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In Singapore, the regulatory authority is the Monetary Authority of Singapore , and in Hong Kong, it is the Securities and Futures Commission . In many nations, it is tough to compile all the legal guidelines that may have an result on a business right into a single reference source. In most international locations, there are laws that treat small companies in another way from large ones. They may be exempt from certain authorized filing necessities or labor laws, have simplified procedures in specialized areas, and have simplified, advantageous, or barely totally different tax treatment. Private profit-making businesses are different from government-owned bodies.

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