Sunday 13 December 2015

Five Beneficial and Secure Things for New Businesses in Singapore

There are many effective facilities available in Singapore for new business formation like hassle free procedure, company registration, fastest legal process, and tax benefits. Singapore company incorporation can be done through a step-by-step process and you can undergo this process successfully by employing experienced professionals in this field. Firstly, you need the reservation of names including your company title and director’s name and their nature or position, and then you need to sign all incorporation documents like, constitutions papers, forms, and nominee. Thirdly, you have to make all payments and fill the ACRA documents and finally you will get the e-notification of company registration Singapore.

1.    Common Seal: A common seal is mandatory in Singapore and it secures your business. It is just like a signature of your company where your company name and registration number can be embossed. It can protect your company files and copyright and from any illegal issues.

2.    Tax Saving: You do not need to pay any tax up to $100,000 of profit for the first three years of your business, after which tax shall be charged on your rest of the amount as 50 percent ratio. It means you will get fifty percent tax free profit above the stated amount in Singapore. Apart from that, the normal rate of tax is very nominal in this state.

3.    Singapass: If you have Singapass, then you can lodge the company files through your listed website. But firstly company registration in Singapore needs to be done according to the ACRA rules and you have to use the registered site only.

4.    Legal process: The legal authorities of the Singapore provide flexible and fastest procedures to business and corporate houses. Any type of legal issues can be solved by consulting the best business consultant in Singapore within a short time and the charges are also very nominal as per the industry standards.