AsiaBiz Services

A foreign company or entrepreneur may find challenges in navigating the incorporation process in Singapore. This guide is designed to illustrate options for a business or any individual interested in setting up a business in Singapore.

A General Partnership is most suitable for low risk, low profile businesses. It allows the possibility of acquiring capital, talent and strategic assets based on mutually agreed terms. The business must have a minimum of at least 2 partners, and may have a maximum of 20 partners.

A Limited Liability Partnership (LLP) is a perfect blend of partnership setup and Private Limited Company. LLP gives owners the flexibility of operating as a partnership while having a separate legal identity like a private limited company. There must be a minimum of 2 partners.

This type of entity is suitable for small businesses that have negligible or no risks. It is owned by one person who is the decisive authority and owns all the assets and liabilities of the business. The business is not separate from the Owner who has unlimited liability. Therefore Sole proprietorship may be the simplest [...]

This guide is an overview of the four types of companies in Singapore. Private Limited Company Exempt Private Company Public Company Limited by Shares Public Company Limited by Guarantee

Now that the economic epicenter has shifted towards the east, the opportunities in this part of the globe is both abundant and attractive. Foreign talent in pursuit of such opportunities in Singapore can take advantage of the Personalized Employment Pass. The globalization and the resultant free flow of capital, goods and people and exchange of [...]

A significant majority of the PR applications are made under the Professional/Technical Personnel and Skilled Workers (PTS) scheme, which is the most certain route to obtain PR. Invariably the immigrants working here, aspire to make Singapore their second home, thus they become eligible under the scheme accounting for the popularity of the scheme. The selection [...]

This overview of Singapore tax matters contains information on the following: Singapore Corporate Tax Productivity and Innovation Scheme Capital Gains Tax Withholding Tax Personal Income Tax

This guide contains comprehensive information on Singapore’s Corporate Tax system. It highlights exemption qualifications for startup companies and partial exemptions for all other companies. Singapore corporate tax rate is 17%. The effective tax rate is in fact lower due to partial exemption available to all companies and even more favourable exemptions available to new companies [...]

Singapore government is receptive towards entrepreneurial efforts, especially the innovative and technical type which will perpetuate knowledge based economy. To facilitate the establishment and growth of such foreign entrepreneurial ventures EntrePass (Entrepreneur Pass) was launched in 2003. Applications are reviewed against a set of criteria that gauges the effective economic benefits that the proposed venture [...]