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Xirlynx Profile and Articles
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1). Whats and Hows of Singapore Entrepreneur Pass
With Singapore’s desire to become a regional business hub, it plans to attract a good number of entrepreneur minds into the country from overseas. The EntrePass is a type of Singapore Employment Pass that is designed to facilitate the entry and stay of foreign entrepreneurs who are ready to incorporate and launch a business in Singapore. EntrePass was introduced in 2004 and is aimed at attracting foreign entrepreneurs into the country.
2). Tax Exemption for New Singapore Companies
For newly incorporated Singapore companies, full tax exemption will be granted on normal chargeable income of a qualifying company up to $100,000, for any of its first three consecutive years of assessment (YA) that fall within YA 2005 to YA 2009.
To qualify for the tax exemption for a relevant year under the new scheme, a company must:
o be a company.
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