Ways of Incorporating a Company in Singapore While there are a lot of options for foreigners to incorporate a company on various countries, Singapore remains to this day a popular investment destination due to its competitive tax incentives.The great thing about Singapore is that new companies are required to pay zero dollars in taxes on the first S$100,000 of chargeable income for the first three consecutive years. Aside from that, there...more
It is important that entrepreneurs who are planning to register a company in Singapore are knowledgeable enough on what things are much needed for the registration. A knowledge in basic requirements will make a big impact in making the process very fast to operate the business as soon as possible. Singapore is one of the business capital countries in the world making them an attraction to all entrepreneurs. Because of this reputation, we would...more
Registering a Company in Singapore For Foreign Entrepreneurs Considered as the most ideal business hub in the Asia Pacific region, Singapore is attracting thousands of foreign companies and individuals every year. For this reason, Singapore government has been initiating several ways like supporting sensible immigration laws to be able to further encourage eligible businessmen worldwide to set up business in the country.For foreign individuals who want to relocate in the country to personally manage their companies, the most important thing they have to do is apply for a work pass visa such as the Employment Pass and EntrePass.For a foreign individual to obtain an Employment Pass one must have a degree in college from a prestigious institution and possessed a comprehensive skills in business. EP is a special pass given only to high-ranking individuals in the company such as managing directors and other foreign professionals.Contrary to Employment Pass, an EntrePass is a pass given to employees who have no degree in college but compensate the absence of such through acquiring business background and skills that is useful to make them become successful in their business...more
The Singapore Registrar of Companies made certain that Company registration Singapore procedures are completely computerized. The said computerization enables the process of incorporation fast and efficient because it abolished the prevalence of bureaucracy and red tape present in other systems. In normal cases, company incorporation is estimated...more
Both local and foreign entrepreneurs and companies should be knowledgeable on all information needed before and after Singapore company registration. To have a fast business operation, knowledge about registration process is important. Singapore is one of the business capital countries in the world making them an attraction to all entrepreneurs....more
Singapore is popular for its attractive tax rates, positive and pro-business policies. Singapore taxes are much lower than most other developed nations and over the years, it has continued to slide down further. Taxes vary for a resident Singapore company and a non-resident Singapore company. The body responsible for administering, assessing and collecting Singapore tax is the Inland Revenue Authority of Singapore (IRAS).A company is considered tax resident in Singapore if the control and management of its business is exercised from Singapore. A Singapore branch of a foreign company is generally not treated as a Singapore tax resident since the control and management is vested with an overseas parent company.These are some of the common benefits enjoyed by a resident Singapore company, which a non-resident would not. It includes the following: Benefits conferred under the Avoidance of Double Taxation Agreements (DTA) that Singapore has concluded with treaty countries.Tax exemption on foreign-sourced dividends, foreign branch profits, and foreign-sourced service income under section 13(8) of the Income Tax Act.Tax exemption scheme for new start-up companies.Singapore resident...more
With Singapore company incorporation, there are many options to consider. Some important things will be considered. Given below are some of the most asked questions.1. Should I appoint a secretary?Absolutely, a company should always have a secretary...more
Guide on How to Register a Singapore Company Due to the efficiency of the computerized business registration process it is much easier for many foreigner businessmen to start up a new company in Singapore than in most other countries. In fact,...more
Singapore is filled with different kinds of business from different fields like banking and insurance and also mixed with art and some bar industries. According to the Singapore Economic Development Board, more than 7,000 multinational companies have...more
Great Scott! Adam seals it in Singapore Great Scott! Adam seals it in Singapore Many people questioned why Adam Scott was made favourite to win the Singapore Open this weekend.Understandable, as the Australian has only one once this year...more
Singapore's Top 5 Museums Fashionistas and shopaholics have been trooping to Singapore for years, lured by its many shopping malls that offer every brand, and labels that fulfill the (shopaholics') hearts' desires. But while I do enjoy...more
An Overview on the Process of Forming a Singapore Company A company is a type of business formation which stands on its own as a legal entity separate from its owners, or more correctly referred as shareholders.For businessmen who want to...more