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Is Singapore Really a Tax Haven? When you hear the term “tax haven”, what runs through your mind? The thoughts that cross your mind would be a place where taxes are levied at a low rate or even zero tax rates. Then comes the question of risk. There isn’t a fixed definition for the term,…
A Foreigner’s Guide to Start a Business in Singapore – Basic Steps Foreigners can incorporate a business in Singapore with 100% ownership rights, benefiting from one of Asia’s most streamlined digital registration environments governed by ACRA with minimal bureaucratic barriers. Three structural options define how foreign entrepreneurs establish local presence. A Private Limited Company provides…
What are the Schemes in Place for Moving to Singapore as an Investor or a Worker? Moving to Singapore is not a hard task if you have a legit reason for doing so. The city-state is welcoming of immigrants, whether that be investors or professionals. However, you need to ensure you have proper guidance regarding…
Things You Need to Know about the Visas Regarding Working in Singapore as a Foreigner If you want to work in Singapore, you will need to apply for an immigration pass. This applies to both, entrepreneurs looking to start their own venture in the city-state and professionals who secure a job in a Singapore-registered company.…
If You Have Been in the Sole Proprietorship Company for Some Time, Why Not Convert Sole Proprietorship Into Private Limited for the Better When the urge to start business surfaces, an entrepreneur would commonly begin with a small business enterprise. This business enterprise would consist of a sole proprietor. It is common for businesses to…
Rates and Rules of Singapore Tax: How Does Personal Tax and Corporate Tax in Singapore Work? Singapore is one of the few places in the world where a 17% corporate tax rate, zero capital gains tax, and zero dividend tax exist within the same jurisdiction, and that combination is the result of a tax policy…
Requirements of Company Registration in Singapore – Guides You Should Know Registering a company in Singapore requires a unique ACRA-approved business name, at least one locally resident director, a minimum of one shareholder, a qualified company secretary appointed within six months, a physical registered address, and a minimum paid-up capital of just SGD 1. Foreign…
Many Couples Are Unaware of the Importance of an LPA for Marriage. Let Us Take a Close Look at the Benefits of an LPA Many people are not aware of the meaning of the phrase “power of attorney”, as well as, whether they really require one or not. The confusion is even more as the…