Ready-made company and account in Singapore for trade
Singapore is a recognized international trade center, which offers investors a lot of benefits. For example, there is no tax on income received outside the jurisdiction, and the money is not credited to local bank accounts. There is also no tax on capital gains, gift or dividends. A significant advantage is that Singapore is the world's 14th largest exporter of goods. There are more than 3000 international and local logistics companies. Buying a ready-made company in Singapore allows the investor to start trading immediately, without any delays.
International business in Singapore
Singapore is a great option for companies that want to operate in the Southeast Asian market. It will also suit businesses that plan to trade outside the jurisdiction. Singapore has signed double taxation agreements with many countries around the world, making it possible to save on taxes.
In terms of ease of doing business Singapore ranks among the best countries in the world. It is the only Asian jurisdiction that has received a AAA credit rating from all three major credit agencies. The city is also one of the richest in the world, which explains the high purchasing power.
Another perk of registering a business in Singapore in 2022 are that English is the official language, so you won't have any problems with paperwork. The jurisdiction boasts a well-functioning bureaucratic system, low levels of corruption, and a dynamic small and medium-sized business sector.
Popular export-import directions
- electric equipment;
- mineral fuel;
- optical and medical apparatus;
- organic chemicals;
- perfumes and cosmetics;
- pharmaceutical preparations;
- cosmetics and perfumes.
Features of a ready-made company in Singapore
The main advantages of buying a ready-made company in Singapore are that you do not have to go through the registration procedure, which drags on for several months, as well as the availability of a bank account. In addition to that, the jurisdiction has many firms in different areas, so it is not difficult to find the right type of company.
Ready-made business in Singapore, available to investors, are characterized by the following features:
- It can be a closed or open limited liability company (LLC);
- Availability of trade name, constituent documents, corporate account, and legal address;
- It is possible to calculate the old directors, appoint new ones;
- Permission is granted to increase the authorized capital;
- Certificate of no commercial activity is not needed;
- It is possible to change the objects of activities.
Along with the company, the buyer receives tax registration and taxpayer identification number, which allows starting work immediately.
How much is a ready-made company in Singapore
The price of ready-made company depends on the following:
- Success of the business - availability of loans, black history. There are also shelf companies that have been registered but never operated, so no one has a claim against them;
- Age - the older the business, the more expensive it is. This is due to the fact that buyers have more confidence in a company that has been in the market for several years. As a rule, they usually do not go into the history of its activities. In addition, companies that have existed for several years, it is easier to get a loan from the bank, to find better business opportunities.
How to register a purchased business
Registering a business bought in Singapore is simple enough:
- The buyer chooses a company with a suitable structure and agrees on the details with the seller;
- Draws up a contract of sale with subsequent transfer of ownership;
- After signing the contract our specialists make changes to the charter, if necessary;
- The documents are submitted for registration with the company registry, which may take a couple of days;
- When the owner receives all documents, s/he can actively start trading internationally.
How to buy a ready-made company
To buy a ready-made company in Singapore 2022 for an international business, contact IT-OFFSHORE experts and we will find the right option for you.