Comparison of doing business between Singapore & Hong Kong

 

Particulars	Singapore	Hong Kong
Corporate Tax rate	17%	16.5%.
Number of DTAA	102 countries	40 countries.
Capital gain tax	NO	YES
WHT on Dividend	NO	YES
Local Director	Min 1.	NO
Political Stability	Stable.	China factor is there.
IP Rights	In terms of international IP treaties, Singapore holds a distinct advantage over Hong Kong by being a member of a greater number of these agreements. This includes significant treaties such as the Brussels Convention, the Singapore Treaty on the Law of Trademarks, and the Hague Agreement Concerning the International Registration of Industrial Designs, among others
Bank Account Opening	No need for personal visit to branch	Directors require to visit bank for opening bank account.