CEO & Managing Partner atTaxmantra Global Network Firms
Alok is the CEO and Managing Partner at Taxmantra Global Network Firms. He is a Fellow Member of the ICAI (FCA), an alumnus of St. Xavier’s College, Calcutta, with post qualification exposure in KPMG and Ernst & Young. He has authored more than 2K blogs on Taxmantra.com and also writes as guest author on platforms such as YourStory.com, Moneycontrol.com.
Managing Partner atTaxmantra Task SG
Kenneth Ho currently serves as VP Operations (Singapore) as Taxmantra Global Network firms, is a professional trained Accountant with more than 10 yeaars of experience gained from his employment with 2 mid-tier international accounting firms and 2 global outsourcing firms. Not limiting his exposure to accounting compliance, his experience includes corporate secretarial compliance, personal &and corporate tax compliance, Goods and Services Tax (GST) compliance and payroll compliance services too
Audit is mandatory if you meet 2 out of the 3 criteria:
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.
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-