Asia has very rich cultural heritage, which was diligently carried out through centuries of history. Today Asia is quite attractive for international investors due to the fact that it has several big economics as well as several special area jurisdictions with blooming economy and favourable tax regimes.

Below is out top list of jurisdictions for international investments in Asia.

Hong Kong
Modern Hong Kong can offer a free market economy, which heavily relies on international trade, financial sector, amount of export / import, including quite large portion of re-exports. Hong Kong imposes zero tariffs on imported items. Also there are only four groups of goods subjected to excise taxation: strong alcohol beverages, tobacco, hydrocarbon oil and methyl-based alcohol. Currently Hong Kong has no quotas on importing / exporting anything. Hong Kong government keeps on linking local currency (Hong Kong Dollar) tightly to the US dollar, thus, suporting an arrangement concluded back in year 1983.

The local government is actively developing the Special Administrative Region (SAR) to make it a desirable destination for mainland China renminbi, in order to achieve it’s internationalization in business world. Local residents are permitted to create savings accounts in RMB currency; Also, corporate and Chinese government bonds in RMB currency have been publicly issued in Hong Kong; as well as currently in private and public sector RMB agreement settlement is permitted. The Hong Kong administration is currently trying really hard to add up additional application of RMB in Hong Kong financial markets and is looking for an opportunity to greatly increase the RMB quota.

Macau
From the moment of setting up its local casino industry hotspot back in year 2001, Macau has managed to attract several tens of billions of dollars as international investment, entirely transforming the area into one of the largest global gambling hotspots. Macau’s gambling and tourism industries were heavily impacted by China’s decision to relieve travel restrictions for Chinese nationals looking for an opportunity to visit Macau. Back in year 2016, Macau’s gambling taxes estimated over 76% of overall budget income.

Macau’s economy suffered quite a lot back in year 2009. It was a result of a global economic crisis, but rapid economic growth have continued somewhere by year 2013. Back in 2015, with an urban population of 646,800 people Macau hosted roughly 31 million tourists. Approximately 68% came from mainland China. Provided services, mostly gambling — have boosted Macau’s economic performance several times. However, lately, anti-corruption campaign performed by mainland China’s government has gotten Macau’s gaming industry to slightly suffer.

Singapore
Singapore is currently having a prosperous, well-developed free-market-oriented economy. Singapore government has hardly worked on and achieved an open and nearly 100% corruption-free government and business environment as well as strong economy, and quite high competitive (even by the Western standards) per capita GDP. Employment rates are extremely high, while the Singapore budget mostly relies on exports, specifically of consumer goods and electronics, IT & software, medical technology and devices, pharmaceuticals as well as on lively business, banking and financial industries.

Singapore is a famous destination for many international investors and entrepreneurs, especially in certain industries. According to financial analytics data it will continue to develop and evolve into Pacific Asia’s major business and high-tech hotspot. Singapore is a proud member of the 12-nation Trans-Pacific Partnership free trade agreement. It is also a part of the Regional Comprehensive Economic Partnership agreement. Back in year 2015, Singapore has established, along with the rest of the ASEAN participants, the ASEAN Economic Community.

China
Starting back in the late 70s, China has been working on it’s economy and market, rapidly going from internal government controlled closed market, to more liberal, open government planned system with profoundly internal market-oriented economy, leading to an increase of China’s impact on the global market. By year 2010, China has turned into the largest global exporter. Changes and reforms have started with slowly abandoning collectively planned agriculture, developing to introduce free-market pricing, decentralizing taxation, granting more autonomy for government-owned companies, expansions of the private sector, fast development of stock markets and introduction of a modern banking system as well as China’s access to international trade and investment.

China did undergo a number of reforms lately. During last few decades, Chinese government has renewed its support for government-owned companies in industries, which are strategic for country’s security and development. Such decision was made specifically to boost certain industries and make them more competitive on a global market. Such change of economy and the following benefits have dramatically impacted to a China’s GDP making more than ten times increase since year 1978.

Taiwan
Modern Taiwan has a prosperous free-market economy with overall decreasing government control over international investment and trade industries. Strategic production industries, such as production of electronics, machinery and petrochemicals, have given the major boost and factors necessary for rapid growth of economy. However, such factors as Taiwan’s diplomatic isolation, extremely low birth rate, and quickly aging population are several major long-term challenges that Taiwan’s government needs to face and solve.

Order one of the offered Slovak business services and preparation of possible solutions will be undertaken. Confidus Solutions, in conjugation with a multitude of experts (Slovak local including), develops a strategy and creates a unique tailor-made corporate solution for each customer. Once the communication is established, you will receive a list of documents and information required to proceed.

Doing business in Slovakia
Confidus Solutions employs a wide range of experts in different fields: lawyers, real estate experts, bank agents, accountants, tax consultants, and other professionals. Our company is capable of providing legal aid, accounting, business support, and corporate services worldwide. We can assist you with services regarding doing business in Slovakia.

Today Canada is the seventh largest economy. Many companies are owned by private entities, but the government participates in the healthcare system and oversees some services, such as public transport and the utility industry. The Canadian economy is very diverse and quite well developed.

Most of Canada's economy is international trade and export. Currently, the US is Canada's largest trading partner. In Canada, international trade accounts for almost 45% of GDP considering that free trade agreements between Canada and the US have dramatically increased trade by eliminating tariffs. Despite its relatively small population, Canada's economy is currently one of the most prosperous in the world.

All strategic industries of the country are very well developed. Although the agricultural sector is small, it takes advantage of Canada's numerous natural resources, which are scattered across the country. In view of this, Canada is an attractive destination for global businessmen and corporations. Canada's flexible tax legislation leaves room for the use of holding structures: the country is home to several large holding companies.

ATCO Group
ATCO Group is one of Canada's largest holding companies with large net sales and assets. Today this company employs almost 7 000 specialists of various professions. The holding's subsidiaries are diverse, but most of them are active in either the gas/electricity or construction sectors.

ATCO was founded in 1947 by S. Don Southern, who gave his son Ron Southern a minority interest under the name Alberta Trailer Hire and leased fifteen commercial trailers in the Calgary area. As the company's business grew, they also began selling trailers, becoming first the Alberta Trailer Company, then ATCO. By the early 1960s the company had operations throughout North America and Australia.

In 2004, with deregulation of the retail energy industry in Alberta, ATCO sold ATCO Gas and ATCO Electric retail operations to Direct Energy Marketing Ltd.; ATCO Gas and ATCO Electric continue to operate as distributors (they own and operate the infrastructure that supplies natural gas or electricity in their service areas) but are no longer active in the retail market. As part of the sale to DEML, DEML contracted call center and billing services from ATCO I-Tek.

DRI capital
DRI Capital Inc. is a Toronto-based Canadian healthcare royalty fund manager, a type of private fund. The holding company's remit includes the purchase of robust and predictable royalty payments from existing pharmaceutical medicines, thereby providing investors with consistent returns.

The holding was founded in 1992. In its first year in business, it quickly went public on the Toronto Stock Exchange and acquired a licensing interest in the innovative British biotechnology development company.

Great West Lifeco
Great-West Lifeco is primarily an insurance-focused Canadian holding company operating in territories of North America, Europe and Asia with 5 local subsidiaries around the world. Most of the companies that Great-West Lifeco controls indirectly are part of its largest subsidiary: The Great-West Life Assurance Company; the rest is handled by the US-based subsidiary.

Onex Corporation
Onex Corporation is a privately held venture capital and holding company based near Toronto, Ontario, Canada. In 2016, the company had an estimated net worth of $22 billion under its stewardship. The company is headquartered in Brookfield Place, Toronto, with multiple offices in New York City, New Jersey and London.

The company invests in a variety of industries. Onex Corporation has previously shown a particular interest in acquiring equity stakes in high-cost manufacturing companies and then converting them into cheap, low-cost suppliers.

The limited liability company (LLC) is the most common legal form for companies in Germany. This legal form is often used by international companies that have decided to set up a subsidiary in Germany; local entrepreneurs also choose this legal form for their small and medium-sized businesses. It combines relatively few obligations with high flexibility to be set up in any economic sector. The limited liability company is subject to corporation tax, trade tax and the solidarity surcharge. The minimum share capital for LLC is EUR 25,000, with a minimum of EUR 12,500 proven in the bank account at the time of company registration. As the name of this legal form suggests, the shareholders are only liable for the capital they have contributed and do not risk their personal assets.

An LLC is usually managed and legally represented by the directors of the company. In the case of a GmbH, at least one managing director must be appointed, who does not have to be a shareholder in the company or a resident of Germany. Typically, shareholders can exert direct influence on the company by issuing binding instructions to the managing director. Before you decide whether LLC is the most suitable legal form for your company, you should keep in mind that this type of company shares cannot be publicly offered for sale. Meanwhile, the administrative and financial controls are less stringent compared to public companies.

Mini GmbH
Another very similar legal form for companies is called a mini-GmbH, which is essentially the same as the regular GmbH in terms of limited liability for shareholders and no restrictions on doing business. Meanwhile, it allows entrepreneurs to contribute less capital when registering the company in Germany and therefore risk with less funds to start doing business. In fact, no minimum share capital is required at all. Instead, 25% of the company's profits must be placed in special reserves until the total amount of these reserves reaches EUR 25,000. In this case, the company is transformed into a regular LLC. The Mini-GmbH enables young entrepreneurs to start their business with less capital employed, reducing their risk and lowering the cost of capital until the business is successful and generating profits.

German GmbH taxation
Typically, taxes are collected and administered by the local tax office. Local tax offices are typically responsible for administering income tax, corporate income tax (CIT), real estate transfer tax (RETT) and value-added tax (VAT). While trade tax is based on corporate taxes administered by local tax offices, enforcement of trade tax is the responsibility of municipalities. German LLCs are generally subject to the taxes explained below:

Corporate Income Tax – levied on the company's worldwide income, unless a double taxation treaty is in place. The corporate income tax rate is 15%, while corporate income tax is subject to a solidarity surcharge of 5.5%. This results in an aggregate tax rate of 15.825%;
Trade tax – is levied by the municipality where the company is based. The standard tax rate is 3.5%, while the additional multiplier is added in the range from 200% to 500% and is determined individually by each municipality. This results in an aggregate tax rate of 7% to 17.5%.
Both taxes are assessed annually, but companies are required to prepay corporate income tax and trade tax quarterly based on an estimated current year's tax due.

Whether you have a personal bank account or a corporate bank account for your business purposes, it's important to have convenient access to your funds and constant control over your account. However, sometimes you might be too busy to monitor your bank account, or you might be traveling so your money won't be available when you need to make an urgent transfer... Don't worry as there are a number of different account management tools that allow you to do that you to choose and create the most efficient and convenient account management model, no matter where you are.

The three most common types of tools used to access and manage your bank account are:

online banking
Using a personal banker
Authorize someone to manage your bank account for you
Confidus professional team of banking experts and agents can provide you with comprehensive information on each of these options as different tools are more convenient in different situations. Contact us now to open a bank account immediately.