Singapore is one of the wealthiest countries globally since its governance was built on strong economic ties and financial policies. Hong Kong excels at Cantonese foods. Both countries were under British colonies, [...]
Yes. You will have to incorporate your Singapore business and adhere to all the country’s registry requirements.
You can retain your Hong Kong English business name when relocating to Singapore if it will pass all the incorporation requirements.
There might be personal reasons for relocating one’s business from Hong Kong to Singapore. However, apparently, most people are shifting due to political unrests and protests that sometimes erupt in Hong Kong.
Singapore has a relatively lower corporate tax rates, and its business-friendly environment is also attractive to many foreign investors.