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Starting a company in Singapore is an excellent option for entrepreneurs and organisations conducting international trade, principally because it is a tax-efficient jurisdiction if the company is properly-structured. Healy Consultants assists with all aspects of starting a company in Singapore, the salient points of which are: |
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| 1. | Entrepreneurs planning to start a company in Singapore find it is one of the most cost-efficient places in the world to do business. |
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| 2. | Starting a company in Singapore is a great way to access the local market. The Straits Times reported the local economy grew in the third quarter of 2009 by 0.8% compared to the previous year, presenting significant opportunities to foreign investors. |
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| 3. | Starting a company in Singapore is straightforward. Healy Consultants deals with all formalities related to starting a company in Singapore, including preparing and submitting incorporation documents. Our clients are not required to visit Singapore when starting a company in Singapore. Because of this, and low government costs for starting a company in Singapore, it is a cost-effective jurisdiction. |
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| 4. | The main advantage of starting a company in Singapore is its tax incentives. If properly-structured, a Singapore company is legally tax-exempt on profits earned outside Singapore (see the Inland Revenue Authority of Singapore website. Furthermore, S$200,000 (approximately US$145,000) of corporate profits earned in Singapore is tax free during the first three years of trading (provided total income exceeds S$300,000). |
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| 5. | The Singapore Economic Development Board (EDB) provides a wide variety of flexible financial schemes for entrepreneurs planning on starting a company in Singapore, especially for companies employing high levels of technology. Contact us for more information. |
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| 6. | After starting a business in Singapore, having a reliable partner or representative is vital if you do not plan to live in Singapore. In addition to our professional company secretary and resident director services, Healy Consultants provides a Singapore virtual office which acts as a 'home away from home' for many global business people. |
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| 7. | That said, several investors incorporating in Singapore, voted that the city has the most attractive quality of life in Asia by the 2010 Mercer Human Resources Survey. After starting a company in Singapore, Healy Consultants obtains Singapore residence and employment visas for clients. |
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| Contact Us | ||
For additional information on starting a company in Singapore, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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