British legal system practiced in Singapore, which is based on common law corporate law. Private companies for foreign enterprises to set up Singapores main form. At present, the companys tax rate in Singapore is 20 percent. Singapore has also signed a number of tax arrangements and guarantees to provide the advantages of double taxation treaties and investment protection agreements. The new company in Singapore as there is no actual business, and foreign income not remitted to Singapore, you do not need to pay tax in Singapore.
In addition, Singapore is the worlds few with the mainland while signing investment promotion, protection of national and comprehensive tax treaty agreements with about 50 countries around the world signed a comprehensive tax agreements with many countries and and to provide investment protection agreement.
Singapore companies can be divided into three categories:
The number of shareholders • Private Limited (Private Limited Company) up to 50.
• The number of listed companies (Listed Company) shareholders for 50 or more. After approval by the local government, may issue shares and bonds to the public in order to raise funds.
• foreign company branches (Singapore Branch of a Foreign Company) foreign company may establish a branch in Singapore, but only part of the registration branch, rather than incorporated.
Singapore company registration type:
• Register a new Singapore Ltd;
• Buy ready-made Singapore Ltd;
Singapore Company Registration time:
• Register new company will take about 10 days;
• Buy ready-made shell companies about five days;
Standard Registered capital:
• 500,000 Singapore dollars
Singapore features:
• You can be a shareholder or director of a person;
• named relative freedom, but only for the English name;
• You must have a real business address;
• Each company must appoint at least one director, and the director must be a Singapore citizen, permanent resident or Singapore Employment Pass holders, directors shall not be corporate directors;
• Each private limited company must appoint a local secretary, and set accounting records, accounting records must be audited by a local auditor;
• Details of the directors, shareholders and company secretary must save at the Companies Registry and available for public inspection;
Singapore Advantages:
• offshore business profits if not remitted within Singapore, you do not need to pay any tax, simply submit annual reports each year, and accounts audited by the local accountant;
• exempt income in the private companys annual, if not more than five million Singapore dollars, the annual accounts are required to be audited;
• signed an investment protection and double taxation treaties with many countries;
• Private companies can avoid convening the Annual General Meeting;
• No foreign exchange controls, easy to raise funds;
• Political, economic stability and trade environment;
• apply for employment visas EP, freely between Singapore - Hong Kong - China, which is also convenient by the United States, Australia, Britain and other European countries visa;
• After obtaining EP, the right to apply for permanent resident of Singapore PR (green card), the successful migration of Singapore;
• Holding Company may apply for listing of the stock exchange in many countries;
Singapore company registration process:
• Singapore company name search → → signed agency agreement to deliver the money making company registration documents → → → client signature company registration filings → → file transfer is completed.
Singapore Company Registration required information:
• At least two shareholders, for legal or natural person;
• At least one director, the director must be a Singapore citizen, permanent resident or employment pass holders;
• The company must have a personal sponsor, and is subject to a visa in Singapore accountant or notary in Taiwan;
• must appoint a local resident company secretary;
• Local company registered address;
• shareholders, directors or passport card;
• shareholding ratio;
• shareholders, directors contact address, phone number;
After registration is completed, Singapore can get the file:
• Certificate of Incorporation (the CI);
• Articles 3;
• The stock;
• Seal, each one signed by atomic India;
• a copy of the application for registration of company documents;
Singapore Annual Return:
• offshore business profits if not remitted within Singapore, you do not need to pay any tax, but the company is required to conduct an annual return on the companys business;
• Singapores first reporting period within 18 months after the company was founded, the second reporting period within each subsequent 15 months, as the company within the above time is not declared, will be punished fines or revocation of a license.
|
