Governments of the world hate tax havens, and from time to time threaten to abolish them. But will they? In the wake of the financial crisis and economic recession that started in 2008, there have been new calls to crack down on tax havens and offshore bank accounts. But it’s mostly hot air.
In every country, the designated agencies regulate the process of company formation. In the UK, the Company House or Companies House is the agency responsible for setting up and registering new companies.
Corporation Tax is a tax on a company’s taxable income or profits. A company being any limited company whether by shares or guarantee, members clubs and associations, trade and housing associations and co-operative groups. A company tax return consists of the completed Corporation Tax Return form CT600 and the annual financial accounts and statements which support the tax calculation.
Business cash management concerns cash collections, controlling disbursements, covering shortfalls forecasting cash needs, investing idle funds and compensating the banks that support these activities. Since overall cash flow involve tax and finance it is best for staff in tax and accounting department work closely together. Cash flow management require close coordination between the treasury and operations.
The article provides some key points about Singapore offshore banking. Included are benefits of offshore banking in Singapore and some general advantages Singapore provides for investors and entrepreneurs.
Strategic location and attractive tax benefits make Singapore the most preferred location for the overseas companies to set up their business. Various options are – opening up a Branch Office, a Representative Office or a Subsidiary. The country also has liberal immigration policies. If the company wants to set up their regional head quarters in Singapore they are also provided with Financial Assistance.
Are you a foreign national who would like to move to Singapore and start a new business? Or perhaps you are currently on an employment pass working for another company in Singapore but would rather quit and incorporate your own business here? If the answer to any one of the above is ‘yes’, the Singapore Entrepreneur Pass (EntrePass) is for you.
Company formation service providers offer services on limited company formations, applications, and online registration. They are accessible via the Internet. Hence, one can avail their service from anywhere in the globe.
People who are interested in Singapore company incorporation can find out everything they need to know about the process of starting a business here. We are the ones able to help you during the process of incorporation and we can help you by providing the information and the documentation you need for opening a Singapore bank account. If you do not want to throw money away and if you do not want to spend too much time with papers, we can help you incorporate a new Singapore company fast and efficiently.