Hong Kong is one of Asia's most vibrant F&B markets. With a population of over 7,5 million and a strong recovery in international tourism after the pandemic, the market is seeing dozens of new cafes opening every month, from international brands like Blue Bottle Coffee (USA) to Luckin Coffee (China).

Foreigners can absolutely open coffee shops in Hong Kong. Hong Kong allows 100% foreign ownership, does not require a local partner, applies a profit tax of only 8,25%, and waives all F&B license fees until October 2026.

In this article, GLA guides you through the entire process of opening a coffee shop in Hong Kong: legal requirements, licensing procedures, tax structure, actual costs, and location selection strategies.

1. Why is Hong Kong an attractive market for the coffee business?

Before delving into the process details, businesses need to understand why Hong Kong attracts so many international F&B investors:

• The coffee market is growing in the direction of improving quality: According to estimates StrategyHelix (2025)The Hong Kong coffee market is projected to reach US$1 billion by 2031, driven by growth in the specialty coffee segment and upscale café experiences rather than mass-market products. Hong Kong consumers are increasingly willing to spend more on single-origin, cold brew, and special brewing experiences.
• 100% foreign-owned, no local partner required: Hong Kong is one of the few Asian markets that allows foreign individuals and businesses to own all of the capital without having to share shares with any local individuals or entities. The investor retains full control of the business and profit distribution, as stipulated by regulations. Companies Ordinance (Cap. 622).
• The tax system is particularly favorable: Hong Kong applies a profit tax of only 8,25% on the first 2 million HKD of profits, with no VAT, no dividend tax, and no capital gains tax. This is a significant competitive advantage compared to most other Asian markets.
• Diverse and stable customer base: With a population of over 7,5 million, a large international expat community, a concentrated office workforce in major financial districts, and a strong recovery in international tourism after the pandemic, Hong Kong offers a diverse customer base that few other Asian markets can match. This diversity ensures that the restaurant's revenue is not dependent on a single customer group.
• Government support policies are directly reducing initial costs: According to the HKSAR Government's Policy Address 2025All fees for issuing and renewing food business licenses, including the General Restaurant Licence and Light Refreshment Restaurant Licence, will be waived for one year, expected to support over 60.000 businesses. This is a limited-time policy that businesses planning to open should take advantage of.
• The most favorable business environment in Asia: Hong Kong is not only a good consumer market but also a highly regarded international business environment:
  • Top 5 globally in competitiveness (IMD World Competitiveness Center (2025)).
  • Top 3 globally for ease of doing businessDoing Business 2020).
  • Top in international free trade (Economic Freedom of the World Report 2025).

2. Are foreigners allowed to open coffee shops in Hong Kong?

Foreigners are fully permitted to open coffee shops in Hong Kong. Hong Kong is one of the few Asian markets that allows foreign investment. 100% ownership of the businessThis does not limit the nationality or place of residence of the founder. This is clearly stipulated in Companies Ordinance (Cap. 622) and is Companies Registry HKSAR consistent implementation.

2.1 Establishing a company in Hong Kong: A prerequisite for opening a coffee shop.

Before applying for a food and beverage (F&B) business license, you need to establish a legal entity in Hong Kong. In other words, foreign investors cannot directly apply for a coffee shop license in their own name as an individual.

The most popular business type is the Private Limited Company. This model is suitable for most foreign investors due to its simple establishment procedures, limited liability, and ease of opening bank accounts, signing lease agreements, and obtaining necessary business licenses.

So, Incorporating a company in Hong Kong This is always the first and mandatory step before implementing any procedures for opening a coffee shop.

2.2 Minimum requirements for establishing a company in Hong Kong

According to the regulations of Companies Ordinance (Cap. 622), a Private Limited company in Hong Kong must meet the following conditions:

2.3 Do I need a visa to operate a coffee shop in Hong Kong?

Visa requirements depend on how the business plans to operate the coffee shop in Hong Kong. There are two common scenarios:

3. Coffee shop business license in Hong Kong

This is the step that many GLA clients report as the most time-consuming, not because the procedure is overly complex in terms of content, but because the process involves many different government agencies and requires very thorough preparation of documents from the outset.

Therefore, understanding the sequence and requirements of each step will help the Hong Kong company avoid unnecessary and costly delays.

3.1 Main Licensing Authority: Who is FEHD and what does it regulate?

The central authority in the entire F&B licensing process in Hong Kong is Food and Environmental Hygiene Department (FEHD)This is equivalent to the agency responsible for food safety and environmental hygiene.

FEHD has the authority to license and supervise all food businesses in Hong Kong, including restaurants, cafes, bakeries, food factories, and other F&B businesses. All cafe-related licenses must go through FEHD before they become effective.

However, FEHD is not the only agency involved in the process. For a coffee shop to be fully licensed, the application must go through the review and approval of four government agencies simultaneously.

3.2 Four government agencies are involved in the licensing process for coffee shops in Hong Kong.

This is a key difference compared to many other markets: in Hong Kong, FEHD will coordinate with relevant authorities to inspect a business's premises according to industry-specific standards before issuing a formal license.

All four agencies must complete their inspections and raise no objections before FEHD can proceed with the application. If any of them require the business to modify the premises or add technical systems, the entire process will be prolonged. This is why choosing the right location from the outset is far more important than simply looking at store rental prices in Hong Kong.

3.3 Two types of licenses most suitable for the coffee shop model in Hong Kong

Before submitting the application, the Hong Kong company needs to clearly identify the type of F&B license that suits its cafe concept. Below are the two most common types for cafes, according to FEHD classification:

Special case: If a Hong Kong coffee shop plans to serve beer, wine, or cocktails, the owner will need to apply for an additional license. Liquor License TU Liquor Licensing Board After obtaining the basic F&B license, this is a separate process and needs to be planned in advance if serving alcoholic beverages is part of your concept.

4. The 6-Step Process for Opening a Coffee Shop in Hong Kong

To legally open a coffee shop in Hong Kong, businesses need to follow these steps sequentially. Proper preparation from the start will help shorten the time it takes to obtain an F&B business license, minimize the cost of modifying the premises, and avoid repeated requests for additional documents from the authorities.

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5. Taxes when operating a coffee shop in Hong Kong

Hong Kong has one of the lowest and simplest tax systems in Asia. Coffee shops in Hong Kong only have to pay Profits Tax; there is no VAT, no dividend tax, and no capital gains tax.

6. Choosing a location for a coffee shop in Hong Kong

To open a successful coffee shop in Hong Kong, you need to choose an area that suits your target customer base. Central areas like Central and Tsim Sha Tsui have high foot traffic, are close to office buildings, and attract many tourists. However, rental costs there are very high, potentially reaching HKD 500,000 per month.

Conversely, areas like Mong Kok, Tai Po, or Yau Ma Tei offer more reasonable rental costs, ranging from HKD 50,000–150,000 per month, making them suitable for affordable, budget-friendly coffee shops. Additionally, areas like Wan Chai or Kowloon Tong have large expatriate communities, creating favorable conditions for internationally-styled cafes.

List of potential areas to open a coffee shop:

• Central: suitable for a high-end cafe, close to offices.
• Tsim Sha Tsui: attracts tourists, has many visitors.
• Mong Kok: a vibrant area with reasonable rental costs.
• Wan Chai: has a large expatriate community, leading to a demand for high-quality coffee.
• Tai Po: low rent, close to the university, suitable for small businesses.

Choosing the right location depends on the business's direction, target customer base, and long-term rental budget. If a business is entering the Hong Kong market for the first time, GLA recommends starting in areas with moderate rental costs such as Sheung Wan, Wan Chai, or Kwun Tong to test the concept before expanding to higher-cost locations.

7. How does GLA support you in running a coffee shop business in Hong Kong?

Running a coffee shop in Hong Kong is not just about finding a location and building a brand. Businesses also need to complete legal procedures, tax and accounting processes, obtain licenses, and establish bank accounts to ensure smooth operation from the start.

GLA partnered with the Hong Kong company throughout the entire process:

• Advisory suitable business models in Hong Kong.
• Establishing a Hong Kong company for foreign investors..
• Set up your financial system in compliance with HFRS with our Business registration address , and Hong Kong company secretarial services.
• Support open a corporate bank account or an international payment account.
• Consulting services Required permits in Hong Kong For food and beverage businesses.
• Perform Accounting services, financial reporting, and periodic tax filing for a Hong Kong company..
• Assisting with local recruitment procedures and work visa applications for foreign business owners or managers.
• Consulting services for expanding business operations into mainland China and the Asian region.

With experience assisting international businesses in establishing and operating companies in Hong Kong, GLA helps you save time, minimize legal risks, and focus on developing your business from the very beginning.

8. Frequently Asked Questions about Running a Coffee Shop in Hong Kong

Highlights

• Foreigners can absolutely open a coffee shop in Hong Kong with 100% foreign capital. No local partner is required. The first mandatory step is to establish a Private Limited company, after which you can proceed to apply for an F&B license from FEHD.
• Hong Kong has a tax system that is particularly favorable to the F&B business.The profit tax is only 8,25% for profits up to HKD 2 million, with no VAT and no dividend tax. This is a significant competitive advantage compared to most other Asian markets.
• The period from 2025 to 2026 is relatively favorable for entering the market.Rental prices have fallen by an average of 46% from their 2018 peak, F&B license fees are being completely waived until October 2026, and demand for specialty coffee continues to grow in the market.
• Location and concept are two key factors determining success. This is a coffee shop market in Hong Kong. While there's no shortage of coffee shops, there's always room for brands with a clear positioning and a truly distinctive experience.

If your business is establishing or operating a company in Hong Kong, here's the first thing to know: having a Hong Kong company secretary is not an option but a legally required obligation from day one of business establishment.

Many businesses open company in Hong Kong To take advantage of the simplified tax system, international business environment, and advanced financial infrastructure, many Hong Kong companies have faced penalties or serious legal risks simply because they did not fully understand the role and requirements of a company secretary.

This article by GLA will provide comprehensive information on: the definition, legal requirements, specific duties, penalties for violations, and how to choose a reliable corporate secretary service provider, all based on current regulations. Hong Kong Companies Registry.

1. What is a Hong Kong company secretary?

According to the Section 474 of the Hong Kong Companies Ordinance (Companies Ordinance Cap. 622)Company Secretary is a job title. legally mandatory For any company incorporated in Hong Kong, this is not a typical administrative position but a senior management role responsible for ensuring the business fully complies with its legal obligations.

The role of a Hong Kong company secretary is to official partner between businesses and government agencies in Hong Kong, including:

• Companies Registry.
• Hong Kong Inland Revenue Department.

Important note: Whether the company is operating or is dormant, The obligation to maintain a company secretary still exists. until the company is officially deregistered from the Companies Registry.

2. Legal requirements - Who can work as a company secretary in Hong Kong?

According to the Section 475 of Companies Ordinance (Cap. 622)A Hong Kong company secretary could be individual or legal entity (the company providing the service). However, both forms must meet the mandatory conditions stipulated by Hong Kong law.

2.1 If the secretary is an individual

Individuals must simultaneously meet three conditions:

• Aged 18 years and older
• Ordinarily resident in Hong Kong
• Skills are required to take on the role of company secretary in Hong Kong.
• He is not the only director of the Hong Kong company.

Note: Many businesses make the common mistake of having the sole director also act as secretary. This violates the law and can lead to penalties or serious legal risks.

The "Sole Director" Rule – The most common mistake many Hong Kong companies make.

This is a point to note: If a business has only one director, that individual is not permitted to also hold the position of company secretary, even if that individual holds a Hong Kong passport.

This regulation is clearly stated in Article 475(2), Companies Ordinance (Cap. 622). Therefore, if your company is a private limited liability company, you are required to:

• Appoint another individual who meets the requirements for permanent residency in Hong Kong, or
• Hire a service provider with a valid TCSP license.

An individual cannot simultaneously be the director and secretary of a Hong Kong company.

Real-world scenario: Many startups open companies in Hong Kong without knowing this regulation, leading to penalties or requirements to change their corporate governance structure.

2.2 If the secretary is a legal entity

The secretarial service provider must be:

• A company with a registered address or operating office in Hong Kong.
• Possesses a TCSP (Trust or Company Service Provider) license issued by Companies Registry in accordance with regulations. Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615).
• The TCSP license is valid for 3 years and must be renewed at least 60 days before its expiration.

2.3 Special Note: Company Secretary of a Listed Company

The requirements for listed companies in Hong Kong are much stricter. The Hong Kong company secretary must be:

• Members of Hong Kong Chartered Governance Institute (HKCGI).
• The lawyer is licensed to practice in Hong Kong.
• Certified Public Accountants (CPAs) are licensed.

This is the minimum professional standard as stipulated by the Hong Kong Stock Exchange (SEHK).

3. Specific duties of a Hong Kong company secretary

Many businesses think that a company secretary is just a "name-keeping" employee on paper without needing to do anything else. However, this is a position with a specific workload, clear deadlines, and serious consequences if anything is overlooked.

For easier tracking, the table below summarizes the most important tasks along with their corresponding timeframes:

Here are the main duties of a company secretary in Hong Kong:

4. Risks and Penalties for Violations - How Much Could You Lose?

Failure to comply with legal obligations relating to company secretaries in Hong Kong not only leads to serious administrative penalties but it can also cause criminal legal consequencesThis affects the business's operations and reputation.

4.1 Penalties for late NAR1 submission: Costs increase over time.

Many businesses mistakenly believe that a few weeks' delay in submitting their NAR1 (Annual Report) only results in a small penalty. However, in reality, the penalty increases with each delay and can be up to 33 times the fee for submitting on time.

Below is the detailed table. penalty fee According to official data from the Companies Registry:

Note: If a business fails to submit NAR1 within 9 months, the penalty can be as high as... HK$3,480, which is much higher than the initial fee.

4.2 Criminal penalties: From fines to individual prosecution

If violations persist, businesses will not only face... administrative fines and can also be criminal prosecution theo Section 662 of Companies Ordinance (Cap. 622).

The forms of punishment include:

• Fine maximum HK$50,000
• Punish HK$1,000 continuously every day from the date of violation
• Risk of being Remove a company name from the business registry (strike-off)
• The company director and secretary may face personal liability.

Real life example: A Vietnamese company was fined HK$17,400 for submitting its NAR1 six months late and was sued for violating the law. Subsequently, both the director and the secretary were held personally liable.

4.3 The absence of a company secretary is a violation from day one.

Hong Kong law No delays allowed. the appointment of a company secretary. Therefore, if the business Do not appoint a secretary from the very first day the company is established., whatever the reason, have violated the law.

Note: The absence of a secretary not only affects the submission of reports, it can also lead to restrict business activities, removed from the business register., and to be prosecuted for criminal offenses.

GLA notes:

One risk that many Hong Kong companies often overlook is failing to check whether the intermediary providing secretarial services has a valid TCSP license.

• If a business does not have a TCSP (Trust or Company Service Provider) license issued by the Companies Registry, then all legal procedures undertaken by the business may be considered invalid.
• This leads to serious legal risks, as notices, records, or reports submitted to authorities may be rejected or deemed to be in violation.

5. How to change company secretary in Hong Kong

Businesses can change their company secretary in Hong Kong at any time, for example, when they want to find a provider with better service quality, more transparent costs, or when they are no longer a good fit with their current provider.

Basically, the change procedure isn't overly complicated; however, the company needs to follow the correct process to ensure compliance with Hong Kong law and avoid unnecessary penalties.

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6. How does GLA assist businesses in appointing Hong Kong company secretaries?

Instead of letting businesses navigate the legal process in a foreign market on their own, GLA accompanies you from the very first step until everything is running smoothly. Specifically, GLA supports businesses in the following areas:

• Appointing a company secretary in accordance with legal procedures. From the very first day of its establishment, ensure that the business does not violate the regulations of Companies Ordinance (Cap. 622).
• Check and verify legal status The services provided by the secretarial service provider, including TCSP license lookup, help the Hong Kong company avoid the risk of hiring an unqualified entity.
• Monitoring and reminders Deadlines for submitting NAR1, BRC extensions, and notification of changes must be within 15 days, ensuring businesses don't miss any deadlines.
• Support for changing company secretary When the business requires it, this includes drafting documents, submitting Form ND2A, and ensuring there are no legal gaps between the two secretary's terms.
• Comprehensive consultation Regarding corporate governance obligations in Hong Kong, this helps Vietnamese businesses understand the regulations clearly without language barriers or lack of information.
• Connect to related services This includes services such as accounting, auditing, and tax filing with the Hong Kong Inland Revenue Department, allowing businesses to have a single point of contact instead of working with multiple different providers.

7. Frequently Asked Questions about Hong Kong Company Secretaries

Highlights

• A Hong Kong company secretary is a legally required requirement under Companies Ordinance (Cap. 622), effective from the day of incorporation and without grace period, even if the company is dormant.
• If a company has only one director, that person cannot also serve as secretary. The business is required to appoint an individual residing in Hong Kong or hire a service provider with a valid TCSP license.
• Missing the NAR1 submission deadline can result in penalties of up to HK$3,480 for businesses, and prolonged violations may lead to criminal prosecution.

Hong Kong is one of the world's leading financial and commercial centers, with a favorable business environment, a transparent legal system, and low tax rates. This is why many Vietnamese and international businesses choose Hong Kong as a location to establish their headquarters or expand their operations into international markets.

When businesses conduct research Incorporating a company in Hong KongOne of the important issues that needs clarification is the regulations related to the director position.

The role of a Hong Kong company director is not merely symbolic. This individual is responsible for management, legal representation, and may be held personally liable for breaches of legal obligations.

According to regulations, every company is required to have at least one individual as a director. However, not everyone is qualified to hold this position.

In this article, GLA will help you understand:

• Requirements for appointing a company director in Hong Kong.
• The actual authority of a director in the operation of a company in Hong Kong.
• Important legal obligations that Hong Kong company directors need to be aware of.

when the Incorporating a company in Hong KongHowever, not all businesses can immediately commence operations. Many have to temporarily suspend activities due to not yet having opened a bank account, not having completed licensing procedures, or needing to adjust their strategy.

However, if the Hong Kong company were allowed to continue operating as normal, it would still incur unnecessary accounting, auditing, and legal obligations.

This is where the Hong Kong dormant company model becomes the optimal solution. Instead of completely dissolving or continuing to maintain an inactive company, a Hong Kong company can switch to dormant status to reduce costs while retaining its legal entity, ready to reactivate when needed.

This article will help you understand what a Hong Kong dormant company is, the requirements, the process, and the benefits and risks to consider. The content is compiled based on Hong Kong legal regulations and practical experience from GLA's team of experts who have advised over 700 businesses, helping you make decisions that align with your company's business strategy.

Did you know? When establishing a BOI (Build-Operate-Transfer) company in Thailand, foreign businesses can be exempt from corporate income tax for up to 13 years, exempt from import duties on machinery and raw materials, and even have the right to own land for their investment project?

Beyond tax incentives, the BOI company model helps investors optimize their ownership structure, access industries prioritized by the Thai government, and benefit from clear and transparent support mechanisms. So what is a BOI company, and why are more and more international businesses choosing this model when investing in Thailand? Let's explore the details with GLA experts in the article below. 

You are wanting Expanding business in Hong Kong But they are unsure which type of office to choose, what area to go to, what the costs will be, and what the legal procedures will be. 

Renting office space in one of Asia's busiest financial centers is not just a matter of finding a place to sit; it also directly impacts company registration procedures, opening bank accounts, and building a reputable image with partners. 

This article will guide you in detail through the types of offices, selection criteria, and rental process in Hong Kong, helping you save time, optimize costs, and avoid legal risks.

Businesses in need Expanding pharmaceutical business to the Singapore market , Asia's leading prestigious pharmaceutical center, the first step that cannot be skipped is to register for a license to import and distribute drugs at the Singapore Health Sciences Authority (HSA).

Although it sounds simple, in reality this process requires businesses to meet many strict standards from:

• Build a quality management system according to Good Distribution Practice (GDP) standards, to 
• Appoint a Responsible Person (RP) with appropriate expertise and experience.

Even a small error in the application can cause the approval process to be delayed or denied.

In this article, GLA will guide businesses in detail on the process of registering for a license to import and distribute drugs in Singapore according to regulations in 2025, helping businesses save time, reduce legal risks and effectively deploy pharmaceutical activities in Singapore. 

1. Why is a license to import and distribute drugs required in Singapore?

Singapore is one of the most developed and regulated pharmaceutical markets in Asia. With a world-class healthcare ecosystem, it is not only pharmaceutical distribution center of the region, Singapore is also “gateway” to the ASEAN market for foreign businesses.

The Singapore Government prioritizes the development of the biopharmaceutical and pharmaceutical manufacturing industry as a key sector, attracting international investment and promoting research and development (R&D) activities.

To support businesses, Singapore has invested in building specialized infrastructure for the pharmaceutical industry, typically Tuas Biomedical Park, helping businesses quickly establish and deploy pharmaceutical production activities that meet international standards.

Any import, distribution or trading of drugs in Singapore is license required HSA-issued certification, to ensure quality, safety and increased transparency throughout the supply chain.

Benefits when Enterprises own a license to import and distribute drugs from HSA:

• Legalize all business activities in Singapore.
• Import, export and legal distribution of drugs in the logistics and healthcare system.
• Increase reliability when cooperating with hospitals, clinics, pharmacies and global pharmaceutical companies.

2. Regarding the Health Sciences Authority ("HSA") in Singapore

The Health Sciences Authority in Singapore is Health Sciences Authority (HSA) under the Singapore Ministry of Health (MOH), responsible for management all import, distribution and production activities pharmaceuticals, medical devices and health products. 

Any business that wants to establish a pharmaceutical company in Singapore or import, distribute, or cooperate in pharmaceutical trade in Singapore must HSA authorization required valid.

HSA Official Website

Singapore regulates pharmaceutical activities based on a multi-layered legal framework that includes:

• Medicines Act (Chapter 176): Provides for five-year protection of confidential information and supporting data in new drug registration applications.
• Health Products Act: Management of medical equipment, health products and import and distribution activities.
• Poison Act: Qmanagement of active pharmaceutical ingredients, laboratory reagents or veterinary products.
• Guidelines & Circulars: HSA provides detailed guidance on the implementation and management of pharmaceuticals in Singapore.

3. Difference between drug import and distribution license and GDP certificate in Singapore

4. Conditions for being granted a license to import and distribute drugs in Singapore

To be licensed to import and distribute drugs in Singapore, Enterprises must meet a series of strict conditions set by HSA, to ensure that:

• Drug import, storage and distribution activities.
• Drug transport.

To be carried out safely, transparently and in compliance with international standards, businesses need to meet the following conditions:

• Legal company formation in Singapore, registered with ACRA and have a clear business address.
• Registration for a Therapeutic Products Importer's Licence (“TPIL”) if the business import drugs from foreign countries into Singapore.
• Apply for a Therapeutic Products Wholesaler's Licence (“TPWL”) if the business stores, distributes or wholesales drugs within Singapore.
• Appoint an individual to take on the role of RP Responsible for overseeing product import, distribution, warehousing and traceability activities.
• Building and maintaining a QMS system effective and meeting GDP standards on drug distribution, ensuring that drugs maintain their quality and safety from the time of import until they reach consumers.
• Full compliance with regulations on the quality, labeling, packaging, storage conditions and transportation of drugs in Singapore.

5. Process and procedures for establishing a pharmaceutical business in Singapore

To conduct pharmaceutical business in Singapore, businesses need to carry out two main procedures: establishing a company and registering for import and distribution licenses with the Health Sciences Authority (HSA). The basic process includes the following steps:

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6. What should businesses do to renew or cancel their license to import and distribute drugs in Singapore?

6.1 Renew a license

The import and distribution license of drugs issued by HSA is valid for 12 months from the date of approval.

Singapore companies need to monitor the license expiration date and apply for renewal. Expired licenses cannot be renewed and new applications need to be submitted.

Businesses can renew their licenses in two ways:

• Auto-renewal via GIRO: The fee will be deducted 30 days before the license expires.
• Manual renewal: If not participating in GIRO, businesses must manually submit renewal applications through the HSA portal to ensure their licenses are renewed on time.

6.2 Cancel a license

Singaporean companies can apply to cancel their drug import and distribution licenses when no longer conducting business , and no longer needed maintain license.

License cancellation process:

• Submit a license cancellation request through HSA's online service portal.
• Receive email notification of cancellation processing results for businesses.
• Once the cancellation is approved, the business name will be removed from the list of licensed distributors/importers on the HSA website.

Note to GIRO: Businesses participating in the automatic renewal program through GIRO need to cancel their licenses at least 30 days before the fee deduction date to avoid unwanted renewal fees.

7. Common mistakes that cause drug import and distribution license applications to be rejected

During the application process for a license to import and distribute drugs in Singapore, HSA often reject or return the application If you find the following common errors:

8. How does GLA support pharmaceutical businesses in Singapore? 

GLA accompanies businesses throughout the entire process of establishing and operating a pharmaceutical company in Singapore, helping to minimize legal risks and ensuring that applications are quickly approved by HSA. 

• Legal advice and Singapore company registration from choosing the right type of business, registering the legal entity with ACRA and providing office rental services in Singapore.
• Prepare application documents for import and distribution license of drugs ensuring correct format according to PRISM standards.
• Consulting on personnel selection to ensure professional standards and management experience, meeting HSA requirements.
• Support for adjusting records, supplementing legal documents, improving warehouse facilities to standardize the QMS system
• Providing services for hiring appointed directors and corporate secretaries.
• Support counseling open a physical bank account, digital bank account
• Consulting and supporting businesses to register for international payment gateways such as: PayPal, Stripe, etc.

9. Frequently asked questions about drug import and distribution licenses in Singapore

Highlights

• All import and distribution of drugs in Singapore requires a license issued by HSA.
• Two separate types of licenses: Drug Import License (TPIL) and Drug Distribution License (TPWL)
• GDP certification does not replace licensing; GDP only demonstrates that the distribution system meets safety and quality standards.
• Enterprises must appoint a professionally qualified Responsible Person (RP) to manage the QMS and comply with GDP.
• TPIL and TPWL permits are valid for 12 months and require renewal before expiry.

The strong development of the tourism industry and the open foreign investment policy have turned Thailand into an attractive market for businesses wishing to expand operations in the fields of travel, hotels and tourism services.

When Vietnamese businesses want to expand their operations to the US, one of the first questions often asked is: “How can my company operate legally, open a bank account and pay taxes in the US?”

The company is planning Incorporating a company in Hong Kong, but do not clearly understand the necessary legal procedures, especially the BRN (Business Registration Number), one of the mandatory requirements when a business starts operating in Hong Kong.

Mastering the registration steps and complying with legal regulations not only helps businesses operate legally, but also creates a solid foundation for building credibility with partners, customers and management agencies. 

In this article, GLA will provide detailed instructions on the role, registration process and how to look up and use BRN codes in Hong Kong, helping businesses to fully prepare and operate effectively right from the initial stage of establishment.

The corporate income tax system in the US is one of the factors that overwhelms many foreign businesses right from their first year of operation. 

When establishing a company in the US, businesses must simultaneously comply with two levels of taxes – federal tax and state tax. It is worth noting that each state applies different tax rates, calculation methods and exemption policies, making tax declaration and payment a difficult task.

Without understanding how this system works, businesses can easily pay higher tax rates than necessary, lose valid deductions, or be subject to additional taxes or administrative penalties.

In this article, GLA will help you understand the big picture of Corporate income tax in the US in 2025, along with bottom line It is important to note that businesses need to operate effectively and comply with regulations.

1. The corporate income tax system in the US

1.1 What is corporate income tax in the US?

Corporate Income Tax in the US is the tax that businesses must pay for federal government , and state government, based on net profit after deducting valid business expenses such as employee salaries, operating costs, etc.

Corporate income tax is a mandatory legal obligation for businesses operating in the United States, including domestic and foreign businesses with income arising in the United States.

1.2 What is the current corporate income tax rate in the US?

Businesses in the US are required to comply with the corporate income tax system. multi-layered, applied simultaneously at the federal tax and state tax levels.

2. Federal Corporate Income Tax for each type of company in the US

The federal corporate income tax system in the United States is designed flexibly to suit each type of business. Depending on the legal structure, each model will have different ways of calculating and paying taxes:

3. State Corporate Income Tax

Unlike federal corporate income tax, state corporate tax in the US is very diverse, with different rates and regulations from state to state.

3.1 States subject to US corporate income tax

The corporate income tax rate for each state in the US depends on type of company , and state-specific regulationsSome states apply a flat tax rate to all corporate income, while others use a progressive tax system with different tax brackets.

44 states Applying corporate tax rates in the US, here are 12 popular states that apply state-level corporate income tax rates.

3.2 States that do not pay US corporate tax

Currently, there is only 2 states in the US do not apply any type of corporate tax, including:

• South Dakota.
• Wyoming.

These two states no collection both corporate income tax and gross sales tax (gross receipts tax). This helps businesses operate here. significantly reduce the tax burden, increase profitability and attract new investment.

The resort North Carolina also announced the roadmap completely abolish Corporate income tax before 2030, promises to become the third state to join the “no corporate tax” group. 

Some states do not impose a corporate income tax, but instead levy a gross receipts tax — a tax on total revenue (regardless of profit or loss). Specifically:

However, experts say that gross sales tax is often disadvantageous for businesses, as it can lead to "tax pyramiding" and has a heavier impact on businesses with low profit margins.

4. Who must pay provisional corporate income tax in the US?

Businesses in the US are required to make quarterly provisional corporate income tax payments based on their estimated profits for the year. This is a mandatory requirement from the federal tax agency (IRS) and many states.

• C Corporation: Is a type of company that is directly taxed. If the company is expected to pay from $500 or more During the year, quarterly tax payments must be made to the IRS.
• S Corporation: No direct corporate tax, but shareholders must provisionally pay personal tax if their corporate income exceeds a certain threshold.
• LLC: Must pay provisional corporate tax if taxed as a C-Corp, or provisional personal tax if it is a pass-through entity and has significant income.

The US Internal Revenue Service (IRS) specifies four interim payment periods: April 15, June 15, September 15, and January 15 of the following year. Late payment may be subject to penalties and interest according to IRS regulations.

GLA assists US businesses in calculating and making quarterly income tax payments, ensuring compliance with IRS regulations and optimizing tax obligations.

5. Employment Taxes in the US

In the United States, every business has employees, including foreign companies with workers in the US - must fulfill the obligation to pay employment tax (Employment Taxes).

This is a compulsory tax, calculated on the income that businesses pay to employees, including the deductions from employee wages and corresponding contributions from the business side.

Businesses need employee income declaration by submitting:

• Form W-2 for full-time employees
• Form 1099-NEC for independent contractors

Taxes deducted must be reporting and depositing with the IRS through Form 941 (quarterly) or Form 940 (annual).

Businesses can choose to submit applications. paper copy or send online through the IRS e-file system.

Common employment taxes that businesses in the US must pay include:

• Federal Income Tax: direct deduction from employee salary.
• Federal Insurance Contributions Act (“FICA”) tax: includes Social Security and Medicare taxes.
• Federal Unemployment Tax Act (“FUT”A): paid by enterprises to support the national unemployment insurance fund.
• State Unemployment Tax Act (“SUTA”): depending on the regulations of each state.

6. Declare and pay corporate income tax for US companies

In addition to tax obligations, businesses must comply with periodic reporting requirements at the state level to maintain legal status and avoid dissolution.

Annual Report and State Requirements

In addition to federal tax filing obligations, businesses in the United States must comply with annual reporting requirements at the state level to maintain legal operating status. 

This requirement includes updating basic company information with the Secretary of State's Office.

• Names and contact information of directors/members/owners.
• Name of Registered Agent.
• Residential address of directors or members of the company.

Note: Depending on the state, annual reports may be annual or biennial. 

7. How does GLA support businesses in complying with and optimizing corporate income tax in the US?

Any business operating in the US must comply with the multi-layered tax system and periodic reporting regulations to maintain a valid legal status in the US. GLA understands and accompanies businesses in ensuring compliance and optimizing corporate income tax obligations in the US through the following solutions:

• Consulting and choosing the right type of company in the US for your company: C-Corp, LLC.
• Support set up company in usa, register for a business license and rent office address in the states.
• Advise and prepare timely federal, state and local corporate income tax returns, including Sales Tax.
• Support quarterly tax filing, ensure IRS compliance and optimize tax obligations.
• Providing accounting services according to US GAAP standards, including monthly/annual financial reporting and preparation of audit documents.
• Support open a bank account in the US: physical bank account, digital bank.
• Consulting on procedures and registration documents on e-commerce platforms such as Walmart and TikTok Shopping.
• Timely updates and advice on changes in tax laws and business regulations, helping you proactively adjust your strategy when doing business in the US market. 

8. Frequently asked questions about corporate income tax in the US

Highlights

• The corporate income tax system in the US is divided into two levels: federal tax and state tax.
• The current federal corporate income tax rate is 21%, applied uniformly to all types of companies in the US.
• Different business models (LLC, S-Corp, C-Corp) are taxed differently.
• Foreign enterprises with business activities, representative offices or income sources in the US must declare and pay corporate income tax according to IRS regulations.
• GLA supports businesses in fulfilling their tax and accounting obligations in the US, ensuring compliance with IRS regulations, optimizing costs and maintaining legal and effective operations.

“We have prepared all the documents, but the bank still refused to open an account in Singapore.” – this is a common situation for newly established businesses in Singapore. The reason is not because of missing documents, but because of not understanding the UEN (Unique Entity Number) code – a mandatory identifier for all organizations in Singapore.

In this article, GLA will help businesses understand: what is the Singapore UEN code, why it is important, and how to look up and use UEN effectively to help businesses operate smoothly right from the start.

Japan is becoming an ideal destination for international technology and artificial intelligence (AI) businesses. Not only attracting giants such as OpenAI, Anthropic, Microsoft, SoftBank, but also Vietnamese businesses such as FPT Software, CMC Technology are expanding strongly in Tokyo. With urgent demand for automation, support from the government and a potential market, Japan opens up great opportunities for AI companies wanting to assert their position in Asia.

If you are looking for How to set up a company in Japan to do technology business (AI)This article will provide a comprehensive overview from legal conditions, costs, procedures to special advantages when doing AI business in Japan.

1. Why is Japan attractive to technology and AI companies?

2. Reality: Many “big guys” choose Japan to expand AI

It is no coincidence that Japan is continuously chosen by the world's leading technology companies to expand their operations. In just the past few years, the wave of investment and presence of large enterprises in the field of AI in Japan has become increasingly evident.

Besides Japan, Singapore, Mỹ, Hong Kong  are also potential countries to open companies, register technology IP and develop AI, and call for technology investment capital.

3. Benefits of establishing a company in Japan to do business in technology (AI)

Choosing Japan as a destination to open a company in the technology field, especially AI, brings many practical benefits to businesses:

With these advantages, Japan is not only a potential market, but also a strategic springboard for technology and AI companies to expand globally.

4. Forms of presence in Japan for international AI companies

Technology companies, especially in the AI ​​field, can choose from a variety of forms of presence when expanding to Japan.

Depending on your business strategy, investment level, and long-term development needs, you can consider one of four options. Japanese company types popular after:

In general, if an AI company wants to test the market quickly, a representative office or branch office will be suitable. But if the goal is to build a brand, sign large contracts, and grow sustainably, a subsidiary or joint venture will be a more strategic choice.

5. Basic procedures to open a technology company in Japan

Job set up company in japan, especially in the field of AI and Digital Transformation, in Japan requires careful preparation and compliance with many legal regulations. Below are the basic steps with support solutions from GLA:

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The process of opening an AI company in Japan is quite complicated but completely feasible with the support of GLA. With practical experience and a network of partners in Japan, GLA helps your business save time, reduce legal risks and quickly exploit the potential of the AI ​​market worth tens of billions of USD in Japan.

6. Challenges & Notes for Technology Companies (AI) in Japan

When opening a technology company, especially in the AI ​​field in Japan, international businesses need to be well prepared for the following challenges:

• Fierce competition from local and international businesses: Japan has many large technology corporations (NEC, Fujitsu, SoftBank, NTT Data) and a series of thriving AI startups. Market penetration requires foreign companies to have different solutions, outstanding technology or clever cooperation strategies.
• Data Privacy, AI Ethics: Japan has strict regulations on personal data (APPI – Act on the Protection of Personal Information) and is increasingly focusing on AI Ethics. Businesses need to ensure that AI systems comply with the law to avoid legal risks.
• There are cultural differences: The Japanese value trust, long-term relationships and collective decision-making. If foreign companies do not understand this culture, negotiating and cooperating with Japanese companies/partners can be difficult.
• High operating and personnel costs: Tokyo and Osaka are among the cities with the highest cost of living, office rent and salary in Asia. Businesses need to carefully budget when operating here.

7. How to leverage AI trends to succeed in Japan

International businesses looking to expand into the Japanese market can take advantage of the artificial intelligence (AI) trend through the following strategies:

• Investment in research & development (R&D) in Japan: Establishing an R&D center in the country helps businesses access high-quality human resources, quickly update new technology trends and grasp the actual needs of the Japanese market.
• Combining recruitment of local AI engineers and international experts: This combination brings a balanced advantage between global technological knowledge and understanding of Japanese consumer culture, behavior and tastes.
• Multilingual AI Product Development, Japanese priority: Localization is not just about language translation, but also about adjusting the user experience to suit Japanese culture, thereby increasing trust and competitive advantage.
• Cooperate with large corporations in Japan: Partnering with leading names such as Panasonic, SoftBank or Rakuten will help businesses expand their ecosystem, increase brand reputation and quickly reach a large customer network.

International AI companies that want to succeed in Japan need to combine technological innovation, product localization, and strategic partnerships. This is the key to helping businesses make a lasting mark in one of the world's leading technology markets.

8. How does GLA support you in establishing an AI technology company in Japan?

GLA provides comprehensive solutions to help international businesses open technology companies, especially in the field of artificial intelligence (AI), in Japan, including:

• Advisory choose the type of company suitable (Kabushiki Kaisha – KK or Godo Kaisha – GK) to optimize tax, legal and capital raising capabilities.
• Support in drafting and submitting company establishment documents to Japanese legal authorities, ensuring compliance with regulations.
• Providing business registration office address and representative office services for a quick start without renting a large headquarters.
• Consulting on visa/entrepreneur and residence permit for founders and AI experts who want to go to Japan to run a company.
• Connect to open a corporate bank account in Japan or an international bank that supports technology businesses.
• Legal - accounting - tax support for companies to operate legally, especially in the high-tech field (AI, data).
• Long-term companionship: Not only supporting the establishment stage but also accompanying the Enterprise throughout the development process in Japan.

With experience in supporting Vietnamese businesses to expand globally, GLA is a reliable partner for you to lay a solid foundation for your AI company in Japan.

9. Frequently asked questions when opening a Japanese company to do technology business (AI)

Highlights

• Japan is a potential but fiercely competitive market for technology (AI) companies, especially with high requirements on data security and business culture.
• Many leading brands such as Anthropic, OpenAI, Microsoft, SoftBank and Sakana AI have chosen to open companies, set up offices or expand operations in Japan, showing the strong attraction of the technology market here.
• Foreign enterprises can open 100% capital companies in Japan with many suitable options, but need to carefully prepare for operating costs and personnel.
• Success in Japan depends on combining local R&D, hiring local staff, building multilingual products, and partnering with large corporations.
• GLA can accompany you every step of the way — from legal advice, company formation, to compliance and long-term growth in Japan.

If you are working in Singapore with an Employment Pass (EP), S Pass or EntrePass, you probably want to bring your spouse and children to live with you to stabilize your family life. The main solution is the Singapore Dependant's Pass issued by the Ministry of Manpower (MOM).

Opening a company in Japan to export handicraft products is the desire of many Vietnamese enterprises, especially when the Japanese market is famous for being strict but also full of potential. However, many enterprises are struggling with a series of questions: 

Open a company in the US doesn't mean it's over. But many business owners think so, just sell and do business, and leave the company alone.

GLA has advised more than 317 US business owners and found this to be the most common mistake. Many choose cheap, unreliable services, only to panic a year later when they receive compliance letters from tax and regulatory agencies in the states asking them to explain why they are not in compliance, have not paid taxes, or have not updated information.

In fact, annual compliance is not only a legal requirement, but also protects the reputation and stability of the company. Let's find out each requirement and how to prepare so that your company is always in compliance with the law in the article below.

In the context of the market, many businesses and investors in the solar energy sector are facing challenges such as: difficulty in accessing international capital, lack of long-term support policies, barriers to exporting technology or equipment. This makes many businesses want to reach out to the global market, looking for a more transparent and favorable legal environment for sustainable development and easy capital mobilization.

Terminating a business is more than just “closing the door” – it is a significant legal process that requires careful preparation and strict compliance with regulations in each country. Many international businesses have found themselves fined, blacklisted, or banned from starting new companies simply because they did not complete the proper dissolution procedures in the country where they operate.

Businesses want to develop applications on Google Play and need a Google Play Console account? Incorporating a company in Hong Kong not only helps businesses open a valid Google Play Console account, but also optimizes costs, easily receives international payments and expands the global market. This article will guide you in detail why you should choose to open a Hong Kong company to operate a Google Play Console account and the steps to take to get started.

1. Google Play Console (Google Developer) account

2. Types of Google Play Console (Google Developer) accounts

Google Play Console offers two types of accounts for app developers: Personal Accounts and Business Accounts. Each type of account has its own characteristics, suitable for different audiences. Choosing the right account type from the beginning helps businesses or individuals manage their apps more effectively.

Choosing the right Google Developer account type will help Individuals/Businesses optimize the application release and management process, thereby increasing the opportunity for businesses to develop and increase revenue on Google Play.

3. Conditions for registering a Google Play Console account for Game, App, and Software Businesses

To publish games, applications or software on Google Play Store, businesses need to register for a Google Play Console account. Owning this account helps businesses manage and distribute products professionally, reach global users and optimize revenue. Below are the condition Important requirements that Businesses need to meet to register for a Google Play Console account:

• Legally established and licensed enterprise DUNS code is required for identity verification.
• Company address, business website. 
• Business phone number and email to display in developer profile.
• Personal contact phone number and email (not displayed on public profile).
• Payment Method: Payment account must have legal name, address and DUNS number associated.

Note: If an Individual registers for a Google Play Console account, the following conditions must be met: 

• Individuals registering for an account must be 18 years of age or older.
• Personal accounts created after November 13, 11 must meet app review requirements before publishing on Google Play.
• Starting in 2024, new personal accounts will need to verify access to an Android device using the Play Console app.

4. Why should Game and App businesses establish a Hong Kong company to operate a Google Play Console account?

With the strong development of the global mobile game and application industry, building an effective operating platform is a key factor for sustainable business growth. In particular, establishing a company in Hong Kong to manage and operate Google Play Console accounts is becoming the optimal choice for many international game developers and studios, especially businesses from Vietnam.

Below are specific reasons why Game and App businesses should consider setting up a company in Hong Kong:

5. Procedures and processes for establishing a Hong Kong company to open Google Play Console

Setting up a company in Hong Kong not only helps Game, App, and Technology businesses easily register for a Google Play Console account under the name of a legal entity, but also brings many advantages in terms of tax, financial management, and international market expansion. Below is a detailed step-by-step guide for businesses to complete this process.

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6. How does GLA support Enterprises to set up a Hong Kong company to open Google Play Console? 

GLA supports businesses in establishing a Hong Kong company to open a Google Play Console account with comprehensive services, helping to optimize the process and ensure legal compliance, including:

• In-depth advice and support on legal procedures, tax regulations and other requirements related to the open company in Hong Kong success.
• Support and provide office address in Hong Kong suitable for business budget and goals. 
• Business support DUNS number registration (Data Universal Numbering System), required to register a Google Play Console account.
• Business support opening a company bank account in Hong Kong, helping to manage international cash flows effectively.
• Support businesses in Financial reporting, Hong Kong corporate tax declaration and related issues for Game and App businesses to establish a company in Hong Kong 
• Consulting and optimizing corporate tax issues for companies established in Hong Kong
• Providing legal and accounting consulting services, helping businesses comply with Hong Kong laws.

7. FAQ on setting up a Hong Kong company to open Google Play Console

Highlights

• Google Play Console is an indispensable tool helps businesses publish, track and optimize apps/games, and grow global revenue.
• Businesses should register for a Google Play Console Business account. for professional management, no censorship restrictions like personal accounts, and a DUNS number is required for identity verification.
• Setting up a company in Hong Kong brings many advantages for Game and App businesses such as tax incentives, low operating costs, easy DUNS registration, and increased credibility with Google.

Looking to expand your business to Singapore? Setting up a branch office can be a strategic and effective move.

Carbon credit trading is a potential market and has a huge demand in the future with the whole world moving towards Netzero.

Sustainable business is a growing global trend aimed at achieving Net Zero. Companies in manufacturing and trade need to follow rules related to the environment, society, and how they are managed (also known as ESG: Environmental, Social, and Governance).

GLA regularly updates data on importers and distributors across various industries, meeting the needs of finding business partners and expanding the market in Singapore. Below is an excerpt from the list of food importers in Singapore (updated). To view the full list of food importers in Singapore, please register for a membership account or contact GLA directly.

Obtaining a US work visa is an important step to opening up career development opportunities, working at an American company and experiencing a professional environment in one of the world's leading countries.

Consular legalization of offshore documents and papers is an important step to ensure the legality and validity of documents in other countries. With a complex process, including notarization, Apostille certification and legalization at diplomatic agencies, understanding the procedures is a key factor to help individuals and businesses save time, costs, and avoid legal risks.

As international economic integration grows stronger, consular legalization of documents issued in the US has become a necessary step for businesses.

Registering a trademark in the US is an important step to help businesses protect their brand from infringement and copying by competitors.

Vietnam is currently considered a politically stable country with impressive economic growth in Southeast Asia.

As a result, Vietnam has become an attractive destination for international investors. Along with the increasing interest from foreign individuals and organizations, the demand for investment certificates in Vietnam is also increasing.

The following article will clarify the process and procedures for applying for an investment license for foreign investors, from documents, approval process to important notes.

Foreigners opening a bank account in the US is an important decision, affecting the cash flow management and financial transactions of the Enterprise. set up company in usa or other countries when investing abroad. Deciding exactly which US bank account to open will help you/your company save on transaction costs, cash flow, and ensure the financial health of your business. In this article, GLA will point out: 

DUNS (Data Universal Numbering System) code is an important tool to help businesses enhance their reputation and expand international cooperation opportunities.

The United States is known as the world's largest economy and an international business center that attracts a series of multinational companies. Renting an office address in the United States brings many significant benefits to businesses, from building trust with partners and customers to supporting business activities such as open a bank account in the US or manage correspondence effectively.

Setting up a company in Canada not only opens up business opportunities in the domestic market here, but also helps businesses easily access international markets, thanks to the free trade agreements that Canada participates in.

Registering a trademark helps protect your brand comprehensively, expands legal rights and ensures that intellectual property is not infringed. 

In the context of Vietnamese enterprises increasingly integrating and expanding global business, choosing an international accounting software can help manage finances effectively, transparently and optimize resources. 

The business is operating company in Hong Kong and want to expand into the international market, unlocking new business opportunities? DUNS code is the "golden key" to enhance business reputation and expand global business opportunities.

The UK is one of the world's top business destinations, especially for foreign business owners operating across borders. 

Seychelles is a country that receives much attention from foreign investors who want to own an offshore company to expand with low investment costs but still bring benefits close to other developed countries.

For a long time, Belize has been considered an ideal country for businesses wishing to establish an offshore company for international business.

This policy explains how GLA, Global Links Asia (“Company”) collects and uses personal/business information when you visit our website and use our services. GLA is committed to protecting the privacy and security of our customers’ information.

GLA will periodically update the policy to meet legal and business requirements.

1. Principles of security and data protection

GLA's policy is based on three main principles:

• Transparent: We collect and use personal data with the customer's consent and only for the purpose of providing services.
• Control: Customers have control over their personal data and can request corrections when necessary.
• Security: We apply top security measures to protect data.

In this policy, the following terms are understood as follows:

• "Personal" or “Business”: An individual or company representative accessing GLA's website or using services or products.
• “Personal Data”: Is information that identifies or can be used to identify an individual.
• “Third Party”: Is a government agency, bank associated with GLA's services and products.
• "Service": Includes business services such as company formation, management, tax accounting, bank account opening and other support services provided by GLA.
• "Product": Includes products provided by GLA such as QuickBooks licenses, tax accounting training courses, and other products.

2. Policy Overview

2.1. Data collection, use and sharing

GLA collects and uses personal data to:

• Provide services and products
• Contact, customer support
• Marketing (with consent)
• Compliance with legal obligations
• Research, analysis to improve service

2.2. Collection of personal data

GLA collects data in a variety of ways:

• Information provided directly by customers
• Third-party information sources (government, reputable partners)

All customer information provided will only be used to provide services and products.

2.3. Use and sharing of personal data

GLA only uses data in the following cases:

• Providing services under contract
• Compliance with legal requirements
• Send data to government agencies or banks as required by the service.

GLA ensures that any data sharing with governments, banks, is in compliance with legal regulations.

2.4. Security and data storage

GLA applies security measures to protect personal data from unauthorized access. Data is stored only for as long as necessary to provide services or comply with legal obligations.

2.5. Customer rights and responsibilities

It is the customer's responsibility to ensure the accuracy and completeness of the personal information provided. Failure to provide complete information may affect GLA's ability to provide services.

Opening a fashion store in Southeast Asian countries such as Thailand, Singapore and Cambodia is an exciting opportunity, but it also comes with many challenges. Competitive markets, complex regulations and understanding the needs of local consumers are all issues that businesses need to face when starting a business in the fashion industry.

Singapore, as a leading logistics hub in the world, is attracting attracting many businesses eager to enter the market. However, setting up a logistics company here involves complex procedures and intense competition.

Online banking (digital banking, electronic banking) and traditional foreign banks both offer similar services, but there are some important differences.

The continuous development of e-commerce and economic globalization has created new challenges and opportunities for businesses. Therefore, owning a foreign online payment card becomes an important advantage to help businesses improve their transaction capabilities and take advantage of opportunities to expand the international market. Online payment cards can help businesses manage and make payments, saving time managing fees that exceed the allowed level.

To effectively and reliably advertise online on the Google Ads platform, registering a DUNS number is a factor that businesses should consider implementing.

Hong Kong is a great choice for game companies looking to go global. It has a strong gaming market, low taxes, and a clear legal system—making it a friendly place for business. In this article, GLA will guide you through:

Are you a content creator (KOL, KOC, Youtuber or content creator on social networks who is paying huge amounts of tax when signing contracts with customers, paying taxes periodically every quarter, every year? 

For businesses running Facebook and Google ads, paying VAT correctly according to regulations is a matter of concern for many businesses.

Each country has different VAT or GST, Sales tax regulations and tax rates.

Not only a financial center, Singapore is also a leading center for manufacturing, research, development and commercial activities in the Asian region in particular and the world in general. In particular, the pharmaceutical industry, medical equipment, medical supplies and raw materials for the production of medical equipment are one of the strong pillars in the Singapore economy, with many globally famous drugs and important medical supplies produced here.

The medical equipment industry is a great investment for both local and foreign companies. Expanding this business overseas helps reach more customers and partners around the world. But choosing the right country to set up your company—with good tax benefits, legal support, and simple procedures—can be confusing.

Ranked 17th in global competitiveness and 2025st among Arab countries when it comes to business environment and best infrastructure (XNUMX), the UAE emerges as a friendly country and always creates the best conditions for foreign businesses to open companies in the United Arab Emirates.

PayPal Business Account is the leading and most trusted payment gateway in the world, providing businesses with many benefits. However, only a few businesses know that registering for a PayPal Business VIP account is the only way to fully utilize PayPal's superior features, as well as the opportunity to take your business and company to the next level.

With so many banks to choose from and different forms of opening a bank account, opening a regular bank account is the most difficult choice for businesses setting up foreign companies and doing cross-border business.

Cryptocurrency, with its unlimited potential, has been attracting millions of users worldwide. To attract potential users, many large corporations apply cryptocurrency to the payment system.

PayPal or Stripe – two “giants” in the field of international payment gateways, accounting for 45% and 17% of global market share respectively (1/205) – is the top choice of many businesses. However, determining which payment gateway is best suited for your business is not easy, even for large corporations.

This article from GLA will help you understand the similarities, differences, and sustainability of these two payment gateways, as well as how they can support your business model when expanding internationally.

1. What is a payment gateway? What should businesses look for in a payment gateway?

1.1 What is a payment gateway?

Payment gateways, such as Paypal, Stripe, etc., are digital payment solutions that collect and verify payment data from customers and then send that data to the seller's bank account for online payments.

1.2 What should businesses look for in a payment gateway?

When choosing a payment gateway for your business, especially a business Paypal account or a business Stripe account, there are many factors that businesses should consider to choose the most optimal payment gateway for their business. The factors needed for an optimal payment gateway are:

• Security level.
• Service agreement, reasonable cost.
• Easy to navigate payments for customers.
• Support for merchant accounts;
• Easy to integrate into company operations.
• Optimized, compatible on all electronic and mobile devices.

It can be seen that the Paypal business payment gateway or the Stripe business payment gateway can easily meet the above factors, allowing Ecommerce businesses to easily do international business, sell online or do business on e-commerce platforms.

2. Paypal vs Stripe Comparison: Which is the Best Option for E-commerce Businesses?

If your business is still hesitating between choosing a corporate Paypal account or a corporate Stripe account to integrate into your business operations. 

GLA has created a comparison table between registering a business Paypal account and registering a business Stripe account as below so that Businesses can easily see the difference.

2.1. Comparison table compare Paypal and Stripe

2.2. What is the biggest reason E-commerce businesses choose a business Paypal account and a business Stripe account?

The biggest difference between registering a business Paypal account and registering a business Stripe account for online sellers and e-commerce businesses is that the business Stripe payment gateway will be most suitable for businesses that want to design their own payment process according to their preferences.

This means that businesses can easily design and integrate their payment page to best suit their company's aesthetics and branding.

Meanwhile, although the Paypal business payment gateway is not as optimized as Stripe, the ability to easily register and use Paypal is an advantage for businesses.

Registering a PayPal account is really suitable for online sellers and e-commerce businesses because you only need to register to start using this payment gateway immediately.

3. When should a Business choose PayPal or Stripe?

Choose PayPal if:

• You are a startup or small business.
• Want to attract a large number of potential customers thanks to large market share.
• Interested in cryptocurrency trading.
• Want to use PayPal ecosystem like PayPal Pro, MassPay.

Choose Stripe if:

• Businesses need highly customized checkout processes.
• Prioritize long-term cost savings.
• Want to take advantage of automated trading.
• Focus on international trading.

3. How can GLA support businesses in registering for Paypal and Stripe business accounts?

Creating a PayPal or Stripe business account is very helpful for e-commerce businesses. Having an international payment gateway makes it easier for businesses to sell online in places like Singapore, the US, and more.

That’s why GLA, with many years of experience and trusted service quality, offers support for businesses to set up companies in the US, Canada, Hong Kong, Singapore, and other offshore locations.

• Consult on strategy for opening Paypal accounts, Paypal Business, removing liquidity limits (Limits), doing appraisal (Underwriting).
• Upgrade to Paypal Business VIP account, register for Paypal Pro, subscribe to premium services.
• Support management, maintain Paypal accounts, guide dispute resolution, optimize international money transfers;
• Support businesses to register, open, and authenticate international payment accounts such as Paypal, Stripe, etc.
• Support businesses to register, open, and authenticate physical bank accounts and online banking accounts at financial centers in Singapore and the US.

4. Frequently asked questions when businesses register for a PayPal business account or Stripe business account?

Highlights

• PayPal is the most suitable choice for businesses that are doing international business because the rate of using PayPal for payment is the highest.
• Stripe is the ideal choice if your business wants to reach international customers while optimizing costs and designing a payment process according to your needs.
• GLA will support businesses to open both PayPal Business and Stripe Business payment gateways to unlock top features in Singapore, USA, Hong Kong with experts with more than 2 years of experience.

The renewable energy industry is an increasingly growing field and attracts many investors to participate, due to changes in user habits and behaviors. To create a competitive advantage in terms of costs, companies operating in the renewable energy and solar energy sectors have turned to establishing companies in offshore countries such as BVI, Belize, Seychelles, etc.

Opening an offshore company operating in the field of e-commerce is an increasingly popular choice for individuals/businesses who want to expand their business and access new markets. Offshore companies can bring many benefits, from tax benefits, legal policies, tax and accounting procedures to flexibility in international transactions. However, is establishing and managing an offshore company in the field of e-commerce, Dropshipping really beneficial?

Managing your cash flow smoothly is always important. If your company does e-commerce or dropshipping, this becomes even more crucial—especially when most of your revenue comes through payment gateways like PayPal or Stripe.

PayPal is one of the most popular and well-known payment methods in the world today. This online payment gateway is used by more than 400 million users worldwide, including buyers, sellers and business owners.

Opening an offshore fintech company or fintech bank is not a simple task. It involves understanding many areas like legal rules, business licenses, company laws, and tax policies. One of the most important steps is choosing the right country to register the company.

Establishing a foreign company is always a great investment choice for many businesses. Currently, the number one choice of many businesses is Incorporating a company in Hong Kong or opening an offshore company in countries like BVI, Belize, Seychelles.

To develop the brand, optimize operating costs, and increase competitive advantage, should technology and software development companies establish companies abroad? Which country should technology and software development companies choose when establishing companies abroad?

On the one hand, many businesses choose to establish a company in the US because it is the largest market, providing many benefits for businesses. On the other hand, a large number of businesses are currently choosing to establish offshore companies in offshore countries such as BVI, Belize, Seychelles, etc. because of attractive tax policies and confidentiality of director/shareholder information.

Reduce your offshore company operating costs by 30% with GLA. Experienced tax experts, accountants and easy-to-use tools make managing your finances and paying your company taxes easier than ever.

Why do businesses want to establish an offshore game company, gameFi? The answer to that question can come from many different reasons.

After setting up a company overseas, individuals or businesses often struggle with opening a bank account to manage their finances. But choosing an offshore bank account isn’t always simple.

<p>Singapore is one of the top financial and business hubs in Asia. Every year, thousands of foreign businesses choose to set up companies here.</p><p></p><p>The country offers a transparent business environment, attractive tax policies, and modern infrastructure. These factors make Singapore an ideal choice for companies looking to expand internationally.</p><p></p><p>So, why do more and more overseas business owners prefer Singapore? Let’s explore 7 key benefits of opening a company in Singapore.</p><p></p> 

Ranked 7th best country in the world in 2024, Best Ranking Countries, according to US News, UAE or United Arab Emirates is one of the largest economies in the world with a diverse and vibrant culture.

With advantages in economic level, infrastructure, transportation and advanced science and technology, the US is always the top country in freight forwarding and global logistics. Foreign investors and logistics enterprises with the need to develop their businesses to the international market all want to establish a logistics company in the US. So with experience in consulting and supporting businesses to successfully establish a logistics company in the US, GLA will share the notes to prepare when establishing a logistics company in the US in this article. 

Currently, Blockchain technology is developing strongly and being applied in many areas of society such as: economics, finance, culture, education, etc.

Today, Blockchain technology is growing fast and used in many areas. It is especially popular in cryptocurrency (Crypto) projects, software development, and NFT games.

Foreign businesses can choose to open a provincial corporation or a federal corporation in Canada. So which option is best for foreign investors?

Canada has a strong and growing economy, making it a great place for business owners who want to start a company overseas.

Do you want your company to develop sustainably and optimize profits? Are you looking for a foreign country with preferential tax policies and the best tax savings? Hong Kong's foreign income tax exemption policy is the solution for you.

In this article, GLA will help you fully understand the conditions for enjoying the foreign income tax exemption policy in Hong Kong, specifically corporate income tax for Hong Kong companies.

Currently, blockchain technology and the Non-fungible token (NFT) platform have been significantly impacting many different fields, most notably the video game industry. However, accessing the blockchain game - NFT game player market and international investment capital resources has never been easy for start-ups in this field. The operating environment lacking many professional gamers and lacking blockchain/NFT-focused development companies is not an ideal development condition for blockchain game - NFT game start-ups. Therefore, many start-ups and SMEs have established foreign companies, specifically in BVI and Singapore to develop their business.

Standing out among modern technology, blockchain technology creates a breakthrough difference and attracts many businesses around the world to take full advantage of this technological achievement.

Did you know that in 2024, the Financial Conduct Authority of Singapore (MAS) granted a total of 13 major payment institution licenses to companies operating in the cryptocurrency sector, surpassing Hong Kong. This proves that Singapore is emerging as the leading Crypto hub in the region. So why is Singapore the choice of Crypto companies to settle down and establish a company, is the process of establishing a Crypto company in Singapore really easy for foreign Crypto companies? 

Delaware has long been known as the ideal state to set up a company in the US, when More than 65% of Fortune 500 companies have chosen Delaware as the place to establish the legal headquarters for their US business. 

After Incorporating a company in Hong Kong and operating for one year, at the end of the financial year, Hong Kong companies are obliged to submit annual reports, tax reports, tax returns to the Hong Kong government.

Reduce operating costs by 30% Hong Kong company with GLA. Experienced tax experts, accountants, and easy-to-use tools make managing your finances and paying your company taxes easier than ever.

Estonia has become one of the most attractive destinations in Europe for setting up a company thanks to its favorable tax policies, favorable business environment, and modern e-government system. With strong support from programs such as e-Residency, investors can easily open and manage a company remotely. 

For foreign businesses Singapore company registration, Hong Kong, Mỹ or offshore countries (BVI, Belize, Seychelles, etc.), owning a foreign bank account for transactions and money transfer/receipt is extremely important in business. Reputable, famous and highly secure physical banks are always the priority choice of many businesses. In this article, GLA will point out: 

Opening a bank account in Hong Kong can be challenging. It requires consultants with strong experience, a deep knowledge of local banking rules, and a clear understanding of how the business works. This is important so they can guide businesses to prepare all the correct documents and certificates as required by the banks. In this article, GLA will share useful information to help you make the right decision when opening a bank account in Hong Kong, including: 

Hong Kong and Singapore are two of the world’s top financial hubs. They attract many investors who want to set up companies and grow their businesses. With strong economies and government support for new companies, both places offer great opportunities. That’s why many investors often ask: Should I open my company in Hong Kong or Singapore?

Establishing a company in Singapore - opening a bank account in Singapore to take advantage of incentives, open policies, reputable financial system in Singapore, convenient when doing business with international partners and customers is the choice applied by many investors. 

Are you running a company in Singapore and need to file financial reports as required by ACRA? Preparing and filing XBRL reports is not only a legal requirement but also helps businesses improve financial transparency and build trust with investors and partners. However, not all businesses are aware of the process, required format and common errors when filing XBRL reports for Singapore companies.

Online payment gateways are one of the payment methods preferred by customers all over the world because of their quick and easy transaction/payment capabilities. Therefore, businesses Singapore company registration To meet the payment experience of customers who need to search and choose to open an online payment gateway to easily receive transactions from international customers. 

Countries like Singapore and offshore jurisdictions offer some of the world's best tax incentives, making them attractive destinations for investors looking to start companies and expand their markets. In particular, their low corporate tax rates create favorable conditions for small and medium-sized enterprises (SMEs) to compete internationally.

According to the latest information updated on the international electronic payment situation, in 2019, the value of electronic payments in the world reached 4.100 billion USD and is estimated to reach 6.700 billion USD by 2023.

The company wants to expand its market abroad but is hesitant between the US and Singapore? Both are countries with developed economies, attracting foreign investors. This article by GLA will help the company:

Nowadays, the international transaction needs of businesses are increasingly diverse. Therefore, payment service providers are increasingly providing more services to suit those needs. The two giants in the electronic payment industry, PayPal and Stripe, are of course not out of this game. One of the services that many businesses are interested in is PayPal Pro, which is a special service for "VIP" PayPal Business accounts.

In today’s globalized world, businesses that want to expand internationally often choose to use a DUNS number. This code, issued by Dun & Bradstreet (D&B, USA), is especially useful for import-export companies in Vietnam.

Singapore has always been known as the economic center of Asia and is continuously praised as "the land of a thousand opportunities" by The Economist - the most famous business magazine in the UK.

When registering a company in Singapore, businesses must meet three key requirements:

• Appoint one company director and/or nominee director
• Provide a registered office address in Singapore
• Appoint a company secretary.
Among these, the company secretary plays a crucial role in ensuring compliance with Singapore’s legal and regulatory framework.

when the open a business in singapore, understanding the types of business licenses is very important to ensure legal operations and compliance with regulations.

Applying for a work permit in Singapore is a necessary requirement for foreign workers who want to live and work in the country for more than one month.

The Singapore Certificate of Incorporation is one of the most important legal documents a business needs. 

Moving to Singapore – also known as the Lion City – is a dream for many people and businesses. It’s a major financial and economic hub where global companies are based. With its great location, modern infrastructure, strong education system, advanced technology, and quality healthcare, Singapore is a great place to live. That’s why, whether you're a professional, a business owner, or someone in another field, it's important to understand how Permanent Residence (PR) in Singapore works. 

Foreign investment license is the first requirement that businesses and individuals need to prepare in the process of investing abroad, so GLA provides information on foreign investment laws as well as procedures for applying for foreign investment licenses for individuals and businesses in Vietnam.

With the aim of expanding the market internationally, many businesses are now considering the type of branch in Australia. Similar to establishing a subsidiary, establishing a branch in Australia also requires certain processes and procedures that foreign businesses must comply with.

When expanding their market abroad, businesses often pay special attention to the tax regulations of the country where the company is established. 

Singapore is known as the leading country in Asia that always applies modern technology in all fields, especially in the business field. According to Transparency International (TI), Singapore is in the top five countries in terms of friendliness and transparency in the business environment thanks to the efforts of the Singapore government over the past time. In particular, BizFile+ was created by ACRA (Accounting and Corporate Regulatory Authority of Singapore) with the purpose of storing and providing information on businesses established in Singapore to increase transparency and public information on businesses in the market. Information about companies established in Singapore and registered with ACRA can be extracted electronically directly from the ACRA Bizfile+ transaction portal.

Singapore has long been known as one of the world's leading financial centers, attracting thousands of businesses to invest and do business. One of the important factors contributing to this attraction is the simple, transparent and stable tax system.

With continuous development over the past 40 years, Singapore has gradually affirmed its position worldwide.

In the work Singapore company formation and operation, for various reasons, a business owner may decide to close a company. Similar to forming a company, closing a company also requires certain procedures and requirements.

Unlike offshore companies (companies exempted from corporate income tax) established in BVI, Belize or Seychelles, all companies in Singapore are required to file annual reports with the competent authorities in Singapore including ACRA (Accounting and Corporate Regulatory Authority of Singapore) and IRAS (Inland Revenue Authority of Singapore).

Singapore Contractor Tax_ a tax levied on income received by non-Singapore resident individuals/companies from conducting business or providing services within Singapore.

Companies in Singapore are grouped into two types: tax resident companies and non-tax resident companies. This classification is based on where the company is managed and operated. It helps decide the company's tax status in Singapore. 

With economic stability, a solid political system, a favorable investment environment and high-quality human resources, the US has attracted many international businesses and investors to choose to establish companies in the US in famous states.

When dissolving a company in Singapore, businesses must not only complete the legal process but also fully comply with tax obligations. 

Singapore is one of Asia's leading financial and economic centers, attracting thousands of foreign workers every year. With a professional working environment, attractive salaries and a transparent legal system, this island nation has become an ideal destination for professionals, entrepreneurs and highly skilled workers. The Singapore government is also constantly improving its labor and visa policies to attract talent from all over the world. 

when the set up company in japann, the factor that many people are interested in is choosing the type of business that suits the needs and capabilities of the owner. In order for the business to run smoothly in the future, the owner needs to clearly understand the characteristics, advantages and disadvantages of each type.

Understanding the tax system is an important factor before set up business in thailand. The country imposes a variety of taxes on businesses, from corporate income tax, value-added tax, contractor tax to stamp duty and special business tax. Below are the important taxes that businesses in Thailand should be aware of.

Record keeping is fundamental to running a successful business in Singapore. 

For businesses looking to expand into Southeast Asian countries, import goods, or establish a legal entity overseas to increase brand awareness, Thailand is a viable option.

Upon receipt of a Notice of Assessment ("NOA") from the Internal Revenue Service of Singapore (IRAS), many businesses may disagree with the tax assessed due to factors such as miscalculation of revenue, no tax incentives, or deny valid deductionsIn these cases, the business has the right to file a tax protest for IRAS to review and adjust their tax liability.

Website – the first means for customers to evaluate the reputation and professionalism of the business they are interested in. Therefore, a website is essential for businesses regardless of the size of the company, large or small, doing business or not through the website. Previously, many businesses focused on building attractive websites and ensuring full content for customers. However, recently, businesses have begun to learn about SSL – the global technology security standard for websites after Google began to issue warnings for websites that do not possess this security certificate.

In Singapore, most businesses pay their taxes on time; partly due to the rule of law in the country, and partly due to the severity of penalties for late/non-payment. In addition to fines, the Inland Revenue Authority of Singapore (IRAS) also applies enforcement measures if businesses continue to fail to meet their tax obligations.

Declaration corporate income tax in Singapore is an important obligation that every business must fulfill every year. To simplify this process, the Inland Revenue Authority of Singapore (IRAS) has introduced three types of tax returns: Form CS, Form CS (Lite) and Form C. Each type of corporate income tax return is suitable for different groups of businesses, depending on the scale of revenue and certain conditions. 

Businesses Established in Singapore They must regularly conduct online transactions with the government, such as filing tax returns. submit ECI, form C/CSUpdate your business profile using various electronic identifiers such as e-Services Access Code, IRAS PIN, etc.

Online payment is becoming a popular choice for all consumers, especially for consumers through e-commerce channels, websites, and online stores.

To reduce the tax burden that Singaporean businesses have to pay every year, the Singapore Ministry of Finance always has preferential policies as well as tax exemptions for businesses.

Limited Partnership (LP) is becoming increasingly popular in Canada due to its unique advantages in terms of legal liability and management structure. This is a suitable model for foreign entrepreneurs and investors who want flexibility in running their company.

Businesses establishing a company in Singapore need to conduct an audit report if the company has annual revenue or assets of over 10 million SGD. Therefore, auditing services become a useful tool to help businesses optimize management processes, fully meeting the legal requirements of the Singapore government.

British Virgin Islands (BVI) is an ideal country to open a company for businesses to invest in with extremely preferential tax rates. Most of the cBVI companies conducting business and management activities outside this territory, therefore, the documents/documents of BVI companies are often required to be consular legalized or consular certified to prove that the company is truly established and still operating (Good standing status). Consular legalization of BVI company documents serves many purposes:

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You are starting a business in the US or have income in the US. You want to reduce income tax.

“Offshore company” is no longer a strange phrase to many businesses, as there are thousands of entrepreneurs around the world who own this type of company.

You open a company in the US to conduct trading, e-commerce business or regularly transact in the US with customers and partners. You need to cut down and optimize sales tax to maximize profits, saving millions of dollars in sales tax.

Reduce 30% of your company’s operating costs in Singapore with GLA. Managing your company’s finances and taxes in Singapore has never been easier. GLA offers a comprehensive suite of accounting and tax services powered by experienced professionals and user-friendly tools to help SMEs, startups, and streamline financial operations and ensure tax compliance.

After registering a company in Singapore, one of the important tasks you need to perform is to hold an Annual General Meeting (AGM) every year.

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Share certificates play a key role in confirming ownership and protecting the rights of shareholders in a company.

The ASEAN Economic Community is considered a famous and potential investment destination for businesses and corporations around the world. Among them, choosing to establish a limited liability company is the most popular decision of many business owners and foreign companies. In particular, as the economy of Laos is increasingly developing, many small and medium enterprises and Start-up companies in Vietnam have realized the benefits and business potential in this market and planned to establish a company here.

After open company in Delaware, one of the mandatory legal responsibilities when performing work US accounting tax To maintain valid status is to file an Annual Report.

Tourism is becoming a popular business trend, attracting many young entrepreneurs. Singapore, a top destination for tourists worldwide, offers great opportunities in this industry.

Taking on the role of non-resident director of a Singapore company offers many advantages, but also comes with significant tax obligations. 

Learn about taxes for companies in Singapore. It's a complex task, but understanding the taxes and tax policies applicable to your company in Singapore is key to smart financial planning.

Renting an office is one of the important legal requirements when starting a business. open a business in SingaporeBut how to rent an office in Singapore that is both suitable and optimizes operating costs is a difficult problem that many businesses often encounter.

Companies incorporated in Singapore are required to submit a number of annual reports to the Inland Revenue Authority of Singapore (IRAS) to inform them of their financial and operational performance. The reports include Estimated Taxable Income (ECI), Corporate Income Tax Report (Form C/CS), and several other reports. However, ECI and form C/CS are the two most important reports that businesses in Singapore need to pay attention to. Late submission or failure to submit ECI and form C/CS on time will result in various penalties that can affect the business of the company. 

Delaware, a state located between New York and Washington DC, is considered a "promised land" for US company formation in the business world because the incentives that this state offers you are hard to find elsewhere. Delaware has a prime geographical location, a key area that is convenient for business activities.

Reduce your US business operating costs by 30% with GLA. Experienced tax professionals, accountants, and easy-to-use tools make managing your finances and paying your company taxes easier than ever.

User manual course QuickBooks Online The only book that combines practice with theory for accountants and business owners

Nowadays, medical and healthcare is one of the most developed and successful industries in Singapore. The number of healthcare facilities is increasing, and companies in this field are also starting to improve the standards of medical equipment and instruments by importing equipment from countries with advanced technology in the world. However, the import of medical equipment in Singapore is very strictly regulated and rigorous by Health Sciences Authority (“HSA”) to ensure the best quality of service in the global market. 

The following article by GLA will provide Businesses set up company in singapore Basic information on the requirements and regulations for importing medical devices in Singapore. 

To import medical equipment into the Singapore market, businesses need to perform two main tasks:

• Register medical devices with the Singapore Health Sciences Authority.
• Apply for import license. 

1. Definition of medical device under the Singapore Healthcare Act (HPA) in Singapore

Medical Device includes instruments, apparatus, equipment, machines, implants, in vitro reagents and calibrators, software, materials or other similar or related items used to perform tasks in the medical field. Tasks such as diagnosis, prevention or treatment but not related to pharmacological, immunological or metabolic measures.”

The HPA (Health Products Act) classifies medical devices into four categories depending on the level of risk assessed based on factors including duration of use, invasiveness into the human body or implantation under the skin, involvement of drugs or biological compounds, etc.

Since August 8, according to Singapore Health Products Act (“HPA”), all medical devices including those licensed under the Radiation Protection Act, must be registered with Health Sciences Authority (“HSA”) prior to supply, unless such devices are used for clinical trials, are custom-made, and/or are Class A devices on an exemption list. Some (low-risk) medical devices pose a risk only when used and are therefore exempt from product registration. However, exemption from product registration does not relieve the marketer of such devices of their responsibilities under the Law and Regulations. 

From 1 January 1: All medical devices regardless of their level of danger (except products exempted from registration), for import and supply must meet one of the following criteria:

• Listed on the Singapore Register of Medical Devices (Singapore Medical Device Register (“SMDR”));
• Listed on the Forwarding List; OR
• Authorized through one of the licensed routes. 

For medical devices imported solely for re-export or manufactured solely for export, such import and export must be notified to the Regulatory Authority.

2. Registration requirements for each type of medical device

The Singapore Healthcare Act (HPA) requires product owners and product registrants to register their products with the Ministry of Health of Singapore (HSA) for listing in the Singapore Medical Device Register (SMDR). Listing in the SDMR must occur before the device is supplied to the domestic market. The product registration requirement will only apply to sterile Class A, Class B, Class C and Class D medical devices to be supplied to the domestic market.

A Singapore incorporated company that is registered with the Accounting and Corporate Regulatory Authority (ACRA) can apply for product registration. It can be a Singapore subsidiary of the product owner (the principal manufacturer) or a local company authorized by the product owner to apply for product registration.

The product owner must document the purpose of the device and determine the risk class of the device in accordance with the classification rules in the HSA Regulatory Guidance. Where a particular device is identified as having more than one risk class, the highest risk class must be considered.

2.1 Registration of medical devices type A

Registration of Class A Medical Device does not require filing an application in the CSDT form. (ASEAN Common Submission Dossier Template). The application process is quite simple, consisting of four steps – application, screening, assessment and regulatory decision by the Authority. The application must be accompanied by:

• Original labels and packaging in English.
• User manual.
• Patient information leaflet (if available).
• Advertising materials.
• Sterility validation report (if available).
• Medical device measurement certificate (if any).
• Electrical safety standard certificate (if any).

2.2 Registration type B, C, D

The product registration application must be prepared in accordance with the CSDT Form in English and must be accompanied by all relevant certificates, reports and labels etc., as annexures. The level of detail required will vary depending on the assessment route chosen by the owner/registrant.

Pre-application advice may be necessary if there are specific issues or where there is uncertainty as to whether an application meets the applicable requirements.

3. Procedures for registering medical devices imported into Singapore

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4. Application process for Medical Device Registration through MEDICS in Singapore

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5. License to import medical equipment into Singapore

A company importing medical devices into Singapore is required to obtain an importer's permit. The application for an Importer's Permit will be submitted via the online system, MEDICS@HSA.

The Company will appoint a key contact person who will liaise with the Authority on all matters relating to applications submitted by the Company, including requests for input into applications.

The application must be accompanied by a certificate of Distribution Practice for medical devices in Singapore (Good Distribution Practice for Medical Devices in Singapore (“GDPMDS”)) or ISO 13485 certification, including scope of storage, distribution and a list of exempted imported Class A medical devices.

For companies that do not manufacture or import exempted Class A medical devices, the company must provide a company paper declaration. GDPMDS certification is carried out by certification bodies accredited by the Singapore Accreditation Council.

Good Distribution Practice for Medical Devices in Singapore (GDPMDS) certification is not required for the following activities:

• Import for re-export only.
• Import for non-clinical use only.

In the above exceptional cases, a declaration must be submitted in lieu of a certificate.

Each licensee must notify the Authority when any details previously declared are changed.

The license is valid for 12 months, a license renewal reminder email will be sent from the Authority to license holders 60 days before the license expires. Renewal applications must be submitted 40 days before the license expires.

Note: Companies that only carry out medical equipment transshipment activities, within the airspace or seaports of the Free Trade Zone (FTZ), do not require a license from the HSA.

Importing medical devices into zero-rated GST warehouses will require a medical device importer license. When exporting (which is a wholesale supply) these medical devices, a medical device wholesaler license is required.

Obligations of importers

Importers must fulfill the following mandatory obligations:

• Maintain import and supply records.
• Maintain records of complaints.
• Report any deficiencies and adverse effects to HSA.
• Notify HAS of actions taken by the manufacturer to reduce the risk of death or serious impairment of health associated with the use of a marketed medical device (field safety correction actions).
• Prohibit false or misleading advertising.

6. How does GLA support Singaporean businesses to register and import medical devices into Singapore?

GLA, a unit with many years of experience supporting Singaporean businesses to register and import medical equipment into the Singapore market, supports businesses:

• Establishment of Singapore company for medical equipment business full package, from AZ. 
• Guide businesses to prepare documents and determine the risk level of medical devices in Singapore.
• Business representative to register medical devices in Singapore.
• Support for operating Singapore businesses after establishment includes regulations on: Singapore corporate tax accounting, financial statements, GST registration, etc.

7. Frequently asked questions when registering and importing medical devices into Singapore

Highlights

• Importing medical devices into Singapore requires medical device registration with the Singapore Ministry of Health (HSA).
• You need to create a CRIS account through MEDICS to proceed with medical device registration with HSA.
• Obtaining an import license into Singapore is a mandatory requirement for companies importing medical devices into Singapore.

Goods and Services Tax (GST) is a value-added tax levied on the sale of goods and services in Singapore. In some cases, individuals and businesses may be eligible for a GST refund from the Inland Revenue Authority of Singapore (IRAS).

As more businesses look for better ways to manage their finances better and follow government rules to switch to international accounting standards (IFRS), many are turning to global accounting software. 

After Singapore company registration, according to Singapore law, every year, Singapore companies are required to make tax reports - accounting - financial reports - once at the end of the fiscal year.

Registering a trademark is an important step to help businesses protect their brand assets and create a competitive advantage in the market. In Singapore, the trademark registration process is carried out through the Intellectual Property Office of Singapore (IPOS), which stipulates specific procedures and requirements to ensure legal rights for businesses. In this article, GLA will share details about the process, procedures and necessary steps to register a trademark in Singapore, helping your business more easily build and protect its brand in one of Asia's leading financial centers.

After more than 50 years of continuous efforts since independence (1965), Singapore is now known not only as a green-clean-beautiful, modern and civilized country but also as one of the largest financial centers in Asia, one of the most attractive and friendly investment destinations in the world. According to recent statistics and research by the International Labor Organization (ILO), Singapore's labor productivity is currently many times higher than that of other countries in the region.

After setting up a company in Singapore, many businesses want to bring key employees to work and manage the company.. In addition to issues such as application procedures,work visa (EP), looking for a company office, another major concern is personal income tax in Singapore. This includes tax rates, tax filing methods, and other related issues for foreigners living and working there.

In this in-depth article, we will provide businesses with detailed information about the personal income tax system for foreigners in Singapore.

Singapore, with its favorable business environment and thriving digital economy, is an attractive destination for many startups and especially e-commerce companies.

With a young, modern population and high per capita income (2,000-3000 SGD/month), Singapore is increasingly proving its position as a potential consumer market.

If your Singapore business makes payments to non-resident individuals or entities for services provided in Singapore, you may be required to withhold withholding tax. This is an important requirement to ensure tax compliance with the Inland Revenue Authority of Singapore (IRAS).

Import and export of goods between Vietnam and Singapore is an important commercial activity, but many businesses still have difficulty understanding and implementing import and export procedures on the spot. This leads to risks in terms of cost, time and even legality.

After Singapore company registration, besides using the Director and Secretary Services, office services, many GLA customers also want to register a phone number in Singapore and roam to Vietnam to be able to quickly respond, care for, advise, and reflect to their international customers.

What is CPF Singapore? This is a question that most employees and businesses in Singapore are interested in when starting their operations. The Central Provident Fund (CPF) is not only a compulsory retirement fund, but also a comprehensive social security system that helps people secure their finances, health care and long-term housing. 

For businesses, understanding the regulations, contribution rates and how to comply with CPF is a must to avoid legal risks and build trust with employees. In this article, GLA will provide you with the most complete and detailed view of CPF Singapore and effective compliance solutions.

Are you doing business overseas and own a company in Singapore? If so, you might need an international bank account for cross-border transactions.

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After Singapore company registrationMore and more businesses and customers have the need to "consular legalize" documents and papers in Singapore for use in Vietnam.

A 54% increase in customer transaction payment rate is the recorded figure when websites and e-commerce platforms use PayPal payment.

The ASEAN Economic Community is seen as a strong and attractive investment hub for businesses and corporations around the world. Among its member countries, Laos is a popular choice for foreign companies looking to expand.

The United Arab Emirates has been and is one of the top countries in the world attracting foreign investment.

In recent years, Vietnam has become a popular choice for foreign investors because of its fast-growing economy, stable politics, and efforts to create a better investment environment.

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Singapore Singapore prides itself on having one of the most modern and best public transport systems in the world. The public transport system in Singapore is considered convenient, comfortable, safe, reliable and affordable.

Singapore prides itself on having one of the most modern and best public transport systems in the world. The public transport system in Singapore is considered convenient, comfortable, safe, reliable and affordable.

Nowadays, more and more business-parents, after having Singapore company registration, wishing to resettle their children's lives to Singapore to enjoy a prestigious and advanced education in Singapore. In Singapore, where the international education system is located, the conditions and quality of education are top-notch, there are many internationally certified schools, where students, talents, and world businessmen are trained, which is the reason why parents create conditions for their children to study in Singapore. Choosing a public, private or international school; how to choose a school so that your children can best integrate into the new life and learning environment.

Regardless of what field the business operates in, GLA can help your business design a complete, reputable, professional website that suits the company's needs. Open in Singapore

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In Singapore, foreigners are allowed to buy houses for living or investment purposes since 19 July 7, based on the Residential Property Act (RPA).

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Investing in stocks in particular or securities in general in Singapore - a highly rated business destination in Asia - is an option that many investors are interested in because of the inherent advantages of a transparent financial market and preferential policies from the Government.

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Are you a game company, software developer or technology company with software products, apps, games posted on Apple Store, Google Play, Google AdMob or working with Google, Facebook, technology companies around the world. Do you need to optimize tax costs, call for investment capital or easily work with foreign companies?

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Hong Kong is renowned worldwide for its low and simple corporate income tax system, which has contributed to making Hong Kong one of the most business-friendly jurisdictions. 

Singapore is one of the countries that stands out with its clear, transparent and consistent legal system.

The year 2025 marks a series of important changes in Singapore's legal system, to meet practical needs and globalization trends.

The article below provides the latest legal updates in 2025 of the Singapore legal system, helping businesses and investors have a clearer view of these changes so they can operating a company in Singapore effective, legal

1. Competition Law 

Competition Law The Competition Act was enacted to provide a strong legal framework to protect consumers and businesses from unfair competitive practices by other business entities.

In 2025, Singapore continues to improve its commercial dispute resolution processes, especially in the areas of e-commerce and international transactions.

3 important laws that businesses need to know include:

1. Anti-competitive agreements, decisions and practices (Prohibition 34).
2. Abuse of monopoly position (Prohibition 47).
3. Mergers and acquisitions of companies in the industry to reduce competition (Prohibition 54).

2. Business Law

3. Intellectual Property Law

With the explosion of digital technology, the protection of intellectual property and personal data is becoming a hot issue, especially in areas related to information and communication technology.

Singapore has implemented a series of measures to strengthen the legal framework for protecting intellectual property rights and personal data under the Patents Amendment Bill (Singapore Patents Act and Patents Rules) and Electronic signature, oath, notarization (Electronic Statutory Declarations, Oaths And Affirmations, And Notarisations).

The above changes help facilitate business operations and work with the government for product and service protection activities.

In addition, Singapore has also updated the Personal Data Protection Act (PDPA), with stricter requirements on the collection, use and security of consumer data. Businesses need to ensure compliance with the new regulations to avoid heavy fines.

4. Environmental, Social and Governance (ESG) Law

Recent developments regarding the regulation of environmental, social and governance (ESG) in Singapore increasingly emphasizes the growing importance of ESG compliance, especially for large businesses. 

New initiatives include mandatory ESG reporting and stricter rules on sustainable practices. Singapore has also committed to international sustainability standards and highlighted the legal risks for businesses if they fail to comply.

To help businesses easily meet ESG requirements, the Singapore government has issued many policies to simplify the registration process and receive support to help ESG application become more widespread in Singapore.

5. Labor law

The Employment Act requires both local and international companies with a presence in Singapore to provide basic and fair working conditions to all employees and workers. Wrongful dismissal claims are heard by the Employment Claims Tribunal (“ECT”) instead of the MOM.

6. How can we help you incorporate your company in Singapore?

GLA, with its experience in consulting and supporting the establishment of a company in Singapore, will assist businesses in complying with Singaporean law by:

• Consulting on suitable company type when open company in Singapore
• Legal advice meets company needs and supports problem solving, ensuring the company operates legally and effectively.
• Director, secretary, and Rent office address in Singapore.
• Manage your company financially with our one-stop cost-efficient tax accounting services for Singapore companies
• Register and verify your bank account.
• Hiring staff, auditing, payroll reporting, and trademark registration in accordance with legal procedures.

7. Frequently asked questions about Singapore law

Highlights

• Auditing firms are encouraged to adopt the AQIs information system.
• Tax policy changes: GST 9%, PIT adds 22-24% bracket for income over 1 million SGD.
• The process of registering for protection and patents in Singapore will become easier, for all companies.
• Meet ESG requirements is one of the priority application focuses for Singapore companies.

Singapore is Asia's leading financial and commercial hub, where international businesses seek market expansion opportunity. To connect effectively and get the support you need, joining business associations here is an indispensable step.

Accounting standards are an important foundation for businesses to maintain transparency and comply with financial regulations. In Singapore, companies must apply Singapore Financial Reporting Standards (SFRS) – a system based on IFRS to ensure consistency and reliability in financial reporting. So what is special about SFRS? Can small businesses apply simpler standards? Find out to ensure your company always complies with Singapore corporate accounting regulations effectively.

With a strong economy and favorable international connectivity, Singapore offers countless opportunities for investors and entrepreneurs.

Sometimes, your businesses need to transfer shares for Singapore company. This can happen during capital calls, divestments, or capital increases. Enterprises will need to transfer shares.

As businesses become more global, many companies in Singapore earn income from other countries and want to manage their taxes more effectively. The Foreign Source Income Tax Exemption Scheme is a legal way for businesses to reduce their tax bills and avoid paying tax twice on the same income. We will explain the rules and requirements for businesses in Singapore to benefit from this scheme when they earn income from overseas. 

As a global financial hub, Singapore is well-known for its clear and business-friendly tax system. This makes it a top choice for investors around the world. 

<p>Australia is one of the markets with a stable economy and great growth potential, an ideal destination for businesses wishing to expand their operations internationally. </p> <p>To be successful in opening a company in Australia, you need to clearly understand the legal processes and regulations of this country.</p> Our article will provide a step-by-step guide to setting up a company in Australia effectively and legally. 

Singapore, with its modern port system and favorable business policies, is an attractive destination for businesses looking to expand their international operations.

You want to run a restaurant or eatery in Singapore, but are worried about the competitive and constantly changing market?

Setting up a Pte.Ltd company is a very popular choice among many local and foreign business owners in Singapore for many years. type of company,

Opening a representative office in Singapore is a smart way for foreign businesses to explore the market. It allows companies to study opportunities without making a big financial commitment. 

Singapore is a small but strategically important country in Southeast Asia, notable for its developed economy and favorable business environment.

Singapore – one of the most prosperous countries in Asia – is not only famous for its developed economy but also for its cultural and social diversity. 

Singapore, known as Asia’s leading economic and technology hub, has always been an attractive destination for global entrepreneurs and investors. To support and encourage the development of innovative technology businesses, the Singapore government has launched the EntrePass program – a work visa specifically for innovative entrepreneurs and investors who wish to operate businesses here.

Choosing the right type of company is crucial when starting a business in Singapore. It affects your taxes, liabilities, ability to raise funds, and long-term growth.