We cover the full range of your needs, from registering a company to obtaining licenses and opening bank accounts.
Low income tax rate
Stable banking system
High level of legal protection
High standard of living and developed infrastructure
Who are we?
LFT Advisors provides international business planning and structuring services. Our team of lawyers, accountants, auditors and tax consultants helps entrepreneurs effectively manage international projects, providing a high level of service and expert support at every stage.
What do we offer?
We offer in one place all the services a business needs. We work on a one-stop-shop basis, which means you don’t need to be distracted by multiple contractors and incur additional costs. We cover the full range of your needs, from incorporating a company to obtaining licenses and opening bank accounts.
Why come to us?
Every step we take and every action we take is done with respect and care for your money, reputation and ambitions. We don’t have one-size-fits-all solutions – we create personalized tools focused on the specific challenges and needs of your business.
Collaboration process
- Initial consultation:
at this stage we discuss your business goals and needs to determine what services are required. - Strategy development:
we analyze your current situation and develop an individual action plan focused on achieving your goals. - Implementation:
we take care of all aspects of the process – from company registration to opening bank accounts, licensing and taxation. - Support and follow-up:
after a successful launch, we continue to work with you, providing ongoing support, updates and advice as needed. - Performance evaluation:
regularly assess your progress and adjust your strategy as necessary to maximize efficiency and achieve your business goals.
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Features and advantages
of doing business in Singapore
Simplicity of company registration and management:
- The registration process is extremely simple and transparent. This allows entrepreneurs to start operations quickly without facing bureaucratic complexities.
- High level of legal protection and stable political situation create favorable conditions for long-term planning and business.
Favorable tax system:
- Singapore’s corporate tax is only 17%, which is lower than many other countries.
- Tax exemption on the first $100,000 SGD of profits for the first three years for new companies.
- No tax on dividends and capital investment. This allows business owners to freely dispose of profits without incurring additional tax losses.
- The jurisdiction has an extensive network of double taxation agreements with over 80 countries, which helps minimize tax liabilities.
A global financial and trade center:
- The country is located at the crossroads of key trade routes and is one of the largest ports in the world, making it an ideal platform for international trade and exports.
- Singapore’s banking system is considered one of the most stable and reliable in the world. All major international banks are represented here, providing access to a wide range of financial services.
Government support and incentives:
- The government actively supports small and medium-sized businesses through various funding programs, grants and tax incentives.
- State programs are also aimed at supporting innovation and technological development, which makes this territory attractive for startups and the IT sphere.
High standard of living and developed infrastructure:
- Offers a high quality of life, including excellent medical and educational systems, making it attractive for attracting and retaining talent.
- Developed infrastructure, including modern office space, convenient transportation and high-speed internet, facilitates efficient business operations.
Why is it beneficial for businesses to operate here?
- These factors make Singapore not only an attractive place to set up a company, but also an excellent choice for those seeking to minimize tax costs, secure business and access international markets.
- Tax incentives, strategic location and government support create a unique environment for doing business here.
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Registering a foreign company
This is a step that attracts many entrepreneurs around the world due to its favorable business environment and stable economy. Singapore is known as one of the best business centers in the world, providing ample opportunities for foreign investors looking to expand their horizons.
Setting up a business in Singapore by a foreigner
It is possible and the registration process is simple and transparent. Foreigners can incorporate a company without being a resident of the country. There are a few key steps that need to be followed to successfully register a business.
Advantages for foreign companies
Businesses have access to many advantages such as low tax rates, no taxes on dividends, favorable international business environment and access to a wide market.
Redomiciliation to Singapore
Redomiciliation is the process of moving an existing business from one jurisdiction to another. It may be an attractive solution for a business that plans to take advantage of all the benefits Singapore has to offer.
Registration process
- Name Selection.
Must be unique and comply with Accounting and Corporate Regulatory Authority (ACRA) standards. - Appointment of a director.
Each company must have at least one resident director. This can be a Singapore citizen, permanent resident or a person with a work permit in the country. - Legal address.
The company must have a physical address in Singapore where the registered office will be located. - Registration.
The registration process involves submitting the required documents to ACRA and paying the registration fee. It is important to note that the company’s registration number will be assigned upon successful completion of the procedure. - Opening a bank account.
After registration, it will be necessary to open a bank account in one of the country’s banks in order to start financial operations.
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