| |
Home >
Business
>
Entrepreneurs
>
Singapore Corporate Tax Incentives: Its Advantages to Foreign and Local Companies
Singapore Corporate Tax Incentives: Its Advantages to Foreign and Local Companies
In an effort to attract foreign investors, entrepreneurs and companies to start-ups in Singapore, the government offers various incentives and tax exemptions for newly established firms and some companies.
singapore,
singapore,
Singapore
(pr4links.com)
01/10/2010
""The offer is the most viable business center in the Asia-Pacific, Singapore, attractive tax advantages for international companies and entrepreneurs into account the order, is to attract large investments in the country," the company said."
October 1, 2010 - In an effort to attract foreign investors, entrepreneurs and companies to start-ups in Singapore, the government offers various incentives and tax exemptions for newly established firms and some companies in certain sectors such as shipping, insurance and financial services.
Rikvin After the registration of the leading companies in Singapore, Singapore, the most notable business incentive tax given for start-ups, even if they give 100 percent owned by foreign entities or individuals.
"The offer is the most viable business center in the Asia-Pacific, Singapore, attractive tax advantages for international companies and entrepreneurs into account the order, is to attract large investments in the country," the company said.
One of the incentives of the major firms have recently established business exemption in the first three years of operations.
Zero-tax start-ups can enjoy their first taxable income of S $ 100,000 and a 50 percent tax exemption on their successors S $ 200,000, "said Rikvin.
However, the registry, said firmly that the tax exemptions for companies, their management and control in the practice of countries and at least one shareholder has a minimum of 10 percent of the shares is given.
While the government has provided no explicit definition of "management and control systems, which most experts agree that refers to the level of authority of the board of directors of a company director in place of his day the operation of the business day.
In the event that companies do not meet these eligibility requirements, remain partial tax exemptions to 4.5 percent and 8.5 percent in its first-rate taxable income of S $ 10,000 and $ 290,000 S include, in each case qualified.
To encourage foreign investors, enterprises and entrepreneurs, the Singapore government, the corporate tax rate from 18 to 17 percent lower in 2007, although the country and the practice of a single animal control system in which taxes are only at company level, subtracted from the exclusion of shareholder dividends.
In addition, some companies could enjoy new tax rates, if included in this limited category: cyber-traders, oil traders, Asian currency unit, art and antique dealers, leasing offshore, international traders in commodities, securities and insurance, financial and treasury, trust and incentives Pioneer /.
The government offers tax incentives for companies investing in projects and research to increase productivity and staff training, acquisition of intellectual property and technology and software to maximize.
Contact Rikvin
Rikvin is the leading Singapore Subsidiary Registration and Singapore Employment Pass Application specialists. It has assist thousand of foreign entrepreneurs setup up and form a Singapore Company.
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
Email : info@rikvin.com
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
|