When a Singapore company is incorporated, there are many options to consider. There are still some things you have to do. Here are some common questions about this issue.
1. Do I have to appoint a company secretary?
Yes, the law requires you to appoint a company secretary within six months of the original registration date. The law is part of the Singapore Corporate Law.
2. I understand that registration in Singapore can be completed and maintained by one person. is this real? Is there any regulation?
It is true that one person can merge in Singapore. However, as mentioned earlier, you must appoint a secretary, and if you are a company director, you cannot be a secretary. Company directors must also be residents of Singapore.
Are there any special requirements for hiring a company secretary?
Yes, but you no longer need to hire a professionally qualified secretary. These laws have changed.
Company directors must employ people with reasonable skills to perform their duties. This person must also have the necessary work experience and knowledge.
I am considering a merger in Singapore. This will involve an additional fee for posting the company name at my place of business. How long does it take me to get the job done?
The law no longer requires this. As long as your address is clearly visible, people can find your business. This has changed to eliminate the extra cost and make it easier to start a home business.
As a new business, I want to print commercial paper. Are there any special requirements?
Yes, please don't forget the Singapore company registration number in your communication. This includes accounting statements and invoices as well as business letters. It must also be included in any company publication.
I plan to do business in Singapore. I am from another country. However, I have extensive training and experience in selected fields. Which visa should I apply for?
If you have special skills and education, it is best to apply for an employment permit. This process is much faster. The only other option is to forward the pass. However, it takes longer and is designed for entrepreneurs with less experience and lower education.
7. Is the first year of the new business tax-free?
Yes, but qualified.
One. Your company must be incorporated in Singapore
You cannot have more than 20 shareholders in the bay.
C. You must also be a qualified tax resident in Singapore.
d. The exemption is the first $100,000 in revenue or profit.
That is, taxes range from $100,000 to 8.5% of $300,000. After that, the tax rate was 17%.
It is very important to know the registration status of Singapore companies. In this way, you will get the most out of your business. Remember that you must appoint a company secretary and cannot serve as a director. A person can apply to register a company in Singapore.
You no longer need to post the company logo at your residence. Make sure to include the Singapore company registration number in all company correspondence and publications. If you are a new company, your first $100,000 in revenue will not be taxed. You may also have many other questions about Singapore company registration.
For more details, visit a1corp.com.sg/singapore-company-formation