Where is the best place for UK companies to set up shop in Asia post-Brexit?

British companies must “go out and get the business” in Asia post-Brexit to ensure the future prosperity of the UK economy says British finance minister Philip Hammond.

A quick statistic: 60% of the Earth’s population lives in Asia.

Another — average GDP growth across the region for the past 5 years is over 6%.

These are two very solid reasons to set up shop in Asia.

The are issues, like:

  1. Where to start?
  2. Where is the best place to set up shop?
  3. What are the lowest corporate tax rates?
  4. Where are the best banks?
  5. Where are the laws straightforward?
  6. Will I understand what’s going on?
  7. Do they speak English?
  8. Who are my partners going to be?

The answer to most of the above starts in a small city state, sandwiched between Indonesia and Malaysia.

Singapore comes at the top of most lists and is a second home to many UK companies wanting to conduct business in Asia. The Lion City, as it’s colloquially known, benefits from very straightforward, U.K. inherited, laws and a transparency and is rated number 7 in the world. And setting up a company, with world-class banking and accounting is straightforward and efficient.

Singapore’s geographical location makes it very handy as a jump off point for the surrounding region – Jakarta and Bangkok are around two hours flight and cities in China, India and the Philippines are less than four hours away,

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