Why Singapore Companies Are More Stable Compared To Others

Comfortable company registration, favorable corporate laws

, reasonable tax rates and incentives, full government support and absence of red tape in business processes, applications and operations are some of the major reasons why Singapore companies are more established and stable compared to others.

Any entrepreneur who decided to form a Singapore company have already discovered and recognized the business potential of the country. These entrepreneurs recognized that Singapore has a remarkable worldwide status as Asias Most Business Friendly Country. The country remained to be the number one choice for business locations worldwide. Singapore was awarded by the World Bank Ease of Doing Business 2010 Report and gave the country a top position in the list of Worlds Easiest Place to do Business.

One of the most contributing factors of Singapore companies success is the reasonable tax rates and incentives. For example, new start-up companies pay Zero tax on the first S$100,000 of chargeable income for the first three consecutive years. A further 50% exemption is given on the next S$200,000 of the chargeable income.

Another contributing factor for a Singapore companys success is the availability of excellent infrastructures and use of high technology in every opportunity. Now, we are going to give you a brief overview of the available business structures and important documents needed for Singapore business incorporation.

Singapore business structures:

Branch office: A branch office is an extension of its foreign parent company and is not a separate legal entity. Liabilities extend to the parent company.

Subsidiary: A subsidiary is a Singapore private limited company and is a separate legal entity. Liability is limited to the subsidiary and does not extend to the foreign parent company.

Representative office (RO): A RO has no legal status and is a temporary administrative office meant for conducting market research or co-coordinating activities. Liabilities extend to the foreign parent company.

Business registration documents and basic requirements:

The approved name of your Singapore corporation;

A brief description of the proposed business activities that your Singapore corporation will engage in;

Particulars of the Singapore corporation's directors, shareholders and company

The corporation's Memorandum and Articles of Association (MAA);

Passport copies or Singapore Identity card (IC) copies of proposed shareholders and directors;

Residential address proof of proposed non-resident shareholders and directors; and

Details of the parent company if the shareholder is a corporate body.

by: Shayne Hughes

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