Docstoc

Asiabizsetup Encourages Foreign Entrepreneurs To Start a Singapore Company

Document Sample
Asiabizsetup Encourages Foreign Entrepreneurs To Start a Singapore Company Powered By Docstoc
					 Asiabizsetup Encourages Foreign Entrepreneurs To Start a Singapore Company

Located at the crossroads of east and west, Singapore has the compelling capacity to strengthen
its position as a global investment center in Asia Pacific. The sophistication of its technology
brings forth infrastructure that enables the city-state to satisfy the variable demands of global
business and industry.

Its air transportation is among the world’s most competitive with flights to 200 cities in 60
countries accommodated daily from 90 airlines serving 64 million passengers a year. In week,
Changi International airport handles 5000 flights.

The Port of Singapore, the world’s second-largest transshipment port, maintains connections to
more than 600 ports in 123 countries by 20,000 vessels from more than 200 lines and generated
18.1 million TEU including daily voyages to major ports in the world.

Singapore’s economy is founded on free trade. In a discussion with Asiabizsetup, a company
registered in Singapore to assist foreign investors incorporate a company, its representative
explains that “the city-state is known in the international community as a major importer and
exporter of goods and services.”

An advocate of free trade policy, Singapore maintains sound economic relations with the world
economies. It strengthens its free trade agreements to 17 different countries and several bilateral
agreements with countries in Asia Pacific.

Just in the third quarter of 2010, the country tallied a 18.6% GDP growth, dozens of new
companies registered, and hundreds of employees joined the workforce.

Consistently attracting entrepreneurs and investors is the attractive business policy of Singapore.

“Resident companies experience tax exemptions on the first S$100,000 revenues accumulated
on its 1 3 years,” Asiabizsetup resumes its explanation, “an additional 50% discount is awarded
       st


to the next S$200,000 profit.”

On the 4 year of assessment, companies are levied with 8.5% on revenues between S$100,000
            th


and S$300,000. Beyond that, the corporate tax is flat at 17%.

Some companies are also given tax incentives to encourage foreign capital inflow into Singapore.
Foreign individual’s personal income tax rate from employment is set at 15%.

Foreign entrepreneurs can register a Singapore company with flexible business structure options.
Asiabizsetup continues saying, “foreigners can select from a sole proprietorship, partnership, and
limited liability partnership. They may also own all the company shares.”

All business structures require an appointment of a local manager who holds ordinary residence.
Unlike a company, business firms are not obliged to appoint a company secretary, director, and
shareholder.
“Entrepreneurs are not subject to double taxation,” Asiabizsetup concludes its discussion, “they
can deduct their business losses from their income, thereby, mitigating personal income tax
rates.”

Singapore actively engages in innovation to better understand and satisfy the demands of
businessmen and situation.

About the Publisher:
Since its inception, Asiabizsetup has served the community by taking charge of Singapore
company registration, incorporation of a company, processing the necessary working visas of
entrepreneurs or employees, and providing services such as accounting, secretarial and statutory
compliance with certain requirements.

Asiabizsetup is a company that provides Singapore company incorporation services to local
and foreign entrepreneurs and investors and offer consultation regarding the immigration and
taxation law, and book keeping requirements, and other compliance matters stated under the
Singapore law. The company has successfully help hundreds of foreign entrepreneurs form a
Singapore company.

For more information visit:
AsiaBizSetup PTE LTD
address: 120 Telok Ayer Street Singapore 068589
phone: (65) 62426533
email: sales@asiabizsetup.net
website: http://www.asiabizsetup.net

				
DOCUMENT INFO
Description: Located at the crossroads of east and west, Singapore has the compelling capacity to strengthen its position as a global investment center in Asia Pacific. The sophistication of its technology brings forth infrastructure that enables the city-state to satisfy the variable demands of global business and industry.