The Singapore Variable Capital Companies Act, which went into effect in 2020, provides for the variable capital company (VCC). This is a new corporate form for the creation of investment funds, but it can also be used for wealth management purposes. Below, our company registration agents explain how to open…
Are you thinking about starting your own business in Singapore? The first thing you should know is that you will need the services of a professional or a local firm to handle the registration procedure. At OpenCompanySingapore.com, we can answer any question you might have about starting a business, but most of…
Foreign investors wanting to open a company in a country have many questions before starting the whole process and Singapore is no exception. In most cases it is best to first verify with company formation agents in Singapore before starting the incorporation procedure in order to save time. Below you can find…
Food businesses are widely spread in Singapore and many entrepreneurs are inclined to open restaurants in the city-state. Before opening a restaurant, however, there are few compulsory steps to be followed. The first step is to select the type of Singapore company and register it with the Trade Register. Once this step is concluded, one…
The registration of a construction company in Singapore The construction industry is one of the most attractive industries in Singapore that has attracted many foreign investors to the city-state during the last years. According to the Singapore Companies Register statistics, company incorporations in the construction industry have raised a lot during the last years. Before applying…
Foreign investors have several possibilities for registering companies in Singapore. Among these, they can set up subsidiaries, branch offices, or representative offices. A subsidiary is usually registered as a private limited liability in Singapore with a foreign company as a shareholder. For many small and medium-size foreign companies, the subsidiary is the most preferred…
Working in Singapore Singapore has a population of approximately 5 million individuals many of them foreigners working here. Among these there are Chinese, Malay and Indian but European citizens also. Singapore has a sound employment policy and English as common work language. Singapore companies are renowned for providing a fair labor environment.…
Singapore as a labor destination Singapore is one of the most attractive business destinations in Asia currently which is why many foreign investors but also professionals want to live and work here. Not until long ago those wanting to obtain a work permit in Singapore faced quite a lot of bureaucracy. Only recently…
The taxation of companies in Singapore Singapore is often referred to as an example when it comes to taxes levied on corporations because the city-state continues to reduce the taxation of companies and keeps introducing incentives in order to attract foreign investors. Singapore applies a flat tax rate to corporations that is considered one of the world’s lowest…
Singapore is one of the most developed economies in the world. At the base of this economy are the trading activities Singapore has with numerous countries. Singapore is considered to have the most open and pro-business economy in the world. Singapore is also known as a territory with very low tax rates. Singapore is a very…
