Accounting for Shipping Companies in Singapore

Accounting for Shipping Companies in Singapore

Singapore is one of the most important trading hubs in Southeast Asia, with thousands of ships entering and leaving its port every year. This is one of the main reasons to set up a shipping company in the city-state. Apart from this, shipping companies also benefit from special tax regulations…
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Contact

Get in touch with our accountants in Singapore! You can contact us by phone, e-mail or by filling out our contact form: Mobile: +65 97236684 E-mail: clients(at)opencompanysingapore.com *Please replace (at) with @  –  we do this to avoid spam. Address: 23 New Industrial Road, #04-08 Solstice Business Center, Singapore 536209 Contact our experienced consultants…
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Singapore Accounting

Accounting Firm in  Singapore - Auditors & Accountants Foreign investors interested in setting up a business in Singapore should know that it is highly recommended to receive the assistance of an accounting firm, especially if your company is a medium or large one with international operations and many employees. If…
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Tax Incentives in Singapore

Tax Incentives in Singapore

The tax system in the city-state is administered and regulated by the Inland Revenue Authority of Singapore (IRAS). Singapore is one of the countries which attract most foreign investors because it permanently reduces corporate income tax rates and offers different tax incentives, as well as numerous double tax agreements which…
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Singapore – China Double Tax Treaty

Singapore – China Double Tax Treaty

An agreement for the avoidance of double taxation is in place between Singapore and China. The initial treaty was signed between the two jurisdictions in 1986. The current version of this agreement was concluded in 2007 and was subject to a number of protocols that were signed afterward. The main…
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General Consulting Services in Singapore

General Consulting Services in Singapore

Asia is a fast growing market and one that offers plenty of business opportunities to foreign investors. Entrepreneurs who open a company in Singapore can rely on the advice and counseling provided by experts. Our accounting firm in Singapore offers targeted corporate tax services but also consulting services in Singapore…
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Trust Services in Singapore

Trust Services in Singapore

Trust services in Singapore are employed by individuals or companies that need to transfer rights, properties, rights instruments or combinations thereof to another party that will act as a trustee. The aim of this transfer is to handle the needs of the beneficiaries.   In Singapore, both individuals and companies…
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Corporate Tax Compliance in Singapore

Corporate Tax Compliance in Singapore

Companies incorporated in Singapore need to comply with the applicable taxation regime. Many foreign investors choose the country because of its favorable business environment and competitive taxation regime.    Several tax exemptions and incentives are available, depending on whether or not the company is a start-up or if it is a…
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Workfare Scheme in Singapore

Workfare Scheme in Singapore

Unlike many other states, there is no minimum wage in Singapore. Instead, the wages are negotiated with the employing company. However, the country opted for a workfare scheme. An accountant in Singapore can provide further details on how this scheme is applied in the city-state. Table of ContentsWhat is the…
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The Annual Financial Statements in Singapore

The Annual Financial Statements in Singapore

The financial statements in a business represent an important aspect of accounting in Singapore, being official documents in which all the financial activities of the company are depicted in simple terms. Each businessmust file in its annual financial statements in Singapore. Foreign companies and their local branches in Singapore are required to…
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