How to register a company in Singapore? Interpretation of the whole process of registering a company in Singapore Singapore is known as one of the “Four Little Dragons of Asia”,Its economic model is called "state capitalism"。Singapore is a member of the Association of Southeast Asian Nations (ASEAN),Also the World Trade Organization (WTO)、One of the member economies of the Commonwealth and the Asia-Pacific Economic Cooperation (APEC)。
Singapore has a world-class port and international airport and is a world-renowned financial and trade center.,With perfectly developed tourism、communication、finance、Education and the Free Economic System。at present,Singapore has become the most popular international city for investors from all over the world.,More and more Chinese are registering companies in Singapore,As a powerful springboard for domestic enterprises to go global。
Singapore has a stable political environment、Excellent location、Complete infrastructure and full English language environment, etc.
Advantages
,The comprehensive business environment is very favorable。In the "2014 Doing Business Report" released by the World Bank,Singapore’s business environment ranks first among 189 economies around the world for the 8th consecutive year。So,What are the benefits of registering a company in Singapore?
Advantages
Woolen cloth?
Today Mr. Qiu will give you an analysis:one、Business registration is easy. Business registration procedures in Singapore are simple.,
cost
low,Attracted a large number of multinational companies to settle in。
Adults of any nationality (over 18 years old),Just provide Singapore registered address,Appointment of a Singaporean director、a local secretary,and provide company name、Articles of Association and Articles of Association、certificate of identity、Company registered address and office hours report form,Company registration can be completed within 3 working days。The Business Registration Authority of Singapore is the sole authority for business registration,All companies must apply for registration with the Commercial Registration Office。
except bank、finance、Insurance、securities、通讯等行业和对环境有影响的生产行业需向政府其他管理部门申请许可外,其他商业机构和公司只需通过商业注册局注册即可开展业务。
two、注册资本条件宽松新加坡公司法规定设立公司最低注册资本为10万新元,实行认缴制,Shareholders may decide to increase registered capital and paid-up capital at any time,Capital does not need to be actually in place,All you need to do is fill in the form and pay the
cost
That’s it。
three、Business activities will not unduly restrict daily supervision after the company completes registration in Singapore,such as labor protection、intellectual property、Supervision of environmental protection and other aspects relies entirely on a sound legal system.,The government does not conduct routine administrative management of enterprises。Singapore implements annual reporting system,Companies need to submit annual reports in accordance with regulations within one month after the shareholders’ meeting.,Also submit audited financial statements。
The government’s understanding of business operations mainly comes from corporate annual reports。Four、Singapore has a high degree of investment liberalization and is open to foreign investment.,There are no restrictions on the business scope of enterprises,Encourage enterprises to invest abroad。Except for national defense-related industries and some special industries,Singapore has no industry restrictions on foreign investment.,Business、foreign trade、lease、marketing、Telecommunications and other markets are fully open,But foreign capital entering finance、Insurance、Securities and other special fields need to be filed with the competent authorities。
Singapore has also formulated a series of policies to support and encourage local companies to invest abroad,Such as overseas enterprise incentive plan、Internationalization Roadmap Plan、Overseas investment double deduction scheme, etc.。five、High level of financial liberalization As the fourth largest financial center in the world,Singapore completely lifts foreign exchange controls。There are no restrictions on remittance of corporate profits to Singapore and no specific taxes or fees are payable.。Foreign-funded enterprises only need to follow the bank’s
Require
Provide relevant documents,You can freely open a bank account in Singapore。
Foreign-funded enterprises can apply to local banks in Singapore、Foreign banks or other financial institutions apply for financing business。Enterprise Singapore、The Economic Development Bureau and other agencies also provide preferential financing conditions to foreign companies.,Nu Skin Corporate Development Plan、Entrepreneur Incentive Program etc.。six、Singapore has a high level of trade liberalization and implements free trade policies.,Trade facilitation is at a leading level。
新加坡目前拥有亚洲最广大的自由贸易协议网络,方便企业有效轻易的进军国际市场。已与新加坡签订协议的主要经济体包括:USA,Japan,China,澳洲,新西兰,欧盟,约旦,智力,South Korea,印度和巴拿马等。seven、超低的企业税率新加坡对内外资企业实行统一的企业所得税政策。
Taxpayers of corporate income tax include companies incorporated in Singapore in accordance with Singapore law、Foreign companies registered in Singapore,and not established in Singapore、However, foreign companies (except partnerships and sole proprietorships) that have taxable income derived from Singapore in accordance with the Singapore territorial principle。
Singapore has one of the lowest corporate and personal income tax rates in the world,Personal income tax rate is 3.5%-20%,The corporate income tax rate is only 6%-18% for the first three years of new company registration.,Tax exemption for annual turnover less than S$100,000。In terms of tariffs,Policies are relatively loose。Except alcohol、Tobacco (including cigarettes)、oil、Other than motor vehicles,Singapore exempts all imported goods from tariffs。
国际运输服务和与进出口相关的运输服务,以及与进出口有关的货物装卸、搬运、保险等服务都适用零税率。eight、自然人移动自由新加坡工作签证种类较多,无论是从事高端研发、管理工作的”金领”阶层,还是低端蓝领工人,都可以根据自身学历、技能水平获取不同的签证。
In accordance with the "Foreign Manpower Employment Act",Singapore implements quota system for foreign workers,Different industries have different quotas,For example, the manufacturing and service industries are 60% and 45% respectively.。Employers who hire foreign labor must also pay labor taxes to the government,Labor tax varies according to different industries、The proportion of foreign labor employed varies by skill level and employer。
Nine、Taking into account the convenience of taking care of things, Singapore is about a 5-hour flight from China.,It is a great convenience for businessmen who need to take care of business in both Singapore and China.。Process of registering a company in Singapore 1、Provide the name of the company you want to register。2、Determine company name availability。3、Reserve company name with ACRA。4、Submit the articles of incorporation of the proposed company to the Accounting and Business Registration Authority of Singapore and pay the specified amount of registration fee。
5、Singapore Accounting and Business Registration Authority issues company registration certificate,Get the registration certificate。at the same time,Submit other registration documents listed in step 2。6、After receiving the company registration certificate。7、Complete all formalities。
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