The Republic of Singapore is a British Commonwealth country located at the tip of the Malaysian peninsula and occupying an area of 622 square kilometres. Singapore gained independence from Britain in 1965 but because of its close connection to the Crown the business language is English and the English common law system applies. Local currency is the Singapore Dollar and there is an excellent professional infrastructure with good legal services. Communications are excellent with state of the art telecommunications equipment and an airport which serves as a regional hub for over 100 destinations.
Advantages
The first S$100,000 (US$60,000) of local corporate profits earned in Singapore are tax free, while international profits earned outside Singapore are also not subject to tax;
If corporate turnover is less than S$5 million (US$3 million), your Singapore Company will not be subject to an annual audit;
Singapore has very strong client confidentiality laws and has refused to exchange information with the OECD;
Singapore has formed double taxation treaties with many countries;
Set up Procedure
Applicants Particulars;
Proposed name of the company;
Principal activities of the company;
List of Proposed Directors and Subscribers;
A company can have one Director who must be ordinarily resident i.. e. A Singapore Citizen, a Singapore permanent Citizen or a person who has been issued an Employment Pass/ Approval in Principal letter/ Dependant’s Pass;
A company must have at least one shareholder who can either be an individual of any nationality or a corporate person;
The director and shareholder can be the same person;
Dubai
