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Singapore Incorporation of company

The Singapore Accounting and Corporate Regulatory Authority [ACRA] is the national regulator under the Ministry of Finance of the Singapore Government. ACRA also plays the role of a facilitator for the development of business entities and the public accountancy profession as well as corporate service providers. The establishment of a Singapore company, profit or non-profit foundation requires a Singaporean or Singapore registered agent to submit an application on your behalf to ACRA. There are only two methods available: find a registered agent or Singaporean using the company CorpPass or Singpass to submit the application.

—  How To Open a Company In Singapore  —

Obtain Singapore Business Licence

A company licence is required to start a company in Singapore

Open a Corporate bank account

Based on the type of business you have and the bank you use, special permits, financial statement are some of the documents that are needed.

After successful Company incorporation

Look for additional investment, familiarise with fiscal and taxation incentives; provision for social and provident funds and apply for relevant work visas.

Understand Competition

Understand the marketplace, seize business opportunities. Understand the latest government policies guidance and utilise any tax incentives offered.

— Singapore Company Structure  —
Company Director
Company Shareholder
Company Secretary
Director:

Anyone who has reached the age of 21 and has at least one Singapore director.

Company Name:

The company name must be in English or Hanyu pinyin and must end with PTE. LTD.

Company Secretary:
A local resident in Singapore must be appointed within 6 months from the date of incorporation
Registered capital:
Singapore companies can have a minimum registered capital of S$1 and no maximum. There is no strict time limit to pay their registered capital in full and no stamp duty to paid. The registered capital can be either in Singapore dollars or other commonly used foreign currency.
Registered Address:
Address must be in Singapore.
Shareholders:
Shareholders can be natural or legal persons, and the number of shareholders cannot exceed 50.
Board Meeting:
Directors can meet in any country or participate in such meetings through a proxy.
Taxation:
Exempt from double taxation on any business activities and business activities outside Singapore.
Singapore company name must be English name. Chinese name registration is currently not accepted.
Provide scanned copies of directors 'and shareholders' passports and ID cards.
Registered capital and equity distribution ratio.
The first step is to identify the company's directors and shareholders.
The second step is to determine the company's name, business scope, registered capital, registered address and other information.

The third step is to fill in the registration form and provide relevant personal documents (Singapore ID card or foreign passport)

The fourth step, after finishing the registration information, submit the company registration application (Take only 1 day)
Step five, run the company
— Certificate of registration (also referred to as bizfile).
—  Constitution (previously known as memorandum or article of association)
—  One Company Stamp (optional)
— Exclusive offer for new company registration —

The first S$100,000 of taxable income is fully exempt, and the next $100,000 taxable income is 50% exempt from income tax for the first three years of assessment

The “Belt and Road” has fully entered the operational phase, and more and more enterprises are responding to national policies and choosing to set up companies overseas.

—  Incentives and Schemes for Registered Companies  —
To encourage investors at home and abroad in Singapore, the Singapore government has implemented a number of incentives. Such incentives, whether in the form of income tax exemptions or in the form of preferential tax rates, are designed to promote and benefit related economic activities in Singapore's social and economic development. Singapore is one of the developed countries with the lowest corporate tax rates, which has attracted the attention of many foreign investors.
tax incentives
The following is a summary of general tax incentives:

A.

The Pioneer Certificate Incentive (PC) and the Development and Expansion Incentive (DEI) for Regional and International Headquarter Activities, Resource Efficiency Grant for Energy (REG(E)), Land Intensification Allowance (LIA), Land Productivity Grant (LPG).

B.

Financial Industry Finance and Fund Management Center Tax Preference Scheme (FTC), Financial Tax Preference Scheme (FSI), Global Trader Program, Startup SG Founder, Startup SG Tech.

C.

Maritime Sector Maritime Sector Incentive Plan (MSI), Approved International Shipping Enterprise Scheme (MSI-AIS)-Shipping Related Support Services Plan (MSI-SSS)-Maritime Leasing Plan (MSI-ML), Aircraft Leasing Scheme (ALS).

D.

Tech@SG Programme, Research Incentive Scheme for Companies (RISC),Training Grant for Company (TGC), IP Development Incentive (IDI).

E.

Productivity Solutions Grant (PSG), Market Readiness Assistance (MRA) Grant, Enterprise Development Grant (EDG), International Co-Innovation Programmes.
— Full Range Service for Singapore Enterprises —
— Corporate Tax Soutions —
— BAOHE Advantages —

Single Provider, Constant Quality is Ensured,Many Years of Operations

First to have a tax management license issued by Inland Revenue Authority of Singapore

One-stop solution to set up operations in Singapore. Get your business registration done within a day.

Under the storm of CRS,
fully satisfied your need for
taxes reduction

Single Provider, Constant Quality is Ensured,Many Years of Operations

Among the early service providers registered in Singapore, most of them are third-party agent registration models. During that time the threshold to entry the industry is low, it was a chaotic business environment. Many agents provided poor quality services and no follow up service so many problems cropped up. As a result, the industry became the target of strict regulation from the government. Many companies face huge fines, and some was permanently banned from operating in Singapore. In contrast, Baohe Business's self-operated model is very rare. It is responsible to customers to the end and avoid any transfer risk brought by third parties agency. Baohe Business is the first company to obtain a third-party fiscal and tax management license issued by the Inland Revenue Authority of Singapore. It is also the first company to obtain an ACRA-authorized agency from the Singapore Government. It has continue to grow at home and abroad and a leading brand in Singapore registered company industry.

First to have a tax management license issued by Inland Revenue Authority of Singapore (IRAS)

Baohe Business is the first company to obtain a third-party fiscal and tax management license issued by IRAS. We are one of the top companies in Singapore to provide business registration, budgetary and tax services. Singapore Government also offers fiscal and preferential tax policies to support companies. Compared to an agent registered company in China, we have inherently unparalleled advantages and government support, which can meet the actual needs and comfort of your company's operations to the maximum extent.

One-stop solution to set up operations in Singapore. Get your business registration done within a day

Baohe Commerce is a company that provide integrated solutions for corporate registration, fiscal and tax planning management, and company accounting for the early years. Usually, companies that have just arrived in Singapore are not familiar to the local market and cultural environment due to lack of experience and experience. It applies especially to the latest policies and preferences of the Singapore government to attract investment, which can impact the company's operating costs in Singapore. As an experienced local brand in Singapore, Baohe Business is familiar with the market and cultural environment. We have a complete and mature supply chain, help the business to build relationships at all levels in Singapore, optimize their business operating costs and improve the competitiveness in Singapore. This way, your company can quickly adapt to the Singapore market, grasp the latest government policy information and focus on your operation in Singapore.

Under the storm of CRS fully satisfied your need for taxes reduction

Common Reporting Standard (CRS) calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. At present, a total of 101 countries and regions, including China, implement CRS. The first exchange happened in 2018. If you are a tax resident or owned enterprise and holds a financial account of more than 6 million yuan in any of these countries or regions, you are in CRS's target crowd.

— Advantage of Registering in Singapore —
01

Excellent geographical location, projecting to ASEAN and the world, an excellent trade and logistics center

02

Extremely attractive business and personal taxes, the best place to transfer personal assets, a tax haven in Asia

03

Relaxed foreign exchange controls, a gathering place for global banks, and a premier international financial center

04

Mature legal system to enforce strict business norms, one of the safest countries to do business

05

Five-hour flight distance, Very convenient to take care of the business in both Singapore and China

06

Register a Singapore company, meet the conditions and directly immigrate to Singapore,Click here for details

— Types of Company Structure —
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