Entrepreneur’s Guide to Setting up a Business and Relocating to Singapore
March 30, 2024Navigating Singapore Visas: A Comprehensive Guide by Immigration.sg
May 5, 2024If you’re looking to expand your business operations and tap into Southeast Asia’s thriving market, establishing a company in Singapore can be a strategic move. With a business-friendly environment, favorable tax policies, and access to a talented workforce, Singapore offers various company formation options that cater to different business needs.
Company Formation Options and Benefits:
1. Private Limited Company in Singapore:
- Benefits:
- Limited liability protection for shareholders.
- Easy transferability of shares.
- Tax incentives and exemptions for qualifying companies.
- Ability to raise capital through shares.
2. Branch Office in Singapore:
- Benefits:
- Acts as an extension of the foreign parent company.
- Allows for full control by the parent company.
- Simplifies the reporting and compliance requirements.
3. Representative Office in Singapore:
- Benefits:
- Allows foreign companies to explore the market and promote their parent company.
- Cannot conduct business activities but can engage in market research.
4. Singapore Subsidiary Company:
- Benefits:
- Independent legal entity separate from the parent company.
- Offers limited liability protection.
- Can benefit from tax incentives available to Singapore companies.
Entrepass: Enabling Foreign Entrepreneurs to Thrive in Singapore:
- The Entrepass is designed to attract foreign entrepreneurs and facilitate their relocation and business setup in Singapore.
- Offers different streams including the Entrepreneur Stream, Innovator Stream, and Investor Stream catering to diverse entrepreneurial profiles.
- Provides a platform for foreign entrepreneurs to realize their business ideas and contribute to Singapore’s vibrant business ecosystem.
Establishing a company in Singapore presents a multitude of opportunities for business growth and expansion in the region. By carefully considering the various company formation options available and leveraging the support of immigration experts, businesses can thrive in Singapore’s dynamic and prosperous business landscape.
