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Singapore
NEWS in association with Asiaciti Trust
  Panama, Singapore complete DTA talks on 01/09/2010
  Singaporeans invest in fine wines on 01/09/2010
  Mercantile Exchange breaks new ground for Asia on 31/08/2010
  Panama to sign five Tax Agreements by October on 18/08/2010
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FACT FILE
Location South East Asia.
Time Zone Greenwich Mean Time + 8.
Population 4,500,000 million.
Capital Singapore.
Airport Changi International Airport.
Language English, Malay, Mandarin and Tamil.
Currency Singapore dollars.
Dialing Code +65.
Centre's Expertise Financial services, international banking, international holding companies, captive insurance, fund management, trustee services.
Political System Democracy.
Legal System Based on English common Law.
Personal Income Tax 0–20%.
Corporate Income Tax 17%.
Exchange Restrictions No.
Tax Treaties Australia, Austria, Bahrain, Belgium, Denmark, Mexico, Netherlands, Norway, Qatar, United Kingdom. DTAs: Australia, Austria, Bahrain, Bangladesh, Belgium, Brunei, Darussalam, Bulgaria, Canada, China, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Fiji, Finland, France, Germany, Hungary, India, Indonesia, Israel, Italy, Japan, Kazakhstan, Republic of Korea, Kuwait, Latvia, Lithuania, Luxembourg,
Permitted Currencies All currencies.
Minimum Authorised Capital No authorised capital.
Minimum Share Issues One share of no par value.
Shelf Companies No – but companies can be incorporated within one day.
Incorporation Time Scale One day turnaround.
Incorporation Fees $300 Singapore dollars.
Annual Fees No fixed annual fee – nominal fees (S$20) for filing of various returns.
Minimum Number One.
Residency Requirements At least one director.
Corporate Directors Not permitted.
Meetings/Frequency None, unless required by the company.
Disclosure Yes.
Bearer Shares Not permitted.
Minimum Number One.
Public Share Registry Yes.
Meetings Frequency Annual.
Annual Return Yes.
Audit Requirements Yes, unless the company qualifies for audit exemption.
Registered Office Singapore.
Domicile Issues Re-domiciliation is not permitted.
Company Naming Restrictions Names of sensitive nature or similar to statutory boards or government departments are not permitted. Names indicating activities related to banking, trust and certain activities require licencing or prior approval of certain statutory boards.
ARTICLES
Life Insurance Solutions: Risk Reducing Strategies in the Aftermath of the 2008-2009 ‘Crisis’.
  Odd Haavik of Charles Monat Associates examines risk and its influence on estate planning. (04/07/2010)
Asian Regulation in the Year of the Tiger: Pussy-Cat or Man-Eater?
  Alan Ewins considers how various jurisdictions within Asia have fared in the credit crunch, diagnosing a struggle “between the creation of internationally coherent markets and, in some places more than others, the protection of the home patch.” (02/03/2010)
Trust Planning in Asia
  Mary Ellen Hutton and Philip Munro delineate why they believe trust planning will become an increasingly important tool for wealth protection as Asian jurisdictions continue their ascent up the ranks of international finance centres. (02/03/2010)
Singapore: Leading the Way to Recovery
  Angela Nicolson on the tax incentives and financial vehicles that are keeping Singapore at the front of the pack internationally. (27/02/2010)
Singapore Limited Partnership's
  Angela Nicolson sifts through the finer details of Singapore's Limited Partnerships. (02/10/2009)
Singapore: A leading private wealth planning jurisdiction
  Angela Nicolson takes a look at the newly introduced Family-owned Incentive Holding Company. (01/06/2009)
Singapore: Recent legislative changes affecting the private wealth planning industry
  Angela Nicolson charts the rise and progression of Asia's "Switzerland". (15/01/2008)
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SECTOR OVERVIEWS in association with Asiaciti Trust
  TAXATION SYSTEM
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  INTERNATIONAL HOLDING COMPANIES
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  NON - RESIDENT COMPANIES
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