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Singapore Company Incorporation Guide
A foreign company or entrepreneur may find challenges in navigating the company incorporation process in Singapore. This guide provides a detailed overview of company incorporation requirements, procedure, and timeline for incorporating a new firm in Singapore. Relocating your business to Singapore can create significant Tax savings. Singapore offers one of the most efficient corporate and personal tax regimes … continue reading
Overview of Singapore Business Entities
Choosing the right structure for the business is very crucial for its success. Tax and regulatory compliance requirements varies depending on the type of entity. Moreover, to a large extent the entity type conveys, an image and status of the business among the commercial community in which it operates, thereby showcasing the strength of the … continue reading
Limited Liability Partnership
A Limited Liability Partnership (LLP) is a perfect blend of partnership setup and Private Limited Company. LLP gives owners the flexibility of operating as a partnership while having a separate legal identity like a private limited company. There must be a minimum of 2 partners. Download Related Topics : Singapore Company Registration FAQS | Singapore … continue reading
Singapore Private Limited Company Guide
Most Singapore companies are registered as private limited liability companies (commonly known as private limited companies). A private limited company in Singapore is a separate legal entity and shareholders are not liable for the company’s debts beyond the amount of share capital they have contributed (hence the term limited liability). According to the Singapore Companies Act, … continue reading
Singapore Sole Proprietorship
This type of entity is suitable for small businesses that have negligible or no risks. It is owned by one person who is the decisive authority and owns all the assets and liabilities of the business. The business is not separate from the Owner who has unlimited liability. Therefore the Singapore Sole Proprietorship may be … continue reading
Singapore Partnership
Registering a Partnership business entity in Singapore is most suitable for low profile businesses. It allows the possibility of acquiring capital, talent and strategic assets based on mutually agreed terms. The business must have a minimum of at least 2 partners, and may have a maximum of 20 partners. Download Related Topics : Singapore Company … continue reading
Singapore Subsidiary Company Registration Guide
A Singapore subsidiary is the most preferred choice for foreign companies to establish their presence in Singapore. A Singapore subsidiary is a private limited company and the majority shareholder can be a a foreign or a local company. Singapore allows 100% foreign shareholding. Singapore does not restrict the repatriation of any profit or capital of a … continue reading
Foreign Company Registration Options in Singapore
Foreign companies who intend to setup a presence in Singapore can choose to register a Branch Office or a Subsidiary Company. Singapore Subsidiary Company A subsidiary company is a locally incorporated private limited company whose majority shareholder is either a local or foreign corporate entity. 100% foreign ownership in Singapore companies is allowed. A properly … continue reading
Entrepreneur’s Handbook: Singapore Company Registration
Singapore offers Entrepreneurs world-class infrastructure, well developed capital markets, highly educated work force, rich cultural traditions, stable political institutions, and an attractive tax regime. Consistently Voted No 1 in the World Bank’s “Ease of Doing Business” Report, Singapore is indeed the most ideal location for global entrepreneurs to start it’s business operation. In this comprehensive Singapore Entrepreneur formation … continue reading
Singapore Standard Industrial Classification (SSIC) Codes
Since 1958, the Singapore Standard Industrial Classification (SSIC) has set the industry standard for defining and categorizing economic activities or businesses in Singapore. The latest SSIC adopts the basic framework and principles of the International Standard Industrial Classification of All Economic Activities, Fourth Revision (ISIC Rev.4). The SSIC is amended regularly to remain relevant to … continue reading
Singapore Branch Office Registration Guide
A Singapore branch office is a legal entity registered with the ”Accounting and Corporate Regulatory Authority (ACRA)” of Singapore. A Singapore branch office is considered an extension of the foreign company and not as a separate legal entity. From a taxation point of view, a branch office is generally considered a non-resident entity and therefore not … continue reading
Singapore Representative Office Registration Guide
A Singapore representative office is an office established by a company to conduct marketing and other non- transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. Representative offices are generally easier to establish than a branch or subsidiary, as they are not used for actual “business” (e.g. sales). … continue reading
Singapore Entrepreneur Pass (EntrePass) Guide
To facilitate the establishment and growth of such foreign entrepreneurial ventures in Singapore, Entrepreneur Pass (Entrepass) was launched in 2003. EntrePass immigration scheme is designed for foreign entrepreneurs who wish to start a business in Singapore and will have at least own 30% of company shares. Entrepreneur Pass visa can be applied before incorporating the Singapore company. … continue reading
Singapore Permanent Residence – PTS Scheme
Many expatriates as well as foreign investors and entrepreneurs working in Singapore aspire to make the global city their second home. The Professionals/Technical Personnel & Skilled Worker scheme (or simply PTS scheme), this scheme is for foreign professionals who are working in Singapore at the time of applying for Singapore permanent residence. A majority of PR applications are … continue reading
Singapore Employment Pass Guide (EP)
The Employment Pass (EP) is the main type of Singapore work visa issued to foreign professionals, managerial personnel (managing directors, general managers, CEOs), executives or specialists who wish to work in Singapore. The Ministry of Manpower (MOM) allows foreign professionals to apply for a Singapore Employment Pass after they have incorporated their Singapore company so … continue reading
Singapore Permanent Residence – GIP Scheme
Singapore has emerged as one of the top thriving cosmopolitan cities in the world with a diverse culture and a vibrant economy. Given its political and financial stability, Singapore appeals to investors all over the world to invest both in the country and the economies in the Asia-Pacific region. A dynamic and rich city-state, it’s … continue reading
Singapore Personalised Employment Pass (PEP)
Now that the economic epicenter has shifted towards east the opportunities in this part of the globe is both abundant and attractive. Foreign talent in pursuit of such opportunities in Singapore can take advantage of the Personalised Employment Pass. Although there are several work passes available, Personalized Employment Pass hosts some unique merits that sets … continue reading
Singapore Work Pass Factsheet
Singapore retains an open door policy to foreign professionals. Singapore has a relatively prudent immigration policy that aims to attract and retain high calibre foreign professionals who contribute to and complement a dynamic workforce. Qualified and skilled professionals as well as entrepreneurs may apply for Singapore work passes which are available under the Singapore Employment Pass … continue reading
Singapore Employment Act
As a regional business hub and an open economy, Singapore has an eclectic mix of human capital. The Singapore government has a well-thought out and structured legislation in place in the form of the Singapore Employment Act (SEA), which is the main labor law of the country. The SEA clearly spells out the basic terms … continue reading
Singapore Budget 2013 Snapshot
Here are the highlights of Budget 2013: Wage Credit Scheme Government will co-fund 40% of the wage increases for workers earning up to SGD 4,000 per month. Corporate Income Tax Rebate A Corporate Income Tax Rebate of 30% from YA 2013 to YA 2015, capped at SGD 30,000 per Year of Assessment. PIC Bonus The … continue reading
Productivity and Innovation Credit Scheme
The Productivity and Innovation Credit (PIC) Scheme was first announced in Budget 2010 with the aim of encouraging enterprises to upgrade their capabilities by investing in a wide range of productivity and innovation-related activities. With effect of 2011, a tax deduction of 400% is claimable on the first S$400,000 spent for each of the qualifying … continue reading
Singapore IRAS Personal Income Tax Calculator
A tool from the Inland Revenue Authority of Singapore (IRAS) to compute income tax liability for tax resident individuals. Download Related Topics : Singapore Income tax FAQS | Singapore Personal Tax Rates
Singapore Personal Tax Rates
Singapore’s Personal Income Tax structure is one of the friendliest and most competitive in the world. The tax year is from 1 January to 31 December in each calendar year and income is assessed on a preceding year basis. Singapore’s individual income tax schedule is progressive, with higher income earners paying proportionately more income tax. … continue reading
Singapore Corporate Tax Rates
Singapore corporate tax rate is 17%. The effective tax rate is in fact lower due to partial exemption available to all companies and even more favourable exemptions available to new companies setup. With its extensive double tax treaty network and absence of capital gains coupled with exemptions, makes Singapore the most attractive location for companies … continue reading
Singapore Basic Corporate Tax Calculator
The Basic Corporate Tax Calculator from IRAS is designed for trading companies with commonly used schedules such as the capital allowance schedule. You can use the Tax Calculator to work out and print your company’s tax payable. You can then submit your Form C with your tax computation and supporting schedules. Download Related Topics : … continue reading
Singapore Accounting Services
This guide contains detailed information on Rikvin’s full range of accounting services, from Bookkeeping to Payroll Management. Overview: The Singapore Companies Act requires all companies to record and maintain proper accounts to be laid at the company’s AGM. Each company has to file the AR or XBRL and Form C and tax computation where required … continue reading
Singapore Goods and Services Tax Guide
Concept of GST Goods and services tax (GST) is a tax on domestic consumption. The tax is paid when money is spent on goods or services, including imports. It is a multi-stage tax which is collected at every stage of the production and distribution chain. “GST” is similar to the Value Added Tax (VAT) in … continue reading
IRAS eTax Guide – GST: Approved Refiner and Consolidator Scheme
This e-Tax Guide provides details of the new Approved Refiner and Consolidator Scheme (ARCS). The scheme is a measure to ease cash flow and compliance of qualifying refiners and consolidators of Investment Precious Metals (IPM) in their payment of GST on import and purchase of raw materials as announced by the Deputy Prime Minister and Minister for Finance in his … continue reading
Transfer Pricing in Singapore
Transfer pricing refers to the determination of prices at which goods, services and intangible properties are transacted between related parties. When unrelated parties deal with each other, independent market forces shape the commercial pricing of such transactions. However, in transactions involving related parties, their commercial and financial relations may lead to the setting of prices … continue reading
Singapore Tax Exemption Scheme for New Startup Companies
The tax exemption scheme for new start-up companies was introduced in Year of Assessment (YA) 2005 to support entrepreneurship and help our local enterprises grow. ... continue reading
Wage Credit Scheme
Under the WCS, the Government will co-fund 40% of wage increases given to Singaporean employees earning a gross monthly wage of up to $4,000. ... continue reading
Singapore Tax Incentives
The Singapore Government provides tax incentives for business activities that enhance the country’s economic or technological development. Tax incentives are available to a wide range of industries, including manufacturing, shipping, trading, investment and financial services sectors. Tax incentives are either in the form of an exemption from taxation or a reduction in the tax rates. … continue reading
PIC Bonus
The Productivity and Innovation Credit (PIC) Bonus, announced in Budget 2013, gives Singapore companies a dollar-for-dollar matching cash bonus for 3 years. ... continue reading
Singapore Government Grants
This guide provides a detailed summary of various government grants for businesses in Singapore. The Singapore government has rolled out a range of support programs to provide Singapore companies access to funding and financial assistance schemes. ... continue reading
Singapore Taxation Guide 2013
Singapore has one of the most attractive tax regimes in the world, making it an ideal business hub conducive to entrepreneurship and new investments. The maximum corporate tax rate in Singapore is 17%. However, when taking into account partial tax exemption, incentives, and rebates, Singapore has the lowest effective corporate tax rate in the world. … continue reading
Singapore Central Provident Fund (CPF) and Skill Development Levy (SDL) Rates
The Central Provident Fund or CPF is a compulsory pension fund scheme in which the employer and employee contribute a percentage of the monthly salary to the fund. CPF contribute on by the employer is mandatory for all local employees who are Singapore citizens or permanent residents earning more than S$50 a month. The maximum … continue reading
Singapore Virtual Office Service
As every new business in Singapore must have a corporate local registered address, Rikvin provides virtual office services to help overseas companies complete the registration process and commence their operations even in the absence of a physical office space. Rikvin’s Singapore Virtual Office Service incorporates the use of a prestigious office address in the Central … continue reading
Singapore Company Secretary Guide
In accordance with the Singapore Companies Act, you are required to appoint a Company Secretary within six months of incorporating your Singapore company. This guide lists the responsibilities of a Company Secretary. Download Related Topics : Company Secretary FAQS | Corporate Secretarial Retainer Services
Trademark, Copyright and Patent Registration Guide
A trademark is a letter, word, name, signature, numeral, device, brand, heading, label, ticket, shape, color, aspect of packaging or a combination of these, which is used in the course of a business or trade to distinguish a person’s goods or services from those of others. Download Related Topics : FAQS on Trademark Registration | … continue reading
Singapore Accounting Services
This guide contains detailed information on Rikvin’s full range of accounting services, from Bookkeeping to Payroll Management. Overview: The Singapore Companies Act requires all companies to record and maintain proper accounts to be laid at the company’s AGM. Each company has to file the AR or XBRL and Form C and tax computation where required … continue reading
Payroll Management Services
Managing your payroll can become a rather onerous process, particularly when your employee head count begins to increase as your business grows. To ensure compliance with the regulatory requirements and keep your staff at ease, care needs to be taken when computing and disbursing salaries, as well as in calculating, processing and reporting components such … continue reading
Marshall Island Offshore Company Registration Guide
Marshall Islands is a zero-tax jurisdiction. Marshall Islands Offshore Incorporation offers also no withholding and capital gains taxes. This makes Marshall Islands is an ideal place to setup a tax-efficient corporation to engage in international business, where minimal reporting and minimum record-keeping requirements and comprehensive confidentiality are among the features. Download Related Topics : Marshall … continue reading
British Virgin Islands Offshore Incorporation Guide
The British Virgin Islands comprise around 60 tropical islands situated in the Caribbean. It is an attractive business and financial centre for international companies and especially popular among maritime companies. Download Related Topics : BVI Offhsore Company Setup | Offhsore Company Registration Services
Seychelles Offshore Incorporation Guide
Seychelles IBC is a tax-free corporation designed for engagement into all forms of international business, with no reporting and recordkeeping requirements and with comprehensive confidentiality features. Download Related Topics : Seychelles Offhsore Incorporation | Foreign Company Registration Options