Singapore, Asia's Most Business Friendly Country

By Author: Shayne Hughes
Total Articles: 108
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Singapore has gained a remarkable worldwide status as Asia's Most Business Friendly Country. The country remained to be the number one choice for business locations worldwide. Singapore was recognized by the World Bank Ease of Doing Business 2010 Report and gave the country a top position in the list of World's Easiest Place to do Business. This repute is the major reason why most foreign businessmen choose to form a Singapore company.

Tax benefits, full government support and absence of red tape and bureaucracy are other major reasons why Singapore is regarded as Asia's Most Business Friendly Country. New start-up companies pay Zero tax on the first S$100,000 of chargeable income for the first three consecutive years. A further 50% exemption is given on the next S$200,000 of the chargeable income.

The infrastructures and use of high technology in Singapore are also some of the common benefits of a Singapore company. Now, to make this post more relevant for you, we are going to give you an overview of available business structures and important documents that you need to furnish or secure in order to form a Singapore ...
... company.

Please take note of the following business structures:
1. Branch office: A branch office is an extension of its foreign parent company and is not a separate legal entity. Liabilities extend to the parent company.
2. Subsidiary: A subsidiary is a Singapore private limited company and is a separate legal entity. Liability is limited to the subsidiary and does not extend to the foreign parent company.
3. Representative office (RO): A RO has no legal status and is a temporary administrative office meant for conducting market research or co-coordinating activities. Liabilities extend to the foreign parent company.

Please also take note of the following documents to secure prior incorporation:
1. The approved name of your Singapore corporation;
2. A brief description of the proposed business activities that your Singapore corporation will engage in;
3. Particulars of the Singapore corporation's directors, shareholders and company
4. The corporation's Memorandum and Articles of Association (MAA);
5. Passport copies or Singapore Identity card (IC) copies of proposed shareholders and directors;
6. Residential address proof of proposed non-resident shareholders and directors; and
7. Details of the parent company if the shareholder is a corporate body.

The above information provides you with basic registration requirements. You may now proceed by getting the services of a business registration firm, which will facilitate the processes, submission and application of your business registration.

Rikvin, a leading Singapore Company Incorporation Specialist has assisted thousands of local and foreign entrepreneurs to form a Singapore company. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours. Appointments are welcome but definitely not necessary.