Why Incorporate a Singapore Private Limited Company?
There has never been a better time than now to incorporate a Singapore Company! To encourage local entrepreneurship, Singapore Government has declared a full tax exemption for newly incorporated companies. “Full tax exemption is granted on the first $100,000 of Chargeable Income for qualifying new companies for the first three years of assessment consecutively.” The major reason individuals choose to incorporate their business is to protect their personal assets, such as the home, car or family savings. In the event of a lawsuit or should the business fail, Director’s personal assets cannot be touched. This protective limited liability feature of corporations is not available in a sole proprietorship or partnership, where the individual or partners are personally liable for all business debts. Private Limited Company can raise capital by issuing stock, bonds or other securities. Private Limited Company is the most enduring form of business structure. If a Private Limited Company shareh
