ALL >> Business >> View Article
Singapore Company Information

Singapore’s corporate taxation has contributed a major part in Singapore’s worldwide popularity as a pro-business country. The corporate taxation states that start up companies are to pay Zero tax on the first S$100,000 of chargeable income for the first three consecutive years. In addition, a 50% exemption is given on the next S$200,000 of the chargeable income. This has been the major reason why Singapore was ranked first in the list of World's Easiest Place to do Business given by World Bank, Ease of Doing Business Report, 2010. For this reason, foreign individuals and companies are encouraged to form a Singapore company.
For business entrepreneurs who are searching for help in Singapore company incorporation, please check the basic requirements below:
• Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
• Minimum initial paid-up share capital is S$1
• Singapore Company must have a Singapore registered office address
For business entrepreneurs who are in doubt of what type of business structure to use, we have prepared a brief description for each business structure:
• 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.
For foreigner business entrepreneurs, here are some of the basic points to remember:
• Engage a Professional Firm: Foreign corporations and individuals must engage a professional firm that specializes in company incorporation in Singapore to set up a company.
• Work Visa for Foreign Individuals: Foreign individuals who wish to relocate to run their new Singapore Company operations have two types of work pass to choose from.
• Work Visa for Foreign Corporation Management Staff: Foreign Corporation that plans to relocate their management staff to Singapore to run their new Singapore company setup must apply for Employment Pass.
• Foreign Individuals/Corporation Not Relocating to Singapore: Foreign Individuals and corporations that do not intend to relocate to Singapore to operate the company must appoint a Singapore resident director in accordance with the Singapore Companies Act.
Now that you have basic information in Singapore company incorporation, you can now proceed by hiring an authorized business registration firm that will help facilitate all concerns on incorporation.
Rikvin provides a full spectrum of corporate services under one roof for Singapore company registration, assistance to form a Singapore company, accounting, tax, work pass and related compliance services for individuals and companies worldwide.
Add Comment
Business Articles
1. Now Is The Time To Apply For A $1000 Same Day Payday LoansAuthor: Lucy Lloyd
2. Short Term Loans Online: A Vital Source Of Capital
Author: Robert Miller
3. The Benefits Of Acoustic Fencing For Residential And Commercial Properties
Author: Vikram kumar
4. Iso/iec 27001 Vs Iso/iec 27701: What Is The Difference Between Data And Privacy Security?
Author: Sqccertification
5. Why Local Seo Is The Lifeline For Small Businesses This Year
Author: Alpesa Media
6. The Power Of Authentic Vedic Rituals At Trimbakeshwar
Author: Shree Trimbakeshwar
7. Eicher 242 Tractor – A Small Tractor With Big Power For Indian Farmers
Author: KhetiGaadi
8. Top 10 Jewelry Editing Mistakes To Avoid For Perfect Shots
Author: ukclippingpath
9. Luxury Vacation Rentals In Nashville Tn
Author: Marcos Skyler
10. Top Booking Mistakes Hosts Should Avoid In Cabin Rentals
Author: Top Booking Mistakes Hosts Should Avoid in Cabin
11. The Importance Of Driveways In Multistory Building: Functionality, Safety, And Aesthetic Appeal Of A Building
Author: Vikram kumar
12. Rust Prevention Additives: The Amelioration Of Metal Protection Across All Industries
Author: Ivar
13. What Are Corrosion Inhibitors And Why Are Needed To Protect Metal Life?
Author: Ivar
14. Threaded, Socket Weld, Or Butt Weld? Choosing The Right Connection For Your Pipeline
Author: Online fittings
15. Mandatory Documents Required For Iso 45001 Certification
Author: Jenny