Open your singapore office and flourish

OPEN YOUR SINGAPORE OFFICE AND FLOURISH

By Tnpl Corporate Pte Ltd.

INTRODUCTION : Many rules regulate the company formation in Singapore. It is difficult for a new entrepreneur to understand these and that is why an agent is required to help you with the company incorporation process. You can learn everything about what companies need what documents and what conditions to be fulfilled if you want to operate in Singapore. It is best to partner with an agency that has financial, legal and business experts to help you.

WHO IS EXEMPTED FROM REGISTRATION It is better to understand which companies must be registered with the ACRA and which are those who get an exemption from registering the company. Though registration has many benefits it is a difficult process for those who don’t know the procedures. If a person is going to do business under his or her full name then the business need not be registered in Singapore.

SELECT THE RIGHT BUSINESS STRUCTURE When you are setting up a company in Singapore, it is very important to select the right business structure for the company. This will help you to run the business in a better way and to make use of all the benefits and exemptions offered by the government. If you are running the business yourself and don’t plan to add any partners, the best structure is the sole proprietorship which allows you complete control. But the liabilities of the company will be yours.

TAX BENEFITS FOR A PRIVATE LIMITED COMPANY Companies which have tax residency in Singapore can get an exemption of up to 75% tax exemption on the first 10,000 $ income and 50% exemption on the balance 290,000. The profit earned above S$300,000 is taxed at 17% and that is certainly the least rate in the world. The companies doing company incorporation in Singapore benefit from import duty exemption with ASEAN nations.

THANK YOU !!!

Presented by Tnpl Corporate Pte Ltd.