Tax Exemptions for New Company Registration Singapore

Singapore is a very central business place where they employ their efforts to enhance the growth of a new business. Company registration singapore newbie’s enjoy tax free profits up to $100.00 for the first 3 years of registration. While this is done you have then to meet the qualifications as the law demands. Such includes company incorporated in Singapore and have been a tax resident in Singapore for over 1 year. You should have less than 20 shareholders during the basic year and must have all shareholders being individuals during the first basic year. This is a business government scheme which only works for foreigners but not citizens who own companies. For the citizens they do pay much reduced and reasonable taxes which help boost the countries income. Singapore a city situated in the East Asia is truly a place to register your company and wait to see it boom in a short period.