Vietnam
UTC +7
Vietnam
A growing opportunity
Overview
Vietnam, a country with long coastlines, is close to principal markets in Asia as well as main shipping routes Having signed Free Trade Agreements with major economies around the world brought stable growth to Vietnam's economy. Manufacturing and export sector is the key contributors to the country’s GDP. Its 95 million populations are more than an expanding market. With over half of its population at prime working-age, Vietnam can provide a large workforce at competitive labour costs. Vietnam's is currently experiencing an infrastructure boom and reform. It now has one of the highest internet penetrations in Southeast Asia, new urban rail networks, and expanding regional and international airports. With no capital requirements and low setup cost, Vietnam maybe a once in a lifetime business opportunity.
FX control
None
Language
English
Population
67 Million
Success Rate
Hight
Incorporate time
1 day
Capital Requirement
£12 - 100
Tax & Finance
GDP (USD)
2.9 trillion
Currency
Pound Sterling (GBP)
Corporate Tax
25%
Income Tax
20%
Mandatory Leaves
Maternity leaves
52
Days
Statutory holidays
7
Days
Annual leaves
28
Days
Sick leaves
87
Days
Total: 174 Days
Labour Condition
Maximum Working Hours
48 hours per weeks
Minimum Wage
4.15/Hr
Malaysia
UTC +8
Malaysia
The heart of Asia Pacific
Overview
Lying north of the Equator, South China Sea divides Malaysia into two regions. Borders with Singapore, Western Malaysia hosts many multinational companies across industries. It is the primary hub of trade, commerce and manufacturing. East Malaysia, bordering with Indonesia, is plentiful with natural resources like oil palms, oil and gas. By being next to Malacca Strait, one of the busiest shipping lane in the world. Malaysia's robust manufacturing base has easy access to the global supply chain. Its domestic market benefited from high levels of income, an expanding urban population and 0% GST. Malaysia is a lucrative market connecting north and south pacific.
FX control
None
Language
Malay, English
Population
32 Million
Success Rate
Hight
Incorporate time
7 Days
Capital Requirement
10000 USD
Tax & Finance
GDP (USD)
358.6 bil
Currency
RM (MYR)
Corporate Tax
20%
Income Tax
20%
Mandatory Leaves
Maternity leaves
5
Days
Statutory holidays
12
Days
Annual leaves
7
Days
Sick leaves
7
Days
Total: 31 Days
Labour Condition
Maximum Working Hours
None
Minimum Wage
70/Hr