Doing business in Asia is one of the promising options for entering new markets. International companies and investors decide to register a company in Hong Kong to have access to mainland China, and Singapore is the platform for entering Southeast Asia. Both Hong Kong and Singapore are Asian tigers, reflecting high rates of economic development.
Singapore is distinguished by a favorable investment climate, high standard of living, and economic freedom, which attracts many business people worldwide. Due to its straightforward structure, setting up a limited company is especially popular, which is used in the field where it is possible to use the Tax Abolition Agreement, for example, a holding company
Subsidiaries are created when it is necessary to expand the activities of the main firm. A subsidiary company in Singapore is an affiliate of a major public firm. Such a firm can only operate under the leadership of the parent (parent) firm since the subsidiary company Singapore was originally created with the parent firm’s funds, or
If you are an aspiring entrepreneur planning to start your own company, it may be helpful for you to learn about stocks, their different types, and the rights that each stock type has. What is paid-up capital in Singapore? As you know, shares are property rights in a firm. When creating a firm, its founders
IR8A form 2021 is completed by the employer about the earnings of their workers. What is IR8A form? It is one of the forms that are mandatory reporting on wages. In addition to this form, Appendix 8A, Appendix 8B, and Form IR8S. IR8A form 2021 must be completed for those employed and submitted by March
Singapore is a small island nation in Southeast Asia, a haven for financiers, and the largest offshore zone in the world. The country, which does not have any minerals, was able to become one of the leaders of the world economy only due to the accumulation of funds in its banks from Asia, Europe, and
Singapore trademark registration is administered by the Intellectual Property Office of Singapore (IPOS). The information capabilities of the office allow us to assess the degree of similarity of the registered mark with the objects of intellectual property previously registered in the territory of Singapore. To do this, you need to make a trademark search in
It is a binding international agreement between two or more states. Its purpose is to guarantee full or partial free trade in goods, products, and services. The term free trade agreement is a generic term. It includes several stages of joint actions and economic activities of the participating states. It defines several levels of cooperation
Singapore is one of the centers of attraction for world financial resources and investments. The country’s popularity for individuals and businesses is not least due to the loyalty of the fiscal system and foreign tax rates on dividends. Even though Singapore is not offshore, here, you can get significant tax benefits, avoid double taxation, and
Tax is the most important source of income for the Chinese treasury. It is also an important economic lever used by the state to increase its impact on its socio-economic development. The positive results of the tax system after the 1994 reform suggest that, for the first time in the world, China has built an
The financial and political stability of the state, intensive economic development, and preferential taxation policy attract companies to Singapore, for which it is essential to optimize taxes without losing their business reputation. The lack of foreign exchange controls also attracts business people. Officially, Singapore is not included in the list of offshore states; the principle
Double Tax Treaties (DTT) is an agreement between two countries used to regulate the taxation of income received in one state by a resident of another state. The DTT clearly states: types of income taxes criteria for companies and individuals that meet the DTT conditions features of a collection of fiscal payments. Such agreements allow
