Services

Onshore Company Set Up

Contry Item		China	Vietnam	Cambodia	Thailand	Malaysia	Indonesia	Philippines
Min. Capital (US$)	Reps.	N/A	N/A	1,000	86,000	N/A	N/A	30K
	Branch	N/A	N/A	1,000	△^①	1	N/A	200K
	Sub.	1	100K	1,000	3	1	700K^④	200K
	Factory	1	500K	250K	3	1	700K	200K
Area (10,000km2)		959	33.12	18.1	51.3	32.98	190.45	32
Population(Mn)		1,425	98.9	16.9	71.8	34.3	278.7	117.3
GDP (billion US$)		17,701	433.36	32.17	512.19	430.9	1417.4	435.7
GDP-per capita (US$)		12,541	4,316	1,917	7,298	13,034	5,109	3,859
Min. wage US$ (NTD)		377 (11,687)	205 (6,355)	204 (6,324)	318 (9,858)	326 (10,106)	125 (3,875)	243 (7,533)
Social security(Co.)		26.66~ 28.02%	21.5%	4.1%	5%	13.95~ 14.95%	10.24~ 11.74%	12%
Corporate income tax		25%	20%	20%	20%	24%	22%	25%
Personal income tax (MAX)		45%	35%	20%	35%	30%	30%	35%
VAT/GST		13%、9%	10%	10%	7%	5~10%^⑤	11%	12%
Withholding tax (Dividend)		10%	0%	14%	10%	0%	20%	25%

Contry Item		Laos	India	Japan	Korea	Singapore	Taiwan	Mexico
Min. Capital (US$)	Reps.	5,000	N/A	N/A	N/A	N/A	N/A	N/A
	Branch	△^③	1	1	1	1	1	1
	Sub.	100K	1	1	89,000	1	1	150
	Factory	500K	1	1	89,000	1	1	150
Area (10,000km2)		23.68	328.72	37.79	9.97	0.07	3.59	196.43
Population(Mn)		7.68	1,428	123.29	51.8	6	23.9	128.5
GDP (billion US$)		14.24	3,732	4,230.86	1,709.23	497.35	751.9	1,811.5
GDP-per capita(US$)		1,879	2,612	33,950	33,147	87,884	32,340	13,804
Min. wage US$(NTD)		82 (2,542)	116 (3,596)	1,876 (58,156)	1,572 (48,732)	1,500 (46,500)	892 (27,652)	440 (13,640)
Social security (Co.)		6%	16.75%	15.71~ 25.17%	16.4~ 34.3%	17%	19.24%	32.95~ 43.93%
Corporate income tax		20%	22%	21.37~ 33.58%	10~22%	17%	20%	30%
Personal income tax (MAX)		25%	30%	45%	45%	22%	40%	35%
VAT/GST		7%	5-28%	10%	10%	9%	5%	16%
Withholding tax (Dividend)		10%	20%	20%	20%	0%	21%	10%

①	△ = Restricted industries
②	Min. wage of China is in Shanghai; Vietnam in HCM; Indonesia in Jakarta; India in New Delhi; Philippines in Manila.
③	Only Bank, consulting firm, airline, insurance, tourism and other enterprises are allowed to set up Branch in Laos.
④	Subsidiaries and factories must be registered at IDR 10 billion (US$ 700,000), and paid-in capital of IDR 2.5 billion (US$ 175,000) in Indonesia.
⑤	Sales Tax 5%/10%, Service Tax 8%.