Malaysia Hotline: +603- 2141 8908
1) Separate Legal Entity
A
private limited company has its own legal identity, separate from its
shareholders and its directors. It can acquire assets, go into debt, enter into
contracts, sue or be sued in its own name.
2) Limited Liability
The
liability of the members to contribute to the debts of the company is limited
to the amount that they each agreed to contribute as capital to the company.
3) Perpetual Succession
The
Private Limited Company’s existence does not depend on the continued membership
of any of its members. Ease of transfer of shares or changes in shareholders
ensures that company continues to exist even in the event of death,
resignation, or insolvency of shareholders or directors.
4) Ease of raising capital
You can
raise capital for expansion or other purposes by bringing in new shareholders
or issuing more shares to existing shareholders. Investors are more likely to
purchase shares in a company where there usually is a separation between
personal and business assets. Also, most banks prefer to lend money to limited
companies.
5) Credible Image
As an
incorporated business entity, it commands a better image than a sole
proprietorship or a partnership firm, and investors will be more willing to
become part of the company as it demonstrates a vision to grow and expand. As a
Pte Ltd company, your business will be taken more seriously by your potential
clients, suppliers, bankers, and other professionals you will be dealing with.
6) Easier transfer of Ownership
Ownership
of a company may be transferred, either wholly or partially, without disrupting
operations or the need for complex legal documentation. This can be done
through the selling of all or part of its total shares, or through the issue of
new shares to additional investors.
7) Tax Benefits and Incentives
A
Singapore private limited company is a very efficient tax entity. The effective
corporate tax rate for Singapore companies for profits up to SGD 300,000 is
below 9% and capped at 17% for profits above SGD 300,000. Furthermore, there is
no capital gains tax. Singapore follows a single-tier tax policy which means
once the income has been taxed at the corporate level; dividends can be
distributed to shareholders tax free. Kindly consult Tannet for more
information.
Tannet
Malaysia provides various one stop business solutions to those who are
interested to venture into Asia Market. Our services included commercial
secretary services (receptionist), virtual office, offshore bank account
opening, business proposal drafting, documentation management and etc.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP :
http://www.tannet-group.net,
http://en.tannet.com.my