Singapore Expats Forum

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by JonaBoss
Fri, 14 Oct 2016 12:03 pm
Forum: Business in Singapore
Topic: Incorporation of company in Singapore and opening business bank account
Replies: 16
Views: 10292

Re: Incorporation of company in Singapore and opening business bank account

Thanks for the feedback. Very helpful :-) As promised, here is the feedback of the agency. 1) Our company does provide local nominee director service. Our fee charge is as follows :- xxx Generally, clients will engage my nominee service for 3 months while at the meantime we apply EP for the director...
by JonaBoss
Thu, 13 Oct 2016 11:34 pm
Forum: Business in Singapore
Topic: Incorporation of company in Singapore and opening business bank account
Replies: 16
Views: 10292

Re: Incorporation of company in Singapore and opening business bank account

The people telling you that you can limit the powers of a director are full of crap. Think about it. A director is the leader of the company by statute. Take away her powers, then have the company commit a financial crime. Who is responsible? Nobody? Wrong! The director is responsible and that cann...
by JonaBoss
Thu, 13 Oct 2016 5:14 pm
Forum: Business in Singapore
Topic: Incorporation of company in Singapore and opening business bank account
Replies: 16
Views: 10292

Re: Incorporation of company in Singapore and opening business bank account

Not married to an Indonesian. Not planning to either ;-) I know about the 183 rule, but have a solution to that.

Thanks for the OCRA link. Will definitely check it out. Will also look into the NZ & AUS options.
by JonaBoss
Thu, 13 Oct 2016 4:05 pm
Forum: Business in Singapore
Topic: Incorporation of company in Singapore and opening business bank account
Replies: 16
Views: 10292

Re: Incorporation of company in Singapore and opening business bank account

Thanks a million for the replies. For the record, I am a Belgian citizen with official residence still in Belgium. I plan on keeping it this way (in the short run at least). The reason for setting up a company in Singapore is threefold: 1) Tax reasons - corporate tax in Singapore is 17%, in Belgium ...
by JonaBoss
Thu, 13 Oct 2016 2:17 pm
Forum: Business in Singapore
Topic: Incorporation of company in Singapore and opening business bank account
Replies: 16
Views: 10292

Incorporation of company in Singapore and opening business bank account

Hi, I have recently moved to Indonesia and am currently trying to set up a business in Singapore with a business bank account. I have spoken to a consultant who basically told me that they can help me set up the business, although I would need one local director/shareholder. They would also be able ...

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