11th Jun 2021
Singapore is characterized by financial stability and loyal legislation, thanks to which non-residents from different countries can establish a business in the country without unnecessary bureaucratic delays.
Many companies aspire to have a representative office in Singapore, one of the largest financial centers in the world. It is an important step on the way to building a profitable business on an international scale for foreign entrepreneurs. After all, they get more opportunities to build relationships with business partners and banking institutions.
Clevver specialists take care of all organizational issues and provide a full package of documents upon the completion of the company incorporation. No personal presence is required to open a business in Singapore — with Clevver hand, you can form a company remotely and get all the necessary legal papers digitally. Learn more about starting a business in Singapore here.
Such companies are equated to offshore, and since they can only generate income abroad, accordingly, its income is not taxed.
Each company is obliged to keep accounting records of funds and report on the turnover to the relevant services of the country.
Auditing is mandatory for all except small companies. Singapore has signed double taxation prevention agreements with almost 80 countries around the world.
The absence of exchange controls allows transactions in any amount without the conversion of funds.
Singapore is one of the Four Asian Tigers, which means that the jurisdiction has an advanced economy, a high level of technological development, and a favorable business environment. The country is known for its positive attitude to the crypto business.
Clevver experts will help register a company in Singapore remotely, time-efficiently, and save you from procedural and registration hassles on the way.
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Company registration in Singapore can bring great benefits to the founder, including the possibility of expanding the business throughout the Asian market. In addition, Singapore is one of the most tax-friendly jurisdictions in the world. We will be happy to help you form a Pte Ltd. company in Singapore, to start the incorporation process in this jurisdiction right now click here!
DISCLOSURE NOTICE: Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice.