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Singapore corporate formation is a secure, tax efficient way to conduct international business. The following is an overview of how Singapore corporate formation can benefit your global business strategies. |
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Singapore corporate formation has a positive image because Singapore is a well-respected jurisdiction with a stable government, expanding economy and sophisticated infrastructure. |
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If properly structured, the international income of a Singapore company is legally tax-exempt (see the Inland Revenue Authority of Singapore website). Furthermore, the first S$200,000 (US$132,500) of profits sourced in Singapore are tax-free for three years following incorporation. |
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In accordance with Singapore corporate law, every Singapore company requires at least one director ordinarily resident in Singapore. |
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After Singapore corporate formation, an annual audit is required if turnover or sales exceeds S$5 million (US$3.5 million). Annual accounts must be also submitted to the Inland Revenue Authority of Singapore. |
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Healy Consultants will open a corporate bank account to support the Singapore company. |
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Healy Consultants can advise clients on the double taxation agreements Singapore has signed with 58 countries, including Japan, China, Germany, France, the UK and Canada. |
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Singapore refuses to exchange confidential investor banking information with Organisation for Economic Cooperation and Development (OECD) members, bucking the global trend. |
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Following Singapore corporate formation, Healy Consultants can assist our client to register for goods & sales tax (GST), applicable if annual sales exceed S$1 million (US$700,000) in a calendar year. |
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Healy Consultants will assist clients to obtain Singapore residence and employment visas. |
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Singapore corporate formation to use as a Regional Headquarters for Asia. The Singapore government encourages company set up by offering a range of grants and financial incentives through the Singapore Economic Development Board. |
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Healy Consultants' Singapore corporate formation costs are US$2,100 in Year 1 and US$1,300 from Year 2 onwards. |
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| Contact Us | ||
For more information on Singapore corporate formation, contact email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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| Back to Singapore Company Formation page. | ||
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