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Singapore Business Incorporation -
Business Administration Services, Business Management
Consultancy, Finance Consultancy, Business Services
Singapore Business Incorporation
Contact:
Address: 1, Kaki Bukit Road 1, #02-46, Singapore
Singapore 415934
Tel:
Fax:
e-mail:
info@singapore-business-incorporation.info
Website:
www.singapore-business-incorporation.info Categories: Business Administration Services,
Business Management Consultancy, Finance Consultancy,
Business Services, Company Profile: Singapore is one of those marvelous
destinations in Asia where a lot of companies are seeking to
do business. Growing business in Singapore has created an
urge and desire for many International Companies run their
business in this small Island.
Many
Companies are successfully doing business in
Singapore since they understood the local
regulations and other necessary aspects of forming a
Company.
The first step for Company Registry Singapore is
Accounting and Corporate Regulate Authority or ACRA.
ACRA is a national regulatory body of business
entities and public Accountants. Moreover it also
acts like a facilitator for both activities. It is
the first and the foremost thing to register your
Company with ACRA. The registration procedure has to
go through a professional firm.
Entrée Pass & Employment Pass: To work in Singapore
an Entrée pass or employment pass is mandatory. This
helps in managing the business operations smoothly.
Both the passes need approval from the (MOM)
Ministry Of Manpower. Entrée Pass or Entrepreneurial
Pass is for the shareholder of the company which is
required before the company is incorporated or
within 6 months of company’s formation. However, the
Employment pass is required if you are not the
shareholder of the Company and should be applied
after the incorporation of Company.
Once the Company name is decided then the filing of
documents is required which will require the
signatures of shareholders and company secretary.
After the filing approval from the registrar is
required. If required additional information will be
required for Singapore company registration services
and for this a fee of $300 for registration is paid
to the registrar company.
Documentation & registration: Once the company is
registered you will be notified for the same with an
email displaying a unique number for your company.
There is a fee of 50 dollars for a hard copy of the
registration number which now a day’s not important.
Email notification is enough for hard copy is not
issued there.
The other important document in PDF format which you
can expect is the Company profile including name,
registration number, business activity, paid up
capital, shareholder details, Director Details, etc.
Few documents required by the company will be share
certificates issued to shareholder, no of shares
allotted, a rubber stamp and a Company seal.
Costs, Charges & monetary Benefits: For the business
registration cost Singapore has different charges
applicable depending on the type of company and
nature of business activity. The filing procedure
and entre pass or employment pass have their own
cost. The rates are just an idea which can fluctuate
depending on the kind of professional firm is hired
for registration.
The registration charges for private limited
companies & subsidiary Company registration in
Singapore are $750-$800. For branch office and
representative office registration is somewhere
around $1000
A foreign individual who want to set up a Company
with Employment Pass has to pay a cost of less than
$4000 or so which will include registration of
Company, Company Secretary, Work Visa for
relocation. With the same services included for
Entre pass the cost will be more than $4000 and for
a Company with a nominee and Director will be up to
$4000 with the same services.
Tax Benefits: in Singapore the rate of tax is the
lowest if compared to other neighborhood places in
Asia. For the first three years of business earnings
there is no tax at all. If the income is between 1
million to 3 million dollars then the tax will be
8.5% and above 3 million dollars it is 17 %.
Singapore is a perfect place for doing business with
ease and has a fabulous living environment
Singapore Companies Directory have strived to compile the most up-to-date
& comprehensive Singapore business contacts and database of
Singapore Companies and lists of foreign owned
companies in Singapore
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