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Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013. Lucas K azumasa N akase Manager- SCS G lobal S ingapore. NIS Global member for Singapore since 2008.
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Doing business in Singapore • Lucas KazumasaNakase • Manager-SCS Global Singapore • Tuesday 17thSeptember 2013
Lucas KazumasaNakase Manager- SCS Global Singapore NIS Global member for Singapore since 2008 Lucas is an Asian Tax professional with licensed Japanese tax accountant. Prior to joining SCS Global in 2011, Lucas had worked in Ernst & Young TAX in Tokyo for 5 years, where he was involved in various international tax issues for foreign companies. In Singapore, Lucas has been involved in more than 200 Singapore companies' incorporation for mainly Japanese multinational companies and also involved in their tax consulting including organization restructuring of Asian subsidiaries. Lucas and his team have supported numerous NIS Global clients and Japanese multinational companies as they enter the Asian market place. Their knowledge of this complex territory is extensive, which enables them to provide useful and timely advice to businesses. T: +65 6221 1718 (Ext.123) E: nakase@scsglobal.co.jp www.nisglobal.com
Local business environment • What are the advantages of Singapore • Overview of the advantages • Advantage of the Infrastructure • Advantage of Taxation • Disadvantage of Singapore • Procedure of doing business • Typical company structure • Comparison of Legal Entities • Schedule of incorporation for Local company • Compliance after set up • Index www.nisglobal.com
1. Local business environment www.nisglobal.com
Local business environment Map of Asian countries www.nisglobal.com
Summary of Republic of Singapore • Local business environment
What are the advantages of Singapore? www.nisglobal.com
Overview: Advantages www.nisglobal.com
Advantages: infrastructure www.nisglobal.com
Advantages: infrastructure www.nisglobal.com
Advantages: less regulations www.nisglobal.com
Advantages: infrastructure www.nisglobal.com
Advantages: infrastructure www.nisglobal.com
Advantages: taxation www.nisglobal.com
Advantages: taxation 1.Low Tax Rate www.nisglobal.com
Advantages: taxation 2. DTA, IGA, FTA www.nisglobal.com
Advantages: taxation 3. Non-taxable for Capital Gain www.nisglobal.com
Advantages: taxation 4. Loss carry forward www.nisglobal.com
Disadvantages: Singapore www.nisglobal.com
Procedure of doing business www.nisglobal.com
Typical company structure www.nisglobal.com
Typical company structure www.nisglobal.com
Comparison of legal entities www.nisglobal.com
Schedule of incorporation for local company www.nisglobal.com
Compliance after set up www.nisglobal.com
Compliance after set up www.nisglobal.com
Compliance after set up www.nisglobal.com