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Introduction to Singapore Company Incorporation

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					Singapore 鈥檚 corporate taxation has contributed a major part in Singapore 鈥檚
worldwide popularity as a pro-business country. The corporate taxation states that
start up companies are to pay Zero tax on the first S$100,000 of chargeable income
for the first three consecutive years. In addition, a 50% exemption is given on the next
S$200,000 of the chargeable income. This has been the major reason why Singapore
was ranked first in the list of World's Easiest Place to do Business given by World
Bank, Ease of Doing Business Report, 2010. For this reason, foreign individuals and
companies are encouraged to form a Singapore company.
 For business entrepreneurs who are searching for help in Singapore company
incorporation, please check the basic requirements below: 鈥 ?Minimum 1
Shareholder + 1 Resident Director + 1 Company Secretary 鈥?Minimum initial
paid-up share capital is S$1 鈥 ?Singapore Company must have a Singapore
registered office address
 For business entrepreneurs who are in doubt of what type of business structure to use,
we have prepared a brief description for each business structure: 鈥?Branch office: A
branch office is an extension of its foreign parent company and is not a separate legal
entity. Liabilities extend to the parent company. 鈥?Subsidiary: A subsidiary is a
Singapore private limited company and is a separate legal entity. Liability is limited to
the subsidiary and does not extend to the foreign parent company. 鈥?Representative
office (RO): A RO has no legal status and is a temporary administrative office meant
for conducting market research or co-coordinating activities. Liabilities extend to the
foreign parent company.
 For foreigner business entrepreneurs, here are some of the basic points to remember:
鈥?Engage a Professional Firm: Foreign corporations and individuals must engage a
professional firm that specializes in company incorporation in Singapore to set up a
company. 鈥?Work Visa for Foreign Individuals: Foreign individuals who wish to
relocate to run their new Singapore Company operations have two types of work pass
to choose from. 鈥?Work Visa for Foreign Corporation Management Staff: Foreign
Corporation that plans to relocate their management staff to Singapore to run their
new Singapore company setup must apply for Employment Pass. 鈥 ?Foreign
Individuals/Corporation Not Relocating to Singapore: Foreign Individuals and
corporations that do not intend to relocate to Singapore to operate the company must
appoint a Singapore resident director in accordance with the Singapore Companies
Act.
 Now that you have basic information in Singapore company incorporation, you can
now proceed by hiring an authorized business registration firm that will help facilitate
all concerns on incorporation.
 Rikvin provides a complete corporate solution under one roof for Singapore
Company Incorporation and process registration of private limited companies,
formation of offshore companies with opening of corporate accounts, business
registration including accounting, tax, immigration related to work passes visa and
compliance services in Singapore.

				
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posted:2/22/2011
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