GST Registered Company Set Up
Can We claim back the GST on our Commercial/ Industrial property purchase?
- The sale and lease of all properties in Singapore are subject to GST, except for the sale and lease of residential properties which are exempt from GST.
- GST is claimable on the purchase and rental of non-residential property if the property is used or will be used to conduct business activities which will in turn, generate taxable supplies.
Difference between buying as an Individual vs Buying under a company?
What are the information required for setting up a company
1)Register Company’s Name
2)Details of Shareholders & Directors
3)Company Secretary Details
https://www.acra.gov.sg/how-to-guides/setting-up-a-local-company
What are the information required for setting up a company
- Input Paid up capital amount
- % split in the shares
- Business Nature : Other Holding Companies (64202)
- Registered Address
- Upload constitution