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The Advantages of Singapore Corporate Tax System
The Advantages of Singapore Corporate Tax System
In an effort to attract, entrepreneurs and foreign investors, the Singapore government offers numerous incentives and tax exemption of local specialty shops Rikvin for registration.
singapore,
singapore,
Singapore
(pr4links.com)
30/09/2010
""Apart from the attractions was the corporate law and its strategic position, attracting foreign companies and investors to Singapore income tax incentives, especially for new start-up companies," the company said."
Sep 30, 2010 - In an effort to attract, entrepreneurs and foreign investors, the Singapore government offers numerous incentives and tax exemption of local specialty shops Rikvin for registration.
"Apart from the attractions was the corporate law and its strategic position, attracting foreign companies and investors to Singapore income tax incentives, especially for new start-up companies," the company said.
To be considered eligible "for tax purposes," Rikvin said that management and control must be exercised in Singapore and at least one member has a minimum of 10 percent of the shares.
While the term "supervision and management" is not explicitly set by the government, most experts believe that the power of decision of the Board and not by the day.
"As a resident of a host of tax benefits for all companies. Their income is generated and referred to Singapore is the only income that is covered by taxes. Also exempt from profits and dividends from foreign subsidiaries of the completely foreign sources of taxes, "said Rikvin.
To further promote international companies to relocate in Singapore, the government passed a law that is 100 percent and 50 percent tax exemption to a domestic company, at its first S $ S 100,000 and $ 200,000, or within three years after registration.
However, to qualify for this tax relief, Rikvin said, the respective conditions in the performance of "tax resident."
In the case of a newly formed company did not claim the requirements, said the registration of a trade specialist, perhaps some tax exemptions and lower tax rate.
"Companies that meet the requirements for full tax exemption can not qualify for certain incentives, which typically reduced as corporate taxes. For example, some issued by them at a rate of 4.5 percent of the tax in the first S $ 10 000 the tax base and another 8.5 percent to its next S $ 290,000 of taxable income, "the company said.
To further promote foreign investment inflows, the government has tax incentives for various industries that provided in the form of lower corporate taxes.
After Rikvin, these are the sectors which benefit from the reduced rate of corporation tax. Oil traders, securities companies, trust company, art and antiques dealers in the sea they do, fund managers, the financial and treasury, the headquarters of the cooperation, the Asian currency unit, the insurance companies, members of the futures exchange and a pioneer or company incentive.
Contact Rikvin
Rikvin is the leading Singapore Subsidiary Registration and Company Incorporation specialists. It has assist thousand of foreign entrepreneurs Setup up a Singapore Representative Office and secure their employees respected Singapore Employment Pass.
Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD")
If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours. Appointments are welcome but definitely not necessary.
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
http://www.rikvin.com/
About
Asiabiz Services Pte Ltd
120 Telok Ayer Street
Singapore 068589
Phone: (+65) 6242 6533
Fax: (+65) 6303 2670
E-mail: sales@asiabizservices.com
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