Initial Responsibilities On How To Start A Singapore Company

By Author: Daniel Yio
Total Articles: 6
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Singapore is one of the best places in the world as seen by most foreign investors. Singapore known as high priority for the best quality of life in Asia and around the world. High technology is used, continuous technological advances and all the equipment that brings comfort to residents, tourists and especially foreign investors. Singapore is also one of the fastest growing economy in the world than the 17.9% growth in GDP in the first half of 2010. To back up all the attractions in Singapore, we have the necessary information for foreign entrepreneurs and companies who have decided to start a business in Singapore prepared. Please read on and discover the world class ski shop in Singapore.

The first thing is corporate tax in Singapore, where new start-up companies do not pay taxes on the first $ 100,000 with tax revenue during the first three years of going after the other. In addition, another exemption is 50% for the next S $ 200,000 of taxable income. Second, it could be the setting for the registration of companies in Singapore. Applicants must:

At least one shareholder, resident director and company secretary

Minimum ...
... initial paid-up share capital of S $ 1

Singapore companies are based in Singapore.

Then you can start your own business effectively Singapore, awareness of these issues must be present:

Company name must be registered with ACRA before installation occurs. The organization must be unique and desirable.

Must be at least a minimum of one natural or legal involvement is necessary. Director and shareholder, the same person, or may be different. 100% of domestic and foreign equity is allowed. Singapore Companies Act does not allow less than a month and a maximum of 50 members for each limited liability company with Singapore. Details of shareholders, information can be found in public records.

Do one or more residents must be resident in Singapore in particular.

The Company shall appoint a secretary-businessman, who also resides in Singapore. Singapore Companies Act requires companies and company secretary to be appointed within two months after admission.

The minimum paid-up capital of company registration in Singapore is S $ 1 or its equivalent in another currency.

There shall be established, it must be a physical address and not a PO Box. In some types of businesses, with the permanent residence is possible.

The memorandum and articles of the memorandum, which details all the activities that your company is entitled to be filed with ACRA must be addressed.

Singapore Employment Pass is the main type of Singapore work visa issued to foreign professional employees, managers, and owners/directors of Singapore companies. For more detailed information on various Employment Pass work permit type, refer to Singapore Employment Pass Application guide.