It is always conditional and depends on:

  1. What type of business you are planning to start. 

  2. What kind of liabilities would be exposed to.

  3. Always think of the tax perceptive (as some options do provide incentives for some initial years)

Incorporation in Asia is not expensive and it can be done easily and quickly. The best option for a person is to incorporate and think about future too. The process of opening in Company in not difficult. You could have simple laundry service run through a company instead of sole proprietorship. 

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