Republic of Korea
UTC +9
Republic of Korea
Overview
South Korea is a country in East Asia, constituting the southern part of the Korean Peninsula. Its economy ranks as the world’s tenth largest by nominal GDP. South Korea has massive investment in education has taken the country from mass illiteracy to a major international technological powerhouse. South Korea was the fifth-largest exporter and seventh-largest importer in the world.
FX control
None
Language
Korean
Population
51 Million
Success Rate
Normal
Incorporate time
8-12 weeks
Capital Requirement
11,953 USD
Tax & Finance
GDP (USD)
1.6 trillion
Currency
Korean Republic Won
Corporate Tax
25%
Income Tax
19%
Mandatory Leaves
Maternity leaves
90
Days
Statutory holidays
14
Days
Annual leaves
15
Days
Sick leaves
0
Days
Total: 119 Days
Labour Condition
Maximum Working Hours
52-68 hours per weeks
Minimum Wage
8590/Hr
Malaysia
UTC +8
Malaysia
The heart of Asia Pacific
Overview
Lying north of the Equator, South China Sea divides Malaysia into two regions. Borders with Singapore, Western Malaysia hosts many multinational companies across industries. It is the primary hub of trade, commerce and manufacturing. East Malaysia, bordering with Indonesia, is plentiful with natural resources like oil palms, oil and gas.
By being next to Malacca Strait, one of the busiest shipping lane in the world. Malaysia's robust manufacturing base has easy access to the global supply chain. Its domestic market benefited from high levels of income, an expanding urban population and 0% GST. Malaysia is a lucrative market connecting north and south pacific.
FX control
None
Language
Malay, English
Population
32 Million
Success Rate
Hight
Incorporate time
7 Days
Capital Requirement
10000 USD
Tax & Finance
GDP (USD)
358.6 bil
Currency
RM (MYR)
Corporate Tax
20%
Income Tax
20%
Mandatory Leaves
Maternity leaves
5
Days
Statutory holidays
12
Days
Annual leaves
7
Days
Sick leaves
7
Days
Total: 31 Days
Labour Condition
Maximum Working Hours
None
Minimum Wage
70/Hr