What are the benefits of Company Incorporation in Singapore?

1
What are the benefits of Company Incorporation in
Singapore?
2

• When an entrepreneur plan to start a business, it
  is obvious to arise a few questions on his mind.
  One of the main question comes how to and why
  should one make Company Incorporation in
  Singapore? This article will explain the benefits
  of Singapore company incorporation and an idea of
  the cost of registration.

3
What are the benefits of Company Incorporation
in Singapore?
4

• In Singapore, many of aspirants prefer private
  limited company as the best choice for
  incorporation. To begin with, let us leaf through
  the benefits of the private limited company
  (business structure).

5

• Limited Liability Protection of personal assets
  of the shareholders is guaranteed even in the
  business face any loss or could not repay the
  debts. Their liability is limited up to the
  amount of money they have invested in the shares
  of the business.

6

• Separate Legal Identity It has its own separate
  identity, distinct from its members (shareholders
  and directors). It can own assets and can sue or
  be sued in its business name.

7

• Perpetual Succession The Company continues to
  endure even after the death, resignation or
  insolvency of shareholders or directors.

8
Credible Image

• An incorporated company portrays a better image
  of the business among the potential customers,
  suppliers, creditors, and others. They take the
  business more seriously and are willing to
  associate with it.

9
Ownership is Easily Transferable

• The ownership of the company can be wholly or
  partially transferred, either by selling shares
  to other shareholders or issuing new shares to
  additional shareholders.  
• Besides the benefits of the private limited
  company in Singapore, there are many other
  advantages which you can tap into when doing
  business in Singapore.

10

• Incorporation Process is Easy The process of
  company incorporation Singapore is easy and
  effortless. It involves just two simple steps 1)
  Company Name Approval and 2) Company
  Registration. You hardly get to experience any
  involvement of bureaucracy in the procedures. The
  timeline required for successful Singapore
  company incorporation is very less unless the
  name application requires some additional
  approval. Luckily, it is possible to incorporate
  a company in Singapore with just a sum of S1.
  100 foreign shareholding is allowed as per the
  law.

11

• Progressive Taxation Regime A Singapore-incorpora
  ted company is entitled to enjoy a plethora of
  tax benefits under the local jurisdiction. While
  the headline corporate tax rate is 17 only,
  there are exemption schemes to lower the
  effective tax rates. For instance, a newly
  incorporated company can enjoy zero tax exemption
  as long as it meets the requirements of the
  authority.

12

• The effective corporate tax rates for companies
  (both new and existing ones) are 8.5 under the
  partial tax exemptions. There are no capital
  gains tax and dividend tax. The wide network of
  more than 70 Double Tax Agreements (DTAs)
  prevents tax payers from paying double taxation.

13

• Availability of Funding Assistance of Government
  The government of Singapore has always been
  supportive when it comes to enhancing its
  economy. It encourages foreign investors and
  entrepreneurs to come and contribute to its
  economy by facilitating pro-business policies in
  the Republic. The government has rolled out
  several initiatives to provide security to the
  start-ups through its various programs such as
  cash grants, incubator schemes, debt financing
  schemes, tax incentive schemes and equity schemes.

14

• The factors such as skilled labour, world-class
  infrastructure, strategic location, wide
  transportation network, high quality of life,
  etc. are also contributing to its image as the
  best business hub.

15

• The cost of company incorporation in Singapore is
  affordable when compared to many other developed
  jurisdictions. Many firms are offering A to Z
  requirements of your company incorporation needs
  such as documentation (MAA, Form 45, Form 45B,
  etc.), checking name availability and
  reservation, company profile, company seal, share
  certificate(s), company kit, bank account opening
  assistance.