Opening a Business in Singapore

Firstly, Australia and Singapore assign the minimum school year extend to over ten years. The compulsory education provides the basic and essential knowledge and skills for students before they find a job or take a higher education. Therefore, Singaporean government supposes ten years from primary school to ensure that all of leaving students who

As I have already mentioned, Singapore has four official languages: English, Tamil, Mandarin and Malay. It was so historically formed that the official language of Singapore is Malay and the national anthem is also written in Malay language. English is the administration language of Singapore and it is mainly British English, but also contain some American English influences. English remains the first language medium in schools and colleges of the country, and is also the most widespread language in the literature. All signs and official publications are written in English, but there are also versions translated into other official languages. But the population doesn’t speak English, but so-called Singlish with Creole characteristics, Chinese dialects, and Indian and Malay languages.

company that has not yet been registered. How can the company be bound (and have

A trademark protects well-known brand logos and helps differentiate them from similar products or services. When you register for a trademark, you are entitled to display the ® symbol (registered trade mark). If you are registered for this, others must request permission If they wish to use your brand. If permission is not requested, legal action can be

4. Government. You need to submit paperwork to form a business entity, you should probably get at least one or more licenses or license, you must be careful to avoid all

Also each partner must register for Self Assessment with HM Revenue & Customs and complete an annual tax return. Partners in this type of business need to raise money for the business out of their own assets or with loans.

[5] It collects revenue for the Australian Government from income tax, Goods & Service Tax, and other federal taxes. [6]

The choice of legal status for setting up a new company can be complex and is dependant on various tax, commercial and legal considerations (Accountingweb, 2014).

It is also easy for many other companies to set up headquarter in Singapore as their starting point in Asia to make it possible to reach to its market point. In addition, Singapore is unique in different lifestyles and culture. It is also known for its capability of attracting sizable foreign investment, pro-business environment and entrepreneurs. Singapore focuses more on a knowledge based economy which can be seen in its education sysem. Furthermore, Singapore is located in the heart of Asia and it plays an important role in international

A  limited  company  has  named  directors   whose  financial  liability  is  either  limited  by  guarantee  or  by  shares.  Setting  up  this  kind  of  organisation   involves  to  comply  additional  costs  and  time  in  order  to  comply  to  the  company  law.     ! Charitable  Status     Organisations  with  charitable  purposes  can  apply  for  charitable  status.  Benefits  include  tax  advantages   and  the  ability  to  receive  donations  from  charitable  trusts.

Singapore has a highly developed market which has historically revolved around extensive exports trade, in other words an export driven economy hugely dependant on export of goods to other countries.

The Jurong Industrial has help Singapore to industrialize the economy. With increasingly of foreign corporation entry has made Singapore more advance with it technology. Today Jurong Island has over 95 global companies. It has a fixed

Those legal structures are: sole trader,partnership,partnership with limited liability(LLP),private limited company (LtD) and public limited company (PLC).

3 4 11 FOREWORD INTRODUCTION - Getting to know Singapore OVERVIEW OF LEGAL ENVIRONMENT - Legal Framework - Handling Civil Disputes - Employment - Immigration - Competition Act - Singapore's Free Trade Agreement (FTAs) STARTING A BUSINESS BANKING RELATIONSHIP IN SINGAPORE - Introduction to the Financial Landscape in Singapore - Banking in Singapore - Business Credit Facilities - Business Protection TYPES OF BUSINESS ORGANISATIONS - Sole Proprietorships and General Partnerships - Limited Liability Partnerships - Limited Partnerships - Companies - Joint Ventures - Foreign Companies - Representative Offices - Incorporating a Company - Annual Requirements for

The Republic of Singapore celebrated its 42 years of independence in year 2007. Situated at the southern tip of Malaysia, Singapore currently holds a population of 4.68 million as of June 2007. At 704.0km2, it is ranked 4th in the world for its population density. During the past four decades, the economy as measured by real Gross Domestic Product (GDP), multiplied by over 20 times (Ghesquiere, 2007, p.11). As a small and extremely open economy, Singapore long term survival is very much dependent on the ability to maintain its viable position and remain afloat in the sea of global competition (Mun Heng et al, 1998, p.14).