If you want to become a business owner of a company in Singapore, now is a great time to do so. Singapore welcome all new business owner to be part of its economy,with it well planned and systematic business platform, it is a wonderful place to get a new venture going. There are even some tax incentives available right now for those Private Companies that are registered and this can be a very profitable incentive for getting your business going now.
When you register your business in Singapore Delon Wright Mavericks Jersey , you create a legal entity and all the shareholders and directors are distinctly separated. This means they are not liable in any way for the company's debts except for the amount of their share capital which they invested in the company so all liability is limited. You do need assistance from a business solutions provider like JJ & E. Part of the registration process includes obtaining the services of a local secretary and accountant. Another part of the process is getting your business name approved - a good business solutions provider can help in checking to ensure if the business name chosen will pass checks or maybe suggest alternatives that will not get held up in the approval process.
The limited liability private company is almost always looked at as having more credibility and generating more trust than most other kinds of business entities. This means you will likely generate even more profit than other types of businesses. With the tax exemptions, it is even more likely that you will be profitable with your new start up. These tax exemptions support entrepreneurship and help local economies grow as well.
The companies that qualify will receive a 100% tax exemption on the first $100,000 of profitable income, and another 50% exemption for the next $200 Justin Jackson Mavericks Jersey ,000 of your profitable income. The rules to be aware of in order to be eligible for these tax exemptions are you must have been incorporated in and be a tax resident of Singapore, and you must have less than 20 shareholders. One of those 20 shareholders must own at least 10% share of the overall company shares.
With all of these requirements met, your business is likely to be a very profitable company in Singapore. When you complete your Company Registration Singapore, you will provide a brief description of two of your main business activities Kostas Antetokounmpo Mavericks Jersey , give your registered address, and the particulars of your shareholders including the paid up amount of capital for the business. Once everything has been submitted, and the company name has been approved, it only takes a few hours on average to be completely registered. You will get your stationery and be able to open your corporate bank account.
A good business solutions provider like JJ&E can ensure all the authorities requirement and regulation are taking care of and advise on the the necessary government payment and deadline on your tax and annual returns. Making sure that all documentation are taken care of so you can grow your new business in Singapore.
If you need Company Incorporation Singapore services Jalen Brunson Mavericks Jersey , JJ& E is the company you want to keep. Visit today to learn more about Company Registration Singapore.
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