Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th...
description
Transcript of Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th...
![Page 1: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/1.jpg)
Doing business in Singapore
Lucas Kazumasa NakaseManager-SCS Global SingaporeTuesday 17th September 2013
![Page 2: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/2.jpg)
2
Lucas Kazumasa NakaseManager- SCS Global SingaporeNIS 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: [email protected]
www.nisglobal.com
![Page 3: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/3.jpg)
3
• Local business environment• What are the advantages of Singapore1. Overview of the advantages
2. Advantage of the Infrastructure
3. Advantage of Taxation
4. Disadvantage of Singapore
• Procedure of doing business1. Typical company structure
2. Comparison of Legal Entities
3. Schedule of incorporation for Local company
4. Compliance after set up
Index
www.nisglobal.com
![Page 4: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/4.jpg)
4
1. Local business environment
www.nisglobal.com
![Page 5: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/5.jpg)
5
Local business environment
www.nisglobal.com
Map of Asian countries
![Page 6: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/6.jpg)
www.nisglobal.com
6
Local business environmentSummary of Republic of Singapore
![Page 7: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/7.jpg)
7
What are the advantages of Singapore?
www.nisglobal.com
![Page 8: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/8.jpg)
8
Overview: Advantages
www.nisglobal.com
![Page 9: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/9.jpg)
9
Advantages: infrastructure
www.nisglobal.com
![Page 10: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/10.jpg)
10
www.nisglobal.com
Advantages: infrastructure
![Page 11: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/11.jpg)
11
Advantages: less regulations
www.nisglobal.com
![Page 12: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/12.jpg)
12
Advantages: infrastructure
www.nisglobal.com
![Page 13: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/13.jpg)
13
Advantages: infrastructure
www.nisglobal.com
![Page 14: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/14.jpg)
14
Advantages: taxation
www.nisglobal.com
![Page 15: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/15.jpg)
15
Advantages: taxation
www.nisglobal.com
1.Low Tax Rate
![Page 16: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/16.jpg)
16
Advantages: taxation
www.nisglobal.com
2. DTA, IGA, FTA
![Page 17: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/17.jpg)
17
Advantages: taxation
www.nisglobal.com
3. Non-taxable for Capital Gain
![Page 18: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/18.jpg)
18
Advantages: taxation
www.nisglobal.com
4. Loss carry forward
![Page 19: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/19.jpg)
19
Disadvantages: Singapore
www.nisglobal.com
![Page 20: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/20.jpg)
20
Procedure of doing business
www.nisglobal.com
![Page 21: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/21.jpg)
21
Typical company structure
www.nisglobal.com
![Page 22: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/22.jpg)
22
Typical company structure
www.nisglobal.com
![Page 23: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/23.jpg)
23
Comparison of legal entities
www.nisglobal.com
![Page 24: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/24.jpg)
24
Schedule of incorporation for local company
www.nisglobal.com
![Page 25: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/25.jpg)
25
Compliance after set up
www.nisglobal.com
![Page 26: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/26.jpg)
26
Compliance after set up
www.nisglobal.com
![Page 27: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/27.jpg)
27
Compliance after set up
www.nisglobal.com
![Page 28: Doing business in Singapore Lucas K azumasa N akase Manager-SCS G lobal S ingapore Tuesday 17 th S eptember 2013](https://reader036.fdocuments.net/reader036/viewer/2022062521/56816897550346895ddf2450/html5/thumbnails/28.jpg)
28
www.nisglobal.com