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PA U L H Y P E PA G E A N D C O.

BUSINESS OPPORTUNITIES IN SINGAPORE

• Rich in history and culture, blends tradition with fresh ideas to successfully develop, maintain and grow a plethora of business opportunities.

• Singapore’s’ booming technology, manufacturing sectors and industries are an important component to the world of international trade, simply by geography.

• As a jewel in the crown that is Southeast Asia, Singapore has proven itself to be one of the best places in the world for trade.

SINGAPORE MEANS BUSINESS• Singapore’s policies, services, and laws for business –

investor friendly

• The immigration laws - favorable to new businesses

• The Singapore government is proactive

• A demand for an educated, qualified workforce

• Superior human resources are available

• Offering some of the world’s highest and best standards of living

• The crime rate is near zero percent, making this what could be the world’s safest places.

• Offering a comprehensive healthcare system and some of the world’s top rated schools and best education, Singapore offers advantages for an excellent social life.

ESTABLISH A BUSINESS IN SINGAPORE• Global businesses will find it advantageous to site your headquarters in

Singapore.

• Strong trade and investment makes Singapore the most competitive Asian country and the world’s easiest place to do business.

• By situating your company international HQs here, you benefit from Singapore’s network of over 50 comprehensive Double Taxation Avoidance Agreements.

• Companies also gain from Singapore’s many free trade agreements and the Investment Guarantee Agreements.

• Companies can always rely on protection of your ideas and innovations through Singapore’s rigorous enforcement of its strong intellectual property laws.

CORPORATE TAX IN SINGAPORE• Corporate income tax rates for companies based in Singapore

are among the lowest in the world

• The corporate tax rate is 17% in Singapore as of 2014.

• Newly incorporated companies and companies with fewer than 20 shareholders do not need to pay tax for the first S$100,000 for three fiscal years. There are also tax exemptions and incentives that further reduce the taxes payable.

• Singapore’s single-tier corporate income tax system means companies are only taxed once, i.e. on their taxable income. Dividends paid out by the companies to their shareholders are exempt from taxation.

• Compare this with corporate tax rates of almost 40% in Japan and the US, 30% in Australia, and 21% in the UK, Singapore is a charm as a top business destination.

REGISTER A COMPANY IN SINGAPORE

Registering your business with the Government is one of the first steps you need to take once you have decided to start your business.• New Business (Local/Foreigner)

Apply online at ACRA’s BizFile website, orApply online on the Online Business Licensing Service (OBLS) websiteOr Hire a professional firm to register on your behalf

• Branch Of A Foreign CompanyIf you are setting up a Representative Office (RO) to explore business

opportunities in Singapore or the region, you must register with the Monetary Authority of Singapore if the RO is in banking and insurance, or with International Enterprise Singapore for all other industries.

COMPANY SECRETARY SERVICE

• Corporate compliance in Singapore is a complex legal requirement for all Singapore registered companies.

• Any breach of the Singapore Companies Act, Chapter 50 carries with it serious consequences including fines, penalties and prosecution for both the company and its directors. Let Paul Hype Page & Co. ensure that your company is compliant.

• Some of our company secretary services include: company incorporations, provision of nominee director/ company secretary, registered office/correspondence address, annual compliance and maintenance of statutory registers, etc.

EMPLOYMENT PASS IN SINGAPORE

• Applicants will need to earn at least $3,300 and possess acceptable qualifications.

• Work experience - Candidate must have great experience in the same field as he is applying for. This is the major criteria of getting employment pass in Singapore. This will give your curriculum vitae a strong feedback and it will help to get visa to work in Singapore. You should also attach your job description title with it.

• Specification of industry - Approval rates are different in all the industries. Some provides fast employment pass while other provide after complete investigation. 

(65) 6221 4711www.paulhypepage.com

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