• A well-developed economy backed by a strong financial system,
• A logical tax system with low tax rates (one of the lowest in the developed nations) and with limited restrictions on repatriation of profits or import of capital,
• Efficient and simple process for incorporating and running a new company
• Strategic geographical location having admirable infrastructure facilities
• Well-functioning government that is free of red-tape or corruption (Singapore ranks among top 5 countries in the World in Ease of Doing Business), and
• Robust Start-up Ecosystem with quality Funding and Networking Opportunity for entrepreneurs
• Helpful to raise debt at low interest rate
• Stable political situation in the region
• Strong Intellectual Protection Norms in place which helps to protect the IPR effectively
• Very good International relation with countries including India which helps to attract clients and employees

Audit is mandatory if you meet 2 out of the 3 criteria:

• Annual Revenue exceeds S$10 million per FY;
• Total Assets is more than S$10 million
• More than 50 employees

If the company has a corporate shareholder, the above criteria will be determined on a group basis instead.

GST registration is mandatory only if the company exceeds S$1 million and more in terms of sales revenue in any FY. However, company can also voluntarily register for GST but must stay as GST registered for minimum 2 years.

The corporate tax rate is flat 17%. However, prior to being taxed at 17% flat, there will be certain tax exemption schemes to be deducted to assist to lower the tax payable liabilities. A detailed review can be understood by reading our blog.

You can start your company in Singapore with just one shareholder.

Yes, as per the Singapore laws, at least one Resident Director shall be appointed in the Company registered in Singapore. You may reach us if you have a requirement of Directorship Services at reasonable price.

There is no Dividend Tax in Singapore as dividends are declared and paid net after tax from the corporate profits.

Yes, a company must have a registered office in Singapore. You may reach us for getting a Registered Office at reasonable price.

Yes, a Company in Singapore must have a Company Secretary who takes the secretarial responsibility on behalf of the company. You may reach us for getting a Company Secretary at reasonable price.

Yes, we are a global tax and legal firm and we shall be happy to assist on this as well.

There is NO capital gain tax in Singapore currently till date.

Yes, corporate shareholding is allowed in Singapore.

Yes. As per RBI Norms any individual/corporate which invest in Shares or open a subsidiary in a foreign country needs to do ODI Compliance at the time of investment. Also, every year it needs to file APR to the RBI. We assist all our clients in this regards.

For Individual:

• Copy of Passport
• Copy of latest utility bill/bank statement

For Corporate:

• Registration Certificate
• Copy of latest utility bill/bank statement
• Details and document of Authorized Representative

Sure, we can help you over here. Any company offering ESOP in Singapore needs to have a proper ESOP Plan and do the necessary compliance. There are also various tax aspects that need to be considered. One can read our blog to know more on this.

All Singapore company incorporation and work permit formalities can be handled without you having to physically visit Singapore – unless you intend to open a bank account at a Singapore-based bank. We have strategic tie up and can connect you with DCB and Citi in case you wish to open from India.

Charges for remittance of money differ according to mode of transfer as may be utilized by that Individual and also vary from Bank to Bank.

It depends upon the work visa. We can assist you in getting the required VISA in Singapore.

Sure. We are a global tax and legal firm and have assisted various startups in raising funds globally. We also help them in their compliances and tax planning during the fund-raise so that neither the company nor their shareholders face long term consequences. You can write to us over here to know more on this.

Our International Clients choose Taxmantra mainly for the following reason-

• Has physical office in both Singapore and India. With us you won’t face any issue due to our local connect and comprehensive handholding.
• Reasonable Fees structure
• Team of Professional Experts with over 30+ Experience. Being proficient in legalities around cross border transaction we shall make sure that any International Trade is done after doing necessary compliance and entrepreneurs do not face any long term complexities.
• A one-step destination for all your Visa, Legal and Taxation Requirements. We make sure that you do not have to go to different professionals for each of your requirement and shall help you with holistic solution.
• Charter Member of the Exclusive Club of TIE – Global Entrepreneurship Organization