Over years, rising business costs coupled with the shortage of manpower, have been our challenges as a SME in Singapore to continue survive here. You are you now looking to spread your wings into foreign markets such as Iskandar Malaysia and China Mainland (via Hong Kong). In fact, you are not alone.
The Government has been encouraging SMEs to regionalise their presence overseas, and the Budget introduced new measures to help firms venture abroad. There is a growing number of companies which want to relocate its operation to Iskandar Malaysia and China (or Hong Kong). The advantage of the cost reduction comes from cheaper land and labour, coupled with the favourite exchange rate, strengthen your competitive edge compared to your competitors and explore opportunities in other fast-growing markets.
Yet, relocation is not easy either, especially for SMEs. Don’t you agree?
You would need to be well-equipped with relevant knowledge and essential resources prior to embarking on an overseas venture.
You would need to build sufficient network of contacts to explore the overseas markets
What’s more, once you decide to take flight your new era of business in elsewhere, you would need to take care of the basics- register your business, obtain funding and secure a business premise. Before you start operating, ensure you have complied with the licences and laws related to your business. You would need to plan for recruiting of staffs, filing of annual return and tax reporting at the end of your financial year. You are required to comply with the rules in the relevant Acts, i.e. Business Registration Act, Companies Act, Income Tax Law etc.
All those statutory requirements & tax reporting will take up your precious time to build up the business.
Now, we have solution for you, we can help you:
Setting up a new company in Iskandar Malaysia, Hong Kong, BVI
Applying for licences, permits and incentives
Assisting in Business Registration Renewal
Assisting in Annual Return Filing and Profits Tax Return Filing
Assisting in Salaries Tax Return Filing
Providing registered address
Assisting in visa application
All you need to do is to get in touch with us!
Ms Lee Weiying is a professional and serious accountant. Be it about our accounts for Asia Tong International Group or personal tax issues, she has been able to provide very useful help and advice. Especially when it comes the Group finances, she has always been able to respond in the fastest time and the advice given is practical and effective.
The 1Accounting & Consulting Services team has always worked very hard and knowledgeably with us during the preparation of accounts and taxes. Due to the international nature of our business, this involved at times complex questions and knowledge of the implications for personal and U.S. tax and accounting requirements.
We particularly wish to single out their Executive Director Lee Weiying for her invaluable contributions to keep us up to speed on matters ranging from management account presentation, group consolidations (in different currencies), financial audit, income taxes, GST and accounting practices.
We are extremely happy with their services. Their knowledge in accounting & taxation is very good and they finish Filing of Returns on time with all necessary follow up. We have already recommended their services to our business partners.
They have a professional setup, thorough in depth knowledge of the accounting & taxation system and most importantly we believe that they keep our information confidential. Our experience with 1 Accounting has been great.
The support they give us not just make our singapore business grow, but also make a crucial part of our survival, because we are a wholly overseas stake-hold corporation. 1 Accounting & Consulting Service helps us to set our firm and business firmly in Singapore, and help us save a lot of trouble and cost, so we highly recommend and trust them.
I have personally experienced seeking financial advice during the weekends and also late at night, and have yet to experience any unpleasant encounter. This has enabled us to focus on our core business as a Private Education Institute.
