Incorporating a company in Singapore is the beginning of realizing a business dream. Advocating the free trade policy, the city-state engages in import and export of products and services. While maintaining bulk investments in Asia, Europe, and the Pacific, it likewise implements policies to attract foreign investors.
Its taxation, for example, has seen many amendments in its rates in the previous years. The highest corporate tax rate is 17% for revenues earned above S$300,001. All existing companies earning their first S$10,000 are levied with 4.25% tax, while the next S$10,001 to S$300,000 revenues are taxed by a mere 8.5%.
Incorporating a company in Singapore is easy. Mostly the company is registered as private limited. Thence, it enjoys certain advantages, particularly, being treated as a legal entity different from its shareholders and directors.
The company operates like a legal person. In its name, it engages in legal transactions, enters into contracts, procures assets and properties, earns profits, and incurs losses and liabilities, says Raj Beng describing how a company protects its shareholders and managing directors, when unfavorable occurrences occur, only the company is held accountable.
ACRA, Singapores national regulator of business organizations and accounting profession, makes certain that companies submitted for approval and registration comply with the requirements stipulated by the Companies Act. Among others, a company is formed by a shareholder, resident director, and company secretary.
A nominee director service is among the corporate solutions we provide, quips Raj, referring to Asiabiz Setup, where she serves as a business specialist for more than a decade. Beng expounds that investors who cannot immediately relocate to Singapore to satisfy the resident director requirement may nominate a director in his behalf.
A nominee director may be temporary until the investors have obtained their Employment or Dependant pass or may be on a long-term basis allowing investors to stay overseas, Raj elucidates.
For shareholders seeking for anonymity, they may also find Asiabiz Setups nominee shareholder to be especially helpful. Beng states that A nominee shareholder protects the privacy of real investors while keeping their hands off the business operations.
Asiabiz Setups nominee services are strictly for statutory compliance only. It is the investors and shareholders that maintain executive powers, control, and management of the company. Located at the heart of Singapores business district, Asiabiz Setup provides other corporate solutions such as company incorporation, accounting, and secretarial services.
About the Publisher:
For many years, Asiabizsetup has served the community by taking charge of Singapore company incorporation, Singapore company registration and processing the necessary working visas of entrepreneurs or employees, and providing services such as accounting, secretarial and statutory compliance with certain requirements.
AsiaBiz is a company that provides Singapore company setup services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, Singapore accounting services, book keeping requirements, and other compliance matters stated under the Singapore law. The company has successfully helped thousands of both local and foreign entrepreneurs form a Singapore company.
Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.
For more information visit:
AsiaBizSetup PTE LTD
address: 120 Telok Ayer Street Singapore 068589
phone: (65) 62426533