AsiaBiz

Overview of Singapore Business Entities

admin — Wed, 31 Aug 2011 05:04:21 +0000

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 entity’s relationship with internal and external partners such as employees, suppliers, clients, financial institutions etc. Read the overview on which type of entity would be suitable for your company set-up.

Topics covered in this document:

Sole Proprietorship
General Partnership
Limited Liability Partnership
Types of Private Limited Company
Exempt Private Company
Public Company Limited by Shares
Public Company Limited by Guarantee

Singapore Global Investor Programme Guide

admin — Wed, 31 Aug 2011 05:02:01 +0000

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 the chosen place for many to call it home.

If you would like to be a Permanent Resident of Singapore, download this guide to learn about the eligibility criteria and the investment options available to you.

Productivity and Innovation Credit Scheme Guide

admin — Wed, 31 Aug 2011 05:00:36 +0000

The PIC Scheme was first announced in Budget 2010 with the aim of stimulating enterprises to invest in upgrading their operations and to encourage a wide range of innovation-related activities in Singapore. A tax deduction of 400% ( up from the previous 250%) on the first S$400,000 (up from S$300,000) spent for each of the qualifying activities. That a saving of 68% of your tax bill for all your innovation credits purchases.

The Productivity and Innovation Credit (PIC) Scheme has been further enhanced for Singapore Budget 2011. Download this guide to find out more about the qualifying expenditures and the total deductions and allowances under the PIC Scheme.

Singapore Personal Tax Rates

admin — Wed, 31 Aug 2011 04:58:59 +0000

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 Tax adopts a progressive personal tax rates, relative to an individual’s amount of income.

This guide provides information on income tax rates for non-resident inividuals as well as personal income tax reliefs.

Singapore Virtual Office Service

admin — Wed, 31 Aug 2011 04:57:51 +0000

A virtual office is one of the most innovative concepts in the business world. It allows small and large businesses to have a prestigious office address at a fraction of the cost of renting physical office space. Professional receptionist can answer your calls and forward your mail while you run your company business from anywhere in the world.

All-in-One package

Sign up for a all-in-one package from AsiaBiz which will include a virtual office address, telephone answering service, mail forwarding service, and a fax-to-email forwarding service. Essentially, you can benefit from having a fully manned and professional office at a fraction of the cost.

Singapore Employment Pass Guide

admin — Wed, 31 Aug 2011 04:57:01 +0000

Employment Pass (EP) is the main type of Singapore work visa issued to foreign professional, managerial (managing director, general manager, CEO), executive or specialist who wishes to work in Singapore. The Ministry of Manpower (MOM) allows the foreigner to apply for a Singapore Employment Pass after they have incorporated their Singapore Company to enable them to live and work in Singapore. The EP does not fall under any quota system nor is there a monthly levy charge for EP.

Singapore Entrepreneur Pass Guide

admin — Wed, 31 Aug 2011 04:55:36 +0000

Singapore government is receptive towards entrepreneurial efforts, especially the innovative and technical type which will perpetuate knowledge based economy. To facilitate the establishment and growth of such foreign entrepreneurial ventures EntrePass (Entrepreneur Pass) was launched in 2003. Applications are reviewed against a set of criteria that gauges the effective economic benefits that the proposed venture will bring to the country. Besides job creation for the locals another significant aspiration behind EntrePass is to foster innovation.

Singapore Corporate Tax Guide

admin — Wed, 31 Aug 2011 04:54:19 +0000

This guide contains comprehensive information on Singapore’s Corporate Tax system. It highlights exemption qualifications for startup companies and partial exemptions for all other companies.

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 to setup.

Singapore Taxation 2011 Guide

admin — Wed, 31 Aug 2011 04:47:10 +0000

This overview of Singapore tax matters contains information on the following:

Singapore Corporate Tax
Productivity and Innovation Scheme
Capital Gains Tax
Withholding Tax
Personal Income Tax

Permanent Residence for PTS Guide

admin — Wed, 31 Aug 2011 04:45:46 +0000

A significant majority of the PR applications are made under the Professional/Technical Personnel and Skilled Workers (PTS) scheme, which is the most certain route to obtain PR. Invariably the immigrants working here, aspire to make Singapore their second home, thus they become eligible under the scheme accounting for the popularity of the scheme. The selection process however has remained strict and the recent developments have made it more stringent.

Do you want to become a Singapore Permanent Resident? Download this guide to learn more about the eligibility requirements and the commitments that come along with the PR status.