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Advantages of Singapore company registration (Pte Ltd Company)

by Sneha Patil Top Singapore Company Registration Company

"The critical ingredient is getting off your butt and doing something. It's as simple as that. A lot of people have ideas, but there are few who decide to do something about them NOW. Not tomorrow. Not next week. But today, NOW. The true entrepreneur is a doer, not a dreamer."

If you have decided to opt for Singapore company registration, then you will find that the private limited company is the most suitable for your purpose. There is no other business structure in Singapore that is as dynamic, scalable, and flexible as a Pte Ltd. If you are not sure about it, take advice from the experts from your Singapore company registration service.

Limited Liability Safeguards Interest of Business Owners

You, as an entrepreneur, can use a well-structured Pte Ltd to conduct international business activities and as a tax-efficient corporate vessel. With a company incorporation in Singapore you qualify for the following benefits:

No entrepreneur wants to lose investment, and, to be more specific, have to deal with debts arising out of the business activities. But, it is one of the hazards of entrepreneurship. The fear can hold you back from making a career-changing decision and realizing your business ideas. That is why the entrepreneurs have to be careful about choosing the right kind of business structure for their Singapore company registration and minimize their losses.

The private limited company is designed to limit the personal liability of the business owners. It is limited to their amount invested in the company’s shares. Their personal assets remain untouched. A Pte Ltd is designed to be a legal person having the rights of a natural born person. Its debts and losses are its own. Its assets are used to pay for them.

A Singapore Company has Credible Image

The Singapore authorities do a lot to support the businesses. However, it does not mean they are lax with the application of the law. Every Singapore company is expected to abide by the rules & regulations, and the authorities take stern action against even the smallest breach of the law.

Committing your resources to company registration Singapore is a great move. It allows a legitimate channel for conducting your business activities at the international level. And, it is backed by a reputable, politically stable, and corruption-less jurisdiction that has more than 70 DTA treaties with the other nations.

Over the last couple of decades, Singapore has turned into a dependable brand. And that is why, you cannot equate a Singapore company with an ‘Offshore Company’ registered in a ‘Tax Haven.’

The Singapore company registration comes with benefits for the entrepreneurs. It is reputable and transparent & helps them in finding the right business partners, investors, & funding when they go to other jurisdictions. It also simplifies the opening a corporate bank account for them. They can also depend on the Singaporean banks for the Letters of Credit (LC), if they decide on international trading.

Moreover, the investors’ perception of the businesses matter. To most of them, a private limited company has more credibility than a sole proprietorship or one of the partnerships. It means it is relatively easy for a Pte Ltd company to go to venture capitalists, private investors, banks, and other financial institutions for loan and succeed with it.

Taxation for Singapore Companies

Singapore supports its companies through various of its tax rebates, exemption, and incentive schemes. It is especially supportive of its Small and Medium Enterprises. Moreover, the corporate tax rate in Singapore is in the range of 0%-17%. However, in reality, the effective tax paid by the majority of companies is around 8.5-9.5%.

The Singaporean startup ecosystem is one of the much talked about aspect of its marketplace. There is a special tax scheme for the startups. For the first three years, their net taxable income under S$100,000 is tax-free. Next, S$200,000 is taxed at only 8.5%.

However, the thing that attracts the investors to Singapore is the absence of capital gains tax. It means Singapore companies, after discharging their tax liabilities, can distribute tax-free dividends to their shareholders.

Have a look: Singapore Company Registration Guide

The Singapore company registration is easy even for the foreign entrepreneurs. There is hardly any red-tape or the administrative delays that one may experience in other jurisdictions. There are only two procedures in the process for company registration in Singapore. If the business owners pass on the required incorporation documents to their incorporation agent, then within in a few days they can actually start their business activities legally under the name of their brand-new company.

Contact us:
SBS Consulting Pte Ltd
Visit: https://www.sbsgroup.com.sg/
High Street Center,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: +65-6536 0036
Email: info@sbsgroup.com.sg


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About Sneha Patil Advanced   Top Singapore Company Registration Company

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Joined APSense since, February 7th, 2017, From Singapore, Singaore, Singapore.

Created on Dec 18th 2017 00:46. Viewed 741 times.

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