Hong Kong | • Simple corporate formation procedures
• Low rate of corporate tax (8.25%, 16.5% two-tiered profits tax regime)
• Bridges to China & core cities of Greater Bay Area
• No GST, VAT, dividend, interest income tax
• Offshore income claim system available
• No.1 Asia-Pacific global financial centre in Global Financial Centres Index (2024)
• No.2 Asia-Pacific in IMD World Competitiveness Ranking (2024)
• No.2 in lowest taxed data centre market (2024)
• No.3 economic quality by Legatum Prosperity Index 2023
• World’s freest economy in economic freedom of the world (2024)
• World’s largest offshore RMB hub (2024)
• World’s busiest cargo airport (2024) |
Singapore | • Simplified business set-up process
• Low rate of corporate income tax (17%)
• Gateway to Southeast Asia
• Audit can be exempted
• Dividend / interest income tax is not required
• Advanced and developed infrastructure
• No.1 in IMD World Competitiveness Ranking (2024)
• No.2 in IMD World Talent Ranking (2024)
• No.1 index of economic freedom (2024)
• No.4 in global innovation index (2024)
• No.5 in global peace index by the Institute for Economics and Peace (2024)
• No.1 EIU’s business environment ranking (2024) |
Taiwan | • CIT is 20%, lower than other developed countries
• Located right next to the East Sea – heart of Southeast Asia
• Top 12 largest economies in Asia
• Supply chain shifts from China to Vietnam
• Attractive for multinational firms by joining 20 FTAs
• No.4 in ASEAN region in the labor force proportion
• Stable political situation
• Vietnam forecast economic growth 8% in 2025
• Vietnam inflation forecast is between 3–4.5% in 2025
• Loan interest rates have dropped to the lowest in the past 20 years |
Vietnam | • CIT is 20%, lower than other developed countries
• Located right next to the East Sea – heart of Southeast Asia
• Top 12 largest economies in Asia
• Supply chain shifts from China to Vietnam
• Attractive for multinational firms by joining 20 FTAs
• No.4 in ASEAN region in the labor force proportion
• Stable political situation
• Vietnam forecast economic growth 8% in 2025
• Vietnam inflation forecast is between 3–4.5% in 2025
• Loan interest rates have dropped to the lowest in the past 20 years |
UAE Dubai | • Lowest corporate tax rate (some qualified activities will be exempted from tax)
• 0% personal income tax
• The UAE’s GDP is projected to grow by 5% in 2025, surpassing the global average of 3.2%
• Dubai welcomed approximately 16 million international visitors, ranking as the fourth most visited city globally
• Abu Dhabi ranked world’s safest city in 2024, Dubai at number four (2024)
• UAE’s non-oil trade hits record high, surpassing USD 952 billion (2023)
• No.10 global soft power index by Brand Finance (2024)
• Dubai ranks among top 10 cities in global power city index (2024)
• The leading financial hub in the Middle East, Africa and South Asia
• 5th place globally in the quality infrastructure index for sustainable development (2024) |
Malaysia | • Simplified business set-up process
• Lower corporate tax rates (17%, 24% based on tiers)
• Central business hub in Southeast Asia with international connection
• Lower start-up costs, labour costs, operating costs, rental rates
• Attractive incentives for foreign investors
• Young, educated and productive workforce |
Korea | • Global FTA network competitiveness
• Known as a logistics hub in Northeast Asia
• World-class communications infrastructure
• Support various government investment incentives
• High R&D investment compared to other countries
• No.6 in global innovation index (2024)
• No.9 in Forbes reserves global ranking (2024)
• No.7 in IMD World Competitiveness Ranking in Asia-Pacific (2024)
• No.5 in economic freedom ranking in the Asia-Pacific region (2025)
• No.6 in IMD World Digital Competitiveness Ranking (2024) |
China | • No.2 GDP in the world by 2024
• No.2 largest economy by 2024
• No.1 import and export volume in 2024
• No.1 in trade surplus ranking by 2024
• No.1 foreign exchange reserve in 2024
• No.1 in overall size of manufacturing industry in 2024
• No.2 in China’s computing power index ranking in 2024
• No.1 in logistics speed & logistics market scale in 2024
• No.1 strongest infrastructure capacity in 2024
• Optimized business environment and convenient digital payments
• No.1 total trade volume of goods by 2024
• No.1 largest group of internet users (more than 1 billion)
• No.1 5G technology, world’s largest number of base stations and user base |
India | • India is one of the largest agricultural product exporters in the world. In April–July 2024, the overall value of agricultural exports stood at USD 15.76 billion
• India ranks 3rd in the global number of scientific publications
• India’s nominal GDP is projected to grow by 10.1% in FY26
• India ranked 40th in the World Competitiveness Index 2024, jumping 3 positions from 43rd in 2021
• International Monetary Fund (IMF) has maintained India’s exchange rate classification as “stabilized” through 2024, acknowledging the country’s efforts to manage currency volatility
• With over 2,400 fintech operating, India is positioned to become one of the largest digital markets
• With rapid expansion of mobile and internet penetration, India’s national stock exchange (NSE) had the seventh-largest market capitalization in the world, with a total market value of Rs. 419.09 lakh crore (USD 4.84 trillion) as of January 22, 2025
• India has been ranked first in grassroots crypto adoption
• India’s foreign exchange reserves stood at approximately USD 885 billion, ranking fourth globally
• India has become the second-largest contributor to public renewable energy projects globally, with 108 million new repositories and 5.2 billion contributions, reflecting its rapid growth as a global tech leader
• Mumbai is ranked as the 9th safest city in the Safe Cities Index
• Fintech sector poised to generate the largest number of future unicorns in India |
