International Business Structuring

The United Arab Emirates ranks number 1 for Paying Taxes in the World Bank Doing Business 2016 report, while Singapore and Hong Kong are placed in the top 5 for Ease of Doing Business, clearly identifying these jurisdictions as some of the best international environments for business and trade.

Ranked as having the busiest container port in the world, Singapore consistently ranks as the number 1 jurisdiction for ease of doing business. Famous for its efficient regulatory framework and stable government, it boasts a large number of Double Taxation Agreements with other nations, thus providing certain tax planning advantages for the international investors. As in the case of Hong Kong, a company opened in Singapore may not be liable for tax on profits generated from business conducted outside Singapore, if all the requirements are met.

Strategically located in Asia, for more the 150 years Hong Kong has been the gateway to China. It is one of the best solutions for companies willing to expand into the Asian market, either for trading, services or investment purposes. Hong Kong ranks as the world’s third largest financial center after New York and London, making it one of the top financial centers in the world and the number one financial hub in Asia. Its port ranks as number 2 in the world after Singapore by volume. Hong Kong’s legal system is based on the British Common Law, with the main advantage that its corporate tax system works on a territorial basis. Any profits that are derived from business activities outside Hong Kong, can be tax exempt if all the requirements are met.

Cyprus is a member state of the European Union since 01/05/2004. It has the lowest corporate tax rate in the EU, a macro-economic stability with successful economic performance, efficient legal, accounting and banking services. The Cyprus banking industry and its regulatory environment are being reformed in order to provide even better solutions.

Today, the United Arab Emirates (UAE) has one of the most open and dynamic economies in the world. A number of global business indexes have recognized the advantages that the UAE brings to international business. AT Kearney ranks the UAE as one of the top 20 best places in the world for global service business and also ranks in the top 30 on the World Economic Forum’s “most-networked countries”. It boasts over 31 free-zones in its territory, suited for any business.

Other clear advantages to doing business in the UAE include:

  • No restrictions on profit transfer or repatriation of capital
  • Very low corporate or income taxes

These factors, combined with a strategic geographic location, an outstanding and continuously expanding infrastructure and an extremely safe environment, make the UAE an ideal place to do business.

UNI-ASIA GROUP can help the international investor set-up and structure his businesses according to its individual needs in any of the above mentioned regions of the world.

  • The United Arab Emirates are the only major financial center offering onshore corporate structuring in a low tax environment.
  • Hong Kong is the perfect base for companies that want to do business in Mainland China and across the Asia-Pacific region.
  • Cyprus remains a good solution used in conjunction with the United Arab Emirates and Asian jurisdictions although it has some specific limitations
  • The governments of United Arab Emirates, Singapore and Hong Kong pro-actively support any company willing to set up and expand in their jurisdictions.
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