Company Incorporation In Singapore

As an Entrepot between East and West, Singapore is an important part of the global supply chain. Entrepreneurs beeline to get the benefits of company formation in Singapore. The process is simple and short, and anyone over the age of 18 can initiate it. The benefits include ease of establishing a new company set up in Singapore, low tax rate, political stability, availability of funding and tax exemption schemes. What are the benefits of registering a company in Singapore? Low-Income Tax Rates Corporate Income Tax:  Singapore corporate income tax rates are low, and they range between 0%-17%. These are low when you compare them with the corporate tax rates charged by other countries. It enables companies to use the saved money for product development, marketing campaigns, market research, or to pay dividends to their shareholders. Personal Income Tax:  Singapore personal income tax rates range from 0–22%. It is a progressive tax. The rates applicable depends on your tax residen...

 Yes, there is no doubt that regular bookkeeping is an important task. And like every other Singaporean business owner, you want to be on top of it. However, as a multi-tasking small business owner, you always have something urgent to do. Fortunately, you can outsource it to one of the bookkeeping services in Singapore to ensure your compliance. After all, bookkeeping is an administrative and non-core task. You can execute it to perfection, and still, it will not yield any revenue or profit for your business. Appointing the right bookkeeping service provider can help you in growing your business. The move will free you of the task and save your time, mental focus, and hours of manual work. Advantages of Appointing the Right Bookkeeping Service Provider As per the ACRA rules, regular bookkeeping and accounting of the books are mandatory for the companies in Singapore. Without it, it will be difficult for you to know the state of its finances to the last dollar. And, cas...

Enlisting expert assistance of outsourced accounting services to ensure business' compliance has become a trend in Singapore. Doing so helps you in keeping your focus on the core goals of your small business and in improving its cash flow. It is not a secret that acquiring new customers helps you grow your revenue, and retaining existing customers helps you create a loyal customer base. However, it will only happen if you have enough time to devote to ensure customer satisfaction. Save Time, Resources, & Effort and Be Free of Any Worry If, like many other small business owners, you are starved for time and do not have time for non-core tasks like accounting, appoint a provider of accounting services for small businesses . Doing so will help you save time and resources on your business' accounting. Getting rid of non-core administrative tasks will ensure that you have enough time in hand to maintain your competitive edge. Hand over your accounting tasks to an experienced acc...

 As a business owner, you need to know how much tax you owe to the IRAS at the time of Singapore tax filing. Any mistake with it can land you in legal trouble with the agency. It is why approaching the due date for tax filing makes business owners fidget and worry. If you are one of these owners, then hiring a professional accountant from a Singapore tax services provider is the best option for you. It enables you to evaluate your business' financial standing in relation to profit and loss. It gives you a chance to appraise the situation and to improve it, if necessary, to assert your competitiveness. Improve Recordkeeping When you hire a provider of Singapore tax services, you can depend on their accountant to record and report each of your business' financial transactions accurately using the latest accounting software. This digitised data is useful in many ways. They can use it to prepare vital financial statements as well as management reports for you. Maximize Tax Deducti...

  Is the thought of company incorporation giving you sleepless nights? Well, there is no cause for you to hesitate about your  company registration in Singapore . Even if you are new to the Singapore marketplace, go ahead, as there are many experienced providers of corporate services to help you manage it.  Company Registration Singapore Singapore company incorporation  is a streamlined process. Still, locals, as well as foreigners, prefer to appoint a registered filing agent for the task. These providers assist an d  advise you with them every step of the company registration process, documents required, official ACRA fees, Etc. Some of the agents even assist you with post-incorporation activities like opening a corporate bank account with a local bank in Singapore. On the other hand, if you are familiar with the process, you can register your company independently. As a foreign entrepreneur, you will need to hire a reliable agent for the company incorporation....

  If you are a foreign individual or corporate bent on a new company setup in Singapore, then let me tell you, you have chosen well. Singapore is an ideal business destination. As per the World Bank Report 2020, it is 2nd best place to do business. Here is a guide to help you speed up your company registration in Singapore. Innovative business ideas can grab you b y  the throat and make you take action, such as company registration. If you are at such a juncture, do not hesitate. Your inexperience with the Singapore business environment or lack of knowledge about how to go about  company registration Singapore  doesn’t count. Don’t let it stop you. Steps to a New Company Setup in Singapore In Singapore, you can hire one of the agents or providers of company registration services for the task. For an affordable fee, you can leverage their expertise to start your new Singapore company without any hassles. Even ACRA, the Company Registrar, advise it. If you are local, t...

  As per the Company Law, companies in Singapore must hire a company secretary within six months of their date of incorporation. They can hire an individual ordinarily resident of Singapore. However, the task is complex. So many company directors hire an experienced provider of Singapore company secretarial services.  Doing so actually works for them as they get quality  company secretarial service  from these firms. An in-house company secretary in Singapore is costly in the long run. And these firms charge affordable fees for company secretarial services provided. The company secretarial service provided by them includes; Maintaining company registers Inform company directors about the due dates: annual filing, tax filing, Etc Showing it to the ACRA officials when they visit Filing documents in the company register folder Custody of company’s important documents: incorporation papers, board’s resolutions, shareholder agreements, and filed annual reports Updating AC...