joemeow - You have made sixteen mindless, pointless, and fact free and/or incorrect posts since joining less than 24 hours ago.joemeow wrote:You need high investment (thousands of dollars) for this purpose
No, a branch is not the best way to go. It's more complicated to setup and you don't get certain benefits of a local pte ltd. A branch, BTW, means that you are incorporated under the articles of association of the home country and no stock is issued locally. A pte ltd, with $1 of shares, all owned by the parent company, is the simpler solution. You can name your Singapore pte ltd whatever you want.mimeso wrote:Sub/Branch - probably the branch is the better solution. Or better go for something really independent, probably not using the brands name, to be flexible in near future? And which version is less "paper work" to do (bookkeeping, reports etc)?
You have all the normal administrative and overhead costs... rent, utilities, postage, secretarial fees, professional subscriptions, travel... HQ may re-imburse but your Singapore pte ltd should pay.Btw I did not find anything about running costs besides taxes; are there any?
Income tax of salary (director = me), secretary (about 100$), company bank account (besides my private),..??
Corporate tax will be 0$ the first year I guess; other running costs?
Rental, power etc will be paid by my salary, and sometimes there will be costs for travelling etc which HQ will pay.
Is there anything else?
You must work on a local contract, employed by the Singaporean company, in order to get an EP.mimeso wrote:Edit: can I work there on a local contract for the pte ltd?
Austrian tax needs to be paid if the contract continues like now...
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