Download - Tax Minimization in Singapore
Why Invest in Singapore?
• During the last Singapore has developed so much it became an ideal place to open a company in.
• Investors found great opportunities to put their money into industries such as tourism, real estate and finances.
• The city state’s taxation system also provides for great benefits to those opening companies here.
Requirements to Register a Company in Singapore >>
• According to the Singapore Corporate Law, a company must comply with the following requirements before the registration procedure:
the company name must be approved before company registration in Singapore;
the company must have at least one resident director;
the company must have at least one shareholder and a company secretary,
>>Requirements to Register a Company in Singapore
• The other information investors must provide relates to:
the minimum share capital which for
companies in Singapore is 1S$,
the company must have a registered address.
• Foreign investors must also hire a Singapore law firm or a professional firm to conduct the company registration procedure.
Documents for Company Registration in Singapore >>
• According to the Companies Law in Singapore, when incorporating a company, the following documents must be submitted with the Companies Registrar:
the company name;
a description of the company’s activities;
detailed information about the company’s shareholders and directors.
>>Documents for Company Registration in Singapore
• The other documents to be filed with the Singapore Accounting and Corporate Regulatory Authority are:
the registered address;
details about the company secretary;
the Singapore company’s Memorandum and Articles of Association.
Last Steps to Open a Company in Singapore
• After the company is registered there are few other steps to complete before starting operating:
opening a corporate bank account in Singapore;
obtaining the necessary business licenses;
registering for taxation purposes with the Singapore tax authorities.
Taxation of Singapore Companies
• Companies in Singapore are levied the corporate tax at a low rate, which is the main reason the city-state keeps attracting foreign investors.
• Also, various withholding taxes may be reduced or deducted based on the numerous tax treaties Singapore concluded with other countries.
Assistance in Company Registration in Singapore
• Clients may request the help of our lawyers in Singapore in order to determine the suitable type of company for conducting business operations here.
• For details about the requirements of setting up a company you can contact our Singapore lawyers.
Thank you for your attention!
For more information, please contact us at:
+ 852 8191 3385
www.lawyers-singapore.com