Intending to set up an investment vehicle or holding company in Singapore?
Do not fret. ForBis Accounting is here to assist you every step of the way as your compliance partner.
What is classified as a holding company or investment vehicle in Singapore? What types of investment companies are there?
Investment Holding Company
As defined by the In-land Revenue Authority of Singapore (IRAS), an investment holding company refers to a company that owns investments such as properties and shares for long term investment and derives investment income (“non-trade income”) such as dividend, interest or rental income. The company’s principal activity is that of investment holding.
Read more at IRAS
Investment Broking or dealing
As defined by the In-land Revenue Authority of Singapore (IRAS), An investment dealing company refers to a company that owns investments such as properties and shares as a form of trading stock to derive trade income from the purchase and sale of these investments, e.g. gain on sale of real properties and shares. Unlike an investment holding company, the company’s principal activity is that of investment dealing.
Read more at IRAS
How do I set up and run an investment company in Singapore? What types of business structures are available?
Setting up an investment company in Singapore is fast and simple. There are 3 main types of structures that you can consider for an investment firm and you will be required to comply with the different filing and statutory requirements prescribed by the authorities in Singapore. Forbis Accounting can assist you to set up your company and ensure that you comply with the standards in Singapore with our digital compliance plans. Ensuring fuss-free operations in Singapore for your investment vehicle.
Private Limited Company
Flexible, allows multiple directors (executive officers) and shareholders in the company with different shareholdings. Liability is limited to the company, distinguishing individuals from the company.
Highly Recommended for Investment companies.
Limited Liability Partnership
Allows for multiple partners and managers with equal parts shareholding. Lower filing requirements. Liability is limited to the partnership, distinguishing individuals from the company.
Recommended for small investment vehicles.
Good for individuals. Lower filing requirements. Tied to the individual, no distinction between the individual and the business.
Not recommended for investment firms.
Frequently Asked Questions
Why do you need to do Accounting & Bookkeeping for your financial statements and tax preparation?
The Singapore Companies’ Act obligates all companies registered/incorporated in Singapore to keep proper books of accounts. Good book-keeping not only facilitates day-to-day account maintenance and drafting of financial statements for the submission of annual returns but also provides insight for sound business decision-making as well as efficient financial management.
Why use Forbis as your professional partner?
ForBis offers a comprehensive range of accounting and bookkeeping services for companies that wish to outsource their bookkeeping function. Our accountants can compile your yearly accounts information for submission to ACRA and IRAS. We specialise in maintaining a timely accounting system that allows you to manage your accounts cost-effectively.
ForBis takes care of your compliance in a cost-effective and fuss-free manner, allowing you to focus on your business.
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