Going Offshore

KEY BENEFITS SINGAPORE

Eltoma Corporate Services has experienced a great demand on the incorporation of companies in Singapore lately. In fact during the last months we have hosted two seminars in Cyprus regarding incorporation of companies in Singapore. The success of these two seminars has proved the popularity of this jurisdiction when going offshore. Find more information about our latest seminar in this link. What are the benefits of Singapore?  There are various benefits attached to incorporating a Limited Liability Singapore Company. Some of these are listed below: English is the official business language and therefore all company reports are produced in English and all information is available in English Common law is in place Singapore is a world leader in foreign trade and investment and has one of the best business environments in the Asia Pacific region. Singapore is the best country in which to run a business according to a recent World Bank study and it has been named as having the most open economy for international trade and investment and least corrupt economy in the world. Singapore has one of the most highly developed and well-regulated financial centres in the world which has been built on the highest regulatory and prudential standards The Singaporean Tax System is straightforward and stable There are no restrictions for foreigners to be shareholders or directors of a Singapore Company The Incorporation process for a Singapore Company is quick and efficient No minimum requirements for share capital Only one director and shareholder is required to form a limited liability company There is a concept of Territorial Taxation where foreign source trade profit is not subject to Singapore income tax if it is repatriated in Singapore There is no Capital Gains Tax in Singapore Foreign dividends are not subject to Singapore Income Tax Tax Credits for foreign tax paid are available in Singapore. However, they are is subject to some conditions There are some partial income tax exemptions available in Singapore There is no Net Worth Tax in Singapore Intensive Double Tax Agreement System with more than 60 agreements signed and ratified with other countries Please visit the following links to learn more about the service that we can provide in Singapore: Procedures Fee Schedule Taxation Compliance Double taxation treaties EPass-EntrePass