Ways Of Incorporating A Company In Singapore

By Author: Susan Summers
Total Articles: 1
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Although there are a numer countries to choose from, Singapore maintains its reputation of being the favorite business hub of investors around the world because of the business tax incentives it provides to foreign investors.

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 is a 50% tax off on the next S$200,000 of chargeable income.
Foreign investors looking to put up a company in Singapore may form a Sole Proprietorship, a Limited Liability Partnership or a Private Limited Company.Most of the companies are Private Limited Companies of all the companies incorporated in Singapore.
Accounting & Corporate Regulatory Authority (ACRA) is where companies or businesses that are incorporated as Private Limited Companies are registered.

It is necessary for all companies in Singapore to adhere its laws and regulations stipulated in the Singapore Companies Act.As per Singapore Companies Act, local and foreign businessmen are subjected to relative terms and ...
... regulations.Businessmen or investors can be foreign or local individuals, foreign or local companies, Singapore Residents and companies offshore.
Below are the requirements the companies have to meet before being able to incorporate a Singapore Company.

Before being appointed by a Private Limited Company, directors must possess some requirements. With this, Singapore company directors must also possess certain qualifications before they can be appointed by a Singapore Private Limited Company. These added qualifications are as follows:

1. At least one shareholder, one resident director and one company secretary for a registered business.

2. At least $1 paid-up as share capital

3. Singapore Office Address:

A foreigner can acquire full ownership of a company in Singapore. However, it is expedient that companies should have a minimum of one director that is either a Singapore citizen, a person who holds a permanent resident, an EntrePass, an Employment Pass or a Dependants' Pass.

AsiaBiz Services has been assisting clients from all over the globe for Singapore company registration matters. It facilitates processing and submission of requirements to incorporate a Singapore Company. Our success rate is phenomenal, and all most all of our enterprise clients have entrusted us, with the routine management tasks such as book keeping and secretarial services and we continue to impress them beyond our promise.