Incorporation of Company
Incorporation of Company
Singapore is considered to be one of the most stable countries in the world in terms of politics.The Singaporean economy is one of the most intensively flourishingfinancial systems in the world. The country is a key economic centre of Southeast Asia in such areas as shipping, trade, high-tech, and financial services.
In Singapore, there are no tax-free conditions for companies. However, Singapore’s tax legislation is very favourable for global business as it offers the opportunity to use companies incorporated there in a favourable tax regime.
As a non-resident of the EU, a Singapore PTE company is an appropriate instrument for the purchase of goods in EU countries and their further export to countries outside of the EU. In the event that a Singapore company is used, export from the EU becomes obvious and Vat may be applicable, whereas if a company registered in any EU country is used for this purpose, the seller of the goods may not be sure whether the relevant operation is treated as export from the EU or not and therefore subject to VAT tax.
Singapore legislation provides opportunities for incorporating and operating corporate bodies with a zero rate of tax by means of the Limited Liability Partnership (LLP). A Singapore LLP with foreign members, which does not carry on a business in Singapore and derives no income on Singapore territory, is not liable to tax in Singapore. According to the tax laws of Singapore, a LLP is not considered as a separate subject of taxation. The founders (“Members”) are liable to pay taxes from the profit received by the LLP in their place of residence, in proportion according to their shares of interest in the LLP.
|Principal Corporate Legislation:||The Companies Act, The Income Tax Act.|
|Type of Law:||Common.|
|Language of Legislation and Corporate Documents:||English|
|Type of Company for International Trade, Investment & Tax Planning:||Private Limited Company.|
Singapore Private Limited Company.
Cost of Formation: Request a quotation
Card PMT provide the following services in Singapore:
- Singapore Company Formation
- Registered Office Services
- Company Secretarial Services
- Nominee Shareholder/Nominee Director
- Opening of Bank Accounts
- Full Company Administration Services
- Mailing Address
- Virtual Office
- Book Keeping & Audit
- Trademark Registration
Please contact us for your free initial consultation.
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Please contact us for additional information about incorporation of companies in other offshore jurisdictions.