Polaris

Advantages of Doing Business in Singapore

September 15, 2010
What are the advantages of incorporating a company in Singapore?
  • Setting up a business in Singapore is relatively easy; all it takes is one business day for you to get clearance for your company name and one day for incoproration once you have the details including your resident director and shareholder ready.
  • Singapore only taxes income sourced within the country or foreign sourced income that is remitted into Singapore.
  • Singapore has an extensive double tax network treaty.
  • A Singapore company can be wholly owned by a foreign entity.
  • You only need one director-but he/she must be ordinarily resident in Singapore.
  • Corporate taxes are low (17%) and new companies currently enjoy tax exemption for the first $100000 in income and 50% exemption from the next $200000 for its first 3 consecutive years of assessment.



 

Why Do Businesses Choose to Set-Up in Singapore?

November 9, 2009

Sinagpore is a famously small country.  It is 42 kilometres long from West to East and 21 kilometres broad from North to South.  Yet it has recently been rated one of the worlds' most desired immigration destinations.  And why would thousands of international conglomerates choose Singapore as their base in Asia-a tiny country with a population of less than 5 million?  Why do so many choose to start a business in Singapore?

A Pro-Business Environment

Much has been said and written about Singapor...


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Business Vehicles in Singapore

November 3, 2009


In this article, we provide you with some basic information about the legal entities and vehicles available for conducting business in Singapore.

If you want to start a business in Singapore, do contact us.  We can provide a registered office, local managers, directors and local agents to fulfil legal requirements.

1. Business

Under the Business Registration Act of Singapore, all businesses must be registered.  A business can be a sole proprietorship or a partnership. A local manager...


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