For multinational corporations (MNCs) looking to establish a base within the Asia-Pacific region, Singapore offers a multitude of salient reasons that are designed to help your corporation achieve success. Find out more on how BoardRoom can help you manage a smooth transition on setting up of your business in Asia.
Why Should Multinational Corporations Incorporate In Singapore?
Singapore is strategically located within Asia-Pacific – it is a thriving economy fueled by a stable political environment, skilled workforce and world-class infrastructure. The sunny island nation continues to establish itself as one of the best places for Multinational Corporations (MNCs) to establish a thriving base within the Asia-pacific region.
INCENTIVES FOR HEADQUARTERS
Singapore Economic Development Board offers Regional Headquarters and International Headquarters incentives.
- RHQ Incentives
- Concessionary Singapore tax rate of 15% for up to five years for qualifying income arising from activities and operations carried out within the country
- RHQ using Singapore as an international intellectual property holding location may claim writing-down allowance (WDA) for the cost of acquisition of IP.
- IHQ Incentives
- Concessionary Singapore tax rate of 0% to 10% for up to five years for qualifying income arising from activities and operations carried out within the country.
ATTRACTIVE TAX SYSTEM
- Progressive tax system
- Corporate and personal tax rates start at 0% and do not exceed 20%
- Businesses that opt for Singapore company formation are entitled to a 400% tax deduction or option for a 60% cash pay out each year
NETWORK OF TRADE AGREEMENTS
- Over 20 FTAs with 27 economies
- Avoidance of double taxation agreements (71 DTAs)
GLOBAL TRADER PROGRAMME
- Opportunity for high-growth medium-sized international trading companies
- Five-year renewable GTP scheme after the initial three-year pear period
FOREIGN TAX CREDIT POOLING
- Pooling of FTC on foreign income received
- Flexibility for resident taxpayers in FTC claims, thereby reducing their Singapore tax payable on the remitted foreign income.
Multinational Corporations Service Needs
- Employee Care
- Shareholder Support
BoardRoom works closely with businesses to help them through every phase of incorporation to ensure that business owners are equipped with all the knowledge they need. Just as BoardRoom is dedicated to your business success, we dedicate experts to business owners and ensure clear communications and single-point contact. Our services are backed with over 50 years of experience that translates to a smooth incorporation process.Learn More
Our efficient team of experts who are located across five regions will keep your business in complete compliance with the local statutory obligations. With over 50 years of experience, we understand the regional compliance landscape like the back of our hand. Our process, that has weathered decades of trails and tests, ensures that accuracy is a staple in our delivery.Learn More
Our automated payroll and HR software are quick, simple, and convenient to help you achieve efficient and prompt disbursement of statutory contributions. Our qualified experts located across five regions will keep your payroll in complete compliance with the local statutory obligations. Our winning payroll solutions are powered by Ignite, our All-in-one Cloud-based HRMS platform. Ignite has 5 core modules (Leave, Claims, Time & Attendance, Personnel & Payroll) that will definitely meet all your HR needs.Learn More
Our regional and global work has led us to build an international network of 19 partners that help us fufil your expansion project. Our team of experts will be with you every step of the way to provide insightful growth advice 24/7. Our experts make expansion quick, simple, and convenient with immediate processing and hasty implementation to establish your business locally or globally.Learn More
BoardRoom takes care of every aspect of your Employee Care — Implementation, Administration, and Engagement. We cover all facets of employee care, which includes pay, incentive, share plan, and more. Our award-winning and intuitive software, Employee Serve and Client Online, is designed to provide secure and hassle-free access to plan holdings, employee forms, and corporate information.Learn More
Our years of organising shareholder events, such as AGMs, allow us to deliver consistent and swift proceedings that are private and discreet. Our highly customisable poll-voting platform and flexible system can effortlessly adapt to meet the agendas of companies to deliver tailored results. Our track record is backed by 50% of companies listed on SGX-ST through our years of dedication to meet shareholder’sLearn More