We have variety types of business organization that may be registered in Singapore. Let’s take a look at the different business structure types in Singapore:
1. Sole Proprietorship
2. Partnerships
3. Local Companies, it is the most common type of company in Singapore
4. Foreign Company as a Branch in Singapore
5. The last type of company will be Non-Trading Representative Office
As to compare the local company and foreign branch: Local Company will be suitable for overseas investor to explore business opportunity in Singapore.
The company should complete the (1) Annual Return filing; (2) the renewal of Business Registration Certificate; (3) Employment Return filing, and (4) profit tax return tiling annually.
There are several reasons for investors turn to Singapore for establishing their operations and one of the determinant is Singapore’s tax regime – well-known for its attractive corporate and personal tax rates, tax relief measures, non-taxable capital gains, one tier tax system and extensive double tax treaties.
There are some significant skills and useful tips to know more about How to setup Hong Kong Bank Account . As one of financial centers in the world, Hong Kong has very effective and sufficient infrastructure for doing business and making investment.
Type of Hong Kong Companies
– Sole Proprietorship
– Partnership
– Private Company Limited
Regarding the significant controllers register, On 1 March 2018, the Companies Registry has commenced Amendment Ordinance and introduces new requirements on the keeping of significant controllers registers by companies.
Major Government Reports – Hong Kong corporation
– Compnay Annual Report
– Business Registration Certificate Renewal
– Corporate Income Tax Report
– Report of Employee Registration
Why Hong Kong?
– Simplify Business Set-up for Foreign Business owners
– Premier Strategic Location
– Clean Governance
– Gateway to China
let’s find the procedure of set up a Taiwan company!
1) Limited Company
2) Branch
3) Rep Office
Annual Return Submission
– Within 42 days from the Anniversary date of every year
– Within 42 days – HKD 105 (waived fee from 1 Oct 2020 to 30 Sep 2022, the fee waiver will not apply to late delivery of annual returns)