Dating companies in singapore
And, the amount has to be remitted to the tax authorities.
GST filing is a compliance requirement for all GST-registered businesses.
Be it the general ledger, accounts payable and account receivables, or fixed asset ledger; every account must be maintained on a timely basis.
The annual financial statement must be prepared and filed with the authority in XBRL format.
Since you are here reading this article, most probably you have decided to register a company in Singapore because of the ease of doing business & tax exemptions that the Singapore government provides.
However, there are some obligations that you must discharge for starting a Singaporean business. They are useful for maintaining a lawful business environment.
It all depends on the company’s business activities whether you need to obtain one or more business licenses and permits for your newly incorporated company.
After the approval of company name, you can apply for company registration.
The major banks you may consider are HSBC, DBS, OCBC, Citi Bank, Standard Chartered, UOB, etc.
Nowadays to fulfill the norms of KYC, many banks demand the physical presence of the company stakeholders for opening a corporate bank account.
The owners of a sole proprietorship or a partnership have to pay personal income tax (0%-22%) on their income from their business.
Based on the scalability and robustness, a private limited company is the most preferred business structure to entrepreneurs who want to register a new company in Singapore.***If you are going to use our company registration service, please provide at least 3 names for us to check name availability with ACRA.