Australia has tax treaty too so no risk of double bill but unless you qualify as non resident (which is not that easy, need at least a 3 year contract) you will still pay them the incremental which means you effectively are taxed at the Australian tax rates. Not sure about France but suggest you check it.fievelnewworld wrote:Thank you for your valuable input.
I am French and would certainly prefer to be taxed in Singapore than France.
there is a tax treaty between our countries, so no risk of double bill...
To be tax resident in SG then,
It seems the only way would be to set up either a new company, a rep office or a subsidiary, so i can get a work permit.
As far as Im aware, packages for those are around $5000 + necessity to rent an office space (no home office address accepted) circa $2000/month
that adds up...
Please correct me if i'm wrong
Any tips would be greatly appreciated,
Thank you
He could use his gf as the resident director.Strong Eagle wrote:o a search on "starting business" and/or "letter of consent" to find threads on the subject.
You can have a home address for your business, as your registered address. You can set up a company for a lot less than SGD 5000. You need to find a CPA who will supply you with a resident (nominee) director.
You won't qualify for a Rep Office. From my comments in another thread:fievelnewworld wrote:Thank you for your feedback and apologies for late reply. travelling...
Right.
If I register a Rep Office, I could then get employment pass
I just need to find a way to have the RO registered as my home address.
Questions:
Since the RO cannot pay taxes in SG, as it is not allowed to generate income,
can the Chief of the RO, ie me, be taxed on his income in Singapore?
Any tips for efficient CPAs in Singapore?
Thank you
Here is what I know.
First, the representative office program is administered by a completely separate entity from the ACRA, the government branch that registers and monitors businesses, companies, and partnerships.
Their main website is at http://www.iesingapore.gov.sg/, and you can apply online at https://roms.iesingapore.gov.sg/. Terms and conditions for setting up a RO can be found here: https://roms.iesingapore.gov.sg/tncbusiness.aspx
Once you have your RO registered, your next step is to go to the Ministry of Manpower (MOM) and apply for an employment pass. Documentation requirements can be found here: http://www.mom.gov.sg/foreign-.....uired.aspx
My view is that you will need to apply as an overseas employer but don't hold me to that... I've not set up a RO. http://www.mom.gov.sg/Document....._Form8.pdf
My view is also that you should get hold of a local accounting firm familiar with RO's, for two reasons. First, getting an employment pass from MOM will virtually require a SingPass, a local ID to transact business online. Even if you go the manual route, you'll still want a local address. Second, RO's are relatively few and far between, and you may need a local rep to work with MOM in getting your employment pass. There is absolutely no information that I am aware of that would shed light onto what criteria MOM would use in granting an EP for a RO... I am assuming that it would be rather automatic if IE Singapore approves your RO and you meet the other EP criteria.
As to your other questions: You should not have a problem renting a serviced office... a logical way to go for a RO... but I do not think you can engage in a lease for space without a valid work permit... your right to residency in Singapore.
You will need to supply names of at least one representative in order to register the RO and seek an employment pass. As I noted earlier once your RO has been approved and been given a UEN, your RO then applies for the EP.
I in no way endorse the company at the link below, I have never used them, and I think their rates amount to extortion (you should be able to find a local accountant to do this for half the amount shown). Nevertheless, I offer up their webpage to give you a sense of the steps and documents required. http://www.guidemesingapore.co.....ackage-ro1
a) Register your RO with IE Singapore
b) Apply for an EP with MOM
c) Acquire a serviced office... there are lots in Singapore... from cheap to prime, class A offices... Servcorp, for example... I kept my company there for years.
Hope this helps.
Good catch.PNGMK wrote:He could use his gf as the resident director.Strong Eagle wrote:o a search on "starting business" and/or "letter of consent" to find threads on the subject.
You can have a home address for your business, as your registered address. You can set up a company for a lot less than SGD 5000. You need to find a CPA who will supply you with a resident (nominee) director.
fievelnewworld wrote:Thank you.
However, I still dont get why I wouldnt qualify as tax resident as i would have an EP and getting income for the French company for operating the RO.
+
Still have the French labour law on my side.
The other option is indeed to become a contractor.
easy for the company, but the whole insurance package would have to be covered by me then, and need a solid contract under which law?
if things turn sour in the future, we all need to cover our backs.
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