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Does anyone have experience in setting up a company for dropshipping in Singapore? (6)

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We’re planning to open a company in Singapore for dropshiping business and I’m looking for a consulting / good lawyer to help us with organization business there. Just thought maybe somebody could help / recommend a lawyer for such type of business? Obviously that's not easy question so we're ready to pay for the consultation.

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Any reason why Singapore specifically? You’ll have to pay to appoint a director, fly over to open a bank account etc. Most the banks don’t provide usd cards either (at least OCBC doesn’t), plus is not tax free vs HK...

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Basically there are two main reasons:

1. Stripe works there
2. There are privileges for a new registered company with taxes - for earnings up to $300k tax rate is just 5,7% for the first 3 years. Afterwards it will be 17%, so it's less than in EU and USA.

- you need to fly over to open a bank account almost in any county (USA or Europe), correct? It seems more profitable to have less taxes and pay to appoint a director & fly a couple times there.

Also we're considering HK as well but it takes almost two month to open company & bank account there instead of two weeks in Singapore.
I understand, Singapore is not perfect, but do you know other country with Stripe support and low tax rate?

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Malta is in the EU and it has low corporate tax. No own experience for how difficult it is to get yourself setup there, but it's a popular EU country for business setups.

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Thanks for the recommendation, will check it. But as I see Stripe doesn't work there and it's one of our criteria.

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Oh wow, I actually had no idea. Seemed so obvious that it just works anywhere in the EU. My bad!

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