Singapore Company Registration Company in 2022.
How to grow your business by setting up a Singapore Company
The Accounting & Corporate Regulatory Authority (ACRA) acts as the Company Registrar. It supervises the process of Singapore company registration. It is as per the Companies Act, Chapter 50. And you must fulfill all of its compliance requirements.
Wanting to start a business in Singapore.
It can be difficult for foreigners to set up a new company in Singapore alone, and hiring a local business registration provider can ease the process significantly. Foreigners also need to acquire a Singapore work visa or pass. With their expert knowledge of business registration in Singapore, these professionals can direct you to the precise solutions for the setup of a new company, saving valuable time & money.
The importance of setting up a business in Hong Kong.
Hong Kong company formation.
The Accounting & Corporate Regulatory Authority (ACRA) acts as the Company Registrar. It supervises the process of Singapore company registration. It is as per the Companies Act, Chapter 50. And you must fulfill all of its compliance requirements.
The locals and foreign business owners benefit by employing a registered filing agent to set up a business in Singapore. It is especially true for foreigners
Steps for registering a private limited company in Singapore
What do you need to do after registering your new company?
Types of Business Structure for Maximizing Tax Benefits
ACRA allows registering of the following types of businesses.
Private Limited Company (Pte. Ltd.)
Sole Proprietorship
Limited Liability Partnership (LLP)
Rather than registering and starting your business activity in a hurry, identify the business structure most suitable for you. You can read the advantages and disadvantages of these business structures here before beginning with the Singapore company registration process.
Selecting business structure for maximizing tax benefits
Requirements to register a company in Singapore
Registering a Singapore business for foreigners
Setup your Hong Kong business account remotely.
A Corporation China is a registered agent for numerous international banks. After your company registration has been approved, we will assist you in creating your bank account in Hong Kong remotely. You only need to travel to Hong Kong once it has been approved. Saving you time and money.
Asia Pacific strategies.
Our team assists entrepreneurs, regional managers, and large multinational corporations, in developing business strategies. Empowering our clients with a robust business plan for Hong Kong business.
Hong Kong accounting services.
Our China Accounting Service TOTAL SUPPORT™ Company Management Solution will help you manage your HK Company.
The benefit of making Hong Kong the holding company for mainland China business.
Registering a company in Hong Kong as an added component of setting up a legal entity in Mainland China has many taxation advantages. Tax rates are comparably lower by OECD standards, and it is largely a tax-free safe harbor for international businesses. .
Hong Kong Company Registration.
Hong Kong is an integrating and welcoming metropolitan city, creativity and entrepreneurial spirit are all over the place, in addition it possesses the title of “the entire world’s freest economy” for 23 consecutive years by the Heritage Foundation. As an international and financial center, Hong Kong is preferred by global investors due to its established legal system, simplified taxation system, low taxation price, well-equipped infrastructure and interaction facilities, and quality professionals.
As Hong Kong plays the role as a major trading and gateway to China mainland and Asia, some companies formed in Hong Kong do so for trading purposes, other companies for their head office to control their operations in China mainland. Either way, there are many reasons why one should consider setting up a company in Hong Kong.
Advantages of Setting up a Company in Hong Kong.
Setting up a WFOE used to require a total capital of RMB 100,000. However, this changed in 2014, and now there is no minimum amount. Setting up a representative office in China was affordable but since 2010 they have gotten a bit expensive.
There is a financial burden on the representative office in China, and the tax burden has also increased from 9.5% to 11.69%. JV setup costs are subject to the type of JV set up: Equity Joint Ventures and Cooperative Joint Ventures. The minimum amount of capital needed is RMB 30 000 for each investor, yet, this depends on the shareholders.
Funds can be circulated freely; foreign currencies can be exchanged and transferred as required, conveniently and quickly simple taxation system.
Low taxation rate (only on profits tax, the tax rate profits of the first HK$2 million only 8.25%). Warning: Tax only needs to be declared yearly.