AM Corp Blog

Blogs about corporation startup tips, accounting and taxation basics.

Why Singapore: Intellectual Property Tax Incentives You Can Enjoy

Posted by AM Corporate Services Pte. Ltd. 10. 5. 2018

Singapore is well known as a prime location for global businesses looking to expand into Asia. Located right in the middle of robust and booming markets in the region, it has a highly skilled pool of labour ready to be assimilated into any organisations. To attract more businesses and investors, the government has since put forward several incentives, making it easier than ever for entrepreneurs to set up their own companies in the City State.

In Singapore, tax incentives are catered towards organisations engaging in activities that provides value to the country’s economy and technological development. Intellectual Property (IP) activities are therefore regarded as high value activities, strengthening the nation’s innovative capabilities and creating a better business environment. As such, these incentives are offering compelling reasons that continue to put Singapore on the map as a preferred location for setting up IPs.

Here are several examples where Inland Revenue Authority of Singapore (IRAS) and Singapore Economic Development Board (EDB) lend support to the improvement of IP infrastructure within the country.

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Topics: Taxation, Intellectual Property

Intellectual Property (IP) Migration: 3 Essentials You Must Consider

Posted by AM Corporate Services Pte. Ltd. 10. 3. 2018

Singapore remains as the top location of choice for businesses looking to register IP. Strong government support is a huge factor, especially with policies in place to assist entrepreneurs on a quest to turn “ideas into assets”. The nation’s legal system, fierce government support and a collective vision to turn Singapore into a Global IP Hub in Asia by 2020 are all great reasons that provide a pull for potential business owners and companies into the Republic.

That said, assets such as IP can tricky when migrating to “favourable tax jurisdictions ”, especially with governments issuing crackdowns on companies looking to evade tax. In the event that these IPs are undervalued, local governments could potentially issue taxes based on the value of the new assets, even if it has moved abroad to avoid hefty tax charges.

While Singapore will no doubt provide a strong global position and allows companies to operate efficiently, here are 3 essentials to consider for IP Migration into Singapore.

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Topics: Business Valuation, Taxation, Start Up, Intellectual Property

Top 3 Reasons Why Singapore is an Intellectual Property Haven

Posted by AM Corporate Services Pte. Ltd. 09. 18. 2018

Photo by Victor Garcia

Singapore is internationally known as a safe haven for both local and foreign entrepreneurs looking to set up their businesses. In World Bank’s annual “Doing Business” 2018 report, for instance, the nation is ranked 2ndamongst 190 global economies, miles ahead of other economic powerhouses such as the United Kingdom and the United States of America.

Similarly, international surveys such as the World Economic Forum has also ranked Singapore’s Intellectual Property (IP) laws as one of the best in the world. Large brand names such as Procter and Gamble as well as Mead Johnson have selected Singapore as their preferred location to invest in business and research and development – all of whom have listed strong IP laws as a factor in their decisions.

Here are the top 3 reasons why Singapore is an intellectual property haven.

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Topics: Start Up, Intellectual Property

8 Types of Intellectual Property To Know In Singapore

Posted by AM Corporate Services Pte. Ltd. 09. 13. 2018

Photo by Peter Nguyen

In today’s globalised age, all companies will need to constantly innovate to keep their competitive advantage and keep ahead. Any complacency or stagnation would have eliminated them from the race. According to the Global Innovation Index, Singapore ranked 5thmost innovative nation out of 126 economies, ahead of USA & Germany, and top innovative nation in Asia. As such, Singapore is a haven for many Small, Medium Enterprises (SMEs) and Multi-national corporations (MNCs). For companies to stay competitive in Singapore, they will need to innovate. Most importantly, they need to know how to protect their innovative ideas – their intellectual property.

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Topics: Start Up, Intellectual Property