Singapore is one of the world's largest financial centres. It is a major player in world trade and maritime port fifth busiest in the world. As a leading financial centre provides a very attractive place for the establishment of a corporate presence. What makes it even more attractive is Singapore generally established offshore company is a relatively simple procedure. That being said, anyone considering the possibility of establishing a company in Singapore should get expert guidance in advance. This experience can be beneficial to legal matters, as well as financial matters.
Why someone like to establish a company in the Republic of Singapore first? One reason could well be that the person intends to live there. According to experts, has the best quality of life of any city in Asia. Recently, and possibly as a result, Singapore is becoming a more expensive place to live.
But apart from higher cost of living, there is a very favourable for offshore companies Singapore tax regime. This attractive regime applies to persons, as well as companies. For example, there is no liability of tax locally on the benefits derived from sources no-Singapur, subject to certain conditions. This includes dividends and income earned abroad. A company incorporated in Singapore and correctly structured, is a way effective, free from taxation of the profits out of the Republic.
Venture in Singapore is relatively simple, but strict guidelines still implementing authorities to ensure the legitimacy of the business operations and maintain that reputation Singapore possesses. The amount of capital required by law is low. Indeed, the Republic is regarded as one of the easiest places to operate a business from the point of view of regulatory obligations. It is a prerequisite that must be respected, in the at least one director must have resided in Singapore. To support a new company based in Singapore, the procedure for configuring a corporate bank account is also relatively easy and a quality professional services company can manage this process for you.
Singapore is not regarded as a tax haven. This term has been used in reference to low tax jurisdictions and is viewed with suspicion by the authorities of the revenue that fight against tax evasion. Singapore also has the advantage of being a very stable country politically and economically.
Singapore Government is a very friendly business. Many local consultants offer virtual office services. There is little or no restrictions on transfers of funds and general international financial transactions. In the year 2010 was voted the places in the world "easier to do business" by the World Bank.
English is the official language and all official documentation is accepted in English. While an annual financial report shall be submitted to the internal revenue service, an annual financial audit is only necessary for companies with sales / business equals or exceeds five million dollars of Singapore. Singapore has double taxation agreements with more than sixty countries around the world.
Other benefits of Singapore company for people in business formation include a strong legal framework and a strict protection of the intellectual property of enterprises. From the point of view of information technology, Singapore is in all three countries around the world. Singapore is now the third largest country in South-East Asia in terms of the value of foreign direct investment. An offshore company Singapore configure is a very attractive vehicle for entrepreneurs in the world.
Healy consultants is a leading corporate, service providing international entrepreneurs with all the requirements of Singapore company incorporation. The company offers a range of services for companies in Asia, configure, tax planning and investing offshore. More information can be found in the section training company of our company's Web site Singapore www.healyconsultants.com
No comments:
Post a Comment