Singapore Sole Proprietor is the simplest type of businessmen who takes full control, authority and responsibility for all his business assets and liabilities. Singapore citizens or permanent residents; holders of Employment Pass, EntrePass or Dependant’s Pass can be a sole proprietor. Foreigner individuals and companies can also be a sole proprietor but must appoint a local resident manager. A sole proprietor is under the business…
Today, Singapore has been popular as the world’s easiest place to do business in the latest World Bank “Ease of Doing Business Report”. This is the major reason for the increase of Singapore companies operating to provide company registration services to local and foreign individuals and companies. Local and foreign individuals and companies who wish to register a Singapore company should start by identifying what…
Singapore’s corporate taxation has contributed a major part in Singapore’s worldwide popularity as a pro-business country. The corporate taxation states that start up companies are to pay Zero tax on the first S$100,000 of chargeable income for the first three consecutive years. In addition, a 50% exemption is given on the next S$200,000 of the chargeable income. This has been the major reason why Singapore…
The Ministry of Manpower grants Singapore Employment Pass that is usually valid for one to two years to eligible applicants. Employment Pass permits foreigners to travel in and out of the country with comfort. The work visa is renewable as long as the pass holder remains employed in a Singapore company. It also provides opportunity to ass holder to apply for a permanent residence status.…
The Accounting and Corporate Regulatory Authority or ACRA is the national company registrar of Singapore. ACRA plays a significant role as a leader in managing the advancement of businesses and development of individual’s public accountancy profession. The mission of ACRA, as clearly stated on their official website is «to provide a responsive and trusted regulatory environment for businesses and public accountants. ACRA’s role is to…
Almost every foreign investor believes that one of the best business locations worldwide is Singapore. In Asia and worldwide, Singapore has been regarded as the leading country which shows the best quality of life. It uses high-technology, continuous technological advancement and complete facilities which brings about comfort to residents, tourists and most especially foreign investors. The 17.9% growth in Singapore’s GDP in the first half…
The national company registrar of Singapore is the Accounting and Corporate Regulatory Authority (ACRA). ACRA plays an important role as a leader in managing the advancement of businesses and development in individuals public accountancy profession. ACRA’s mission as shown in their site is «to provide a responsive and trusted regulatory environment for businesses and public accountants. ACRA’s role is to achieve synergies between the monitoring of…
Singapore Representative Office is a business structure which provides foreign individuals or companies who have interest in putting up a business operation in Singapore more means to assess business opportunities in Singapore market. I is also preferable and feasible for a foreign company who needs to promote its brand and work with its local agents and distributors. Its validity is usually provided for up to…
Rikvin highlighted Singapore Employment Pass Application, a primary kind of Singapore work visa given to qualified foreign employees, executives and those who own Singapore companies. There’s no limitation on the amount of Employment Pass which may be issued, Rikvin emphasized the step by step procedure of Singapore Employment Pass Application. Rikvin provided detailed and complete information on eligibility requirements, application procedure, processing timeline and other…
You will discover three major reasons listed by Rikvin showing why foreign individuals and investors should invest or start a Singapore company. Necessities for example comfort to have an account in Singapore, favorable Singapore taxes plus the exemplary quality lifestyle in Singapore. “Note that Singapore ranked# 1 round the “World’s Easiest Spot to do Business” list on the planet Bank’s Conducting business Report 2010. Singapore…