Buy, register or acquire a new or finished company with the help of Confidus Solutions. We provide full business and legal support when starting a new business or purchasing a finished business. Our areas of expertise include commercial law, mergers and acquisitions, contract law, tort law, intellectual property law, tax law, accounting and other business-related services. For more than 10 years, Confidus Solutions has brought together business and legal experts dealing with acquisitions and company registration in more than 150 countries.
Major industries in the country are banking and financial services, construction, real estate services, iron, metals, and steel, information technology, telecommunications, cargo transportation and logistics, chemicals, engineering, tires, glass, aluminum, tourism, biotechnology. The Industrial Production growth rate of Luxembourg is 1.7%.5.3% of population in the country are unemployed. The total number of unemployed people in Luxembourg is 31,287. Luxembourg produces 2,211 GW/h of electricity each year. Luxembourg emits 20.9 metric tons per capita of CO₂. On average, you would pay 1.52 USD for one liter of gasoline in Luxembourg. One liter of diesel would cost 1.06 USD.
Labour The total labor force of Luxembourg is 284,790 people, wherein 2% are working in agriculture, 17% are working in industry, and 81% are employed in services. People in Luxembourg speak the German, French, and Luxembourgish languages.
In terms of political and civil liberties, Argentina is 1. Citizens in Argentina experience total freedom. The majority of countries where citizens enjoy wide civil liberties and political liberties are representative democracies, where officials are directly elected by the citizens to advocate for their needs and wants. Free countries are often empowered by healthy economies and well-functioning governments. The companies of Argentina are 5 in terms of economic freedom. Citizens in Argentina are not considered free in their economic decisions. The government prohibits citizens from all economic activities, and some illegal business activities are punishable by imprisonment or even death. Investors should avoid countries that are not economically free as the risks do not justify any potential gain. In terms of journalistic freedom, Argentina's media are in a 3. In Argentina, journalists face a very serious situation. Censorship rules all publications and the government controls most of the media. Journalists who express opinions against the government can be punished with fines, imprisonment or death.
As each individual result is based on the background and experience that created it, it may be helpful to take a quick look at already established startup companies in that geographic area before starting to explore the most popular and effective jurisdictions for incorporation in to describe Asia.
Asia is leading the growth in technology investment, defying the dismal numbers for other parts of the world with economic powerhouses in China and India. The most popular business areas or business trends in this region today are: E-Commerce, Marketplaces, Financial Technologies, Transportation, Biotechnologies, Computing Technologies, Internet Infrastructure and Enterprise Business Solutions Area. These sectors accounted for about 30% of VC investments a few years ago.
Market leader in Asia Each of these areas has its leader in terms of business performance and funding. For example, e-commerce site Lazada was valued at $1.3 billion with total funding of $686 million. Ride-hailing cab application Grab has received $680 million in funding. There are other Asian startups that have really great potential: Zalora (e-commerce sector, fashion industry); PropertyGuru (real estate business); Elevenia (e-commerce area, marketplaces and platforms); M-DAQ (fintech area); Tokopedia (e-commerce section, consumer-to-consumer marketplace); Qoo10 (e-commerce section, business-to-consumer marketplace); Capillary Technologies (cloud-based customer loyalty platform for retailers); Aslan Pharmaceuticals (biotech company); IcarsClub (peer to peer car rental platform) and other companies. Most of these startups are formed in Southeast Asia in countries like Singapore, Malaysia, India, China, United Arab Emirates and Indonesia. These can be considered as the top 6 jurisdictions for company formation in Asia.
Singapore This country has one of the best startup ecosystems in Asia Pacific. Today, around three and a half startups are active there. It is a well-known business center that is home to the headquarters of Uber, Facebook and Google. Therefore, the main areas of development include e-commerce, social media and gaming. It is a perfect place for e-commerce development as 9/10 of its citizens have access to a smartphone. Only half of Singapore's potential startup clients live abroad.
Indonesia This jurisprudence is more cooperative compared to other countries. There is also a large flow of investors in the country entering the market. For example, Jakarta gathers investors around the world focused on e-commerce, travel and lifestyle.
Malaysia The country has had special programs for startups since 2013, which support them and help entrepreneurs by equipping them with skills, networks and the necessary knowledge. These programs are the largest startup accelerators in this region. It is also perfect for developing and nurturing foreign talent. Hence, Malaysia has a really supportive government. Incidentally, the cost of living in Malaysia is significantly cheaper than in Singapore. Another advantage is that the country has a good test market, which is slightly larger than the Singapore market.
China Beijing is one of the best startup cities in Asia along with Hong Kong, which is seeing global growth in startups across various industries such as fintech, hardware, and e-commerce. The second has about 2,000 small and large startups. China also has a tax break program for startups. Annual tax deductions are around $1,500 million. They are usually awarded to companies set up by previously unemployed workers and university graduates. Currently, the country operates about 1,500 business incubators created by the Ministry of Science and Technology. It is conducted as part of the 27-year Torch program, which provides policy, consulting and financial services to high-tech companies.
India India has about 5,000 operational startups established in cities like Bangalore, Delhi, Mumbai and others. New projects are actively funded, consolidated, growing financially and evolving in the technical sense. India is making a revolution in this business field that is fundamentally changing the way markets work today. There are some estimates by the Internet and Mobile Association of India showing that India has 500 million internet users worldwide in 2017. This place also has a lot of high-calibre talent, a larger number of investors willing to invest in potentially successful projects, rather affordable real estate prices, support from experienced professionals, and a supportive government.
Once the preliminary steps have been completed and all relevant decisions have been made, it is time to start registering the company. This process varies greatly by jurisdiction, so we can only provide general guidelines here.
First, contact your lawyers and start drafting the necessary documents. Most incorporation documents should be signed in front of a notary public, with signatures notarized (and apostilled if necessary). Document creation usually takes between one and five days. Also remember that the initial deposits into the company's equity must be made before filing the documents with the commercial register. Banks usually open a temporary bank account solely for the purpose of depositing equity.
After all documents are created and signed, they must be filed with the local trade register. The business register examines the documents to determine whether they comply with national laws and regulations and to ensure that the proposed shareholders and directors are free from registered restrictions. Company registration usually takes between three and 14 days, depending on the country.
In terms of political and civil liberties, Norway is 1. Citizens in Norway experience complete freedom. The majority of countries where citizens enjoy wide civil liberties and political liberties are representative democracies, where officials are directly elected by the citizens to advocate for their needs and wants. Free countries are often backed by healthy economies and well-functioning governments. The companies of Norway are 2 in terms of economic freedom. Citizens in Norway are considered to be largely free in their economic decisions. While the government exercises some control over trade, citizens can still control their own finances and property. Corruption may exist, but it does not greatly impede economic growth or freedom. In terms of journalistic freedom, Norway's media is in a 1. In Norway, journalists are generally allowed to express a variety of opinions and there are a range of news sources. However, the government can criticize or disapprove of certain subjects or publications. This is considered satisfactory.
Malaysia's logistics performance index is 3.59. It indicates satisfactory performance - in general, traffic is handled well, some shortcomings in certain areas are possible, but overall the logistics system is reliable and ready to handle predictable traffic volumes.
Customs performance is rated at 3.37. This indicates satisfactory performance - the customs clearance procedure is generally effective, although a long time can occasionally be a problem; the customs system certainly does not discourage international business activities; required documents and fees are generally publicly available.
Infrastructure quality in Malaysia is rated at 3.56. It indicates a satisfactory quality - roads, railways, ports and other facilities are capable of handling significant traffic at any time, and are also suitable for various types of transport vehicles and ships.
International shipping quality is 3.64. It indicates satisfactory performance - the services are reasonable and the prices are not too high and usually correspond exactly to the quality, although there is still room for improvement.
The competence of logistics service providers is rated at 3.47. The providers are competent - they ensure a good quality of their services and almost always maintain this level; Deficiencies, while still possible, are usually minor and do not discourage further use by providers.
Tracking options for shipments are rated at 3.58. It indicates satisfactory performance - the tracking systems provide all the basic information, as well as additional data about shipments; Mostly it also has a well-established cooperation with foreign and international tracking systems and usually offers information in several languages.
Tracking options for shipments are rated at 3.92. This indicates good performance - shipments almost always arrive within scheduled time frames and often faster than expected.
In Malaysia, 100% of the population has access to electricity. Malaysia has 114 airports nationwide. There are 422,470 internet hosts in Malaysia.
Road network The total road length in Malaysia is 144,403 km (89,747 miles). Of these, 1,821 km (1,132 miles) of roads are classified as freeways, dual carriageways, or freeways.
Gas price On average, a liter of petrol costs USD 0.68 in Malaysia. A liter of diesel would cost $0.43.