Cost-Effective Company Registration in Singapore
Don’t waste your precious time on the administrative tasks required to start a Company Registration in Singapore. Let our expert team do all the hard work on your behalf while you focus on your customers.
Singapore Company Registration – Delivered by Experts
If you hope to do serious business in Asia, look upon company formation in Singapore as a powerful entry point. Thanks to the nation’s favorable business regulations and taxation framework, it’s the perfect place from which to base your Asian Operations. And with us by your side, your operation will hit the ground running.
While Singapore is a great place to do business, the rules and regulations that govern commerce are becoming increasingly complex. With our Singapore company registration experts representing your interests, however, your venture is in safe hands.
Register a Company in Singapore for Significant Tax Exemptions
We make company formation in Singapore a quick and seamless process while helping you take advantage of some significant tax exemptions.
If one of the following applies to your new business, our experts will help you access those exemptions:
- Your business is incorporated in Singapore
- Your business is tax-resident in Singapore
- Your business has 20 or fewer shareholders (additional conditions apply)
We’ll assess your business to determine whether your business qualifies for potential lucrative tax exemptions.
- You won’t pay any tax on the first S$75,000 of net profits
- You will only pay tax on 50% of the next S$100,000 of net profits
What might this mean for your business? Well, if your business were to generate S$300,000 of net profit in the first year, you’d need to pay S$29,750 in tax (S$300,000 less S$125,000 @ 17%). This is an impressive effective tax rate of just 9.92% – and that’s before any tax rebates you might be eligible for.
Now imagine your business generates S$100,000 in net profit during its first year. You’d have to pay corporate tax on just S$25,000 – giving you a total bill of S$4,250. This benefit is available for the first three years after incorporation.
Company Tax Benefits Are Available After Three Years
After the first three years of trading, the following benefits are available:
- 75% of your company’s first S$10,000 of taxable profits are exempt
- 50% of taxable profits up to the next band of S$190,000 are tax-exempt
So, if you generate S$100,000 of net profit in year four, only S$47,500 will be taxable – giving you a liability of just S$8.075. In simple terms, that’s a corporate tax rate of 8.075%.
Keep Up with Changing Company Formation Regulations
When you allow our company formation specialists in Singapore to start your business and manage your tax affairs, you’ll never have to worry about changes to tax laws and guidelines.
Potential changes include:
- Corporate tax rebates – historically between 20% and 50% and capped at between S$10,000 and S$25,000.
- Legislative changes to corporate regulations, such as the 2014 Companies (Amendment) Act
- Statutory auditing requirements
The criteria for compulsory auditing recently changed to the following:
- The entity is a private company at the time of incorporation
- Two of the following conditions were met during the previous two years:
- Total turnover is equal to or less than S$10 million
- Total assets are equal to or less than S$10 million according to the Balance Sheet
- The company has 50 or fewer employees
Talk to Us About Singapore Company Registration
To ensure your business gets off to the best possible start – and claims the exemptions, discounts, and rebates it’s entitled to, contact us today to discuss your plans in detail.
As long as you have one director who is a resident of Singapore, a qualified company secretary, and a local registered business address, we can help
Allow us to prepare all the necessary documents – including the Memorandum and Articles of Association – and take the first step to business success in Singapore and the wider region.
For More Information: www.e-sandhurst.com |
