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Looking for a springboard into South East Asia?

Looking for a springboard into South East Asia?

According to telephone research carried out by ItsInternational, the recruitment industry’s leading provider of worldwide contract management services, there are many Europe-based, SME recruiters dismissing South East Asia as a market opportunity believing it far too expensive and complicated to operate in that part of the world. 

The good news for those SME recruiters reading this issue of Recruitment International is that South East Asia no longer has to be an exclusive zone for large corporate, global, recruitment businesses.

For obvious reasons, Singapore is the prime hub for most business sectors across South East Asia and ItsInternational can now help Europe-based SME recruiters establish a vibrant, physical presence in Singapore to effectively service the growing number of clients requiring contract and permanent placements throughout this booming region.

ItsInternational is pleased to introduce a time-efficient and cost-effective, Company Set-up Service for SME recruiters, managed by a highly-experienced, native team who have been living and working in Singapore for many years.  Equally important, they have developed a wide network of local lawyers, property agents, insurance agents, etc to satisfy all your needs as well as those of the Singapore government.

A foreign company wishing to set up its presence in Singapore can either open a subsidiary or a representative office or a branch office.  SME recruiters prefer to register a subsidiary because under Singapore law, the parent company cannot be held liable for any debts and liabilities incurred by the subsidiary.  Furthermore, all Singapore resident companies are eligible for tax exemptions which reduce their effective corporate tax rate from 17% to 8.5% on taxable incomes up to SGD 300,000 (approx. GBP 150,000)

The following key requirements apply for setting up an employment agency as a subsidiary in Singapore and are addressed within the Company Set-up Service for SME recruiters:

Incorporate a Singapore company

Set up a business office

Apply for an Employment Agency Licence

Pay security deposit

Certification of employment agency personnel

Registration of employment agency personnel

Eligibility criteria for employment agency personnel

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