Basics of Singapore Business Incorporation
The open arm policy of the Singapore government has gone a long way in making Singapore one the of top most business destinations world over. The corporate taxation in Singapore is investor friendly and the startup companies need to pay no taxes of S$100,000 of chargeable income for a period of the first three years. On top of that an exemption of 50% is also given for the next S$200,000 of any chargeable income. These facets have made Singapore rank at the top of the places where businesses can be done easily. Many people considering these benefits are looking for Singapore business incorporation.
People looking for Singapore business incorporation need to know the basic requirements for the same. First of all the company should have one shareholder, one resident director and one company secretary (who must be a Singapore national). The company should also have an initial paid-up share capital of at least S$1 and a registered office address. There are also various types of business structures for the entrepreneurs to choose from. You may have a branch office that will be working with the foreign parent company and both these will not be a separate legal entity or you may opt for a private limited company and that will be a separate legal entity. You may also open a representative office that will have no legal status and will be treated as a temporary administrative office that will be coordinating the activities.
If you are a foreign national looking for Singapore business incorporation then there are also certain other steps that you will have to take. You will first of all have to find and engage a professional firm offering the Singapore business incorporation services; you will also have to arrange for the work visa for yourself and your management staff coming from overseas.
This basic information will help you in planning for the Singapore business incorporation and save you some time too!
Tags: incorporation service, Singapore business incorporation, Singapore incorporation service
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