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
Vietnam
UTC +7
Vietnam
A growing opportunity
Overview
Vietnam, a country with long coastlines, is close to principal markets in Asia as well as main shipping routes
Having signed Free Trade Agreements with major economies around the world brought stable growth to Vietnam's economy. Manufacturing and export sector is the key contributors to the country’s GDP. Its 95 million populations are more than an expanding market. With over half of its population at prime working-age, Vietnam can provide a large workforce at competitive labour costs.
Vietnam's is currently experiencing an infrastructure boom and reform. It now has one of the highest internet penetrations in Southeast Asia, new urban rail networks, and expanding regional and international airports. With no capital requirements and low setup cost, Vietnam maybe a once in a lifetime business opportunity.
FX control
None
Language
English
Population
67 Million
Success Rate
Hight
Incorporate time
1 day
Capital Requirement
£12 - 100
Tax & Finance
GDP (USD)
2.9 trillion
Currency
Pound Sterling (GBP)
Corporate Tax
25%
Income Tax
20%
Mandatory Leaves
Maternity leaves
52
Days
Statutory holidays
7
Days
Annual leaves
28
Days
Sick leaves
87
Days
Total: 174 Days
Labour Condition
Maximum Working Hours
48 hours per weeks
Minimum Wage
4.15/Hr