Incorporating a Singapore entity is an ideal way to create a tax-efficient corporate vehicle through which international business can be conducted. Healy Consultants has a wide range of Singapore corporate services to support clients who are incorporating a Singapore entity. The following information will help you determine if incorporating a Singapore entity is the optimum solution to fulfill your international business objectives.

Incorporating a Singapore entity projects a positive image. Consequently, Singapore is an excellent corporate vehicle to promote to customers, suppliers, investors and venture capitalists.

Incorporating a Singapore entity offers excellent tax benefits. A properly-structured Singapore company pays no tax on revenues sourced outside Singapore. Furthermore, S$200,000 (approximately US$145,000) of local corporate profits earned in Singapore can be tax-exempt for the first three years after incorporating a Singapore entity (provided total earnings reach S$300,000). For further information, refer to the Inland Revenue Authority of Singapore website.

When incorporating a Singapore entity, at least one Singapore-resident director is required.

A further tax advantage with incorporating a Singapore entity is the double taxation treaties Singapore has signed with 62 countries, including Japan, China, Germany, France, the UK and Canada. Please refer to this link for more information.

After incorporating a Singapore entity, a company is required to register for goods & sales tax (GST) if annual sales exceed S$1 million (approximately US$720,000) in a calendar year. Singapore levies a 7% GST in lieu of value added tax (VAT) and import duty. However, Singapore company sales to international customers are GST-free. Our Singapore tax consultants can provide more information if required, or refer to this webpage .

A properly-structured Singapore entity is not considered an offshore company. Singapore is a reputable, highly respected global financial centre. Therefore, incorporating a Singapore entity is a potentially lucrative, low risk, option.

Following Singapore entity incorporation, the company must submit annual accounts to the Inland Revenue Authority of Singapore (IRAS).

After incorporating a Singapore entity, Healy Consultants offers a wide range of Singapore corporate services. Our Singapore corporate services include but are not limited to the following:

Banking Services - one of our core Singapore corporate services, Healy Consultants offers corporate bank accounts in Singapore, as well as offshore banking services, obtaining corporate finance, and assistance with opening merchant accounts and brokerage accounts.

Accounting Services - another core Singapore corporate service, our qualified in-house accounting Team prepare accounts using a highly sophisticated combination of spreadsheets and accounting software packages.

Singapore Tax Planning - this is central to our Singapore corporate services offering. Healy Consultants' Singapore tax planning services are tailored to meet our clients' precise needs. Our international tax professionals provide the best Singapore tax planning services to organisations of all sizes.

Singapore Trust formation - this is a growing area in our Singapore corporate services portfolio. We assist entrepreneurs and high net worth investors migrate their assets into Singapore or offshore trusts as part of an effective tax minimisation strategy.

Singapore Virtual Office Services - another of Healy Consultants' Singapore corporate services is establishing a fully-functional virtual office for those setting up a company in Singapore.

Singapore Stock Exchange Listing - Healy Consultants can assist clients with their initial public offerings (IPOs) and other listing-related issues in Singapore as part of our broad Singapore corporate services offering. See also the Stock Exchange of Singapore site.

Website Development and IT Support Services - to support our clients' businesses, Healy Consultants' Singapore corporate services include Website Development and creation, Search Engine Optimisation (SEO) and Internet Marketing.

Singapore Migration Services - Healy Consultants assists our clients to apply for Singapore residency and employment visas as part of our Singapore corporate services that are offered.

Singapore Property Investment and Mortgage Services - to assist our clients' who are setting up a company in Singapore, Healy Consultants' Singapore corporate services include helping our clients buy property in Singapore and elsewhere in Asia.

For additional information on incorporating a Singapore entity or our Singapore corporate services, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.