Practical Guide: Successful Conclusion of the “Expanding to Singapore” Workshop
Practical Guide: Successful Conclusion of the “Expanding to Singapore” Workshop
Sep 05, 2024
On November 9th, the “Expanding to Singapore” workshop, led by SIG Tax & Accounting and hosted by the Enterprise Service Center of Suzhou Industrial Park, was successfully held. The workshop invited four experienced professionals from various fields to share practical steps and valuable insights on business expansion abroad.
SIG Tax & Accounting: Offering Practical Guidance and Financial Wisdom
At the workshop, the China General Manager of SIG Tax & Accounting provided a detailed overview of the entire process of setting up a company in Singapore, covering aspects such as registered capital, operating costs, and human resources planning. He also explored strategies for efficient financial planning under the “Singapore+1” model. In addition, William, a senior tax manager at SIG, explained key accounting and tax regulations in Singapore, offering practical advice on how businesses can manage their financial accounts in compliance with local laws. He also shared actionable strategies for obtaining tax incentives to help companies optimize costs and achieve efficient operations overseas.
Comprehensive Support for Overseas Expansion
The event received strong support from the investment promotion department of Suzhou Industrial Park. The department’s representative outlined the policy benefits and optimized business environment provided by the park to assist companies going abroad, helping them build a solid foundation for growth and effectively mitigate market risks. Suzhou Industrial Park has established a comprehensive support system, becoming a strong pillar for businesses expanding internationally.
Furthermore, Yang Dongbing, a senior manager from the International Department of CITIC Bank, delivered an in-depth presentation on cross-border financial services. He highlighted key considerations for cross-border transactions and shared strategies for managing cash flow to ensure stable and healthy business growth.
Conclusion and Outlook
This workshop provided valuable practical insights and operational guidance for companies planning to enter the Singapore market or those already expanding there. It showcased the critical role that SIG Tax & Accounting plays in supporting businesses on their internationalization journey. SIG remains committed to offering professional, forward-looking consulting services, serving as a trusted partner for businesses venturing abroad.