Singapore Accounting and Business Services provide consultant and business advisement for clients who want to setup a new company in Singapore. We have work closely with our private banker to simplify and shorten the company formation process, and to open a corporate bank account for our clients.
A company is a business entity registered under the Companies Act, Chapter 50. It has a legal personality i.e. it has rights to own properties, it has perpetual succession and it can sue or be sued in its own name.
Singapore is an attractive location to start-up a business as it offers geographical benefits of location, political stability, efficient workforces, structure banking and financial system, and good logistics support. Besides, Singapore Government also offers transparent business policies and taxation system to all corporates.
Company tax rebate are offer for new setup companies within the first 3 years of operations in Singapore.
For example, new companies incorporated in Singapore enjoy 3 years of 100% tax exemption of for first S$100,000 of their revenue, and not require to pay CPF if you are drawing Director fees.
There are few types of Companies you can incorporate in Singapore,
- Private Limited Company Incorporation
- Limited Liability Partnership Incorporation
- Sole Proprietorship Incorporation
- Subsidiary Incorporation
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