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DOING BUSINESS AND PAYING TAXES IN SINGAPORE

Starting a Business in Singapore

According to the joint study of the World Bank and the International Finance Corporation concerning the terms and conditions of doing business in various countries, Singapore has been named number one for several years. The survey took into consideration the timeframe within which a new business starts or shuts down, the cost of such procedures, terms and time it takes to apply for a credit or licence, the taxation system, a developed infrastructure that would allow for more successful business development, etc.

As we can see, Singapore is indeed a perfect place to do business. Let us have a detailed look at the prerequisites for a successful start-up.

Singapore’s government machinery is smooth running, quick, efficient and free of corruption. Registration of a new company takes from a couple of hours to a couple of days. Applications for various licences and permissions are mostly done online.

Another advantage of doing business in Singapore is the use of the English language, which is employed not only as the language of international communication, but is one of Singapore’s official languages. It facilitates striking deals with businessmen from around the globe. Another language in which business is performed in Singapore is Chinese.

One more important thing to know is that most of the large- and medium-sized companies in Singapore adhere to the western tradition of business administration. For this reason alone, about 7,000 transnational companies have chosen Singapore as their regional headquarters in order to strengthen their positions in other Asian countries. A state-of-the-art, 24-hour communications system allows for these companies to efficiently carry out transactions in any country in the world.

Tax Reductions

Singapore’s economic policy is designed to attract foreign investments, using tax rate reductions and tax benefits as incentives.

The income tax rate for companies based in Singapore is 17 per cent. However, these companies pay tax only if their taxable income exceeds S$300,000 a year. Should their taxable income be less than this figure, the income tax rate is dropped to half the amount – nine per cent only.

To bring in more investors and to support businesses, Singapore’s government offers full tax exemption to new companies. Under some conditions, a tax exemption is also allowed on the first S$100,000 of taxable income during the first three years of a company’s operation.

Effective as of June 2003, there is a one-tier tax system in Singapore, in accordance with which corporate income tax is final, and shareholders are exempt from paying taxes on dividends, payable to them from the corporate income. Besides, there is a zero tax rate for growth income and capital realisation.

In Singapore, a territorial principle of taxation applies. This means that income tax is paid only when profit has been gained in Singapore or been transferred to Singapore from the overseas branches of a company.

To stir up foreign trade through the lowering of export-import tariffs on goods and services, Singapore has established Free Trade Agreements with several countries, such as the USA, Japan, New Zealand and India. Singapore has also signed and ratified the Avoidance of Double Taxation agreement with a umber of countries, Russia being one of them.

By Zlata Sheve

 

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HiMy husband wants to set up a training consultancy company where he would be the sole employee. All his income would be generated globally, outside Singapore.We are moving to Botswana in December. Could we set up in company in Singapore whilst we are living in Botswana. Would this be possible? The money he earns would go to an account in Singapore and 30% would get transferred monthly to our bank account in Botswana. We would then be taxed on this amount in Botswana but no tax would be paid in Singapore.I appreciate any advice you could offer us in the preliminary stage of our enquiry.Kind regardsJoanna
Joanna Statham, 2013-09-05

Good Day!! to you all,Am Delores Beckam from CANADA, and i had a business but it was closed down because there was no money any longer then i came across the post of Andrew Fox on how he got his loan from (Damond Stefan Loan Firm) then i decided to also contact Damond Stefan Loan Firm on the internet,they help me to gain a loan to start up a business,And now i want to use this medium to congratulate the above company for the fast and safe money they loaned to me 7 days ago without any form of collateral and game play,i got my loan sum of 200,000USD from this company to save my business and lots more, i saw their email on the internet, where different people gave their testimony about this loan company, so i quickly contacted them and they also did everything for me without stress and my money was sent to my bank account in less than 48hrs,i was so surprised and felt glad and thankful,Now with the loan i got from them Am now able to live better than before,Now i will advice those who need urgent loan to contact them via email(damondstefanloanfirm07@gmail.com)they will also help you with loan,Mr Damond Stefan is a very Good man and a God fearing loan lender too,I know that he will also help you.. So get back to them i have done my part by announcing it to the World.Because they have showed me life when others abandoned me...



Delores Beckam, 2016-05-14

THIS IS NO JOKE...... ARE YOU IN NEED OF A LOAN?
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I'm Joyce Kane living in USA.I want to share this great testimony on how I got my loan from DAVIS LOAN COMPANY INC..I couldn't pay my bills anymore.
I lost everything like it was the end of the world, my family were driven out of our home because I couldn't pay my bills anymore, i applied from various company but all to no avail i end up being scammed by this fake companies claiming to be lender and denied a loan by my bank as well as credit unions I visited. i was homeless, i was bored and felt like it was the end of the world, i prayed so hard to God so he can help me, i cried day and night, to God be the glory One day i meant an old friend of mine who introduced me to this God fearing loan company davisloancompany@yahoo.com At first I told him that I am not ready to take any risk of requesting a loan online anymore,but he assured me that I will receive my loan from them on a second thought due to my current situation and condition I took a trial and applied for the loan, I filled the loan application form and proceeded with all that was requested of me,so Luckily as God would have it, this great and God fearing company granted me a loan of $200,000.00 which i actually applied for from this company a God sent loan lender, i know many people are out there passing through so much pain right now all in the name of getting a loan i will strongly advise you all to get your loan today from this company You can get in contact with this great company via email at [davisloancompany@yahoo.com] OR CALL/TEXT +{424} 772-2156
Joyce Kane, 2017-06-16

SCAMMERS DRAINED AND RUINED ME FINANCIALLY AND LEFT ME HOMELESS BUT THANKS TO UP START LOAN (upstartloan@yahoo.com).

Greetings to everyone, Life they say is full of deceit. No torture and pain can be compare to what i Theresa L. Bernard experience in the hands of scammers, The most annoying part of it is that someone always post of receiving a loan from them which is nothing but lies and strategy to deceive and extort hard earn money from people. I was victimize several times because of that, After reading a post about them i end up trusting them without verifying, I lost more than $12,500 in the quest of obtaining a loan i sold my car defaulted in my bills but i keep on falling victim my life was a piece of trash full of mess. My kids dropped out of school, My bank denied me credit because my credit score was down already about leaving the bank with a broken heart a staff in the bank approach me and say that there is a financial institution called UP START LOAN that say yes even when banks and other financial institution says no. She advised me to give it a try to be honest i was so skeptical leaving the bank without saying a word to her. It was a month later when my eldest son was hospitalized looking up and down nothing to pay for his hospital bill devastated and confused and then i remember what the bank staff told me and i quickly went to the bank to plead with her and inquire on how to contact UP START LOAN and she gave me the details which are Email: ( upstartloan@yahoo.com ) OR call/ text customer service through +1(574) 301-1639 . After following due procedures and comply to their policy in less 24 hours my credit got approved and transfer to me. later apply for a home and startup business loan of $350,000 which i receive and i obtain a home at 2076 Simon St, Philadelphia, PA 19124. UP START LOAN is the best. ( upstartloan@yahoo.com or text/call customer service +1(574) 301-1639. Indeed they say yes when your bank and other financial institution says no.
Theresa L. Bernard, 2017-08-07

Hello,

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Our loan interest rate is at 3%

We are legitimate and reliable

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Mr. Rick Toms
a loan?

Our loan interest rate is at 3%

We are legitimate and reliable

Kindly contact us through this E-Mail I.D: ricktoms21@gmail.com


Mr. Rick Toms

Mr. Rick Toms, 2017-08-16

Testimony-- Loan offer

Testimony"" You should not miss this opportunity [My name is Mrs. Sandra Kate. I live in Canada and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family.I was in need of a loan of $50,000.00 to start my life all over again as i am a single Man with 3 kids.

I have been searching for a loan to settle my debts for the past three months all I met scammed and took my money until I finally met a God sent Lender.

I never thought that there are still genuine loan lenders on the internet but to my greatest surprise i got my loan without wasting much time.I met this honest and GOD fearing man loan lender that help me with a loan of $50,000.00 Canada Dollar. He is a GOD fearing man, if you are in need of loan to solve your problems and you will pay back the loan please

contact him tell him that is Mrs.Sandra Kate that refer you to him. Contact Mr. Miotti Stefano, via email: (miotti.stefanoloanfirm@hotmail.com)
Testimony-- Loan offer, 2017-08-21

Testimony-- Loan offer

Testimony"" You should not miss this opportunity [My name is Mrs. Sandra Kate. I live in Canada and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family.I was in need of a loan of $50,000.00 to start my life all over again as i am a single Man with 3 kids.

I have been searching for a loan to settle my debts for the past three months all I met scammed and took my money until I finally met a God sent Lender.

I never thought that there are still genuine loan lenders on the internet but to my greatest surprise i got my loan without wasting much time.I met this honest and GOD fearing man loan lender that help me with a loan of $50,000.00 Canada Dollar. He is a GOD fearing man, if you are in need of loan to solve your problems and you will pay back the loan please

contact him tell him that is Mrs.Sandra Kate that refer you to him. Contact Mr. Miotti Stefano, via email: (miotti.stefanoloanfirm@hotmail.com)
Testimony-- Loan offer, 2017-08-21

WE OFFER ALL KIND OF LOANS APPLY FOR AFFORDABLE LOANS.

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We look forward to hear from you ASAP
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Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes?.Our loans Are well insured for maximum security is our priority, Our leading goal is to help you get the service you deserve, Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose from vacations, to education, to unique purchases

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Interested applicants should Contact us via email: {Brianloancompany@yahoo.com } OR text (803) 373-2162

Thanks for your cooperation
Chester Brain..
Chester Brain, 2017-08-26

Do you need a loan for some reason? If yes, this is a loan company that is ready to serve you to your satisfaction, apply now @ martina.h.loans@gmail.com for an affordable loan with 3% interest for private and cooperative purposes, no delay, No problems, just apply and get your loan!
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Applicant Name:
Amount Needed:
Duration:
Country
Cell No:
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Note: only serious applicant needed.

Regards,

Wallace Dickson

Wallace Dickson, 2017-08-30

ATTENTION: Loan Offer By Robbinson Moore Loans
I am a private lender, I offer loan at 2% interest rate, we are ready to help you out in any financial problem. Do you need an urgent loan? are you in debt? do you need urgent loan to finance your business?, have you been denied by your bank? worry no more our Services are Quick, Easy & Secure in whatever circumstances. Borrow up to $2,000 - $10,000,000 Today, We are a company willing to give you loan with Affordable interest rate at 2%, We offer loans to individuals, private Companies, firms, and all kinds of company organizations, Including real estate investors. We are certified, Registered and legitimate creditors. Contact us with loan information at this email:{mooreloancompany@yahoo.com}

moore robbinson, 2017-08-31

Hello,
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We are legitimate loan lender. If you are highly interested in our loan request,

kindly contact via our E-mail I.D: ricktoms21@gmail.com


Mr. Rick Toms

rick toms, 2017-08-31


Getting a legitimate loan have always been a huge problem To clients who have financial problem and need solution to it. The issue of credit and collateral are something that clients are always worried about when seeking a loan from a legitimate lender. But.. we have made that difference in the lending industry. We can arrange for a loan from the range of $10,500. to $3000,000.000 as low as 2%interest Kindly respond immediately to thisemail: armandotaylorloanhome@gmail.com Our Services Include the Following: Debt Consolidation Second Mortgage Business Loans Personal Loans International Loans Loan for any kinds Family loan E.T.C

No social security and no credit check, 100% Guarantee. All you have to do is let us know exactly what you want and we will surely make your dream come true. (ARMANDO TAYLOR LOAN COMPANY). says YES when your banks say NO. Lastly, we fund small scale loan firm, intermediaries, small scale financial institutions for we have unlimited capital. For further details to go about procuring a loan contact us, Kindly respond immediately to this email: armandotaylorloanhome@gmail.com

NOTE:Bear in mind that it will only take less than 24 Hours to process your file is 100% Guaranteed no matter your Credit Score.


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Second Mortgage
Business Loans
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Family loan
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Mr Armando Taylor, 2017-09-01

How I paid my mortgaged and tax bills

My name is Kaia Hadley, a single mom from Santa Fe, New Mexico, I am very grateful and happy to Kendrick Investments Limited for granting me a loan on the 25th of August 2017 to settle my mortgaged and tax bills. They saved me and my children from loosing our house. This message might be of great importance to you out there seeking a genuine loan in other for you not to fall into wrong hands, my advice to you is to contact this company via email: kendrickinvestmentslimited@outlook.com or kendrick.investments@financier.com also with contact number: +13862022899
Kaia Hadley, 2017-09-01

MOORE LOANS SAVE ME WHEN THERE WAS NO HOPE {mooreloancompany@yahoo.com}

Hello everyone in this forum, I am Luis Root from USA, I cannot believe that God really exist not until i was Redeemed and saved from Financial bondage.. l was into financial crisis and needed to pay some bills. l tried seeking help from banks but all to no avail,l also tried seeking help from the internet only to meet scammers who pretended to be private lender and made away with my $15000 and did not get my loan, not until GOD introduce me to Moore Robbinson through a friend who was rescued from financial problem and a loan of $100,000.00 was granted to him by Moore Robbinson, so l took his advise and contacted Moore Loan Company and in the space of one week my loan of $200000 was granted to me.so my advise to everyone seeking for loan at low interest rate of 2% .l am doing this because l am so happy am out of financial bondage and am once again full of joy and life is easy all thanks to GOD and Moore Robbinson. You can contact Moore Loan Company via {mooreloancompany@yahoo.com} OR Text (414) 454-9493

luis root, 2017-09-01

I am Armando Taylor, a private money lender. I give out loans with an interest rate of 2% per annual and within the amount of $1000.00 to $500,000,000.00 as the loan offer. 100% Project Funding with secured and unsecured loans are available. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and funds transferred to the borrower within the shortest time possible. We operate under clear and understandable terms and we offer loans of all kinds to interested clients, firms, companies, and all kinds of business organizations, private individuals and real estate investors. Just complete the form below and get back to us as we expect your swift and immediate response. EMAIL:(armandotaylorloanhome@gmail.com)

Attention!!!

Do you have a bad credit?
Do you need money to pay bills?
Do you need to start up a new business?
Do you have unfinished project at hand due to bad financing?
Do you need money to invest in some area of specialization which will profit you?

We offer the following loans below,
personal loans[secure and unsecured]
business loans[secure and unsecured]
combination loans
students loans
consolidation loans and so many others.

Phone Number+1 412-329-4367

1. Full Names:.
2. Contact Address:..
3. Loan Amount Needed:..
4. Duration of the Loan.
5. Direct Telephone Number:..
6. Monthly Income:..

Email (armandotaylorloanhome@gmail.com)
Best Regards,

Mr Armando Taylor.
Mr Armando Taylor, 2017-09-02

MOORE LOANS SAVE ME WHEN THERE WAS NO HOPE {mooreloancompany@yahoo.com}

Hello everyone in this forum, I am Luis Root from USA, I cannot believe that God really exist not until i was Redeemed and saved from Financial bondage.. l was into financial crisis and needed to pay some bills. l tried seeking help from banks but all to no avail,l also tried seeking help from the internet only to meet scammers who pretended to be private lender and made away with my $15000 and did not get my loan, not until GOD introduce me to Moore Robbinson through a friend who was rescued from financial problem and a loan of $100,000.00 was granted to him by Moore Robbinson, so l took his advise and contacted Moore Loan Company and in the space of one week my loan of $200000 was granted to me.so my advise to everyone seeking for loan at low interest rate of 2% .l am doing this because l am so happy am out of financial bondage and am once again full of joy and life is easy all thanks to GOD and Moore Robbinson. You can contact Moore Loan Company via {mooreloancompany@yahoo.com} OR Text (414) 454-9493
luis Root, 2017-09-02

Do you need a loan to start up business or to pay your bills and a corporate financial for real estate and any kinds of business financing. We also offer Loans to individuals,Firms and corporate bodies at 3% interest rate. We give out loan to serious minded people that are interested of loan if interested contact this email: Creditplusfinance11@gmail.com
Jean Carlos, 2017-09-04
Do you need a business loan?
Do you need a personal loan?
Do you want to buy a car?
Do you want to refinance?
Do you need a mortgage loan?

Do you need a huge capital to start off your business proposal or expansion? Have you lost hope and you think there is no way out, and your financial burdens still persists?
Please do not hesitate to contact us for possible business co-operation.

Contact us via email: upstartloan@yahoo.com or Text/Call +1(574) 301-1639 OR Visit our auxiliary webpage http://upstartloan.bravesites.com
Upstart Loan, 2017-09-04

I JUST WANT TO SHARE THIS STORY OF MINE AND HOW I GOT FREE FROM FINANCIAL BONDAGE AND ONLINE SCAMMERS GENUINELY !


I am Elizabeth Joel from Orlando over here in America and i really must say that we all should be careful of those persons that pose themeselves to be online loan helpers and lenders as my experience with them all has truly shown me that out of %100 percent of those that pose themselve to be onine lenders , just %10 are legit while others are scammers who are only there to make the vulnelrable borrowers become even more pooper and more devastated .
Here is my story and i will be very direct ad straight forward as good as possible so that we all can learn from this , My daughter suffered from ccancer of the skin which resulted in me spending so much and almost all my whole life savings went down for thouis course as i am a single mom and also my credit was declared bad .. looking at my situation there was nothing could do other than resort to asking for help from friends and family but to be sincere the assistance they could provide could not even pay my 2 months rent that i was owing let alone put a food on our table as i had issues gaing employment at that point in time and due to this reason i tried getting loans from various online lender and the first one i trusted milked out the contribution that was granted to e which was $4000 .. funny ! i became even pooper all in the name of tgetting a loan but i complained to my neighbout about my ordeal and how i got used and scammed by fake lenders and she also told me that she was also a victim and she got into her apple device in my presence and got out an email address of a UNITED STATE REGISTERED LOAN ATGENCY BY NAME .. THE WINONA MILLARAY LOAN AGENCY and she confirmed and guaranteed me that they will never ask me for a fee because they are a christian and a genuine loan agency and she further assisted me with application and my lolan funds was delivered into my bank of America Account in 48 hours without stress , because of my ecitment i could not hold this but to share my encounter about this God sent foundation : mrswinonamillarayloancouncil@gmail.com , thewinonamillarayloancouncil@hotmail.com to the world so that anyone that is also in need can benefit from their %2 percent rate just like i did .

Elizabeth Joel, 2017-09-04


Getting a legitimate loan have always been a huge problem To clients who have financial problem and need solution to it. The issue of credit and collateral are something that clients are always worried about when seeking a loan from a legitimate lender. But.. we have made that difference in the lending industry. We can arrange for a loan from the range of $10,500. to $30,000.000 as low as 2%interest Kindly respond immediately to thisemail: armandotaylorloanhome@gmail.com Our Services Include the Following: Debt Consolidation Second Mortgage Business Loans Personal Loans International Loans Loan for any kinds Family loan E.T.C

No social security and no credit check, 100% Guarantee. All you have to do is let us know exactly what you want and we will surely make your dream come true. (ARMANDO TAYLOR LOAN COMPANY). says YES when your banks say NO. Lastly, we fund small scale loan firm, intermediaries, small scale financial institutions for we have unlimited capital. For further details to go about procuring a loan contact us, Kindly respond immediately to this email: armandotaylorloanhome@gmail.com

NOTE:Bear in mind that it will only take less than 24 Hours to process your file is 100% Guaranteed no matter your Credit Score.


Get your instant loan approval

Our Services Include the Following:
Debt Consolidation
Second Mortgage
Business Loans
Personal Loans
International Loans
Loan for any kinds
Family loan
E.T.C
Phone Number+1 412-329-4367 We are certified and your privacy is 100% safe with us. Worry no more about your loans or finances.
Yours Sincerely,
Mr Armando Taylor.
Mr Armando Taylor, 2017-09-04

Getting a legitimate loan have always been a huge problem To clients who have financial problem and need solution to it. The issue of credit and collateral are something that clients are always worried about when seeking a loan from a legitimate lender. But.. we have made that difference in the lending industry. We can arrange for a loan from the range of $10,500. to $30,000.000 as low as 2%interest Kindly respond immediately to thisemail: armandotaylorloanhome@gmail.com Our Services Include the Following: Debt Consolidation Second Mortgage Business Loans Personal Loans International Loans Loan for any kinds Family loan E.T.C

No social security and no credit check, 100% Guarantee. All you have to do is let us know exactly what you want and we will surely make your dream come true. (ARMANDO TAYLOR LOAN COMPANY). says YES when your banks say NO. Lastly, we fund small scale loan firm, intermediaries, small scale financial institutions for we have unlimited capital. For further details to go about procuring a loan contact us, Kindly respond immediately to this email: armandotaylorloanhome@gmail.com

NOTE:Bear in mind that it will only take less than 24 Hours to process your file is 100% Guaranteed no matter your Credit Score.


Get your instant loan approval

Our Services Include the Following:
Debt Consolidation
Second Mortgage
Business Loans
Personal Loans
International Loans
Loan for any kinds
Family loan
E.T.C
Phone Number+1 412-329-4367 We are certified and your privacy is 100% safe with us. Worry no more about your loans or finances.
Yours Sincerely,
Mr Armando Taylor.
Mr Armando Taylor, 2017-09-05

 
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