Incoporation of Singapore company - Glasgow - Business Opportunities, Glasgow - 1340142

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Incoporation of Singapore company - Business Opportunities

Ref. number: 1340142 Updated: 01-03-2013 08:05

Offering: Business Opportunities in United Kingdom, Glasgow

Tax exemption scheme for new start-up companies in Singapore Under this scheme, a newly incorporated company that satisfies can claim for full tax exemption on the first $100, 000 of normal chargeable income (excluding Singapore franked dividends) for each of its first three consecutive YAs. A further 50% exemption is given on the next $200, 000 of the normal chargeable income (excluding Singapore franked dividends), also for each of the first three consecutive YAs. To qualify for the tax exemption for new start-up companies, your company must: a) be incorporated in Singapore (other than a company limited by guarantee); b) be a tax resident in Singapore for that YA; c) have no more than 20 shareholders throughout the basis period for that YA where: i) all of the shareholders are individuals beneficially and directly holding the shares in their own names; OR ii) at least one shareholder is an individual beneficially and directly holding at least 10% of the issued ordinary shares of the company. More information please see http://www.grobatigerhafen.org/ http://grobartigerhafen.blogspot.sg/ or contact us at bernard@grobartigerhafen.org or 65-9029-3036

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