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Main Advantages:

  • Singapore companies are not perceived as offshore in the international market;
  • a variety of legal forms of companies;
  • on-line registration of offshore companies;
  • simple and quick registration of companies.
Main requirements for company’s registration:
  • minimal capital - 1dol.;
  • at least one shareholder (individual/legal entity);
  • at least one director (resident/Singapore nonresident);
  • registered address in Singapore;
  • a corporate company secretary (resident).
Favorable tax policy:
  • the principle of territorial taxation (the tax on income  is collected, if the income is obtained in Singapore or abroad, in the case of his transfer to Singapore);
  • low tax rates;
  • income tax rate - 20%;
  • company with limited liability on the shares is exempt from income taxes (up to 100,000 Singapore dollars) during the first 3 years of its work;
  • zero tax rate on capital gains;
  • foreign dividends are not subject to income tax;
  • No tax on property;
  • No currency control;
  • the annual financial audit is not mandatory for companies with annual turnover of less than 5 million Singapore dollars (about 3.84 million USA dollars);
  • legislation provides for restrictions on access to confidential company information;
  • there is no informational exchange with other members of the Organization for Economic Co-operation and Development, OECD);
  • more than 60 agreements for avoidance of double taxation with other countries (including Ukraine).
The most attractive areas of activity:
  • intellectual property, trademarks, patents;
  • machines and equipment, shipbuilding;
  • petroleum and petroleum products;
  • food and agricultural raw materials;
  • biotechnology;
  • financial sector.
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