Want to start a company in Hong Kong? See how Statrys can help

7 Best Countries to Start a Business As a Foreigner [2026]

2026-03-23

9 minute read

A global business illustration showing a man with a store. The background is a simplified map of the world, emphasising international trade.
Bertrand Théaud Founder of Statrys

Written by Bertrand Théaud, Founder of Statrys

10+ years building payment infrastructure and company formation services for SMEs operating across Hong Kong, Singapore, and broader Asian markets.

Last reviewed March 2026.

Key Takeaways

Hong Kong is among the fastest jurisdictions to reach full operational status remotely. 96% of Statrys clients have their account open within 3 business days of incorporating, with no in-person visit required.

The right jurisdiction depends on where your customers and suppliers are: Hong Kong and Singapore give you direct access to Asian markets; the UK and UAE give you European and Middle Eastern reach.

Beyond tax rates, the deciding factor for most founders is whether they can manage the company entirely from abroad. Hong Kong, the UK, and the UAE all allow this without a local director.

Setting up a company abroad as a foreign founder is a practical infrastructure decision, not a theoretical one. At Statrys, we've supported over 10,000 businesses through this process, and the jurisdictions that work best are rarely the ones with the lowest headline tax rates. They're the ones where you can be fully operational remotely, stay compliant without a local team, and open a business account that your clients and suppliers accept internationally.

This guide covers seven jurisdictions that work well for international founders. For each one, we've focused on the questions that actually determine whether the structure works in practice: Can you manage it entirely from abroad? How long until you're operationally live? What does ongoing compliance actually require?

box icon

Disclosure: Statrys provides company incorporation, business accounts, and accounting services in Hong Kong and Singapore, two of the seven jurisdictions reviewed in this guide. Our assessments of these two markets draw on our experience supporting 10,000+ SMEs through incorporation and account opening since 2020, and reflect patterns from real client cases.

All other jurisdictions are assessed based on publicly available information current as of March 2026. We have made every effort to present an accurate, practical assessment of all seven countries.

Not sure where to start your company?

Hong Kong is one of the easiest places to launch. Statrys can handle your setup, from registration to business account support.

10% discount promotion for Statrys company registration service in hong kong

Quick Comparison of Key Requirements for Foreign Founders

Before looking at each country in detail, the table below highlights practical differences that usually affect non-residents. Countries marked without a local director requirement can be managed entirely from abroad without appointing a local intermediary.

Country Remote incorporation possible Local resident director required Typical total setup costs Annual government filings
Hong Kong ✔️ HKD 6,000–12,000 Annual return + Audited Financial statements + Tax return
Singapore ✔️ ✔️ SGD 2,315–5,315 Annual return + Accounts + Annual general meeting
New Zealand ✔️ ✔️ NZD 900–2,000 Annual return (no public accounts filing)
United Arab Emirates (UAE) ✔️ AED 5,500 – 21,000 Licence renewal, Corporate tax return on income exceeding AED 375,000, Financial statements
Switzerland ✔️ CHF 1,500–3,500 Accounts (audit only if large), Corporate tax return
Canada ✔️ In certain cases CAD 1,700–3,360 Annual return + Corporate tax return
United Kingdom ✔️ £1,500–3,100 Confirmation statement + Accounts + Corporate tax return

Note: The table is based on publicly available information and Statrys operational experience as of March 2026. Setup costs are indicative and depend on the service provider and package selected.

Top 7 Countries for Foreign Entrepreneurs to Start a Business in 2026

1

Hong Kong

Hong Kong for business

Best for: Foreign founders who want the fastest path to full operational status in Asia, with direct access to Mainland China and broader Asia-Pacific markets.

Hong Kong is one of Asia's most practical jurisdictions for foreign founders. There is no local director requirement, 100% foreign ownership is allowed, and the entire setup process can be completed remotely through a licensed service provider such as Statrys.

In our experience supporting European founders through Hong Kong incorporation, the process itself is rarely the friction point. The more common challenge is understanding what comes immediately after: which account provider to use, what the first-year compliance timeline looks like, and how to structure the company correctly from the start. Getting these right early avoids the cost of restructuring later.

green-lightbulb

Tip: Want to take the next step? Check out our full guide on how to set up a company in Hong Kong.

Here’s a closer look at what to expect:

Factor Details
Company registration ✅ Fully online via Companies Registry e-Services
⚡ Certificate typically issued within 1 hour
In-person filing also available (typically 4 working days)
Ownership ✅ 100% foreign ownership allowed
Requirements • No local director required
• Must appoint a Hong Kong company secretary and a local registered address
Corporate taxation • 8.25% on first HKD 2 million of profits, 16.5% thereafter
• Only Hong Kong–sourced income is taxed (territorial system), with 0% tax on eligible offshore income.
Incorporation cost An average of HKD 9,474, including government fees (from HKD 3,920), local company secretary service, and a registered address.

Foreigners using a service provider typically pay about HKD 8,000 to 12,000 for the first year.
Ongoing costs Business Registration Certificate renewal: HKD 2,200 per year or HKD 5,720 for a three-year certificate
Annual company secretary (about HKD 1,200 to 3,000)
A registered address service (if required)
Annual audit required for all companies
Business account access Banks: Most require in-person verification
Fintechs (e.g. Statrys): Some support remote onboarding for non-residents
Approval depends on business profile, sector, nationality, and ownership structure
Visa and relocation options No visa needed to incorporate or short-term visits
Investment as Entrepreneur visa typically approved in 4–6 weeks if relocating
❌ Visitor visa doesn’t allow managing or joining business full-time
Additional considerations • Government incubators (Cyberport, HKSTP) offer grants, mentorship, and subsidised office space
• Key sectors: Finance, ecommerce, logistics, professional services
• English widely used in legal and business settings
• Skilled workforce available; salaries are mid to high by regional standards
• Cost of living is relatively high, especially for rent and office space
pin-green

Need help with choosing a service provider? We’ve compared the best company incorporation services in Hong Kong to help you get started with confidence.

Ready to launch your business in Hong Kong

Statrys takes care of your company registration, address and secretary—all in one package

10% discount promotion for Statrys company registration service in hong kong

2

Singapore

Singapore for business

Best for: Entrepreneurs looking for a well-regulated Southeast Asian base with strong startup support and tax incentives, particularly in innovation-driven industries.

Singapore is the right choice for founders who need a Southeast Asian base with strong institutional credibility, particularly for fintech, professional services, and any business that requires regulated banking infrastructure.

Unlike Hong Kong, Singapore requires at least one locally resident director. This is a straightforward requirement to meet through a nominee director service. Statrys provides this as part of its Singapore incorporation package, and it does not affect day-to-day operational control of the company.

For clients choosing between Hong Kong and Singapore, the deciding factor is usually market focus. Hong Kong is the stronger base for founders whose primary relationships are in Mainland China or across the wider Asia-Pacific trade network. Singapore is the stronger choice for founders whose clients, suppliers, or operations are concentrated in Southeast Asia.

Here’s a closer look at what to expect:

Factor Details
Company registration ✅ Fully online via ACRA’s BizFile portal
⚡ Typically completed in 1–2 days (name approval + registration)
Ownership ✅ 100% foreign ownership allowed
Requirements • One local director (Singapore Citizen, PR, or valid work pass holder)
• Registered local address and local company secretary required
• It’s mandatory to appoint a corporate service provider or a professional filing agent to complete the registration if you don’t have a Singpass or if any position holder is a foriegner.
Corporate taxation • Flat 17% Corporate tax rate
• Foreign income is generally taxable when received in Singapore (for example, when remitted), with exemptions and reliefs available in some cases.
📌 Start-Up Tax Exemption: 75% off first SGD 100,000 profit + 50% off next SGD 100,000 (first 3 years)
Incorporation and ongoing costs • Registration fee: SGD 315
• Compliance package (incl. secretary + address): SGD 2,000–5,000/year
• Audit exemption for small companies
Business account access Banks: Most require in-person KYC
Fintechs (e.g. Statrys): Some support remote onboarding for non-residents
Approval can vary based on your business model, passport, and perceived risk profile
Visa and relocation options No visa needed to incorporate
EntrePass typically approved in ~8 weeks for startup founders
❌ Visitor visa doesn’t allow managing or working in the business
Additional considerations • Strong government support for startups: grants, incubators, and tax perks
• Key sectors: Fintech, biotech, advanced manufacturing, logistics
• English used in all official business matters
• Highly skilled workforce; salaries and cost of living are high by regional standards
green book

Still choosing between Hong Kong and Singapore? Read our detailed breakdown to see which one fits your business better.

Set up in Singapore with Statrys

Get quotes from trusted local firms to simplify compliance and tap into tax perks.

Back to business promotion for company creation services in Singapore

3

New Zealand

New Zealand for business

Best for: Founders who want a simple, low-cost setup with no local shareholding requirements and strong R&D support, especially in agritech, biotech, and green tech.

New Zealand offers a clear, low-bureaucracy setup process. Although its standard 28% corporate tax rate is relatively high compared to some other jurisdictions discussed here, it’s still attractive for founders who prioritise simplicity, strong R&D support, and access to nearby markets like Australia and Asia.

You can register your company fully online, and 100% foreign ownership is allowed. If you’re based abroad, you’ll need a local director, which is often arranged via nominee services. The country has a flat corporate tax rate, no general capital gains tax, and generous R&D funding through agencies like Callaghan Innovation.

Here’s a closer look at what to expect:

Factor Details
Company registration ✅ Fully online via the Companies Office portal (RealMe)
⚡ Incorporation usually completed in 1–2 days
In-person filing available through local agents if preferred
Ownership ✅ 100% foreign ownership allowed
Requirements • At least one director must be resident in New Zealand or Australia
• Local registered office + service address required
• Foreign directors do not need to relocate unless they plan to work in New Zealand
• Foreign directors need a valid work visa to serve officially
Corporate taxation • Flat 28% corporate tax rate
• No general capital-gains tax
📌 R&D Tax Credit: 15% refundable on eligible spend
Incorporation and ongoing costs • Name + registration: NZD 148.05
• Compliance services: NZD 2,000–4,000/year
• Audit exemption for most small companies
Business account access Banks: Require in-person KYC (a local intermediary can assist)
Fintech: Some support remote onboarding for non-residents
Approval depends on business model, nationality, and risk profile
Visa and relocation options ✅ Business Investor Work Visa available — requiring a minimum investment of NZD 1 million (3-year pathway) or NZD 2 million (12-month fast-track).
✅ Active Investor Plus residence visa available for higher-value investors (minimum NZD 5 million or NZD 10 million, depending on category)
❌ Visitor visa does not permit running a business
Additional considerations • Government incubators and R&D grants via Callaghan Innovation and NZTE
• Key sectors: Agritech, biotech, sustainability, education, tourism
• English is the working language; legal system is common-law
• Skilled workforce; salaries and cost of living are high by regional standards
• Geographic distance means longer shipping times and less real-time overlap with Europe/US
yellow pin

Note: Nominee Director ≠ Day-to-Day Control
If you appoint a nominee to meet residency rules, they typically won’t manage your business operations. However, you should have clear agreements in place to define their responsibilities and protect your ownership rights.

4

The United Arab Emirates (UAE)

UAE for business

Best for: Entrepreneurs seeking a low-tax setup with no local ownership restrictions and a strategic base to reach the Middle East, Africa, and South Asia.

The UAE supports fast, flexible business setup through over 40 free zones and an online-first registration process. Most founders can get a trade licence in 1–3 days, with zero personal income tax and no local partner needed. Free zones allow 100% foreign ownership, and government-backed incubators offer discounted packages for startups. Combined with long-term visa options and world-class logistics, the UAE is a strong option for international founders expanding into emerging markets.

yellow lightbulb

Tip: Looking to incorporate in the UAE? Explore our UAE company setup guide

Here’s a closer look at what to expect:

Factor Details
Company registration ✅ Fully online via Basher (mainland) and most free zones
⚡ Registration typically completed in 1–3 days
Ownership ✅ 100% foreign ownership allowed (mainland + free zones)
Requirements • No local partner required
• Registered UAE address required
Corporate taxation • 0% on taxable income up to AED 375,000
• 9% flat rate above that
• Qualifying free-zone companies may continue to benefit from 0% on qualifying income if substance requirements are met
Incorporation and ongoing costs • Licence fee: AED 1,000–5,000 depending on zone or package
• Office and visa costs add ~AED 10,000–20,000/year
• Audit required by some free zones or banks
Business account access Banks: Often require UAE residency and office lease for in-person KYC
Fintechs: Limited remote options for SMEs; onboarding depends on nationality and activity type
Visa and relocation options No visa needed to incorporate
✅ Investor and Green Visas available (5–10 years)
❌ Without a visa, you can’t reside in the UAE long-term (even if you own a company)
Additional considerations • Strong digital infrastructure (UAE Pass, e-signatures)
• Incubators like Area 2071 and Hub71 offer grants and visa support
• Key sectors: logistics, tourism, fintech, energy
• English widely used in business
• Geographic distance means longer shipping times and less real-time overlap with Europe/US
magnifying-glass-green

Tip: See how Dubai compares with Singapore or check our Hong Kong-Singapore-Dubai report for a side-by-side breakdown.

5

Switzerland

Switzerland for business

Best for: Founders seeking a high-trust, legally robust European base with strong IP protection, tax benefits, and long-term business credibility.

Switzerland offers a high-quality business environment with stable regulations and a multilingual workforce. You can begin your company registration online, then complete it with a notary, usually within 2 to 4 weeks. Some cantons offer competitive corporate tax rates as low as 12% and additional R&D incentives. While living costs are high, Switzerland remains a top choice for high-tech, finance, and precision industries seeking legal certainty and international prestige.

yellow lightbulb

Did You Know?
The canton of Zug, home to Crypto Valley, offers one of Switzerland’s lowest combined corporate tax rates (around 11.9%) and lets companies pay share capital in approved cryptocurrencies. That blend of low tax and crypto-friendly policy is unique in Europe and has attracted over 1,000 blockchain and fintech start-ups.

Here’s a closer look at what to expect:

Factor Details
Company registration ✅ Online submission via EasyGov
Finalised with notary signing (typically completed within 2–4 weeks)
Ownership ✅ 100% foreign ownership allowed
Requirements • Must appoint at least one Swiss-resident director or manager
• Local registered office address required
• Mandatory share capital: CHF 20,000 (GmbH)
Corporate taxation • Federal tax: 8.5% on profit after tax
• Combined federal + cantonal rate: approx. ~12–22%, depending on location
• R&D perks available in select cantons (e.g. patent box, additional deductions)
Incorporation and ongoing costs • Notary and registration fees vary, typically depending on share capital and canton
• Bookkeeping and compliance: costs vary
• Annual audit required for large companies only
Business account access Banks: In-person KYC required to open account and deposit share capital
Fintechs: Some require local identity verification
Visa and relocation options • EU/EFTA nationals may live and work freely
• Non-EU founders need a cantonal permit, approved case-by-case based on business impact
• Remote ownership is allowed, but operating the business may require travel or local presence
Additional considerations • Multilingual environment: German, French, and Italian are official languages
• English widely used in business
• Startup support available via Innosuisse, Venturelab, and cantonal agencies
• Key sectors: biotech, medtech, manufacturing, finance, blockchain
• High living and talent costs, balanced by infrastructure and legal certainty

6

Canada

Canada for business

Best for: Founders who want straightforward online incorporation, generous R&D tax refunds, and tariff-free access to the United States and Mexico.

Canada offers a strong legal and business environment, with English-language support available nationwide. You can register a company online in just a few days. Several provinces don’t require a local director, which gives foreign owners more flexibility. Canada’s membership in USMCA allows businesses to enjoy streamlined access to US and Mexican markets. While costs in major cities like Toronto can be high, especially for office space and talent, the combination of market access, regulatory clarity, and one of the world’s most generous R&D refund schemes makes Canada a compelling base for global founders.

box icon

Tip: Pick a Province That Suits Your Plans
If you're not relocating, provinces like British Columbia and Alberta offer a smoother path. They don’t require a local director and support fully online registration. This makes them ideal for founders setting up from overseas.

Here’s a closer look at what to expect:

Factor Details
Company registration ✅ Fully online at the federal or provincial level
Filed via Corporations Canada or relevant provincial registry
Processing time: 2–5 business days (express options available)
Ownership ✅ 100% foreign ownership allowed
Requirements • At least 25 % of directors present at board meetings to be resident Canadians (and at least one if there are fewer than four directors)
• In many provinces (e.g., British Columbia, Ontario, Alberta, Quebec), there is no resident director requirement for incorporation
Corporate taxation • Federal rate: 15%
• Reduced 9% federal rate on the first CAD 500,000 applies only to qualifying Canadian-Controlled Private Corporations (CCPCs)
• Provincial tax adds approximately 8–12%, depending on location
Incorporation and ongoing costs • Registration fee: CAD 200–360
• Accounting & annual filings: typically CAD 1,500–3,000 per year
• Audit required only if size thresholds are exceeded
Business account access Banks: Require in-person identity verification and may require a Canadian presence
Fintechs (such as Wise or Payoneer): Require Canadian ID or proof of local address
Visa and relocation options No visa required to incorporate remotely
Start-up Visa (SUV) offers permanent residency for innovative businesses backed by a designated VC, angel group, or incubator
Provincial entrepreneur streams also available
Remote ownership is allowed, but working locally requires a valid visa
Additional considerations • Strong English and French support
• SR&ED programme credits can reach up to 35% for eligible CCPCs and 15% for foreign-controlled companies
• Key sectors: AI, cleantech, agri-food, aerospace, natural resources
• High living costs in major cities; more affordable options available in secondary cities like Calgary or Halifax
pin-green

Important: If you plan to claim Canada’s R&D refund (SR&ED), make sure to keep detailed technical records and expense logs from day one. Even early-stage firms can get sizable refunds, but only if proper documentation is in place.

7

The United Kingdom

UK for Business

Best for: Entrepreneurs seeking a globally recognised jurisdiction with fast setup, legal clarity, and access to talent and capital in Europe.

The United Kingdom allows full foreign ownership and offers one of the fastest incorporation processes worldwide. Most founders can incorporate a private limited company online in just one day via the government portal. There’s no minimum capital, and you don’t need to be a UK resident to start.

The country provides access to European markets, a skilled workforce, strong IP protection, and deep funding networks, especially in fintech, healthtech, and creative sectors like gaming and design. Generous tax schemes can refund R&D costs or give investors up to 50% tax relief, helping attract early-stage capital. While London is expensive, more affordable startup hubs are emerging in cities like Manchester, Leeds, and Birmingham.

green-lightbulb

Planning to Start a UK Company? Get step-by-step guidance in our UK Business Setup Guide, or compare top UK company formation agents to help you register your business smoothly from overseas.

Here’s a closer look at what to expect:

Factor Details
Company registration ✅ Fully online via Comapnies House
⚡ Most Ltd companies are approved within 1 business day
Paper filings also accepted but take longer
Ownership ✅ 100% foreign ownership allowed
Requirements • No UK resident director required
• Must provide a UK registered office address (can use formation agent or virtual office)
Corporate taxation • 19% small profits rate (profits ≤ £50,000)
• 25% main rate (profits ≥ £250,000), with marginal relief in between
• R&D tax credits and SEIS/EIS incentives available for qualifying startups
Incorporation and ongoing costs • Incorporation fee: £100 via Companies House (from 1 Feb 2026)
• Basic compliance: £1,500–3,000/year (including filings)
• Audit required only for large companies
Business account access Banks: Usually require a UK address or in-person ID verification
Fintechs (e.g. Revolut, Tide): Many support remote applications, subject to approval
Visa and relocation options No visa needed to incorporate
✅ Innovator Founder visa available for scalable businesses backed by approved endorsers
❌ Visitor visa doesn’t allow for running a business
Remote ownership is allowed, but working for or managing the business in the UK requires a valid visa
Additional considerations • Common-law legal system with strong IP protections
• Key sectors: fintech, AI, gaming, design, healthtech
• London is costly, but cities like Leeds or Birmingham offer cheaper alternatives
yellow pin

Note: UK Tax Incentives Can Help You Raise Funds
Early investors in SEIS/EIS-approved companies can claim back up to 50% of their investment. This lowers the risk and makes your startup more attractive to angel backers and early-stage VCs.

Why Hong Kong or Singapore for Asian Market Entry

If your business involves clients, suppliers, or operations in Asia, Hong Kong and Singapore offer advantages that no other jurisdiction on this list can match. Both allow full foreign ownership, full remote management, and fast incorporation. The practical difference comes down to your specific market focus and banking needs.

Hong Kong gives you direct proximity to Mainland China and the wider Asia-Pacific trade network. It is the preferred structure for trading companies, import-export operations, and any business that routes payments across Asian markets. Since 2020, Statrys has incorporated over 1,600 companies and supported 10,000+ businesses in Hong Kong and Singapore, and the pattern is consistent: founders with China-facing operations choose Hong Kong first.

Singapore gives you a base within Southeast Asia itself. It is the stronger choice for founders whose primary markets are in ASEAN, and the preferred jurisdiction for businesses that need institutionally-regulated financial infrastructure or plan to raise institutional funding in the region.

yellow lightbulb

Tip: Always consult a tax advisor in both your home country and your target country to understand your full obligations, including double tax treaties.

Final Note

The jurisdictions that work best for international founders are the ones where the practical infrastructure, incorporation, banking, and ongoing compliance, can be managed entirely from abroad. For founders building toward Asia, Hong Kong and Singapore offer that combination in full. For founders targeting Europe, the UK provides it with the added benefit of proximity to European markets. If you are ready to move from evaluation to implementation, Statrys can handle the setup end-to-end, from company registration to business account to annual compliance, in Hong Kong and Singapore.

Register your Company in Hong Kong

One package, all included. Everything you need to get your business started.

10% discount promotion for Statrys company registration service in hong kong

Was this article helpful?

Yes

No

FAQs

Which country is best to start a company as a foreigner?

Hong Kong is the best choice for founders who want fast, fully remote setup with direct access to Asian markets. It allows 100% foreign ownership, requires no local director, and 96% of Statrys clients have their business account open within 3 business days of incorporating. Singapore is the better choice if your primary markets are in Southeast Asia or if you need institutionally-regulated financial infrastructure. For founders targeting Europe, the UK offers the fastest incorporation in Europe with no minimum capital and no residency requirement.

Where is the most affordable place to establish a business?

Which country is best to establish an LLC?

What is the easiest country to move to and start a business?

Can I open a Hong Kong business account without visiting Hong Kong?

How long does it take to be fully operational after incorporating in Hong Kong?

What are the annual compliance requirements for a Hong Kong company owned by a non-resident?

Get your Hong Kong business account open in a few days

  • icon

    100% online application

  • icon
  • icon
dashboard statrys 2026