As what happened recently, many people concern that their business may face difficulties such as sudden closure of HK company account. We found that Singapore has potential to replace HK as the perfect place for company and bank account. 

HK vs SG

Hong Kong and Singapore are both leading financial centres in the world, with various pros and cons. HACOS sort out their features to help you choose the best place for your business. 

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As shown above, requirements and charges are much lower in Singapore than in HK. In brief, Singapore company account is much better. 

ADVANTAGES

Singapore has always performed well with the most outstanding economic environment in the world. It took first place in the 2019 Global Competitiveness Index 4.0. 

Here are a few of its advantages: 

• Safe political environment

• No exchange control

• Good renown

• Short processing time

• Mature legal system

• Low tax rate

• Easier to apply for

• …

SUITABLE FOR

• Those who run foreign trade business, agency, soho

• Those who have HK account and have received an investigation letter

• Those whose HK account is forced to be closed for various reasons

• Those who receive and settle forex in a risky way

• Those who want to exchange currency, or carry forex out of the country
  Those who want to plan the tax or have low burden on tax

• …

PROCEDURE

1. Register a new company

   If you already have an offshore company, this step is no longer required. 

2. Prepare and submit required documents

3. Get a guide about the interview

   We will offer a guide for you to ensure that your application successfully gets passed. 

4. Make an appointment for the interview

5. KYC interview

   You’ll have an interview with the bank manager for 20 to 30 minutes. 

6. Application passed

   Simple and easy with HACOS’s help. 

If you want to know more details, please contact COCO! 

Phone number/WeChat: 17846997168

 

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