four years of exemption and nine years of halves in the following nine years).
• exempt from import duties: Raw materials and components imported for the production of export products are temporarily exempted or refunded from import duties.

Suitable for the industry:
Manufacturing industries such as electronics manufacturing, textiles and garments, machinery and equipment, and automotive parts, as well as software development and outsourcing.

Registration Tip:
It is necessary to provide at least 1 legal representative based in Vietnam and the registered capital needs to be verified. The process is relatively complicated.It is highly recommended to do so through a professional organizationTo efficiently complete the Investment Registration (IRC) and the Enterprise Registration Certificate (ERC).

If your business has the need to register a company in Vietnam, you are welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

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05.Malaysia: New Winner of China-Malaysia FTA

policy window::The China-Malaysia FTA, which comes into effect in January 2025, covers 95% of products at zero tariff, with immediate benefits for exports of machinery and electronic equipment. Under the "Emerging Industry Status" program, income tax for eligible enterprises can be reduced to 15% for a period of five years.

📍 Tax benefits: 

• The standard corporate income tax rate is 24%However, small and medium-sized enterprises (SMEs) and specific industries enjoy preferential treatment.
• Pioneer Status Tax Credit: Companies certified as "Pioneer Status" are entitled to a 5-10 year license.Income tax deductions for 70%-100%The
• Investment tax subsidies: Eligible capital expenditures for 5 years for eligible new investmentsSubsidies for 60%-100%The
• Labuan IBFC: Companies engaged in non-trading activities may choose to payTax rate for 3%or pay a fixed tax of RM20,000 per year, is a popular choice for holding, financing and trust activities.

Suitable for the industry:
Regional Shared Service Centers, IT Outsourcing, Semiconductor and Electronics Manufacturing, Halal Industry, Trade and Distribution.

🌐Registration Tips

• Minimum registered capital of RM500,000 (approximately RMB780,000)
• 1 local director is required, foreign manufacturing industry can 100% holdings
• Recommended to choose Penang Technology Park to enjoy additional 5% R&D subsidy

If your business has the need to register a Malaysian company, welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

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06.Thailand: Southeast Asia Manufacturing Center

Core strengths:
Cost advantages, strategic location, favorable investment promotion policies.

📍 Tax benefits:

• Standard Corporate Income Tax Rate 20%
• BOI promoted companies can enjoy a tax holiday of 3-8 years
• 15% preferential tax rate for regional headquarters and international trade centers

Suitable for the industry:
Manufacturing, regional headquarters, tourism, agriculture.

🌐Registration Tips
At least 3 promoters are required, with a registered capital of at least 1,000,000 baht (BOI promoted companies can reduce the requirement).

If your business has the need to register a Thai company, you are welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

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07.Japan: High-end market in Asia

Core strengths:
Strong consumer power, well-protected intellectual property rights, and advanced technology.

📍 Tax benefits: 

• Corporate income tax rate of approximately 23.2%(national and local total)
• Several R&D tax credits and regional development incentives are available
• Additional benefits for specific industrial parks

Suitable for the industry:
High-tech, high-end manufacturing, consumer brands, and cultural industries.

Registration Tip:
A registered address in Japan is required, and at least one of the directors must reside in Japan.

If your business has the need to register a Japanese company, welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

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08.Dubai: the ultimate tax puddle for FTAs

Core strengths:
Dubai is the economic heart of the Middle East with world-class logistics facilities (e.g. Jebel Ali Port, Dubai Airport) and financial center (DIFC). Its strategic location connecting Europe, Asia and Africa, with a 4-hour flight circle covering one third of the world's population, makes it an absolute bridgehead into the Middle East and North Africa markets.

📍 Tax benefits: 

• corporate income tax: From June 1, 2023, Dubai implemented a new federal corporate income tax system.Taxable profits in excess of Dh375,000 are taxed at 9%, profits below this threshold continue to benefit from the 0% tax rate.Free Zone CorporationSubject to complying with all regulatory requirements and engaging in qualifying activities, it may continue to be eligible for the0% Corporate income taxOffers through the 2050s.
• No personal income tax: Continued exemption from personal income tax on personal salaries, investment income, etc.
• Other tax exemptions: No capital gains tax, no dividend withholding tax, no import or export duties (except for some goods).

Suitable for the industry:
International Trade, Logistics and Transportation, Holding Companies, Fintech, Tourism, Professional Services, Digital Economy.

🌐Registration Tips

Dubai company registration is mainly categorized into mainland andFree Zone Two forms:

• Mainland: Allows for nationwide operations and direct access to local markets, but usually requires a local citizen to act as a guarantor (holding 511 TP3T shares).
• free zone: Allowed100% Foreign ownershipThe business is free to repatriate capital and profits, but the scope of business is usually limited to within the free zone or to overseas markets. Jebel Ali Free Zone (JAFZA) and Dubai Multi Commodities Center (DMCC) are popular choices.

If your business has the need to register a company in Dubai, you are welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!