Does anyone know of any good accounting firms in Singapore?
My wife and I will be relocating to Singapore in September. She has accepted a job there and I will be joining her on a dependent visa. I currently own an internet marketing business incorporated in the UK. At this stage I there seem to be several options as to how to deal with my business. As far as I know I can do the following 3 options:
1) Leave the business in the UK, pay UK tax and then utilize the double tax treaty when I bring money in to Singapore. For this I think I would be required to obtain a letter of consent.
2) Form a Singapore business and apply for an EP.
3) Form a new company in a jurisdiction where they have a tax rate of 15%, get a letter of consent.
Option 1 is probably the easiest way to proceed, but then we would be paying significantly higher taxes and it wouldn’t help me prove that I emigrated and thus severed all ties with UK.
The other factors I would need advice on would be things like; does Singapore and US have a double tax treaty? As most of our business comes from US, I don’t want to be subjected to tax withholding.
I have come across guidemesingapore.com, as they are advertised here and on Google. Does anyone have any experience with them? I notice that they offer incorporation and EP application services, so I want to make sure they are not just bias towards option 2 above.
Any insight anyone could offer on this situation would be greatly appreciated, as well as suggestions on good accounting firms would be greatly appreciated!