Slides from a webinar for Indian entrepreneurs about how and why to start a business in Singapore.
Contents:
1) Singapore for business: pros and cons
2) How to incorporate: requirements, process, costs
3) What can go wrong and how to prepare for it
More details on http://osome.com
How to start a business in Singapore from MalaysiaVlad Sharuda
Slides from a webinar for Malaysian entrepreneurs about how and why to start a business in Singapore.
Contents:
1) Singapore for business: pros and cons
2) How to incorporate: requirements, process, costs
3) What if I want to move to Singapore
4) What can go wrong and how to prepare for it
More details on http://osome.com
This presentation shows the methods of incorporating your company in Singapore, its various advantages and various methods.
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
With more than a decade of experience, JJ & E is a leading professional provider offering a one stop solution for corporate service, inclusive of Incorporate / Register Company in Singapore, Company Secretary, Accounting & Tax Filing services, Virtual Office, Registered Address and Corporate Identity & Printing solution.
Entrepreneur’s Handbook: Singapore Company RegistrationRikvin Pte Ltd
Singapore offers Entrepreneurs world-class infrastructure, well developed capital markets, highly educated work force, rich cultural traditions, stable political institutions, and an attractive tax regime.
In this comprehensive Singapore Entrepreneur formation handbook, you will find all the information you need to incorporate a Singapore company and how Rikvin can help your business take off to greater heights.
Details about company registration in Bangalore and company formation services being offered by Sunshine Corporate Consulting Private Limited in the city of Bangalore. The document also shed light into steps involved to Incorporate/ Register a Private Limited Company in Bengaluru as well as in other parts of india. For the registration of the company there are important yet mandatory document are needed. The last section of the presentation explains the type of documents needed to complete the registration process of a private limited company.
How to start a business in Singapore from MalaysiaVlad Sharuda
Slides from a webinar for Malaysian entrepreneurs about how and why to start a business in Singapore.
Contents:
1) Singapore for business: pros and cons
2) How to incorporate: requirements, process, costs
3) What if I want to move to Singapore
4) What can go wrong and how to prepare for it
More details on http://osome.com
This presentation shows the methods of incorporating your company in Singapore, its various advantages and various methods.
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
With more than a decade of experience, JJ & E is a leading professional provider offering a one stop solution for corporate service, inclusive of Incorporate / Register Company in Singapore, Company Secretary, Accounting & Tax Filing services, Virtual Office, Registered Address and Corporate Identity & Printing solution.
Entrepreneur’s Handbook: Singapore Company RegistrationRikvin Pte Ltd
Singapore offers Entrepreneurs world-class infrastructure, well developed capital markets, highly educated work force, rich cultural traditions, stable political institutions, and an attractive tax regime.
In this comprehensive Singapore Entrepreneur formation handbook, you will find all the information you need to incorporate a Singapore company and how Rikvin can help your business take off to greater heights.
Details about company registration in Bangalore and company formation services being offered by Sunshine Corporate Consulting Private Limited in the city of Bangalore. The document also shed light into steps involved to Incorporate/ Register a Private Limited Company in Bengaluru as well as in other parts of india. For the registration of the company there are important yet mandatory document are needed. The last section of the presentation explains the type of documents needed to complete the registration process of a private limited company.
How to start a business in Singapore from IndiaVlad Sharuda
Slides from a webinar for Indian entrepreneurs about how and why to start a business in Singapore.
Contents:
1) Singapore for business: pros and cons
2) How to incorporate: requirements, process, costs
3) How to move to Singapore
4) What can go wrong and how to prepare for it
More details on http://osome.com
Entrepreneur’s Handbook: Singapore Company RegistrationRikvin Pte Ltd
Singapore offers Entrepreneurs world-class infrastructure, well developed capital markets, highly educated work force, rich cultural traditions, stable political institutions, and an attractive tax regime.
Consistently Voted No 1 in the World Bank’s “Ease of Doing Business” Report, Singapore is indeed the most ideal location for global entrepreneurs to start it’s business operation.
In this comprehensive Singapore Entrepreneur formation handbook, you will find all the information you need to incorporate a Singapore company and how Rikvin can help your business take off to greater heights.
A quick guide to opening a corporate bank account in singapore OSOME
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How to register singapore subsidiary companyalex kim
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This means that a Singapore subsidiary company can entirely be owned by foreign company and is considered a separate legal entity from the foreign company, thereby the liabilities are only limited to share capital rather than the entire assets of the respective parent foreign company.
For More information visit this link:
http://precursor.com.sg/register-singapore-subsidiary-company/
Key Takeaways:
- Background and Overview of Legal Provision
- Facts of the Case
- Contentions of the Assessee and Revenue
- Supreme Court’s Verdict
- Key Learnings and Way Forward
What is a Proprietorship Firm Registration. You've jumped into the business world for yourself. You don't have excess paperwork to start a sole proprietorship.
Company established in 2007 year and having an experience of more than 7 years. It come up with the best solutions for the registration a new companies in Singapore . This Company offered best solutions for all types of business and other services.
This presentation gives an overview of legal aspects of starting up a company in India. This can be used as a ready reckoner by budding entrepreneurs/students looking for answers in terms of which company structure to follow while starting up.
It talks about the different company formation options (OPC, LLP, Pvt. Ltd., etc.), benefits of a legal entity, preferred company structure, MSME registration and much more.
WZWU provides top-notch Audit services Singapore, delivering meticulous financial assessments and comprehensive reviews. With a team of skilled auditors and in-depth industry knowledge, we ensure accuracy and compliance with regulatory standards. Trust our expertise to analyze your financial records, identify potential risks, and offer valuable insights for optimal business decisions. For a seamless and efficient auditing process that boosts your confidence in your financial standing, partner with WZWU. Our tailored solutions cater to your unique needs, whether you're a large corporation or a small business. Explore our services today, whether for residential or commercial purposes.
Singapore Employment Pass: Eligibility, Procedure and approvalTony Roy
Amongst the various types of Singapore visas and work permits, Singapore employment pass is the most preferred options for employees as well as entrepreneurs looking to re-locate to Singapore. Especially entrepreneurs wanting to re-locate for company incorporation in Singapore find this an easy option, in comparison to Entre Pass, which is while created exclusively for foreign entrepreneurs has cumbersome requirements that are difficult to comply for a lot of foreign entrepreneurs.
The Employment Pass allows foreign professionals, managers and executives to work in Singapore. In this post, complete details about Singapore employment pass are provided, including key facts, eligibility requirements, and procedure of obtaining Singapore employment pass as well as tips for assured and faster approval.
For More information visit this link:
http://precursor.com.sg/singapore-employment-pass-eligibility-procedure-approval/
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Amongst the various types of Singapore visas and work permits, Singapore employment pass is the most preferred options for employees as well as entrepreneurs looking to re-locate to Singapore. Especially entrepreneurs wanting to re-locate for company incorporation in Singapore find this an easy option, in comparison to Entre Pass, which is while created exclusively for foreign entrepreneurs has cumbersome requirements that are difficult to comply for a lot of foreign entrepreneurs.
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3. Starting a business in Singapore
Agenda
3
1. Business in Singapore: pros and cons
2. How to incorporate: requirements, process,
costs
3. What can go wrong and how to prepare for it
4. Q&A
5. Starting a business in Singapore
Why Singapore
5
1. Simple and transparent regulations
2. Low Taxes
3. Great place to live
6. Starting a business in Singapore
Simple and transparent regulations
6
No need to give up ownership and
managerial rights to locals
Same laws for local and foreign
companies
कानून
Law
法律
7. No need to give up ownership
and managerial rights
Example: Samosa Makers Pte. Ltd.
Owner: Indian Hired Nominee Director: Singaporean
Makes all decisions,
Manages the company
Keeps all the profits
Makes sure the regulatory
requirements are complied with
Enjoys a samosa from time to time :)
8. Same laws for local
and foreign companies
• Same tax rates for local and foreign companies (unlike 10% difference in India)
• Same compliance and regulatory requirements
• Same penalties and fines for non compliance
9. Starting a business in Singapore
Low Taxes
10
One-tier corporate
tax system
0–22%
personal tax
4–17%
corporate tax
0% tax on dividends
and capital gains
Tax exemptions
for startups
10. One-tier corporate tax system
One-tier tax system
Company pays tax only once: on its
income or profit.
No additional taxes on dividends.
Two-tier tax system
First tax – on a net profit
Additional tax – on dividends
11. Example
Samosa Makers Pte. Ltd. made a profit of ₹50,00,000
India (2-tier tax)
30% tax on profit
Dividends
15% tax on dividends
Total tax:
₹15,00,000
₹35,00,000
₹5,25,000
₹20,25,000
Singapore (1-tier tax)
8,08% tax on profit ₹4,04,000
Total tax: ₹4,04,000
Difference: ₹16,21,000
12. 0–22% Personal Tax
There is no tax on the first S$20,000, and the maximum progressive tax rate is 22%
Example:
There are additional reliefs, e.g. if you have a dependent spouse or a child.
S$100,000Salary:
S$5,650Tax:
13. 4–17% effective corporate tax
Corporate tax rate is 17%, but there are tax exemptions for startups:
first S$100,000First 3 years:
first S$10,000After first 3 years:
next S$90,00
75%
75%
50%
Profit Exemption
S$25,000
S$2,500
S$45,000
Taxable
S$4,250
S$425
S$7,650
17% tax
14. 0% Tax on Capital Gains and Dividends
Capital Gains you sell a share of the company for profit
Dividends company makes profit, shareholders distribute it among themselves
Both are not taxable
15. Starting a business in Singapore
Great Place to Live
10
Half of a million
Indians live
in Singapore
India is 4 hours away No Corruption Simple Immigration
Laws
16. Starting a business in Singapore
Cons
10
High Competition Strict Laws Expensive
17. Starting a business in Singapore
Summary: Why Singapore
5
1. Simple and transparent regulations
2. Low Taxes
3. Great place to live
19. Starting a business in Singapore
How to Incorporate
5
1. Requirements
2. Process
3. Costs
20. Starting a business in Singapore
Please meet ACRA
6
Accounting and Corporate Regulatory Authority
Main government organization for businesses.
– Incorporates new companies
– Makes rules and keeps compliance
21. Starting a business in Singapore
Requirements: Documents
6
Passport Proof of Address
22. Starting a business in Singapore
Requirements
6
• Company Name
• Nominee Director
• Corporate Secretary
• Registered Address
• Initial Capital
23. Starting a business in Singapore
Process
6
1. Company Name – check availability with ACRA
2. Appoint a nominee director
3. Gather required documents for all shareholders
4. Appoint a registered filing agent
24. Starting a business in Singapore
Costs
6
Incorporation government fee S$315
Nominee Director for 1 year S$2000
Registered Address S$240
Employment Pass Application S$800
Dependent Pass Application S$400
Assistance with Bank Account S$200
+S$2000 security deposit
25. Starting a business in Singapore
Summary: How to Incorporate
5
1. Requirements
2. Process
3. Costs
27. Starting a business in Singapore
What can go wrong
5
1. The name is taken
2. Shareholders are rejected by ACRA
3. Company is rejected by the bank
4. Delays and rejections of employment pass
5. Living and business costs are higher than
anticipated
28. Starting a business in Singapore
Name is taken
6
Why it happens
1. Similar name is already in use
(e.g. Apple, Microsoft, Google)
2. Name is not desirable
(e.g. contains keywords like “bank”)
What to do
1. You can send an appeal to ACRA and
wait for 14 days for approval
2. Choose another name :)
29. Starting a business in Singapore
Shareholders are rejected by ACRA
6
Why it happens
Before incorporation ACRA performs
a due diligence on all shareholders
(e.g. checks criminal records).
Any shareholder that is failed the check is
rejected of starting a company
What to do
Shareholders who do not clear the
due diligence cannot incorporate
in Singapore.
But there are cases where there is full
name match with actual perpetrators.
In this case appeal can be filed.
30. Starting a business in Singapore
Company is rejected by a bank
6
Why it happens
Bank rejects a customer if it has problems
credibility record or considered
as “not clean”.
What to do
Double-check that your credibility record
and your overseas bank account
are clean.
31. Starting a business in Singapore
Delays and rejections of employment pass
6
Why it happens
1. Officially that approval of employment
pass takes about 3 weeks.
2. However, most often the approval
takes a up to 4 months.
What to do
1. Hire a nominee director for a minimum
of 6 months, to allow for such delay.
2. In the meantime operate
your business from India remotely.
32. Starting a business in Singapore
Living and business are more expensive
than you thought
6
Setup the business S$6000
Regulatory compliance S$2000 per year
Average salary of admin staff S$2000 per month
3-bedroom apartment S$3000 per month
Food and entertainment Bangalore prices × 2
33. Starting a business in Singapore
Summary: What can go wrong
5
1. The name is taken
2. Shareholders are rejected by ACRA
3. Company is rejected by the bank
4. Delays and rejections of employment pass
5. Living and business costs are higher than
anticipated
36. Starting a business in Singapore
How Osome can help
6
1. Free consultations 27/7
2. No need to come to Singapore
3. All incorporation services, including nominee director
4. Pre-approve bank account with OCBC