Why register a Singapore company and are there any benefits?

There are many advantages to registering a Singapore company, which are as follows:

1. Brand effect, which can build an international brand and improve the international visibility and competitiveness of the enterprise.

2. Free foreign exchange, you can open a bank account in Hong Kong and Singapore, receive and pay foreign currencies freely, and you can exchange currencies at any time in the company's account, and the account will receive diversified currencies.

3. The company is free to take its name, such as group, international, investment, holding and other related words that cannot be registered in China, can be applied.

4. Tax avoidance, enjoy Singapore's low tax rate, and can also achieve international legal tax avoidance (applicable to offshore business). For example, Singapore companies are exempt from income tax for their operations in overseas countries and regions, such as Hong Kong. Therefore, Singapore companies can be used to do offshore business and enjoy tax exemption in Singapore and overseas.

5. Preferential policies to achieve asset transfer (internationalization) and protection, Singapore mergers and acquisitions of domestic enterprises, or the establishment of Sino-foreign joint ventures, cooperation or sole proprietorships in China, can realize the internationalization and appreciation of assets.

6. Zero registered capital, registered capital does not need to be actually received.

7. The follow-up maintenance is simple, and the offshore operation company only needs to submit the annual return and the audit report with zero declaration.

8. Obtain the opportunity to immigrate to Singapore, Singapore has actual business operations and taxes, and entrepreneurs can get the opportunity to immigrate to Singapore with their families, and then obtain a green card to successfully immigrate to achieve value-added for enterprises, individuals and families.

Singapore Company Benefits:

1. The tax system of Singapore companies is simple.

Singapore's tax system is relatively simple and investment-friendly, with no restrictions on foreign ownership and no foreign exchange controls, thus providing a relatively level playing field for investors.

In Singapore, the corporate income tax system adopts a single-level regional flat rate corporate income tax system. Taxes are no longer levied on stakeholders under the single-level corporate income tax regime (i.e. companies paying dividends to their shareholders). In addition, capital gains in Singapore are not taxable (e.g. gains on fixed assets**, foreign exchange gains on capital transactions, insurance gains, etc.).

2. The advantages of international excellence.

As we all know, Singapore was one of the most important free ports in Asia before it became an offshore financial center. In recent years, with the development of the international ** and shipping industry, Singapore's status as a free ** port has not changed. Therefore, Singapore can take advantage of its international advantages to break through tariff barriers and sanctions, and minimize the impact of friction between countries.

3. Sign double taxation avoidance agreements with many countries.

The main advantages of a double taxation agreement include the "avoidance of double taxation, reduction of withholding tax and preferential tax regime". These advantages can help reduce the tax burden on corporate structures. Widely signed Double Taxation Avoidance Agreements (DTAS), coupled with the absence of Value Gains Tax (VAT) and dividend tax, make investing from a Singapore-registered holding company a significant advantage.

4. Good business environment.

Singapore's national laws are formulated to establish and improve the business environment, and if business wants to develop, it first needs an open policy, and Singapore's immigration policy is extremely open.

At the same time, Singapore has also established a sound social integrity system and intellectual property protection system, which also makes Singapore's business environment more fair, transparent and honest.

Benefits of registering a Singapore company.

1.Building an international brand can quickly improve the international visibility and competitiveness of the enterprise;

2.Enjoy Singapore's ultra-low tax rate or tax exemption, and also achieve international legal tax avoidance: Compared to other major economies in the world, Singapore has a lower corporate tax rate (0-17%), which is levied on corporate profits; Singapore** has introduced a series of measures to assist foreign individuals or organisations doing business in Singapore to qualify for different levels of tax relief.

At the same time, the company's business transactions outside the country of Singapore are not subject to tax in Singapore**.

3.Circumvent barriers and get more tariff reliefs: Singapore's Free Agreements (FTAs) with a number of countries and regions facilitate businesses to effectively enter the international market, create greater business and investment opportunities, and have the opportunity to obtain more tariff reductions.

4.Favourable investment environment: Singapore has double taxation agreements and investment protection agreements with most countries in the world.

5.Independent legal personality: Singapore company law stipulates that private **** in Singapore has independent legal personality.

It can participate in litigation, own assets; Debt can also be incurred. The liability of the shareholders of the company is limited to the amount they have subscribed for but has not been paid in full. As long as the subscribed ** has been paid in full, the shareholders of the company have no other liabilities for the company's debts.

6.If the income of a private person is exempted for a year not exceeding S$5 million, the accounts for that year do not need to be audited;

7.No foreign exchange control, easy to raise funds; Holding companies can apply for listing on ** exchanges in many countries;

8.Opportunity to immigrate to Singapore: If you have a local business and pay taxes in Singapore, you can also get the opportunity to move to Singapore as a family.

What is unique about Singapore compared to opening an account in Hong Kong???

1. Bank of Singapore, the safest bank in Asia.

According to Global Finance magazine, Bank of Singapore has been ranked among the top three "safest banks in Asia" for many consecutive years, and DBS Bank has been ranked first for nine consecutive years (our company has been working closely with major banks in Singapore for many years).

2. Singapore's normative policies.

Singapore companies have been regulating local secretarial companies 3-4 years ago, conducting a comprehensive and in-depth investigation of newly established Singapore companies, so as to avoid and control financial risks, while Hong Kong only implemented the secretarial company licensing requirements in 2018.

3. Singapore's own advantages.

Singapore is a politically independent and economically developed country, and Singapore, as a world-renowned offshore financial center, has a large number of advantages suitable for business development, including extremely low tax rates, unlimited foreign exchange exchange services, convenient company maintenance procedures and a large network of free trade agreements, etc., all of which show that it is getting better and better.

Fourth, the difference in cost.

Singapore does not require all companies to have their accounts audited, only with an annual turnover (or assets) of S$5 million and more than 50 employees. Hong Kong requires all operating companies to audit their accounts to ensure that the interests of each shareholder are not encroached upon, and it can be seen that Singapore is more friendly to smaller companies.

Basic requirements to register a Singapore company.

1. Company name:

The Singapore company name is in English, and Chinese name registration is not accepted at present;

to pte ltd.End;

The public company is known as Foundation LtdEnd;

A Singapore company must provide a registered address in Singapore;

The company's business address and contact address may be different from the registered address; We can provide a registered address in Singapore.

3. Business scope:

A Singapore company can choose up to 2 business items as its main business scope;

If you have a special business, you need a license.

4. Registered capital:

The minimum registered capital of a Singapore company starts from S$1, and there is no strict time limit for the full payment of registered capital;

In the later stage, the registered capital can be increased freely and no stamp duty is levied.

5. Directors of the company:

The director of a Singapore company must be a natural person aged 18 or above, and the board of directors of the company can consist of one or more directors and include at least one local director (Singapore Permanent Resident, Singapore Citizen, Singapore Entrepreneur or Employment Pass holder);

Singapore company registrar services provide nominee director services to Singapore residents who are not involved in the operation of the company and do not own any shares in the company.

6. Shareholder qualifications:

There is no restriction on the composition of the shareholders of a Singapore company, which can be either a natural person or a company;

A Singapore company can be wholly owned by a non-Singaporean or 100% owned by a non-Singaporean company.

7. Legal Secretary:

One or two local legal secretaries in Singapore.

Key advantages of registering a Singapore company.

Great location. As an international entrepot** hub, Singapore has an efficient and convenient port and air transport industry. Investors can use Singapore as a base from which to explore the Asian market as well as a window into overseas markets.

Quickly enhance the international brand image. In Asia, Singapore has become a one-stop centre for corporate IP asset management. From the creation of intellectual property rights to their protection and utilization, Singapore can add value to enterprises at all high-end aspects of a full set of knowledge industry activities, thereby enhancing their international visibility and competitiveness.

International ** advantages. Singapore is a territorial taxation country, and Singapore companies do not need to pay taxes when operating overseas, which can achieve a true sense of offshore**.

Tax rate advantage. Singapore's taxes are simple and clear, and there are a number of preferential tax incentives. In addition, Singapore has signed double taxation treaties with more than 50 countries, including China.

Information required to register Singapore company:

1. Company name: must be an English name, can only be registered with an English name, and the company type is generally a limited liability company, ending with it;

2. Directors and shareholders: provide scanned copies of ID cards or passports of directors and shareholders, and at least two directors, one of whom is Singaporean;

3. Registered capital: no capital verification is required, the minimum is from S$1, and the maximum is no upper limit; Multiple shareholders are required to provide a percentage of their shares;

5. Business scope: You can choose up to 2 business items, one project corresponds to one**;

6. Legal secretary of the company: we provide;

1. Singapore is a core member of ASEAN, and registered Singapore companies can enjoy ASEAN's zero-tariff free trade;

2. Singapore's corporate tax rate is low, and registered Singapore companies can enjoy various preferential tax policies;

3. Singapore is the financial center of Asia, and registering a Singapore company can help enterprises better build international brands and create a good business scope;

4. Singapore is a foreign trade-driven economy, and the headquarters of many multinational groups are set up here, which can help enterprises enhance their international competitiveness;

5. Registering a Singapore company can help enterprises enhance their overseas financing capabilities and improve their international reputation;

6. Registering a Singapore company has a great advantage for immigrating to Singapore, and applicants can achieve the purpose of immigrating to Singapore by registering a Singapore company.

First of all, registering a company in Singapore is not complicated, and with all the necessary documents, the chances of passing the audit are high. In the process of registering a company, the procedures are not complicated, and you only need to pay the relevant fees to complete the task. The fees paid are not high and do not put a huge financial strain on the entrepreneur.

Secondly, the requirements for a legal person when applying for the registration of a new company in Singapore are not high, as long as you are at least 18 years old, have a registered address and staffing, you can register a company. If the information provided by you is relatively complete, it is possible to complete the registration within three working days.

Third, the requirements for the company's registered capital are not high. In the process of registering a new company in Singapore, it must be a real-name registration, but the requirements for the registration amount are not high. It can be more, or it can be less.

This makes entrepreneurs happier, even if they don't have enough money. Singapore immigration company Yingjin Group said that it wanted to register a company of 10 million, but it did not have enough money in hand, so it didn't matter. At the time of registration, you don't need 10 million to actually arrive in the account, as long as you carefully fill in the relevant ** and pay the handling fee for registering a Singapore company.

Fourth, when registering a company, the taxes and fees paid are very low. Whether it is a local enterprise or a foreign-funded enterprise, they are treated equally when paying taxes and fees, and there is no special treatment. This makes foreign-funded enterprises happier, and the tax rate is not stupid and high, and it can save a lot of expenses.

In particular, newly registered companies can also enjoy a tax exemption policy and pay a lot less money.

Singapore is known to have very low taxes and fees. Both corporate income tax and personal income tax are not very high, and even for new enterprises registered in Singapore, if the business conditions in the first three years are not very good, less than S$100,000, there is no need to pay income tax.

1. Good business environment: Singapore is the financial center of Asia, and registering a Singapore company can help enterprises better build international brands and create a good business scope;

2. Low tax rate: Singapore's corporate tax rate is low, and registered Singapore companies can enjoy various preferential tax policies;

3. Great international influence: Singapore is a foreign trade-driven economy, and the headquarters of 1 3 Fortune 500 groups are located here, which can help enterprises enhance their international competitiveness;

4. Convenient account opening and free access to funds: Singapore companies can choose more banks, and the account opening does not require customers to go to Singapore locally, and can open an account remotely; There is no foreign exchange control, and it is convenient for customers to develop international business;

5. Immigration advantages: Registering a Singapore company has a great advantage for immigrating to Singapore, and applicants can achieve the purpose of immigrating to Singapore by registering a Singapore company.