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Singapore, one of Asia’s financial centers, is a favorite destination not only for tourists but also for business.
An offshore company, known as an international business company (IBC) may consider to be a company registered outside a country that an owner is residing.
It does not matter if a foreigner resides in Singapore to study or work, the first step is always to apply for a visa at the Singapore Ministry of Manpower (MOM).
Foreign entrepreneurs who have the ambition to enlarge the market or start a business in Asia, particularly in South East Asia, usually choose to register a company in Singapore.
Profits made from a company in Singapore is distributed to its shareholders, which is called dividend.
In Singapore, GST registration is compulsory if your company’s taxable turnover exceeds S$1 million for the past 12 months or expects to exceed S$1 million in the next 12 months.
Employment Pass is one of the most popular work passes which most of the foreign specialists and managers intend to apply when they wish to work in Singapore.
After registering a company in Singapore process completely, opening a corporate bank account in Singapore is an essential step because Singapore is indeed considered as the top financial center and business hub in Asia.