2018 marks the beginning of Kelmer Group’s further expansion in the Far East, starting with the opening of its new office in Singapore.
Strategically located at the heart of Asia, Singapore is right in the middle of key trade flows from Europe, the US, the Middle East, Australia and Asia, which cements its position as a global trading center.
Moreover, Singapore has one of the world’s strongest financial system, which can benefit from political stability, modern infrastructure, highly developed legal and regulatory framework and strong macroeconomic fundamentals.
Among the advantages in setting up a business in this strategic market is that Singapore uses a tiered tax system - one of the world’s simplest system - for both personal and corporate taxes, it allows 100% foreign ownership and provides many grants, tax incentives and in-kind assistance schemes to startups.
Thanks to a team of experienced professionals, with a deep understanding of the local system and a wide network of contacts, Kelmer Singapore offers a 360° assistance to entrepreneurs and companies interested in starting their business in the Far East’s financial hub.
- Local Director
- Corporate Secretarial Fee
- Update or Changes of Directors/Shareholders/corp details/company address
- Other incidental services including increase in share capital, share transfer, issue change of name, etc.
- Registered office
- Basic Accounting
- Yearly closing of accounts
- Preparation of Financial Statements + XBRL
- Tax Returns (ECI + Form C)
- Annual return
- Initial Setup of accounts to client's requirement
- Opening bank account
- Audit and Audit assistance (i.e. provision of info to and liaising with auditor)
- CPF Application
- Payroll + CPF + IR8A
- GST Application
- GST registered businesses (GST accounting, GST returns and Advisory)
- GST conversion for non-SGD Functional Currency
- Tax computation conversion for non-SGD Functional Currency
- Inventory accounting
- Work Pass Application
Management reporting and other optional services
- Basic Monthly report (BS, P&L, 2 Banks reconcil. Rep.t) on accrual basis
- Remote access to reports (incl. reasonable training)
- P&L with cost areas
- Profit centre accounting (client OR product profitability)
- P&L by month and year-to-date
- Fixed assets schedule
- Inventory schedule
- Accounts payables and receivables schedule
- Employees salaries and contribution schedule
- Cash Forecasting / Budget variance analysis
Marketing & Internationalisation
- Trade and scouting missions, individual or collective
- Focused B2B meeting with prominent local operators
Digital Marketing services
- Full Digital Identity Package
- Website development or restyle
- Social Media Setup and Strategy
- Social Media Management
- E-commerce development
- Mobile App