Tax Efficiency with a Substance in Singapore

Singapore-based Healy Consultants continues to believe that company setup in Singapore is the most tax efficient and preferred option for holding and global trading companies in the World. Furthermore, with the expert assistance of Healy Consultants.
April 21, 2014 - PRLog -- About Singapore’s excellent tax regime

Singapore City, Singapore – Singapore’s tax burden is low and transparent, offering multiple exemption schemes and grants for start-up companies. New businesses enjoy full exemption of corporate income tax on the first US$80,000 and 50% tax exemption on the next US$160,000, resulting in an effective tax rate of a mere 4% for the first three years. Proving its commitment to attract international investors, the Singaporean Government implemented in 2013 even more tax exemptions, further lowering tax burden to just 6% on the first US$240,000 of profit after the aforementioned three year period. Full tax exemption on resident companies is imposed for capital gains, dividends, rentals and technical assistances. Singapore boasts 74 double taxation treaties, which legally minimize withholding taxes on payments made to non-residents. Furthermore, resident companies with profits from offshore sources are not subject to corporate taxation. Same rule applies to limited liability partnerships (LLP’s), whose partners reside outside Singapore. Personal taxation is progressive in nature and ranges between 2% and 20%, depending on annual income. Healy Consultants offers its expertise and ability to legally optimize the Client’s accounting and reporting needs (

About Singapore’s regional advantages

Companies incorporated in Singapore (, benefit not only from the favorable taxation and great incentives, but also from the convenient location, economic and political stability and its status of financial and entrepreneurial hub.

The second busiest port and the one of the busiest airports in the world offer superb infrastructure and quick gateway to many preferred business locations, including Hong Kong, China, Taiwan and Malaysia. With its strategic location, many renowned international companies and luxurious brands operate in the state. Furthermore, Singapore is the most innovative city in Asia, according to the Corporate Advisory firm, Solidiance, largely due to its highly skilled workforce, flexible regulations and passion for technology. All major banks, insurance companies, management companies and other financial providers operate in a liberal regulatory framework, securing top spots for Singapore in the ease of doing business and getting credit, according to the World Bank’s Ease of Doing Business report, for 2014.

Healy Consultants knows the formula of success in Singapore and remains reliable partner to international business for more than a decade. Decade filled with professional guidance, expert solutions and rewarding accomplishment.

About Healy Consultants

Healy Consultants provide a full range of professional services, which include the following:

·         Offshore financial services

·         Accounting and taxation

·         Corporate finance

·         Business start up services

·         Corporate banking

·         Global marketing services

·         Company formation

·         International trading strategies

Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.

Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.

For further information:

Mr. Aidan Healy, Business Owner, Healy Consultants

15-01 Valley Point,
491B River Valley Road,
Singapore, 248373

Tel: (+65) 6735 0120
Source:Healy Consultants
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Tags:Company setup in Singapore, Singapore Tax Exemption, Register company in Singapore, Singapore legal tax support, Singapore LLC incorporation
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