Creation company to Singapore
Presentation
Singapore is a state in southeastern Asia, north of Indonesia, and south of Malaysia. It is an archipelago formed by the island of Singapore and more than sixty islands. Singapore has several maritime facades, which make this state an essentially port state. Its capital is also called Singapore. The Singapore dollar represents the country's official currency for the Singapore-based company.
Politics and international relations
The prime minister holds most of the executive powers, and is accompanied by his ministers in the management of state affairs. The President of the Republic occupies only a symbolic function. Parliament is the legislative authority of the country. PAP dominates the country's political scene. Indeed, all the top state leaders belong or have belonged to this entity. Internationally, Singapore is a member of some international organizations: ASEAN, AFTA, etc. Finally, Singapore is home to the headquarters of the Europe-Asia Foundation for the Creation of Singapore Online Society.
Economic
Singapore, being an island state, its port activities contribute significantly to its economy. In addition, Singapore has a business environment characterized by the absence of corruption. Singapore maintains trade relations with several economic powers: Japan, China, Hong Kong, the European Union, etc. Singapore's financial sector, especially banking, is among the best performing on the Asian continent. An investor who wishes to benefit from the advantages of a strong economy will have every interest in to start a business in Singapore.
Taxation of companies to Singapore
Singapore's tax system
Starting a business in Singapore remains very profitable, since the country's tax system has only a few taxes. In practice, this translates into a low tax rate or the absence of taxation in certain areas for the creation of a company in Singapore.
The corporate income tax rate is 17%, however tiered exemptions are possible. In practice, profits of S $ 300 are exempt at 000% on the $ 50, and 290% on the remaining $ 000. If the company creation in Singapore date less than 3 years, the profit tax is at zero rate. If they are less than S $ 100, it will be 000% for profits between S $ 8,5 and S $ 100.
It should also be noted that capital gains are not taxable in Singapore. The Goods and Services Tax is 7%, and does not apply to international services and exports. Tax credits exist and relate to very specific areas for your company to create online with Fidulink.
Why open a business in Singapore ?
The economic particularities of the State constitute a significant asset favoring the incorporation of companies in Singapore. Indeed, the companies evolve under a healthy business environment, as corruption does not exist in the country. In addition, the country has commercial partnerships, with many economic powers. The setting up a business in Singapore allows these markets to be quickly touched, not to mention that Singapore's banking system is among the safest in Asia. Finally, the high standard of living of the population guarantees a comfortable margin for businesses.
The Singaporean tax system can be considered as a reason for investors to to start a business in Singapore. The tax rate is very low. Some taxes, such as the capital gains tax, are not included in corporate tax obligations.
Singapore has quality infrastructure for the rapid flow of goods, services and information. A company established in Singapore will be able to develop easy activities.
Create a company in Singapore also provides access to a skilled workforce. In practice, most of the population has access to high-level education, making it very effective in many areas.
What types of businesses to start in Singapore?
La incorporation of a company in Singapore. Whatever the status adopted, the setting up a business in Singapore is done in 72 hours. The authorities authorize offshore companies to carry out all legal activities: IT services companies, brokerage activities, consulting companies, or online commerce. It should also be noted that a multitude of holding companies are currently based in Singapore. In addition, entrepreneurs can choose Ready Made Company to speed up the establishment of their business after setting up company in Singapore online with Fidulink.
