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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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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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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Taxation of Branches in Singapore

Taxation of Branches in Singapore

Branches in Singapore are considered non-residents for tax purposes and they are not treated as a separate legal entity from the parent company abroad. The taxation of branches in Singapore is performed according to the local corporate income tax laws. One of our accountants in Singapore can give you complete…
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Avoid Tax Penalties in Singapore

Avoid Tax Penalties in Singapore

Business owners can avoid tax penalties in Singapore by observing the legal provisions of the Singapore Income Tax Act. The main requirements for filing and submitting tax returns are described in this document. Tax penalties in Singapore can be avoided by observing the local rules, regulations and good practices but…
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Financial Statement Preparation in Singapore

Financial Statement Preparation in Singapore

Company owners in Singapore are required to observe the ongoing provisions of the Financial Reporting Standards, according to their type of legal entity. These accounting standards are set by the Accounting Standards Council in Singapore. Financial statement preparation in Singapore takes place as per these rules and regulations. Our accounting…
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Taxation of an LLC in Singapore

Taxation of an LLC in Singapore

The limited liability company (LLC) is one of the preferred forms of doing business in Singapore. It offers many advantages, from a convenient degree of liability for founders to certain tax exemptions or incentives, depending on the type of business. The taxation of an LLC in Singapore is convenient, mainly…
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Singapore – Malaysia Double Tax Treaty

Singapore – Malaysia Double Tax Treaty

Singapore and Malaysia have concluded a double tax treaty, an agreement that allows for the avoidance of double taxation and at the same time, it serves as an instrument for preventing fiscal evasion. The treaty was entered into force in 2006 and it is one of the double tax treaties…
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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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