Pte Ltd vs sole proprietor.pptx
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Pte Ltd companies are more popular than sole proprietorships for several reasons. Pte Ltd companies are taxed at a flat rate of 17% on chargeable income, whereas sole proprietor profits are taxed as personal income at a higher maximum rate of 22%. As a Pte Ltd director, one is treated as an employee of the separate legal entity, and the business can continue perpetually through share transfers. In contrast, a sole proprietorship must cease if the owner is no longer able to operate, and the owner's personal assets are at risk for business liabilities.
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Company Registration in Singapore
This document provides information about registering a company in Singapore through the Accounting and Corporate Regulatory Authority (ACRA) website bizfile.gov.sg. It outlines the key requirements which include selecting a company name, principal business activity code, having at least one local resident director and shareholder, and paying the required capital amount. It also notes that the selected company name is reserved for 120 days and all documentation for signature must be completed before the reservation expires to finalize the incorporation. Contact details are provided at the end for Biztree Management Pte Ltd which acts as an ACRA filing agent.
Procedure to Register a Company in Singapore
The document discusses requirements for reserving a company name and incorporating a business, including needing a passport with at least 6 months of validity, supporting documents for residential address, reserving a company name for 120 days before incorporating to prevent expiration, and providing documentation for signature before proceeding to incorporation.
What is Annual Return Filing
Are you running company in Singapore ? It is mandatory for you to comply with Annual Return filing .
What biztree can do for you
This document provides information about the services offered by Biztree Management Pte Ltd to help companies comply with ACRA requirements. They can act as an appointed filing agent and qualified person to ensure companies avoid late filing penalties, composition fines, summons or court hearings. They also offer company registration, annual general meeting services, annual return filing and XBRL filing. Contact details are provided to get in touch for any ACRA compliance issues or service quotations.
Change in AGM and Annual Return Regulation
Did you owned Pte ltd company in Singapore ? You should be aware off the changes filing deadline in AGM and Annual Return (AR) with ACRA .Click in for more
Healthcare Industrial in singapore
The document discusses Singapore's healthcare industry and government policies. It notes that the aging population is causing diseases to rise. The top 5 cancers affecting men and women are listed. It also discusses the government's role in healthcare including expenditures, increasing hospital beds, and policies like Medisave and MediShield which are compulsory savings programs. The healthcare future section outlines plans for new hospitals, polyclinics, and devices. It provides information on registering a healthcare business in Singapore.
TYPE OF BUSINESS VEHICLE IN SINGAPORE
This document discusses different types of business entities in Singapore, including private limited companies (Pte Ltd), subsidiary companies, representative offices, and branch offices. A Pte Ltd is a separate legal entity from its shareholders, with liability limited to the company. It must appoint at least one local director and shareholder. A subsidiary is a company controlled by another company, and is also a separate legal entity with its own liability. A representative office has no legal existence in Singapore and any liabilities extend to the parent company. A branch office shares the same name as its head office and any actions against the branch affect the head office. It is allowed to do business but is taxed as a non-resident company.
Business expectation from july till december 2019 manufacturing
let take a close look #manufacturing industry expectation till end of 2019
#manufacturing, #business expectation, #askbiztreemgmt
Business expectation from july till december 2019
The document discusses expectations for Singapore's services industrial sector from July to December 2019, noting that business services provide significant GDP but composition has changed from previous years. Wholesale and retail trade are expected to be less optimistic due to economic uncertainty from the US-China trade war. Accommodation is projected to have the highest growth rate due to end-of-year celebrations and upcoming events.
ACRA and IRAS Newsletter
The document summarizes several news items from ACRA and the tax authority IRAS. It alerts businesses that ACRA has the power to strike companies off the register for failing to comply with regulations or respond to notices. It warns to check if any suppliers, customers or creditors have been struck off. It also outlines a case where a husband and wife were jailed and fined for tax evasion through falsely claiming personal expenses as business costs. It defines tax evasion as deliberately providing inaccurate information to reduce tax liability versus legal tax avoidance of minimizing tax through legitimate deductions.
Biztree Newsletter
The document provides information about GST filing deadlines and payment dates for transactions from April to June. The filing due date is July 31st, with the payment due date also on July 31st. Payment can be made with Giro by August 15th. An extension can be requested at least 3 working days before the due date by email. The document also mentions that SME companies will be granted $10,000 for training costs from July 1st 2022 to March 31st 2023 under the Productivity Solutions Grant by SkillsFuture Singapore. Details on how to apply and more information can be found by clicking the provided links. Follow up information is given for Biztree on Facebook, Twitter, LinkedIn and What
Debarment of Director
Settlement of penalties doesnot means is the end of transaction. Do you know that ACRA is empower to debar director for those breach filing requirement
What is eci
This document provides information about filing an Estimate Chargeable Income (ECI) for companies in Singapore. The key details are:
1) Companies must file an ECI by March 31st if their financial year ends on December 31st of the previous year.
2) The ECI is an estimate of a company's annual revenue before deducting expenses and must be filed within 3 months of the financial year end.
3) To be eligible for installment payment options, companies must file their ECI by paper by March 24th or electronically by March 26th.
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Business expectation from july till december 2019 manufacturing
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5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
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Pte Ltd vs sole proprietor.pptx
- 1. Pte Ltd vs Sole Proprietorship
- 2. Popularity of Pte Ltd is always ahead of sole proprietor . WHY ?
- 3. TAX RATE ON COMPANY VS PERSONAL Company will be tax at a flat rate of 17% of its chargeable income. Click here for basic guide in Corporate tax Whereas all profit from sole proprietor will be tax on personal level. The higher income earners will be pay proportionately higher tax ( highest personal income tax rate is 22%) Click here for the basic guide in Personal Tax
- 4. COMPANY DIRECTOR TREATED AS COMPANY EMPLOYEE Company carry ” separate legal entity ” concept which means that Company can stand alone in the legal eyes . All appointed director will be treated as employee . Whereas all the above does not applicable in Sole proprietorship.
- 5. SUCCESSION PERPETUAL CONCEPT Sole proprietor business must be cease operation if the business owner no longer or not able to operate. Whereas Pte Ltd business is transferable Example : If you not intend to carry on the business, you may just sell the company to interested parties . Proper documentation for resignation of director and share transfer is required to prepare and lodge in with ACRA and IRAS .
- 6. RISK TAKEN LEVEL Being owner of Pte Ltd company, liabilities level is up to your invested fund only. Whereas for sole proprietor owner, your liabilities is unlimited and personal asset is touchable .
- 7. WITHDRAWAL MONEY METHOD FROM THE COMPANY As director, you may getting director fees / director remuneration. As for sole proprietor, since you are the only owner in the company, all the profit will be categories as your personal income and you can withdraw it at of your preference time .