{"id":4659,"date":"2019-10-28T11:55:54","date_gmt":"2019-10-28T10:55:54","guid":{"rendered":"https:\/\/blog.startups.ch\/en\/?p=4659"},"modified":"2019-10-28T13:04:44","modified_gmt":"2019-10-28T12:04:44","slug":"things-to-consider-to-expand-your-business-to-singapore","status":"publish","type":"post","link":"https:\/\/blog.startups.ch\/en\/things-to-consider-to-expand-your-business-to-singapore\/","title":{"rendered":"Time to expand your business in Asia: what to consider to set-up your business in Singapore"},"content":{"rendered":"\n

Singapore, the gateway to Asia. With a land area of 721 kmq, Singapore\nis one of the smallest nations of the world yet consistently ranked among one\nof the easiest places to doing business.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n



Strategically located at the very heart of Asia, the City-State has established itself as global gateway into other emerging markets in the region and many global international enterprises and private investors have chosen to set up their bases here: whether you are a foreign individual, a small and medium company or a multinational, Singapore may benefit your business with its ease of doing business, attractive tax system and respect for intellectual property rights. Developed infrastructures, skilled workforce and political stability further reassure any foreign investor that he may plan his expansion in the region on a long-term basis. <\/p>\n\n\n\n

The most\ncommon structures for doing business in Singapore are the following: <\/p>\n\n\n\n

a.      Representative office<\/strong> (\u2018RO\u2019): RO is a preferred short-term\narrangement for a foreign corporation willing to assess the Singapore business\nenvironment. A RO is not allowed to generate profits, and it may operate for a\nmaximum of three years, thereafter the foreign corporation must either set-up a\npermanent business structure or terminate its presence in Singapore.  <\/p>\n\n\n\n

b.     Branch Office<\/strong>: Branch Office is an extension (and not a subsidiary)\nof a foreign corporation: as such it is not a separate legal entity and its\ndebts and liabilities are part of the debts and liabilities of the foreign\ncorporation. It is taxed as non-resident entity without inheriting any tax\nbenefit in Singapore. <\/p>\n\n\n\n

c.     Private company limited by shares<\/strong>: this entity has separate legal personality in Singapore. It can benefit from any tax incentives and scheme granted by the Singapore Government. <\/p>\n\n\n\n

In comparison all the mentioned business models,\nprivate company limited by shares is normally preferred for foreign investors\nsince it is (i) a separate legal entity, (ii) suitable with the scale of most\nbusiness activities; and (iii) limited liability for shareholder. <\/p>\n\n\n\n

Singapore is also very attractive from a tax\nperspective, offering extended tax exemption schemes for new start-up and SMEs\nto support entrepreneurship and help local enterprises grow.<\/p>\n\n\n\n

From 2020, new Start-Up Companies will be able\nto benefit from 75% exemption on the first $100,000 of normal chargeable income\nand further 50% exemption on the next $100,000 of normal chargeable income.<\/p>\n\n\n\n

Companies planning to expand overseas can also\nbenefit from the Double Tax Deduction Scheme for Internationalization (DTDi),\nwith a 200% tax deduction on eligible expenses for international market\nexpansion and investment development activities.<\/p>\n\n\n\n

Additional tax schemes are offered to companies working within the E-commerce Industry, companies adopting digital productivity solutions, to Finance and Treasury Centres (FTC) and Headquarters.<\/p>\n\n\n\n

For a free preliminary consultation concerning a company set-up in Singapore do not hesitate to contact our local partners at patrick.heimann@fidinam.com.hk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore, the gateway to Asia. With a land area of 721 kmq, Singapore is one of the smallest nations of the world yet consistently ranked among one of the easiest places to doing business. Strategically located at the very heart of Asia, the City-State has established itself as global gateway into other emerging markets in […]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[126,572,18],"jetpack_publicize_connections":[],"aioseo_notices":[],"views":1119,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p54Pb1-1d9","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4659"}],"collection":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/comments?post=4659"}],"version-history":[{"count":5,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4659\/revisions"}],"predecessor-version":[{"id":4671,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4659\/revisions\/4671"}],"wp:attachment":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/media?parent=4659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/categories?post=4659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/tags?post=4659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}