About us

Hello and welcome to our "About Us" page! Bestar has the mission to help all types of companies with their financial records, by offering thebest tax advice and tax planning services Our Singapore consultants have an extensive experience in the fields of finance and accountancy and can provide customers with a…
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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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GST Registration Singapore

GST Registration Singapore

The Goods and Services Tax is a consumption tax levied on imported goods and on most of the goods and services supplied in Singapore. It is the equivalent of the value-added tax. Foreign businessmen who have opened a company in Singapore should know that they are liable for Goods and Services…
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Taxation of Investment Funds in Singapore

Taxation of Investment Funds in Singapore

Singapore is an attractive location for basing funds in the Asia Pacific Region as well as for fund managers. The ease of doing business in the city-state, along with the favorable taxation of investment funds in Singapore are among the top reasons why the fund management industry has been developing…
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Main Taxation Regulations in Singapore

Main Taxation Regulations in Singapore

Singapore has a low taxation regime that is advantageous for businesses and it is one of the main reasons why the city-state is considered one of the most attractive locations to do business in Asia. The Income Tax Act is the main legislative source for the manner in which taxes…
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Taxation of a Holding Company in Singapore

Taxation of a Holding Company in Singapore

A type of vehicle used for owning shares in other corporations, a holding company’s scope is to own stock in a subsidiary, for the purpose of reducing the investment risks should the said subsidiary become bankrupt. The taxation of a holding company in Singapore is particularly advantageous as this is…
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Singapore – Latvia DTA Amendment Entered into Force

Singapore – Latvia DTA Amendment Entered into Force

The Second Protocol to the Singapore-Latvia double taxation agreement entered into force in August. The changes included in this second protocol target a reduced withholding tax rate as well as other beneficial provisions and aim to encourage economic cooperation between the two countries. Foreign investors from Latvia can find that…
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XBRL Filing in Singapore

XBRL Filing in Singapore

What is XBRL? XBRL is a framework used for organizing and defining financial data. XBRL filing in Singapore became mandatory for companies, as directed by the Accounting and Corporate Regulatory Authority. Our team of accountants in Singapore is able to assist all companies with the reparation of their XBRL financial…
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The Intellectual Property Development Incentive in Singapore

The Intellectual Property Development Incentive in Singapore

The Intellectual Property Development Incentive regime was established in order to encourage investors to explore research and development activities. The regime is based on a concessionary tax rate, a percentage of the intellectual property (IP) income that will be taxed at a preferential rate. The law is still in this…
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