Business Compliance Package – Best Incorporation Procedures for Registering a New Sole Proprietorship in Singapore But our larger purpose extends beyond that. We’re here to make your life easier – from day one.
We have designed a comprehensive package that gives you peace of mind that your ACRA and IRAS requirements are fully taken care of. So you can focus on what matters – growing your business.
Business Compliance Package
Not sure if you should set up as a sole proprietorship or partnership/sole proprietor? Talk to us.
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Note: The rates mentioned above are only valid for the first year of your business. Beginning in the second year, our standard accounting plan will be used.
Running a sole proprietorship/partnership business and want to convert to a sole proprietorship? We will help you manage transfers and transfers and compliance.
Do you have payroll, FX and other unique management needs? We’ll provide you with on-the-go management resources to help you scale.
A company with only local management can be established within a day. Companies with foreign directors may take a few days as they have to implement ACRA’s KYC (Know Your Customer) requirements.
Compliance Regulatory Reporting
Starting a business in Singapore is quite simple and easy. However, expatriates are encouraged to appoint a registered filing agent such as Counto to file the incorporation application.
It is important to note that although foreigners can own 100% of the shares, they must appoint at least one local director (Singaporean or permanent resident). To stay compliant, you can appoint a designated local manager.
Singapore company law requires all sole proprietorships to have at least one director who is ordinarily resident in Singapore. This person is often referred to as a designated manager, designated manager or local manager.
The Mayor does not own any shares in the Company and does not participate in the management or financial management of the Company. He is there to act in the best interest of the company and ensure everything is in accordance with Singapore law.
Packaging And Labeling
Your company can have as many directors as you like – most importantly, at least one must be a local. Finally, you can choose to replace your local nominated director with a non-local director who has obtained a work pass from your new company (which usually takes 6 months).
No, you do not need to be physically present in Singapore to register a company. You can hire a local business service provider such as Counto to assist with the incorporation process on your behalf.
You can check if the name is registered through Bizfile. Note that once you register your company name, ACRA will hold it for up to 120 days.
We can tailor any package including Company Secretary Plan as per your requirement. Start chatting with us or Whatsapp us on +65 3129 5622 to know more.
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What happens to the Incorp++ or overseas plan if my annual income exceeds S$50,000? Can I switch from annual reports to monthly reports or virtual CFO?
If your annual income exceeds S$50,000, we will charge the difference between the price you see for your final income under the annual reporting plan (use the slider) and the base plan of S$50,000. For example, if the income is S$200,000 in the first year, we will charge an additional S$500 (S$1,350 – S$850).
You can always switch from an annual report to a monthly report plan by paying the price difference. Note that all estimates are based on fiscal years.
Counto has partnered with a number of specialist firms in Singapore to cater to the needs of overseas entrepreneurs. Talk to us and we can help you create an affordable package for you.
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No, we don’t. If you leave the company and disappear, we will close the company and seek legal means to recover our charges.
Singapore has a flat corporate tax rate, which applies to both domestic and foreign companies. The standard corporate tax rate is usually 17%. However, Singapore offers various tax incentives and exemptions for certain types of income and industries, which may result in lower effective tax rates.
Singapore’s corporate income tax is based on the company’s taxable income, which is derived from gross income and deductible expenses, capital allowances and tax credits.
You can start a company in Singapore with only one shareholder. Maximum number of shareholders is 50 people.
Portfolio 1 Column
Yes, foreign companies can open subsidiaries in Singapore. These subsidiaries may be wholly owned by the foreign parent, subject to compliance with local regulations and requirements.
Yes, you can do e-commerce and online business in Singapore. Singapore is a hub for digital commerce and there are no specific restrictions on e-commerce. However, you should still comply with applicable laws and regulations, such as data protection and consumer protection laws
Yes, Singapore has an extensive network of Double Taxation Treaties (DTT) with many countries. These treaties can help reduce or eliminate double taxation of income and provide other tax incentives to foreign-owned companies.
Yes! Your plan includes live support. You can start chatting with us at any time using the chat application on our website. Alternatively, you can contact us through our email service or our helpline Your call will automatically be routed to a dedicated Customer Success Manager, ready to assist you. Outside of normal business hours, our team typically responds within a few hours or less. This site uses cookies to provide and improve your shopping experience. If you want to benefit from this advanced service, please log in cookies page
Doola Total Compliance Bundle
Health and safety can be a daunting prospect for a business just starting out and it’s important to start on the right track. Our consultants specialize in guiding growing small businesses to comply with health and safety regulations, with minimal cost in time or expense.
With a growing business in mind, we’ve created this health and safety pack to provide quick, easy and cost-effective health and safety guidance.
Once you have completed your order, one of our team will contact you to provide documentation and arrange a telephone consultation to guide you through the package.
In order to fulfill your order as quickly and efficiently as possible, we will sometimes split your order into different packages so that we can use products that are in stock at different warehouses. Products you order from Total Security Supply may sometimes be shipped in multiple shipments. For example, you may receive multiple invoices if your order contains oversized items that need to be shipped separately. Regardless of the shipping amount you receive, you will be charged the originally quoted amount when you submit your order. Orders will only receive a shipping charge. Faller Pharma Adherence Packs provide optimal support for patients taking medication. The packaging solution was specially designed to make it easier for patients to take the medicine with tablets. Thanks to the integrated design in the packaging to provide instructions for taking the tablets, patients are helped to take their medication at the right time and in the specified order – appropriate and important for their treatment.
Annual Compliance In India
By tearing off the perforated tab, the blister can be withdrawn only in “doses”, thereby giving the patient only tablets for the duration of the medication. With the integrated five-sided Lepo logo, the same surface provides more space for patient information. The stable coating prevents dirt from sticking to the sides, thus ensuring retrievability. Part labels aid in appointment reminders and documentation in medical records.
In addition, both products – folding boxes and labels – can be used separately from each other.
Winner of the German Design Award 2018 Faller Packaging is confident again with the “Pharma Compliance Pack” and wins the German Design Award! The company is now more famously recognized for its innovative solutions which have won the German Packaging Award 2016 and the Pharmapack Award 2017: German Design Award 2018 in the “Packaging” category.
Winner of the German Packaging Award 2016 The pharmaceutical compliance package is one of the latest solutions in the German Packaging Award 2016, category “Efficiency and Convenience”.
Comprehensive Aml Certification Package For Compliance Pros
The combination of the compliance pack and the 5-sided Lepo logo, the winner of the World Star Award 2017, also convinced the jury of the World Packaging Organization 2017.
Ease of compliance and facility opening and easy-to-manage demographic changes particularly increase the need for age-appropriate packaging that supports drug uptake. Here, the focus is on all practical aspects such as easy intake and administration (benefits) of the drug. And multi-functional packaging should help patients when it comes to compliance. Influence your customers’ purchasing decisions with a more attractive packaging design at Bővebben Finishing PoSI that stands out from the crowd. We help put your product in the spotlight with visual and haptic packaging enhancements: Boveben Smart Packaging Pharmaceutical packaging becomes smart. The packaging of the future is called “smart packaging”. The most important feature here is the packaging
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