IB final assignment
COMPANY PROFILE
Our company is “Pristinus Milk Pvt. Ltd “ dealing in dairy business .It is the top dairy company in our home country. We are now interested in expanding our business for that we chose to operate in Singapore .
SINGAPORE
The Singapore consumer market in overview
Singapore's population is currently estimated at about 5.339 million(2013) persons, which includes citizens, permanent residents and other residents that are permitted to live in Singapore, e.g. persons with work permits. Its population is expected to grow.
Citizens and permanent residents comprise more than 80% of residents. Expatriate families from Developed World regions or countries, e.g. North America, the EU, Japan, Australia and New Zealand, number about 120,000 persons.
Singapore (GDP per capita: US$ 26,833 in 2005) has one of the most affluent consumer markets in East Asia. Singapore's economy appears to have stabilized after a number of years of turbulence, which started with the Asian Economic Crisis and ended with the SARS outbreak. GDP per capita in 2005 was the highest reported in Singapore's history. Business confidence has been increasing since 2004, as has consumer confidence, albeit more slowly because of lingering concerns in some sections of the population over job security. About 95% of the population is now reported to be middle and upper income group consumers. This, taken together with the fact that Singapore relies very heavily on imported food supplies, makes it a good target for committed exporters of food and drinks.
Singapore Company at a Glance
Excellent tax benefits from small-to-midsize companies: 0% taxes on 100K annual profits (first 3 years), approx. 9% tax on annual profits up-to 300K
Low overall tax rate of 18% on profits above 300K
Zero taxes on capital gains in general
100% foreign shareholding allowed
Minimum paid-up capital of $1 only
Singapore rated as #1 in ease of doing business in the world
Singapore rated as the best place to work
Our company is “Pristinus Milk Pvt. Ltd “ dealing in dairy business .It is the top dairy company in our home country. We are now interested in expanding our business for that we chose to operate in Singapore .
SINGAPORE
The Singapore consumer market in overview
Singapore's population is currently estimated at about 5.339 million(2013) persons, which includes citizens, permanent residents and other residents that are permitted to live in Singapore, e.g. persons with work permits. Its population is expected to grow.
Citizens and permanent residents comprise more than 80% of residents. Expatriate families from Developed World regions or countries, e.g. North America, the EU, Japan, Australia and New Zealand, number about 120,000 persons.
Singapore (GDP per capita: US$ 26,833 in 2005) has one of the most affluent consumer markets in East Asia. Singapore's economy appears to have stabilized after a number of years of turbulence, which started with the Asian Economic Crisis and ended with the SARS outbreak. GDP per capita in 2005 was the highest reported in Singapore's history. Business confidence has been increasing since 2004, as has consumer confidence, albeit more slowly because of lingering concerns in some sections of the population over job security. About 95% of the population is now reported to be middle and upper income group consumers. This, taken together with the fact that Singapore relies very heavily on imported food supplies, makes it a good target for committed exporters of food and drinks.
Singapore Company at a Glance
Excellent tax benefits from small-to-midsize companies: 0% taxes on 100K annual profits (first 3 years), approx. 9% tax on annual profits up-to 300K
Low overall tax rate of 18% on profits above 300K
Zero taxes on capital gains in general
100% foreign shareholding allowed
Minimum paid-up capital of $1 only
Singapore rated as #1 in ease of doing business in the world
Singapore rated as the best place to work