13 Dec '11, 2am

In some cases, Singapore a better domicile than Hong Kong for China operations

In some cases, Singapore a better domicile than Hong Kong for China operations

In some cases, Singapore a better domicile than Hong Kong for China operations December 13, 2011 by Terence LEE If you are doing business in China, and want to set up a holding company to manage your China operations, what is the best choice? While Hong Kong is always cited as a viable place for this purpose, Singapore should also be seriously considered, argued Chris Devonshire-Ellis , principal and founder of Dezan Shira & Associates , in an article on China Briefing . Setting up companies in offshore jurisdictions to manage another country’s operations is a common corporate practice. There are three reasons for this: Firstly, offshore jurisdictions often provide tax benefits and cost savings. Secondly, many offshore jurisdictions keep the identities of shareholders and directors secret. Lastly, should things go wrong in China, keeping a holding company in between China ...

Full article: http://sgentrepreneurs.com/commentary/2011/12/13/singapor...

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