Getting Your Legal Documents to Work in Singapore

Many of the foreign companies which have their branches in Singapore have their people supervising the daily activities of the company. These foreigners enjoy their life in Singapore because the multicultural society in the nation welcomes people from everywhere. Nobody is allowed to feel like an alien in Singapore. This attracts foreigners to extend their stay in Singapore and try to become permanent residents here.

Singapore offers a good lifestyle to foreigners. All comforts are available in Singapore along with enough entertainment and recreation for the whole family. The nation is well connected to all the parts of the world and so the people can go to their countries whenever they want. As the government allows foreigners to settle here, many people have made this their home. 

Getting Foreign Employees to Work Legally

As more and more foreign companies are started in Singapore there is a requirement for more foreign workers. Companies established by foreign nationals would like to have their people in key positions and this makes it necessary for many foreigners to come and stay in Singapore. Anyone who wants to work in Singapore must get themselves a work permit suitable for their position in the company.

The ministry of manpower is the authority to issue passes in Singapore. Singapore immigration insists that anyone coming into the country should arrive here with the proper papers. Apart from a selected few countries most of the other nationals require a visa to enter the country. The companies that need employees from other nations should procure a working pass for all their foreign employees. 

Different Permits for Employees at Different Levels

The employment pass is the pass that is processed by foreigners who work as directors in the company and look after the operations. Managers and executives earning above S$3,6000 per month can apply for an employment pass through a good corporate consultant. They are the best for this job as they can properly follow up with the authorities and answer queries asked by them. The employment pass offers a lot of facilities. The attractive rate of Singapore tax is a major attraction for many people to work here.

There are times when companies require people of some special skills that may not be available in Singapore. They are forced to seek workers at the middle level with these skills from other countries. They can come and work here with an S-Pass which the employer must secure before bringing the employees. The employer must also satisfy the condition of employing a proportional number of local people before they can bring in foreigners.

It is not always essential for a foreigner to be employed in Singapore to get a pass to work here. They can also get a pass to seek work in Singapore. Singapore issues the Personalized Employment Pass for those who are highly qualified or possess extremely good training in some special fields who would like to seek work in Singapore. They can stay in Singapore with this pass and seek employment. The pass is only valid for six months. For employees from certain preferred countries, Singapore issues the work permit. The company that wants to employ such people must have a stipulated number of local workers working in the company. 

How to Become a Permanent Resident of Singapore?

There is no reason why anyone who is working in Singapore would want to leave the country. It is a place which offers everything you will need in your life. The quality of life in Singapore is very high with all the amenities available to you easily. It is a nation that loves to live in peace and everyone who stays here gets treated equally. Becoming a PR in Singapore must be the dream of most foreigners living here and it is possible if you have the right consultant to advise you on the matter.

Let Your Tax Matters Be Handled By Experts in Singapore

Understanding Corporate tax and employment pass in Singapore

Singapore appeals to global businesses to come and grab ample of business opportunities as well as earn revenue for their concerns by availing the benefit of tax exemptions for foreign businesses having the potential to grow and give the benefit to the nation too. Moreover, the Asian city-state like Singapore offers huge profits for foreign companies, investors and entrepreneurs for saving Singapore corporate tax, which is estimated up to 17% and GST is 7% only.  Besides, you will find some more profits in Singapore, which makes it a right destination in Asia to do business such as economic stability, magnificent infrastructure, political support, property security, easy business incorporation and registration process, easy to get business passes and employment pass and many more. Hence, all such benefits have made Singapore a suitable place to do a business expansion overseas and expect for huge growth prospects of business in the country easily.

Let’s take a look at a few key points, which influence  global companies to do business in Singapore:

1. Low Corporate Tax Rates

It is the prime reason that fascinates many entrepreneurs and business tycoons around the world to do the new business setup in Singapore too. The Singapore's corporate tax rates for all level companies are fixed up to 17% that is lower than taxes in other countries. However, the small and mid sizes business have found Singapore's right place to do business and earn revenue as well as save money by paying low taxes to the government.

2. Tax Exemptions for Foreign Businesses

The Singapore government gives huge profits for foreign businesses, which are not able to pay taxes, but have potential in business plans. For those companies, the government provides tax exemptions or gives them 100% tax-free facility till they achieve the threshold or cross the limit of taxable income slot. However, foreign companies do not need to pay any taxes for the initial 2 or 3 years. But, once you start earning good, your tax exemption the limit will reduce to 50% and gradually diminish once you start earning good to pay taxes of business expenses annually.

3. Easy Process of Company Incorporation and Registration

The foreign business having concrete business ideas and eligibility, they are most welcome by the Singapore government to do incorporation of their new ventures as well as get registration of private limited companies in the country easily. For more convenience, you can approach to the leading business registration agencies which can help you better in this regard. They will do the favor and can apply for company incorporation and its registration in Singapore according to the rules of ACRA and IRAS authorities in the country. Also, you will get a free consultation of business incorporation or registration requirements, documents, and legal formalities to do easily for the intended purpose.

4.  Get Business Passes Easily

Singapore government gives business permits or work passes easily to those entrepreneurs, candidates, investors, etc., who have an impressive business plan and expertise in a particular domain that is in huge demand in the industry. Some of the relevant business passes and work passes in Singapore are S Pass, Permanent Residency Pass (PR), Employment Pass (EP), EnterPre Pass, and many more. For instance, if you want to apply for employment pass in Singapore for joining the post, you need to ensure that company plays its role to issue to employee pass for you and apply for the same legally. 

5.  Superb Infrastructure

Singapore also entices the global business tycoons through its stunning beauty and modern infrastructure as well. The foreigners not only visit  Singapore for tourism but also want to settle there with family. Also, the business freaks do like to work in fully furnished offices in commercial buildings located in posh areas in the city. So, if you do prefer to do business in Singapore, you can hire any furnished office on rent and start business easily.

Thus, above are some key points, which have influenced many businessmen in the world to do business in Singapore with zeal.

How to Get Employment Pass and Dependent Pass in Singapore

Are you willing to do business or job in Singapore? If yes, you need to first be eligible for the same and arrange the required documents and proofs to submit the Singapore government or manpower authority in the country for the verification process. The aim to follow all legal procedures for doing the job in Singapore is to get genuine business passes or employment pass to stay in the country for the desired purpose. There are different kinds of business passes and employment passes have been issued by the Singapore government for foreigners, who want to do business or job in Singapore. However, the applicants seeking to work or do business in the country, they need to acquire the relevant passes for the same reason through legal ways.

Employment Pass (EP) in Singapore

It is mandatory to follow all legal steps involved in the process of achieving business passes as well as work passes in Singapore. For instance, if you want to do the job in Singapore, you need to first apply for Singapore employment pass (EP) through the legal process. Also, you need to make ready all documents and identity proofs to submit to the foreign recruitment agencies in Singapore to get employee pass legally.

Here are eligibility criteria to qualify by the applicant to get employment pass in Singapore: 

•       Firstly, the applicant should have a job offer in a recognized company in Singapore    
•   The employment post should be executive, managerial, or any specialized person in the company.
•       .The monthly fixed monthly income of the applicant should be at least $3.600 or more.
•     . Applicant should have required qualification, work experience, and enough eligibility to get a job in Singapore.

Once you qualify the above requirements successfully, your employer has to issue the work visa or employment pass to work in Singapore for a certain period of time. In case, you get failed to qualify any requirement, your application will lead employment pass rejected due to the same reason. So, it is advised to go through with all legal steps and fulfill requirements of employment pass in advanced to before applying for EP in Singapore.

Dependent Pass in Singapore

Similarly, if you want to call the family members to Singapore for living, you need to apply for the dependent pass (DP) in Singapore for eligible family members. Here the person working in Singapore or has EP pass or work pass can apply dependent pass for family members like spouse and children below the age of 21 years. So, if your family members are eligible to qualify the requirements, then you can apply for the dependent pass (DP) for them in Singapore through the legal process easily.

Hence, you can get the employment pass and dependent pass in Singapore for employment and family members easily, if you go through for the same through legal steps.

An Overview on Singapore Corporate Taxes for New

Singapore is an ideal business destination in Asia, which offers ample business opportunities for small to mid-size companies in the world to expand their wings and achieve remarkable success in the competitive industry. Moreover, there many factors, which have made Singapore a suitable business expansion destination in the world. For instance, the lower tax rate for foreign companies in Singapore is always an appealing thing, which is recognized by all level businesses in the globe. You will be delighted to know that the Singapore government provides many reasonable tax rates and tax exemptions for new companies, which will help them to grow and earn revenue for them. Thus, it is a big deal for all small businesses to know the benefits of Singapore corporate tax rates for foreign businesses and grab the advantages of them wisely.

At present, Singapore corporate tax rate is fixed up to 17%, which is quite lower than corporate taxes in other countries too. Moreover, the government is giving flexibility in taxes for new enterprises in Singapore as well. For instance, you can avail full tax exemption as 0% on the annual revenue up to $100,000 that will be applicable to 3 years of incorporation of the company.

Furthermore, if you have a new company in Singapore, which has an annual revenue of up to $300,000, you will get a partial tax exemption of up to 9%. The company has annual earning more than the previous amount will be liable to pay full taxes up to 17%. Thus, every new business in Singapore will get relaxation of taxes up to 2 or 3 years till it achieves the threshold or meets the deadline of annual earning that should be impressive and consistent too. So, every new company in Singapore will get enough time to grow its revenue and stand on its feet to earn enough to pay a fixed tax of its expenses to the Singapore government as per ACRA norms.

For availing benefits of goods and service taxes (GST) in Singapore, you need to register for GST, if you have a new company in the country. Now, you need to ensure that your business comes under goods and service tax slab that is set up to 7% and calculate for the same as per ACRA norms in Singapore. If your business supplies are exceeding more than S $1 M for the next 12 months, you need to pay GST tax as proposed by the government. Thus, there are so many advantages of doing business in Singapore in terms of exemptions in taxes to save money for business development.

So, if you are interested to do business in Singapore, you should approach the ACRA business registration agency and apply for the same wisely. An ACRA approved business registration firm in Singapore can also help you for applying for company incorporation and registration in the country through legal ways.

Benefits of company registration

In the territory of Singapore, ACRA controls the legalities of the business as per the business activities and as per the business act the registration of the business which is running in the territory of Singapore is must or government would take strict action against the company. ACRA is the abbreviation of the Accounting and corporate regulatory authority and it works to regulate the business and see that there would be no illegal works done by the companies. There are many people who have new ideas to implement in the market but don't know how to start a firm legally then just read the article below that what one can have benefited from ACRA business registration.

Profits for the company in registration

• Shares - There are many people who are searching for the companies where they can invest and sometimes when they find a company that is growing, they want to have the knowledge of the company's registration. It makes the investor so sure about the company that they can invest in them.

• Penalty -  As we have discussed earlier that the registration of the business is a must in Singapore but people are running their business without registering their business. When the government officials find about the companies which are running without registering themselves then the government put a penalty on them. Companies don't want to have a penalty like this on them which would make a loss to them.

• Clients/ customers -  when a customer wants to purchase a products they usually look out for the company so that they can have a proper idea where they are spending or investing their money and if the company is not registered there might be a chance that the people will reject the good because of the registration is not done.

• Image -  when the government put a penalty on a company then there is a higher chance that the image of that company might get tarnished in the market and there would be many people who would not invest in that company because of this. Many people had to accept the loss because of this.

• Loan -  In the business there are sometimes when one has to take the loan from the bank and it becomes easier for the people to have the loan as banks now have the genuine company which is demanding the loan that makes it easier for the people.

Company registration services

There are many people who have the idea of the benefits of their company but they do not have the idea of how to register their company in Singapore. There are many companies that are providing registration services which one can use. One just has to look out for the company registration services those have the respected name in the market and many of them have the skilled and professional employees which make their work more efficient.

Private limited company Singapore 

It is the type of company which is a small business and their share is not publicly open. If you want to start a private limited company there should be at least two members that are required.

Innovative Ideas Can Make Good Businesses

If you want to make your business it must be based on innovative ideas. Many of the successful entrepreneurs became so because their business ideas were new. They were not just new but also helped to solve some issues for the common man. Many online businesses are successful because they help people to lead a little more convenient life.

When you are starting new, it is better to start small. You can see how the business fares and then you can expand. If your idea is good then there will be people to fund you in the beginning. With this, you can start the business and prove that it can work. Singapore is a good place to start a new business because people welcome new ideas and technologies.

Starting a Small Company in Singapore

When you are wondering how to do small business in Singapore, you must know that there are quite a few organizations that are involved in the financing and supporting of small businesses. These organizations also help in getting finance for the company. These organizations are looking for young people with innovative ideas. They can help you to crystallize your ideas and give a better form to your business.

Make Your Startup Business Take Off

One of the best fields for a quick take off in startup business is the Mobile application field. Many people have developed innovative apps and made it a big business. The use of mobile apps is increasing every day. People find the convenience very addictive. People no more go out to get anything. Whether it is a product or a service, they are able to get it with a mobile app.

One of the best startup business ideas is to develop an innovative app which will solve some pain points for the user. There are still many services and products that are not available through an app. You can even find some niche products to be sold through apps.

Know What You Can Do

Instead of looking at what business has the best growth prospect you must look at what business you are familiar with. It is always best to start a business that you know. The best way is to work in some company for a couple of years to learn the business. Within this period, you will learn the tricks of the trade so that you are ready to face any obstacle once you start the business. Unless you yourself have hands-on experience in the business it will be difficult to run it smoothly.

The first thing to do when you start the business is to decide what type of company you want to form. This will depend on the type of business you are starting. There are certain businesses which may not require much investment in the beginning and you can start the business with your money. There are other businesses that may require you to team with a group of people. Professionals will like to team up with specialists in their own field to form a company.

Ideas to start a business

There are many companies that are working continuously on new ideas so that they can come up with a new product or service that would make the life of the people easier. People are getting attracted by the products that are efficient as well as affordable price range. They invest in the company by purchasing the product or invest in the shares that make a company profitable. Companies are concentrating on making their products or service more and more user-friendly so that more number of customer would get connected by the company that is very important in a business with so much competition. There are many people that have also new ideas but they don't know how to start a business. In this article, we would discuss how one can start a business and why people get lost in their business.

What business should I do?

There are many people who want to open a business but they don't have a clue that what business would be suitable for them. Many people get losses when they start a business by looking at someone else business that might take them on the path of losing that is not good for the business. One can see the following things to understand how should they choose business. 

• Interest –It is one of the basic things before starting a business that one has to find their interest in which one wants to do the business. There are many people who don't have any interest in their business due to which the growth of their business would get slow or stop. One should have a proper interest in the work as the owner of the business should have new ideas to run the business that would come automatically when you run the business.

• Customers – One should always think that what type of problem that the people are facing that can be solved by your service or product. If you are selling sand in the desert then the chances of getting lost in the business would be very high. One should have a proper research about the market condition.

• Experience – One should see that in which work they have most of their experience so that one can do the work easily. If the owner is skilled then it would become easy for the owner of the company to work. If one doesn't have any business experience then one should try some small business by thinking small business ideas and run it so that one would have a proper experience.

Digital business

If we see the current scenario there are many business owners that are transforming their business digital. This is the main reason people are searching for how to start an online business so that they can start their business online. It increases the reach of the product or service of the company that makes more and more customer. Companies are getting more profits after making their business successful online as they get more customers there.

Singapore Lures People to Come and Settle Here

It is true that everyone loves to come and settle in Singapore. It is a country that has everything for everyone. It offers a lot of business opportunities for foreign investors and entrepreneurs. The country has the best educational system that the children of foreign immigrants can take advantage of. There is a very warm society that welcomes people from all parts of the world to come and live among them.

The other factor which welcomes foreigners to come and settle here is the kind of life anyone can enjoy in Singapore. All the comforts that you can get anywhere in the world are available in Singapore. There is an excellent infrastructure that makes doing business and living very comfortable for the people. There is scope for entertainment for all types of people and for all ages. There are also many places to visit in the island nation that can keep your weekends busy.

Different Permits That Let You Live In Singapore

There are many types of work pass in Singapore which are processed for foreigners to come and work in Singapore. These passes are issued on the basis of various criteria fixed by the immigration department. The factors include the status of your business, your qualifications, your salary, etc. Each of these passes allows you certain privileges in the country. Most of these are used by people who come here to start their own businesses.

Singapore as a business hub in the region attracts many foreigners to come and start their own business. Many of these foreigners like to stay here to see that the company is performing well. Being a country that is very cordial to foreigners most of these people love to stay in the country and develop their business. These work permits and passes can be easily secured using the various corporate consultants in the country. The Singapore employment pass remains the favorite of most people who come to Singapore as it allows many benefits. 

Getting an EntrePass in Singapore

An EntrePass is issued to entrepreneurs who fulfill any of the numerous conditions that are put forth by the government. This pass is issued to those who don’t have the qualification or the job status to apply to get the employment pass. The EntrePass is given to prospective investors in the country. If a person has an investment record or has intellectual property, he or she will be issued the EntrePass. It is also issued to people who have secured funding from an authorized venture capital company. People with expertise in some new technology that can be useful for Singapore are also issued the EntrePass.

There are certain conditions that must be fulfilled after issuance of the pass. The persons must spend S$100,000 for business purposes in the first year of establishing the business. The company must appoint at least three local people in the first year of business. You can get the pass processed by service providers in Singapore. The pass will be issued within three to eight weeks from applying if all conditions are satisfied. 

Getting a Permanent Resident Status in Singapore

Anyone with a Singapore Employment Pass can apply for the Permanent Resident status. You can also apply for this status if you are an investor fulfilling certain conditions. The permanent resident status offers a lot of benefits. You and your family can work, live and travel freely in the country. Your children can use the public education system which is regarded very high around the world. You can also buy property in the country if you are a Singapore permanent resident.

This is probably one of the most coveted permits sought by foreigners. This helps them to take advantage of the excellent society and facilities in Singapore. Though you can apply for this any time after you get your employment pass, it is wise to get the advice from a good corporate consultant in this matter before applying for the same.

Singapore employment agency

There are many professionals and skilled people who do not have jobs and if they have jobs they are not getting enough wages for which they deserve. There are many companies who want to hire a dedicated and skilled person but due to lack of employment agencies, they have to be adjusted as per their current recruitments. There are many people who want to do jobs in a reputed firm or organization but they do not have anyone who can guide them on how to place in a company and can work as per their deserving wages.

What are the benefits of taking services from an employment agency?

If you are in Singapore or want to work in Singapore and you are searching Singapore employment agency then you are very lucky that you find this website and we would tell you in the end how you can get a perfect job but first things first you have the knowledge of how employment agency can be beneficial for you and for this read the following

·     Selection of right candidate -  Some time companies or organizations hire someone which are not as per the position in the office and are taking the much higher wage than he deserves and because of these companies do not make much profit because of him as they were expecting to have and companies expense many resources on that employee. Employment agencies take care of this problem and give the company a right candidate which also can make a profit for the company and justifies its position and wages in the company.

·        Finding the right company - Many of the people who are doing a job on which they are getting less pay can understand the importance of the employment agency as an employment agency not only helps the companies to find a right candidate for them they also make the way for employees to be a part of the right organization or company so that they can have the right amount of wages.

·      Saves time -  companies and people waste lot of time on hiring and finding the right type of people and due to this they have lost all the beneficial time that could be converted into an important work but due to this, not only company gets a loss of time it also gets the decrement in business.

·     Saves resources -   many companies spend fortune and resources of the companies to find the correct person to do the job but due to the long route taken then always company gets loss in its resources because in a hiring process there can be many people who want the job without any filtration and that can harm the company's time. Singapore employment agency works on the same problem and made the solution out of this, it made a filter system so that companies or organization can have the resources saved and they can hire the filtered candidates which can give the enhancement to their business and can take the company on the top of the industry and made the company profitable. Singapore permanent residents have the reservations in this as the companies hire the one who forms the country because of the employee would never leave the country and Singapore people can have the job preference which can make people's life easy and convenient.