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ID:39765990
大小:135.66 KB
页数:5页
时间:2019-07-11
《Carrying on Business in Singapore》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、CarryingonBusinessInSingapore1.RegistrationRequirements1.1Obligationtoregister:AforeigncompanywithoutanylegalpresenceinSingaporecannotcarryonbusinessunlesstheforeigncompanyregisterssuchbusinessinSingaporeundertheBusinessRegistrationActinSingaporeoracompanyundertheCompaniesAct.1.2WhatisCarr
2、yingonBusiness:ThetermcarryingonbusinessisdefinedinSection366oftheCompaniesActtoinclude“administering,managingorotherwisedealingwithpropertysituatedinSingaporeasanagent,legalpersonal,representative,ortrustee,whetherbyemployeesoragentsorotherwise”.1.2.1Theabovedefinitionisnotexhaustive,andt
3、hereisnocomprehensivesetoffactorsthatwillconclusivelydeterminewhetherornotacompanyiscarryingonbusiness.1.3WhatisNOTCarryingonBusiness:TheCompaniesActsetsoutalistofactivities,thedoingonlyofwhichwillnotcauseaforeigncompanytoberegardedascarryingonbusinessinSingapore.Theseare,iftheforeigncompa
4、ny:(a)isorbecomesapartytoanyactionorsuitoranyadministrativeorarbitrationproceedingoreffectssettlementofanaction,suitorproceedingorofanyclaimordispute;(b)holdsmeetingsofitsdirectorsorshareholdersorcarriesonotheractivitiesconcerningitsinternalaffairs;(c)maintainsanybankaccount;(d)effectsanys
5、alethroughanindependentcontractor;(e)solicitsorprocuresanyorderwhichbecomesabindingcontractonlyifsuchorderisacceptedoutsideinSingapore;(f)createsevidenceofanydebtorcreatesachargeonmovableorimmovableproperty;(g)securesorcollectsanyofitsdebtsorenforcesitsrightsinregardtoanysecuritiesrelating
6、tosuchdebts;(h)conductsanisolatedtransactionthatiscompletedwithinaperiodof31days,butnotbeingoneofanumberofsimilartransactionsrepeatedfromtimetotime;(i)investsanyofitsfundsorholdsanyproperty;(j)establishesasharetransferorshareregistrationofficeinSingapore;or(k)effectsanytransactionthroughit
7、srelatedcorporationlicensedorapprovedunderanywrittenlawbytheMonetaryAuthorityofSingapore,underanarrangementapprovedbyACRA.2.CorporateTaxImplications2.1Singaporedoesnothavecapitalgainstaxandonlyreceiptsofarevenuenaturearetaxable.2.2ChargingSection:Section10ofth
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