Benefits of Incorporating A Company
In Singapore, company incorporation aids in protecting a business owner's assets from legal and financial risks. Other values that are in line with Singapore can benefit from an incorporated company include:
Startup Tax Exemptions (75%) on the first $100,000 and (50%) on the next $100,000 net profit amounting to $125,000 Tax Exempted for the first 3 years.
Partial Tax Exemptions (75%) on first $10,000 and (50%) on next $190,000 of net profit amounting to $102,500 Tax Exempted (if startup tax exemption is not applicable)
Limited Liability (Limited to pay up compensations only up to your indicated paid-up capital)
Personal Assets of Directors or Shareholders will not be implicated.(Subject to the "system of lifting the corporate veil", Eg: Officer or Shareholders whom committed fraud.)
Startup Tax Exemptions (75%) on the first $100,000 and (50%) on the next $100,000 net profit amounting to $125,000 Tax Exempted for the first 3 years.
Partial Tax Exemptions (75%) on first $10,000 and (50%) on next $190,000 of net profit amounting to $102,500 Tax Exempted (if startup tax exemption is not applicable)
Limited Liability (Limited to pay up compensations only up to your indicated paid-up capital)
Personal Assets of Directors or Shareholders will not be implicated.(Subject to the "system of lifting the corporate veil", Eg: Officer or Shareholders whom committed fraud.)
Updated on: 23/12/2022
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