Hans Teo
Here, we let you in on the top factors why offshore firms are choosing to incorporate their businesses in Singapore and how company incorporation services providers can help these companies achieve their business goals faster.
Restriction on permitted business activities is almost non-existent, and all sectors are granted 100% foreign shareholding.
With a fully computerised and streamlined system, business registration is a breeze for any offshore company. All it takes is just the approval of your company and submission of your incorporation documents, which can all be accomplished online.
Offshore firms looking for a Singapore company incorporation can expect a simple tax system that is defined by low corporate and personal income tax rates as well as tax relief incentives. The best part is that they don’t need to worry about any other taxes such as dividend and capital gains taxes while benefitting from an extensive tax treaty network.
Singapore takes pride in having a transparent and corrupt-free government, with rules and regulations that are straightforward and pro-business. This is backed by a wide selection of local and foreign banks for opening an account.
Being incorporated in Singapore spells credibility and legal entity stature for any offshore firm. This means an offshore company can expect to be treated with utmost trust and respect by anyone it deals with such as bankers.
Hans Teo has wealth of knowledge and experience in accounting for Singapore business. He also provide company incorporation and [...
