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Reason Why Singapore Continually Magnetize Foreign Entrepreneurs to Form a Company
Reason Why Singapore Continually Magnetize Foreign Entrepreneurs to Form a Company
Singapore has attracted many foreign individuals, entrepreneurs and businesses, because it is internationally known as a pro-business in the country.
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(pr4links.com)
25/10/2010
Singapore has attracted many foreign individuals, entrepreneurs and businesses, because it is internationally known as a pro-business in the country. Several options were given to foreign companies setting up more ease of doing business in Singapore provides. Singapore is also building in popularity in a very competitive tax advantages.
"Foreigners are encouraged to form a Singapore company, mainly because of tax incentives given to them. In the first three consecutive years of new businesses in Singapore zero to pay tax on the first S $ 100,000. Furthermore, the withdrawal of 50% is also the next S $ 200,000 taxable income," said Asiabiz.
Also, foreign investors had enough confidence in the available business structures including sole proprietorships, limited liability company partnership or limited liability company. Singapore, most of the companies incorporated as limited companies, usually registered in the Accounting & Corporate Regulatory Authority (ACRA).
Another point of attraction for entrepreneurs in Singapore to choose a minimum of formalities in other countries may be available for registration procedures and lack of bureaucracy. However, aliens also told that, like all the other offices, they have certain weaknesses in their business application for official registration and their business to follow.
One of the most common requirements in line was briefly mentioned in Asiabiz. These should be taken into account:
1. The company must have at least one shareholder, resident director and company secretary.
2. Minimum paid-in capital $ 1
3. Registered office address in Singapore.
Nation shall not prevent 100% foreign ownership. Does this require a Singaporean law firms in one or more names Director of Singapore citizen, permanent resident, Hall transferred to the holder of the employment pass holder, or his relatives' pass holder. The Director may also be necessary to introduce a residential address in Singapore.
"It's just a basic and introductory benefits to foreigners can also enjoy when they choose to set up a business in Singapore. Availability of high-risk technology development to achieve world-class competitive advantage and greater return on investment in Singapore turned out to existing businesses," Asiabiz completed.
More Information:
Asiabizservices is a leading corporate services firm that assists entrepreneurs and investors with the processes required to incorporate a Singapore company along with a range of other corporate services. The firm provides tailored solutions to meet entrepreneurs business objectives and manages the entire process of Singapore company set up. More information on How to Form a Singapore Company.
For more information:
AsiaBizServices.com
address: 120 Telok Ayer Street Singapore 068589
phone: +6563034614
website: http://www.asiabizservices.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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