Thursday, February 18, 2010

Frequently Asked Questions about Singapore Company incorporation

1. When Singapore acquired, what are the questions I should be considered after the shooting before I start my farm business?

After the start of Singapore company, you can start your business. However, you must do the following if it concerns you.

A. Opening bank accounts. You can choose to bank your corporate banking needs are being met. Letter of credit ie, multi-currencies, the bank site, banking hours, and check the other services they can provide, and so on.

B. If your company one or more licenses, you may need to obtain for the first relevant permits before you start your business.

C. Register for Goods & Services Tax (GST) if necessary. GST registration is not required except for annual turnover of over EUR 1 million. We can help you register for GST, so if you need.

D. If your business activity may be imported and exported goods, you must register and obtain a central registration (CR) number. CR is the number used in each import, export and transhipment permits, certificates and other documents by the Singapore Customs. We can help you ask for your number CR business needs.

E. If you intend to employ a foreign worker, including themselves, of conpany will be applied for employment pass (EP) to the person. We can help PD applications.

F. If you intend to local employees (Singapore citizens and residents of rental) you need to open a CPF account with the Central Provident Fund (CPF) Board and a percentage of salaries of local workers who can contribute to the Board on a monthly basis as part of its pension fund. For more information, visit www.cpf.gov.sg. We can help your company to register and manage staff payroll CPF account, if necessary.

G. You must decide on your company's financial year end What can a date within 18 months from the date of incorporation for the company.

H. You must track your income and expenses (accounting) under Singapore accounting standards. Depending on the size of transactions, accountants we offer, on, weekly accounts monthly, quarterly or yearly

2. Is CPF contributions for foreign workers?

In the case of foreign workers, CPF contributions are not necessary. You pay only the salary agreed to for foreign workers, and it is.

3. Are we responsible for the personal taxation of foreign workers?

No need for personal tax wages of local workers or foreigners. The employees are directly responsible for their personal taxes.

4. What are the documents necessary for Singapore Company Registration?

In the case of a Singapore company to successfully integrate the following information and documents:

* Company Name * Address * Be Description shareholder business * * Voting Voting Voting Directors Company Secretary * * Memorandum and Articles of Association (MAA). * A copy of the Singapore identity card (IC) for Singapore Residents, or copy of passport, address proof of residence abroad, and other information for foreigners. * If the shareholder with the law, you must have a copy of the registration documents, including certificate of incorporation and Memorandum and Articles of Association.

In the event that there EspaƱol documents, formally endorsed the transfer set.

5. What are the requirements for registration on Singapore Company?

To continue with your Singapore company formation, must do the following:

a. Your company name for Singapore registered company, you should avoid choosing a company name:

* Equal to the existing local company itself, * offensive, obscene or offensive names, or * already booked.

b. Paid capital - minimum capital for the company paid a Singapore S $ 1. c. A Registered Address - A local Singapore address the need to integrate business Singapore. The registered address of residence or business address, but not PO Box. d. Governance - To start your company Singapore, at least one (1) The local director is required. The local director is either Singapore Citizens, Singapore Link to Resident, or Entre Pass, Employment Pass or Dependent Pass holder. E. Shareholders - the Singapore company to set up a limited-requires at least one (1) shareholder and a maximum of 50 shareholders. Foreign companies and individual shareholders of 100% of the shares. f. Company Secretary - Singapore Singapore Companies Act requires every limited company to have a Company Secretary within 6 months after its creation.

AsiaBiz team is committed to registering each company Singapore Employment Pass Singapore and handling requirements. We all treat the Stationery and qualified to guide you through every stage of implementation so that your case be forwarded to the department is working flawless. Transfer your case to us to save you time and money, and we can help prevent mistakes and control, our past experiences to maximize the success of your application could immigration.
 
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