Saturday, January 28, 2012: Latest from our blog
Wealthiest Chinese want to move to SingaporeAccording to a recent report by the Bank of China and Hurun Report, China has approximately 271 US dollar billionaires and 960,000 high-net worth individuals (HNWIs) and entrepreneurs worth more than S$2 million (10 million yuan) each. However, close to half (46%) of them are considering migration while 14% are in the process of doing so. Their top... [Read full post]
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Why Incorporate in Singapore?: Quick Facts
| World's Easiest Place to Do Business (Source: Doing Business 2010 Report, World Bank)
|
#1 |
| Most Open Economy for International Trade and Investment (Source: The Global Enabling Trade Report 2009, World Economic Forum)
|
#1 |
| Best Business Environment Worldwide (Source: Economic Intelligence Unit, December 2009)
|
#1 |
| World's Best Place for Intellectual Property Protection (Source: 2009-2010 Global Competitiveness Report)
|
#1 |
| Most Transparent Country in the World (Source: IMD World Competitiveness Yearbook, 2009)
|
#1 |
| Best Place to Live, Work, and Play in Asia (Source: Quality of Living Global City Rankings, Mercer 2009)
|
#1 |
Read more about Singapore advantages
Singapore Corporation Setup: Quick Facts
| 100% Foreign Ownership Allowed? |
Yes |
| Time to Incorporate a Company |
1 day |
| Minimum Share Capital |
S$1 |
| Minimum Shareholders |
1 |
| Minimum Directors * At least 1 director has to be local resident
|
1 |
| Company Secretary Required? |
Yes |
| Registered Office Required? |
Yes |
| Annual Tax Filing Required? |
Yes |
Singapore Taxation: Quick Facts
| General Corporate Tax Rate |
17% |
| Effective Corporate Tax Rate for Annual Profits of UpTo S$300,000 |
<9% |
| Tax on Dividends |
0% |
| Tax on Capital Gains |
0% |
| Tax on Foreign-Sourced Income |
0% |
| Personal Tax Rate |
0-20% |