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Business Formation in singaporeSingapore is growing to be one of the Asia’s most preferred destination to incorporate a company and start a business in this country. Because of the various factors like geographical proximity and the liberal laws of the country, the multinationals are preferring this country to manage their businesses globally.

 

Company Incorporation Singapore

Why you should have an off-shore office in Singapore:
Singapore country offers various incentives to the corporate running their business in the country. Some of the incentives has been given below:-

  • Singapore is rated #1 in the world by World Bank for ease of doing business;
  • Singapore is ranked the third wealthiest nation in the world by Forbes magazine;
  • There are no dividend or capital gains taxes in Singapore
  • Personal tax rates start at 0% and max out at 20% above $320K;
  • Singapore is situated in the heart of Southeast Asia, making it possible for your business to access a market of 2.8 billion people within a few hours flight; and
  • Singapore's extensive network of Free Trade Agreements, Avoidance of Double Taxation Agreements and Investment Guarantee Agreements, as well as its comprehensive air, sea and IT infrastructures, provides for the seamless flow of goods and services to markets around the world.

Tax incentives to start-ups in Singapore

  • Zero tax rate on first $100000 for first three years of incorporation;
  • 50% exemption in the corporate tax rate on another $200000 for first three years of incorporation;
  • Certain other tax rebates to the corporates as and when changes are brought in the budget on an annual basis; and
  • GST will be applicable only after crossing a turnover of $ 1 Million.

How ASC can help you in achieving your goals:

  • Entry into Singapore;
  • Incorporate your company;
  • ASC provides nominee director, company secretary and registered office address;
  • ASC provides you all the advisory while you sit in India or your home country

Why Singapore is easiest place to do business??
According to the latest survey, Singapore is one of the ideal and easiest countries to do business in the world. One of the major factors that attract the investors to Singapore is absence of corruption in public and financial institutions and the safety of doing business in Singapore (Natural and Man-made disasters).Singapore’s economy is the most business friendly economy.
The booming economy of Singapore has earned this small country a nickname of “Asian Tiger”. The distinct economy advantage is its location. The island is situated along important shipping routes in South East Asia. The natural deep water ports and shipping routes make trade a very key part of the economy. Trade and Commerce are key parts of the economy. Singapore believes in free trade and in 2015 it became the first ASEAN country to sign a Free Trade Agreement (FTA) with the European Union. Human capital and skilled labor adds to the prosperous economy.

Procedure for Business Set-up in Singapore-
*Before starting a business in Singapore you need to register your business or company with Accounting and Corporate Regulatory Authority (ACRA).
*A person who is not the resident of Singapore can for Entrepass from the Ministry of Manpower before incorporation of the company and if he has no intentions of staying in the country he can appoint a local resident on behalf of him as Director.
*Businesses are registered under Business Regulatory Act. It can be a sole propertiership firm or group of individual’s forms a company under Company Act
The duration time for a company registration takes approximately 2 days

Government provides tax exemption to start-ups under following three conditions-
*The company must be incorporated in Singapore
*The company must be a tax resident in Singapore for that year of assessment
*The company must not have more than 20 shareholders throughout the basis period for that year of assessment.

We provide complete business support which enables to carry out your business smoothly in Singapore.
ASC provides you all the business related support to carry out your business in Singapore etc.

Our Services
Incorporate Company in Singapore
Incorporation of Company
Company incorporation is the first
and prima facie step towards
Trademark Registration
Trademark Registration
ASC can act as your counterpart
to get the trademark
Secretarial Services
Secretarial Services
Updation of statutory registers
and books


Compliance Solutions
Compliance Solutions
After the completion of incorporation
process, every company in
Annual Filing
Annual Filing
Filing of documents to ACRA on an
annual basis. The documents
Outsourcing Solutions
Outsourcing Solutions
ASC Singapore also helps its
clients in outsourcing solutions