Having similar taxation system as Hong Kong, Singapore offers very low corporate tax rate and tax incentive. Corporations with business operations in Singapore enjoys a variety of tax benefits offered by the government. Other business incentives include 75 comprehensive double taxation agreements and 8 limited treaties dealing with income from shipping and air transport enterprises, and no controlled foreign company. It is no wonder Singapore is rated number one in the World Bank’s Ease of Doing Business Index for years and is one of the most preferred destinations for company incorporation in Asia.

• Service packages tailored to your business needs

We offer the following two service packages depending on your business needs.

Nominee Resident Director

• This will allow you to operate your company from overseas

Employment Pass

• This will be the best option if you plan to relocate to Singapore
• After company incorporation, we will apply for your Employment Pass and provide our Nominee Director on a temporary basis until your employment pass is approved

• Company structures at a glance:

Setup a branch of your parent company

Pros:

• There is no new entity being formed and the Singapore branch is simply an extension of the parent company
• The branch does not bear a different name
• The parent company will be the contracting party with all customers

Cons:

• Subsidiaries do not qualify for the Singapore startup tax exemption
• The branch is not a separate legal entity and thus there is no ringfencing of liability for the Singapore operations
• Branches are not exempt from audit requirements

Establish a subsidiary (wholly-owned or otherwise)

Pros:

• Subsidiaries are entirely separate companies (legal entities) with liability limited to that of the paid-up capital of the subsidiary
• Liability is ringfenced at the subsidiary level
• If the parent company does not hold more than 90% of the subsidiary shares, the subsidiary may qualify for the Singapore startup tax exemption

Cons:

• Depending on whether the group operations fall below the relevant thresholds, subsidiaries may not be exempt from audit requirements

Setup a new company in Singapore, owned by individual shareholders

Pros:

• As a newly formed entity held by individuals, the company is more likely to qualify for startup tax exemption as well as audit exemption as it is not seen as part of a larger group of companies, despite its origins
• Ringfencing of liability