Incorporating a Singapore Company

Incorporating a Singapore company allows international entrepreneurs to take advantage of its legitimate tax incentives and excellent global reputation. Singapore is fast becoming a business city of choice. With excellent business infrastructure, political stability and close economic ties with many of the world's leading economies, there has never been better time for entrepreneurs to migrate and set up their business in Singapore.
1.	If properly-structured, the global profits after incorporating a Singapore company are legitimately tax-exempt, making Singapore an excellent regional or global headquarters. More than 7,000 multinational companies have set up regional or global headquarters in Singapore to date, according to the Singapore Economic Development Board (EDB).
2.	Essentially, the first S$200,000 (US$132,500) of chargeable income can be legally tax-exempt for the first three years after incorporating a Singapore company.
3.	The EDB provides a wide range of financial incentives to entrepreneurs who incorporate a company in Singapore. Other incentives include equity financing for companies developing high technology products and services in Singapore, grants to improve management and operations, and loans to fund overseas expansion projects.
4.	When incorporating a Singapore company, tax is an important consideration. Recently the ASC announced it would work towards full convergence with International Financial Reporting Standards (IFRS) for Singapore listed companies. To read more, please visit the Accounting and Corporate Regulatory Athority (ACRA) website.
5.	The process for incorporating a Singapore company is quick and simple. According to the World Bank's Doing Business 2010 Survey, Singapore is the world's easiest place to do business across a range of factors including company start up procedures, time, cost and minimum capital required.
6.	As a global private banking and wealth management hub, Singapore caters to the financial service needs of a rapidly growing number of Asian millionaires.
7.	Singapore is an attractive city to live in. In its 2010 Quality of Living Survey Mercer Human Resources ranks Singapore 28th out of 215 cities internationally. Singapore is ranked 1st for infrastructure.
8.	Healy Consultants offers cross-cultural training and advice to foreign investors who incorporate a company in Singapore, to ensure they are aware of local business etiquette and protocol.
Contact Us
For more information on incorporating a Singapore company, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
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