Posts Tagged ‘Image’

Singapore Cleans Up Image to Attract Bonafide Businesses: Singapore Company Incorporation

A leading Singapore incorporation portal

Singapore (PRWEB) May 06, 2014

According to a Sydney Morning Herald report published this week, Australian companies have sent almost $ 40 billion in 2012 to Singapore, raising questions of which funds are legitimate. Ahead of this report, and in a bid to clear any doubt, the Southeast Asian nation has been taking proactive measures since last year to weed out money laundering and wilful tax evading activities. This continued effort will help the country to clean its image and attract genuine businesses from across the globe, says, a leading Singapore incorporation portal.


Singapore attracts investments from all corners of the world, due to the absence of taxation on dividends, business-friendly regulations, vibrant financial market, free enterprise economy, political stability and state-of-the-art infrastructure. According to Trading Economics, the cost of borrowing is last recorded at 0.21, coupled with a strong and appreciating currency attracts foreign funds in search of higher returns.

In return, the Singapore government welcomes foreign investment that contributes to the economic growth of the country, particularly in value-added, skills and technology-based sectors. To encourage such investments, the government offers a wide range of incentives including accelerated depreciation benefits, favourable loan proposals and high-quality industrial estates.


In a bid to step up efforts on cleaning the image of Singapore as a conduit for money laundering activities, the Monetary Authority of Singapore (MAS), last year, announced a slew of reforms to combat cross-border tax evasion activities. According to MAS, Singapore intends four key measures to strengthen its Exchange of Information (EOI) framework, which include:

Extending EOI assistance in accordance with the internationally agreed standard (for tax purposes) to all the existing tax agreement partners of Singapore.
Signing the Convention on Mutual Administrative Assistance in tax matters. There are currently 45 signatories to the Convention that serves as an international agreement for bilateral tax co-operation.
Allowing the Inland Revenue Authority of Singapore (IRAS) to obtain bank and trust information from financial institutions without having to seek a Court order, which will further streamline the administration of EOI.
Concluding with US an inter-governmental agreement (IGA) that will facilitate financial institutions in Singapore to comply with the Foreign Account Tax Compliance Act (FATCA).

FATCA is a US law which requires all financial institutions outside of the US to share information about financial accounts held by US persons to the US Inland Revenue Service (US IRS) on a regular basis. The agreement was concluded in July last year with far-reaching implications. Per the FATCA rules, banks in Singapore will have to share the information on financial assets of American citizens in the country, with the U.S. authorities.


Singapore’s ambition to promote a clean image across the globe will have a positive impact on its image. It will attract bona fide businesses for carrying out legitimate business activities and put brakes on money laundering intentions.

Commenting further, Ms. Cheryl Lee, Operations Manager at said, “The measures will ensure that Singapore’s financial system is not used to harbor ill-gotten funds or as a medium for the flow of undeclared assets. Such regulations will restore the image of the island nation as a nerve center for growth and innovation.”


About is a portal for entrepreneurs and professionals who want to have a presence in Singapore. It is also a provider of company incorporation as well as the related taxation and relocation services in Singapore.

80 Playfair Road

Singapore 367998

65 6850 5280

Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Related Foreign Exchange Press Releases

“Image Leads The Way” – iCRco’s New Items, Solutions and Demos at RSNA

Irvine, CA (PRWEB) November 26, 2011

At RSNA 2011, iCRco will aid guests re-feel ER workflow by demonstrating a total end-to-finish answer, from RIS patient scheduling to internet-enabled viewer and an all-in-1 mobile x-ray unit capable of stopping itself.     

    RSNA attendees visiting iCRco’s booth will knowledge the company’s most dynamic and innovative presentation in its history. A highlight of this year’s wide assortment of hardware and software program solutions is the latest addition to the Vmotion line of rugged, portable computed radiography systems – the Vmotion All-in-One™, a total, mobile x-ray unit integrated with the VertX™ portable CR method. The All-in-One answers the require for radiographic exams in emergency and trauma care, orthopedics, pediatric, and operating environments, and it is also capable of stopping itself.

    At the booth, visitors will also be informed and entertained by the screening of “Maria’s Journey,” a film featuring an innovative trauma space program that will modify the conventional wisdom about ER workflow.

    “I’m particularly proud of the merchandise and services we are presenting this year,” said iCRco CEO Stephen Neushul. “While most firms are content to wait until organization circumstances increase, our team is moving forward, supplying the solutions our consumers need. And they’re performing it with a design concentrate, too.”

    Other product highlights contain:

The ClarusCTTM – Packed with innovative attributes including open pass-through gantry, motorized reclining patient’s chair or automatic table, and cone beam computed tomography.

ChromeDuo™ CR mammography – Incorporates a dual-bay cassette program featuring iCRco’s True Flat Scan Path™ technologies. Reliability, rapidly image access time and high-volume throughput put the ChromeDuo on the forefront of mammography imaging technologies.

Triage Table – It’s mobile, nimble and… wireless! Complete with its own viewing station, iCRco’s full-body Triage Table can even take AP and lateral pictures with no moving the patient.

About iCRco

    Founded in 1990 by Stephen Neushul, iCRco has introduced many innovative technologies with its direct digital radiography, computed radiography, film digitizer and PACS product lines. In 2002, iCRco introduced the first computed radiography machine to have True Flat Scan Path™ technologies. Today, iCRco continues to lead its medical imaging categories by way of the development of innovative digital x-ray imaging solutions, such as a total suite of x-ray imaging hardware, PACS, imaging software and integrated solutions for the medical, chiropractic, dental, veterinary and non-destructive testing markets.

    iCRco is proud to be the option of United States Military for portable digital imaging and received straight A’s in all fields in the 2009 KLAS Medical Imaging Buyer’s Guide.

    For more information, get in touch with Hydee Ong, iCRco Advertising and marketing Manager at (310) 921-9559 x224 or at 2011 RSNA attendees might also see the iCRco items and services at booth 5622, South Hall.



Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Uncover A lot more Management & Leadership Press Releases