123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

How To Incorporate A Singapore Company

Profile Picture
By Author: John Media
Total Articles: 34
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

In an effort to draw international corporations and encourage native entrepreneurs, the Singapore government has passed a couple of company regulations that provide tax exemptions and bankruptcy coverage for corporations.

The following is a list of advantages of a Singapore Company Incorporation:

* The business is treated as a separate legal entity from its shareholders

With this arrangement, a corporation can enter a contract, acquire a property, and purchase supplies under its name. And because the business is treated like a real person, it is usually named in a lawsuit instead the company officials or shareholders (who are too many to mention).

* Shareholders enjoy limited liability

Limited liability means that the personal assets (such as houses, cars, and properties) of each shareholder are protected from debts, losses, and liabilities related to business. This means that in case of bankruptcy, only the business assets can be liquidated and not the personal assets.

* Continuous existence

The corporation will continue its existence even if ...
... one or more shareholders die or some board of directors and officials leave the company. This is not the case for the sole proprietorship in which it will cease its existence once the owner dies.

* Capital incentives

Corporations that have opened their shares to the public can provide the key employees with incentives and bonuses through ownership. With this arrangement, the employees will most likely stay in the company and will be encouraged to maximize their productivity.

* Easy to raise funds

Corporations can raise more funds for expansion without having to loan from the banks that is usually associated with high interest rates. By making their ownership open to the public, they can raise capital which can be used for business expansion.

* Tax benefits

For corporations which remain private, they can enjoy zero tax on the first $S100,000 chargeable income within the first three years of incorporation. Another 50 percent tax exemption is awarded on the next $S200,000 income.

* Efficient operational structure

Shareholders have the right to appoint a board of directors whom they think have the capability and knowledge to run a business. After the voting process, the directors will then select among themselves on who will be the secretary, CEO, vice president, treasurer, etc.

ABOUT THE AUTHOR:
AsiaBiz provides Singapore Company Incorporation services and has successfully helped foreign and local entrepreneurs wishing to start a Singapore company.

Total Views: 172Word Count: 467See All articles From Author

Add Comment

Business Articles

1. Unveiling The Material Characteristics Of Plastic Parts
Author: adam.xu

2. Top 5 Beach View Resorts In Chennai For A Memorable Getaway
Author: greenmeadows resort

3. Relationship Counselling Den Haag Brings The Best Chance To Understand Each Other’s Needs!
Author: Angelika Matthias

4. Web Development Company: Guide For Hiring The Best
Author: Sagar Tech

5. Make A Business Website To Get Started Online
Author: Sagar Tech

6. Elevate Your Software Quality With Agile Advisors: Premier Software Testing Consultancy In Dubai, Uae
Author: kohan

7. Affordable Polyester Pleated Mesh From Top Manufacturers
Author: pavitra

8. Empowering Sustainable Development: Agile Advisors As Your Trusted Leed Certification Consultant In Dubai And Uae
Author: kohan

9. Buy Cats Eye Gemstone Online In Ahmedabad
Author: rishabhjains

10. Why Data Destruction And Sanitisation Are Important
Author: Destruction and Sanitisation

11. Stock Market Update: शेयर बाजार में लगातार चौथे हफ्ते बढ़त: क्या तेजी बरकरार रहेगी? जाने इस हफ्ते किन महत्वपूर्ण पहलुओं पर ध्यान देना चाहिए
Author: M Ratlami

12. Perfect Happy New Year Gift For Your Girlfriend Thoughtful Ideas For 2024
Author: MyFlowerTree

13. China Valmax Valve Co., Ltd
Author: China Valmax Valve Co., Ltd.

14. Mastering Clipping Path In Photoshop: A Guide To Precision Editing
Author: Sam

15. Expert Emergency And Cosmetic Dental Care Services For Families And Individuals In St. Louis
Author: Jessica Williams

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: