Labuan is a tax haven. The region of Malaysia has a maximum of 3% corporate income tax rate and welcomes investors from all around the world to set up a company. Almost No Taxes The corporate tax rate for investment activities is 0% while you need to pay 3% on audited net profits if your company partakes in trading. Alternatively, trading firms can also pay RM 20,000 fixed tax. There are no indirect taxes like service tax, sales tax, GST, VAT, and Custom Dury. If you are planning to set…
Category: BUSINESS
Who Can Apply for a PR in Singapore?
You have to fit among one of these categories to be able to apply for a PR in Singapore: Spouse of a Singapore citizen or a Permanent Resident. Unmarried child below 21 years legally adopted by a Singapore citizen or a Permanent Resident. Parent of a Singapore Citizen Employment Pass or S Pass Holder Student Studying in Singapore Foreign Investor in Singapore In summary, the PR can be applied by anyone that has been residing in Singapore for around a year. However, the acceptance is objective rather than subjective- meaning…
Tips for Finding a Business for Sale in Singapore
Finding a business to buy is a struggle no matter where you are located. It is especially because of the various requisites- you want a company in your niche, at the desired price, and at the same time, a firm that has been doing financially well. All this could be overwhelming without the right assistance. Here are some tips that will be extremely helpful to you: Business Agents Networking with business agents and brokers is absolutely necessary to find a business for sale in Singapore. You see, brokers and agents…
The Small Business Checklist: How to Sell Your Business
Selling a business is an important affair but could be overwhelming for owners. After all, finding buyers isn’t very easy. Again, you can’t make a big noise- while promoting, you can’t let your present customers, suppliers, and other networks know that you are selling your company. Here are some tips that will help you sell your business; without losing customers and the brand identity during the process: Hire a Business Advisor/ Agent This has several benefits. For starters, business agents and advisors have a big network of buyers. Additionally, some…