Business advisory is required, not required. You may know basic information from internet to setup business what are necessary steps. But, many important information is not available online always unless meet and discuss with advisor. Foreign Direct Investment (FDI) law is not same as local investment law. So, never mix when read over internet to collect information about investment policy as foreigner.
For example, (Malaysia): Local investors may start business obtaining 1-2 licenses by very low capital, let say US$ 100 only on that other hand foreign investors have to show capital more than US$ 100,000 for same business. Different country has different FDI rules and investment capital is different too.
Local business tax is not same like foreign corporation tax. It’s always very higher than local investors as FDI rules. Yes, if your business is situated inside of Tax Free Zone area in any country may enjoy tax deduction partially or fully upon condition.
Bank account open: It’s easier to open bank account if the investors are local but in case of foreign directors or foreign companies many procedures are applied to make complicated by bank. For example: financial focusing, investment capital, directors detail, history of business, number of staffs, annual turnover etc.
Additional ministry or concern department approval might require considering nature of business. So, business advisory is required before and after business setup.
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