How to Incorporate a Company in Singapore & Why Choose Singapore
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- Опубліковано 2 лип 2024
- Incorporate in Singapore: stay.osome.com/RD16
In this video, I share my insights and experiences while highlighting the enticing reasons why Singapore is a prime destination for business establishments.
I have incorporated 3 companies in Singapore remotely within 2-3 days. I'll share the process and tool I use to do this.
Link to Osome: stay.osome.com/RD16
Why Incorporate in Singapore?
Discover the advantages that make Singapore an exceptional choice:
Favorable Taxation:
Benefit from Singapore's enticing corporate tax structure ranging from 0% to 17%. Explore the added advantage of no tax on cryptocurrencies, ensuring your financial operations remain efficient and streamlined across borders without dual taxation.
Easy Registration and Management:
With user-friendly processes and accessible platforms, you can effortlessly navigate various administrative tasks, allowing you to focus on business growth.
Seamless Online Payments:
Tap into Singapore's robust online payment gateways, facilitating secure and efficient transactions.
Conduct business globally, keep funds in multiple currencies like USD or SGD, and seamlessly transfer money across the globe.
Trustworthy and Stable Economy:
Establish your business in a highly reputable and trustworthy country.
Singapore's stable economy, backed by a strong legal framework and transparent regulations, provides a conducive environment for long-term success.
Singapore Incorporation Requirements:
Familiarize yourself with the straightforward requirements for company incorporation, including the company name, a local director (nominee director option available), a registered office, and obtaining the unique entity number (UEN) from ACRA (Accounting and Corporate Regulatory Authority).
The Three Key Pillars:
1️⃣ Incorporation
2️⃣ Accounting: Fulfill your statutory obligations by filing returns with ACRA while leveraging Osome's expertise to simplify and streamline your accounting processes.
3️⃣ Growth: Optimizing payments, invoices, and financial management, fueling your business growth and maximizing opportunities.
Get your free incorporation using my referral link: stay.osome.com/RD16 - Навчання та стиль
Ive used your link!! 🎉
Thanks for your support!
Hi thanks for the video.
My clients pay through crypto, can I receive in crypto like binance after company formation in Singapore?
And how to withdraw revenue to india, what about taxes on that revenue in india. Thanks.
Great video! Just one question.
as a foreigner, what bank do you use for Singapore bank? do you have a video on how it works in regards to using in different countries?
eg. if im in thailand and would like to have a SG business bank account, do i need to pay sg income tax or my home country's?
Hey I use Aspire for banking. I will make a video on Aspire soon.
And no you don't have to pay personal income tax on the Singapore company earnings unless you move it to your own Thai account
Bhaiya why one should choose singapore to incorporate a business! Why not dubai? Can you please make a detailed video on this topic.
By the way you're doing really good work. Keep shining keep inspiring bhaiya 🤝
Hi Rohit the banking in UAE isn’t that easy. I also have a company in UAE but it’s not that usable due to limitations. Singapore is a much more open economy and many digital banks etc support Singapore companies
As you have told in video that you are remotely working from Vietnam. I just want to ask you are you living there permanently? Will you settle in Vietnam with Singapore business visa?
Nothing is permanent including my plans. I might be moving around more in the near future. For now, I'm in Vietnam
Would you still recommend Sleek bank account (besides the accounting part) for receiving payments through stripe?
I don't use the Sleek business account. I use Aspire for managing the account and transactions
I saw you were using Sleek in the other video. Why did you switch to Osome? Is it better?
Yes, I switched to Osome from Sleek.
With Sleek, the accounting plans were based on the amount vs volume of transactions
With Osome, they have fair pricing based on either the monthly amount or volume and you can choose what you would prefer.
I also like the Osome mobile app much more as with Sleek, I had to forward receipts etc to certain email IDs based on how the expenses were made and it did not integrate with Aspire directly (which is the digital banking app that I use).
Osome has a direct integration with Aspire which made it much easier for me to manage the accounting.
Can you tell your experience with the bank accounts like Aspire?
I'm using Aspire for 2 of my companies and the services are pretty good and the support is excellent even on the free plan. I'll make a detailed video on Aspire too.
Hi I did the same. I also ended up using Osome.
What do you mean free incorp with your link?? The price on their site is $3000. Thats free??
Instead of going to their site just go through the landing page and you’ll see the message get free incorporation and 16% off accounting plans you can fill the form there
Hi
I am a freelancer having a sole proprietorship in India.
I provide digital marketing services and most of my client are in USA and Canada.
Currently I have to send them manual invoices and they pay me by doing wire transfers manually going to the bank.
I want to streamline this and having recurring payments on their cards so I can get payments on time.
Do you think I can get those gateways in India or Singapore is the solution?
My current monthly revenue is only $2k
That's great! I also run a digital marketing agency @mapplinks and we work with D2C ecom clients in the US mostly.
For my company, I have setup a bank account using Aspire with my Singapore company, and made the invoices recurring monthly using Xero.
I think a similar setup could work for you.
All these things are way easier to setup through a SG co & Aspire lets you open a US bank account with your SG incorp
@@remoterish so it’s not possible to setup the similar thing in India?
Like getting an international card gateway ?
Can you use to to apply for payment gateways , and if yes what payment gateway you use to accept payments from your clients ?
All international gateways
We personally use stripe, PayPal, payoneer, wise
@@remoterish what do you suggest and use ?
Each one has its own use case
What is the pricing in osome??
You can find the standard pricing on the website, and the discounted accounting plans that include free incorporation through the link in the video description, all the best!
So you pay zero tax in Singapore as all your revenues are sourced from outside?
I do pay tax in Singapore but it’s not very high
Why didn’t you choose incorporating in USA like Delaware/wyoming
As your clients are based there…
Tax reasons.
It doesn't matter to them as long as I have a US bank account.
@@remoterish could you explain that more.. as I was looking at Wyoming incorporation and it only costs $300-400
Whereas Singapore company package was around $2000
I think that price is for just the incorp and then you need to bear the expenses of accounting and compliance separately.
Only place where you can save money in the US incrop is the nominee director which I feel can be expensive in case of SG.
But you need to do the math in terms of how much you save on compliance + accounting + tax if you incorp in Wyoming vs SG (per year) and then take a decision
Thanks a lot for the support
Hi Rishabh, is there a way to reach out to you? I had few queries regarding registering a company in Singapore, and few more tax queries. Would be great if you could help share your email id? Thanks! :)
P.S. - I would also be using your link for the Osome registration.
Right now I only have a 30 minute consulting call option here topmate.io/rishabhdev