Singapore Company Formation Services That Work With Paypal, Ebay, And Amazon
Singapore is a first world, imminently modern place that, in my opinion, makes sense no matter what. Singapore is already the #1 financial destination in the world. It is the investment epicenter for Asia… the crossroads of trade, public markets, and renminbi settlement. It’s an easy gateway to obtain both residency and a bank account. How are you worse off for being able to hold savings in the strongest banking jurisdiction in the world? How are you worse off for putting yourself in line for the best passport on the planet? How are you worse off for having a business in Asia’s financial capital?
You are in the right place if you live in Singapore and need a PayPal Singapore contact for running an online business from Singapore and if you need to form a Singapore company that can use PayPal attached to the company Singaporean bank account. Why? Singapore is a low-tax jurisdiction; the maximum corporate tax rate is 17%, though with all the incentives they have right now, you could earn a million dollar annual profit and pay less than 12%. It’s low, but it’s greater than zero… so you’ll always be able to point to your annual tax bill as evidence that you’re not trying to dodge taxes.
But if you are from Singapore or you live in a different country and you want the best global Internet company for selling products and services, and you want to use PayPal as your main payment processor, then you need to locate a country jurisdiction in which to form your company so that you can use PayPal freely and one where you can have everything set up remotely and not have to travel there.
Singapore is not black listed by the European authorities but company formation and maintenance is very expensive. Therefore, we recommend in our special Offshore PayPal Company package a little known gem of a jurisdiction that will allow you to set up an Internet company without traveling there to open up a bank account, and it will allow you to accept Payments from your clients through PayPal. It is also very inexpensive to set up and maintain also.
Now, getting back to our discussion about Singapore.....
Singapore does not have a comprehensive tax treaty signed with various countries, so you’ll want to be careful to follow the rules. They do, however, have a comprehensive tax treaty signed with Canada. Singapore is a great place to start an online business for those who reside in Singapore. Company registries are public in Singapore, so there’s a lot of transparency built in. It doesn’t look like you’re trying to hide anything. And the country has an excellent reputation, so the suspicion factor is quite low. Last, annual reports are required to be filed. The tax authorities in Singapore are quite business-friendly… and they’re actually fair and reasonable people. We know that from someone who has dealt with them extensively.
Here is an actual testimony from someone who knows about the business friendly rules and climate that Singapore provides. Jim Cockrum the creator of one of the best how to succeed at Amazon courses in the world ( < click on orange lettering ), says that there are unique advantages to doing business from Singapore. Everything he says applies to an Ebay business also and there is training in his course on Ebay also and not just Amazon. He enumerates those business climate advantages in Singapore as follows.
Jim Cockrum states:
"To start with, Singapore has a very business friendly environment. That's a huge advantage. Because our Proven Amazon Course is international, we see students from nearly every free nation on earth. Those from Singapore in particular are doing seemingly better per-capita as a group when compared to other countries we support. I can't say I know exactly why, but there is such a friendly international business environment there - you have advantages others just don't have.
There is a very active support group for PAC students run by one of our coaches in Singapore as well and many in that group are doing very well. Our Facebook group has over 17,000 students, and thousands of us have "stuck a pin" in our virtual global map - many of whom indicate that they are from Singapore and running Amazon/online businesses from there."
Are those people who are working from Singapore, able to sell to people all over the world and is that why they are doing so well, or do you think they are doing so well because they are able to sell to Singaporeans who are living in a free environment for business? Important for you to expand your answer on this Jim. Thank you
Answer from Jim Cockrum: "Singapore is a very business friendly environment, but our successful students there (and all over the world) are typically finding creative ways to break into the US Amazon market - that's where the bulk of buying customers are.
The advantages in Singapore at that you are in the heart of a region with so many brands that are hoping to get onto Amazon. Our ProvenProductPartnering.com course (included in the Proven Amazon Course - words added by me) for example teaches you how to help brands get onto Amazon without buying the inventory yourself - you just get paid a cut. Singapore is a hotbed for that type of business model."
Regarding your second paragraph: Could someone living outside of Singapore access these brands? Why would it be someone living inside Singapore who has an advantage to accessing the brands inside Singapore? Can you clarify because I think that people outside of Singapore could access these brands for Amazon selling just as someone living in Singapore could? Yes? No? More expansion on your answer needed Jim. Thanks for your time and knowledge sir.
Jim says: "The Singapore Govt is giving away $20K grants right now to companies looking to expand online. My partner who lives in Singapore got in his car the other day, presented this fact to a local manufacturer, and signed a large contract with them that will:
1) get them onto Amazon for the first time ever
2) get them the Singapore $20K grant
3) earn us an enthusiastic longterm client who is willing to give us a niche chunk of the $20K upfront. I could NOT have done any of that from the U.S. nearly as easily......"
So if you are Singaporean you can incorporate a company in Singapore and then operating your online business from there. You can enjoy the benefits of collecting payments from your Paypal account that is attached to a particular business bank account in Singapore that we reveal to you in our Singapore incorporation package. You can enjoy the benefits of operating your Ebay or Amazon business from business friendly Singapore also.
There are numerous incorporation and corporate service providers in Singapore each with their own specialty. The firm I introduce to you in my Best Singapore International Company Pkg. ( < click on orange lettering ) is also highly competitive in the services they offer and they are also easily affordable. Additionally, the long list of satisfied clients and the vivid knowledge this firm has on every aspect of both pre and post Singapore company incorporation services surely makes them a bit different from the rest of the providers in Singapore that mass produce cookie cutter companies for the unsuspecting.
Singapore international company formation packages start from a mind blowing: $699*.
Singapore International Company Incorporation Package Details:
a. Checking of company name availability and reservation of desired name
b. Preparation of Singapore incorporation documents such as M&A, Form 45, Form 45B etc.
c. Registration with ACRA by payment of ACRA fees
d. Electronic Certificate of Incorporation
e. Company profile/extract from ACRA with UEN Number
f. Minutes of first board meeting
g. Share certificate(s)
h. Common seal
i. Preparation of company kit
j. Bank account opening assistance (FREE for anyone bank in Singapore)
(2) For Company Secretary (if required)- S$499 per year basis (With 40% discount for first year)
Include the following :
a. Provide a named company secretary to your company for one year
b. Updating and maintaining of the following statutory books and registers as required by the Singapore Companies Act (Cap 50):
· Register of Applications and allotments;
· Register of Members;
· Register of Transfers;
· Register of Directors, Mangers, Secretaries and Auditors;
· Register of Directors’ Shareholdings;
· Register of Mortgages or Charges;
· Register of Debentures; and
· Minute Book of the proceedings of General and Board Meetings.
c. Send reminder e-mail to you for due dates for AGM , annual return and tax filling
d. Safe custody of common seal of the company
e. Free consultation on any change in company structure
f. Prepare minute representation letter to auditor
g. AGM and annual return filling to ACRA (Excluding ACRA Filing Fees)
We could offer you a combo package of SGD $999
(3) For use of Registered Office (if required):-S$390per year basis
(comprise opening of all mails and scan and send to you through e-mail once in a week )
For incorporation, you need to provide the following:-
(1) Proposed name of company (please give us two or three option so that we will check the availability of name)
(2) Fill up following details in attached run book (please refer first attachment )
(3) Provide us the following:
a. Clear and colored copy of NRIC of all local directors and shareholders)
b. Clear and colored copy of passport of all foreign directors and shareholders (if any)
c. Clear and colored copy of proof of residence of all foreign directors and shareholders (if any )such as utility bills, bank statement etc (not later than 3 months old)
d. If any corporate shareholder involve, please provide us:-
--Certificate of incorporation
--Memorandum and Articles of Association/Constitution
--Extract of the company’s details from the Registrar of Companies – Business Profile
--A board resolution by the parent company approving the incorporation of the Singapore company and the shareholding
* This company package is without the needed Singaporean registered agent but we have another provider for you that will supply that if you purchase a formation package through them. So we give you a couple of proven and tested company formation providers in Singapore for your global asset protection online business needs.
Upon receipt of above details, our formation provider will check the name available for incorporation and reserve the name by paying application fees and will send you their formal invoice. Upon receipt of their fees FULL in advance, they will prepare incorporation documents such as M&A, Form no 45, Form no. 45b and their agreement (if any) and send to you for your signature to proceed. They could promise to incorporate company on the SAME DAY on which they receive the ORIGINAL signed documents.
We would like to inform you that our company providers could provide various kinds of services other than incorporation of company such as Resident Director, Accounting, Preparation of directors’ report, Taxation, Auditing, GST, Payroll, XBRL, Website designing, IT software development and maintenance.
We look forward to providing our services to you. < Click on orange lettering to get package.
U.S. Citizens and residents click here for a special package designed specially for you.
Warning: We do not provide these services and this information package on the Singapore company to people who are citizens of the U.S.A. or who reside in the United States of America. We are sorry for these restrictions. You can find help in your own country with providers there who will help you with global wealth protection strategies.