Singapore is renowned as one of the world’s most business-friendly countries, offering a robust legal framework, political stability, and an efficient regulatory environment. Its strategic location in Southeast Asia positions it as a gateway to regional and global markets. With low corporate tax rates, extensive free trade agreements, and world-class infrastructure, Singapore is a preferred choice for multinational corporations and startups alike. However, the high cost of living and doing business, coupled with intense competition, can pose challenges. Despite its small domestic market, Singapore’s strong global connectivity and innovation-driven ecosystem make it an ideal hub for businesses seeking regional expansion.

What services USAFE provide:

1. Company Incorporation Services
   • Setting up various types of business entities in Singapore, including private limited companies, sole proprietorships, and partnerships.
   • Preparation of incorporation documents in accordance with Company Act.
   • Advisory on compliance with Singapore’s business registration and operational requirements.
2. Local Bank Account Opening
   • Facilitation of corporate bank account setup in leading financial institutions in Singapore.
   • Guidance on selecting the best banking services for your business needs.
   • Assistance with document preparation and meeting bank compliance requirements.
3. Virtual Office and Business Address Services
   • Virtual office solutions for company registration and correspondence.
   • Mail handling, forwarding, and administrative support services.
4. Corporate Secretarial Services
   • Ensures compliance with statutory and regulatory requirements for businesses, including maintaining corporate records and filing necessary documents with government authorities.
   • Supports businesses with annual filings, organizing board meetings, and ensuring proper compliance with corporate governance practices.
   • Assists in performing capital changes, including issuing new shares, shares transfer, and alterations to share capital to meet corporate evolving needs.
5. Accounting and Bookkeeping Services
   • Comprehensive bookkeeping services to maintain accurate financial records.
   • Preparation of financial statements in compliance with Singapore Financial Reporting Standards (SFRS).
   • Customized monthly, quarterly or yearly management reporting for better decision-making.
6. Tax Service
   • Assistance with preparing and filing statutory returns, including filing Estimated Chargeable Income (ECI) and final tax submission (Form C/CS) with the Inland Revenue Authority of Singapore (IRAS).
   • Guidance on compliance with Singapore’s regulatory requirements and deadlines.
   • Updates on regulatory changes to ensure seamless compliance.
   • Assistance with GST registration and submission of compliance returns to ensure adherence to the Goods and Services Tax regulations in Singapore.
   • Providing expert advice on tax planning, optimization strategies, and navigating complex tax regulations to enhance compliance and minimize tax liabilities.
7. Audit Services
   • Statutory audits to meet Singapore’s Companies Act requirements.
   • Special-purpose audits, including financial due diligence and forensic reviews.
   • Preparation of detailed audit reports to enhance transparency and stakeholder confidence.
8. Payroll Services
   • Provides comprehensive management of employee compensation, ensuring timely and accurate calculation of wages, deductions, and net pay.
   • Facilitates compliance with Singapore Employment Law, including timely submission of payroll and contributions.
   • Manages payroll records effectively.
   • Supports businesses in understanding their payroll obligations and streamlining payroll processes to increase operational efficiency and reduce administrative costs.
   • Assists with work pass and visa applications, ensuring businesses can seamlessly hire and retain skilled talent.
9. Business Support Services
   • Provides nominee director services to enhance corporate governance and maintain compliance with local regulations.
   • Supports license and trademark applications to protect intellectual property and ensure compliance with industry regulations.
   • Provides advisory services for mergers and acquisitions, assisting businesses in navigating complex transactions and strategic growth.
   • Conducts valuations of businesses to support strategic decision-making and investment opportunities.