Singapore, Singapore (getnews) August 17, 2016 – Singapore has always been a preferred destination for establishment of new ventures and transfer of existing businesses. One of the major aspects that encourage company registration in Singapore is the tax exemptions offered by the generous government.
A spokesperson from Sandhurst Consultancy Pte Ltd said, “Entrepreneurs who’d like to establish their ventures in Singapore can take advantage of the tax exemptions that are executed especially for the business community. This is in fact the major reason why there’s been a substantial increase in the number of business incorporations in the city.”
For new start-ups to be qualified for tax exemptions, the company must be incorporated in the republic, must be a resident for that YA and also should have no more than 20 shareholders throughout the basis period for that YA. Additionally, either all shareholders must directly hold the shares in their own names or at least one shareholder must hold a minimum 10% of issued shares.
The spokesperson further explained, “Those companies having its management control in Singapore are eligible for tax exemptions. Also be informed that after three years since incorporation, for the first S$10,000 of taxable profits 75% is tax exempt and for the next band of S$290,000 50% is tax exempt.”
Over the years, Sandhurst Consultancy Pte Ltd has been providing quality assistance for clients willing to set up their business in Singapore. Their comprehensive range of services is suited for new start-ups as well as small and medium enterprises. Their mission is to provide accurate and timely advice and/or work as well as to add value to their clients’ business at the most competitive rates.
“Our services include a detailed analysis of the requirements at no additional cost that needs to be considered before we embark on your company formation. This analysis usually proves valuable and saves considerable time and costs in the near future,” claimed the spokesperson. Their dedicated team has thus far successfully helped several clients with company incorporations in Singapore.
About Sandhurst Consultancy Pte Ltd:
Sandhurst Consultancy Pte Ltd is a leading company offering assistance in business incorporation in Singapore. Their experienced professionals offer their services at competitive prices. Visit https://www.e-sandhurst.com
Distributed by Sandhurst Consultancy Pte Ltd
Company Name: Sandhurst Consultancy Pte Ltd
Contact Person: Sukhbir Singh
Phone: +65 6338 4202
Address:77 high street, Suite 03-01 High Street Plaza