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Leading Singapore Business Solutions Provider, Asiabiz Discusses on How to Setup a Singapore Compan
Leading Singapore Business Solutions Provider, Asiabiz Discusses on How to Setup a Singapore Compan
While there are a lot of options for foreigners to form a company on various countries, Singapore remains a popular investment destination due to its competitive tax incentives.
Singapore,
Singapore,
Singapore
(pr4links.com)
13/10/2010
"While there are a lot of options for foreigners to form a company on various countries, Singapore remains a popular investment destination due to its competitive tax incentives."
While there are a lot of options for foreigners to form a company on various countries, Singapore remains a popular investment destination due to its competitive tax incentives.
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. On top of that, a further exemption of 50% is also provided on the next S$200,000 of chargeable income.
According to Singapore business registration specialist Asiabizservices.com, investors looking to put up a company in Singapore may form a Sole Proprietorship, a Limited Liability Partnership or a Private Limited Company. Of all the companies incorporated in Singapore, most are incorporated as Private Limited Companies.
Companies or businesses the belong to this classification are registered with the Accounting & Corporate Regulatory Authority (ACRA).
The Singapore Companies Act stipulates that all companies in Singapore must adhere to its rules and regulations. Local and foreign entrepreneurs are subject to different terms and regulations as per Singapore Companies Act. Investors can either be individuals, foreign companies, Singapore Residents and offshore companies.
Before being incorporated in the country, companies have to meet requirements such as:
Directors must meet certain requirements before being appointed by a Private Limited Company. With this, Singapore company directors must also possess certain qualifications before they can be appointed by a Singapore Private Limited Company. The following are these added qualifications:
1. The business must have at least one shareholder, one resident director and one company secretary.
2. At least $1 paid-up as share capital
3. Singapore Office Address
Directors must meet certain requirements before being appointed by a Private Limited Company. With this, Singapore company directors must also possess certain qualifications before they can be appointed by a Singapore Private Limited Company. The following are these added qualifications:
The country does not prohibit 100% foreign shareholding. In spite of this, Singaporean law requires companies to name at least one director that is a Singapore citizen, a permanent resident, an EntrePass holder, an Employment Pass holder or a Dependants' Pass holder. The company's director is also required to have a residential address in Singapore.
More Information:
Asiabizservices.com is the leading Singapore company that provides Singapore Company Incorporation services to both local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation, accounting and book keeping requirements, and other compliance matters stated under the Singapore law. AsiaBiz has successfully helped thousands of foreign and local entrepreneurs Form A Singapore Company and secure their Singapore EntrePass.
Asiabizservices Pte Ltd
http://www.asiabizservices.com/
120 Telok Ayer Street Singapore 068589
Phone: (65) 6242 6533
Fax: (65) 6303 2670
About
AsiaBiz is a company that provides Singapore Company Registration services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, accounting and book keeping requirements, and other compliance matters stated under the Singapore law.
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