Investment Holding (Real Estate)
Today’s volatile market environment has been challenging to say the least. Yet, it is in such a market that the steadiest investors thrive. To all individuals looking to make smart investment decisions in Singapore’s commercial property market, start off with a strong partnership to support your business journey.
Collaboration with a reliable and experienced corporate services/support provider enables you to make the most of every business opportunity. That is why here at Aspire Corporate Services, we have consolidated all your necessary corporate support and compliance needs into one-stop solution.
By working with our professional team, our clients gain access to our industry insights, corporate support, accounting and compliance services. In short, we help our clients deal with all the necessary requirements, so they may focus on their businesses and stand to gain tax advantages.
Setting up an Investment Holding Company (IHC)
An investment holding is defined as a company that owns properties and/or shares for long-term investment and derive “non-trade” income such as rental and interest.
As most know, commercial investments involve many types of legal agreements and more, of which can only be signed by a properly established business entity. By incorporating yourself and/or your partners as an investment holding, you create a company as a separate legal entity.
GST Registration for IHC
In the case of an Investment Holding, you may register for GST voluntarily even if your annual taxable turnover is less than S$1 million. To register your company for GST, the two key documents you need are:
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Option to Purchase (OTP): A right or option given by the developer of a commercial property to a prospective purchase. The booking fee of which is 1%-3% of the property’s purchase price.
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Sales and Purchase (SNP): An agreement made between the developer and purchase for the sale and purchase of any commercial property.
It is important to note that if intending to claim GST for the property purchased, the company should register for GST as close to Temporary Occupancy Permit (TOP) as possible (but not after).
Our Service to IHC
Disrupting the gap in the market, we have noted that most of the service providers providing services independently. The outspread of corporate services on the market leave you with high ‘a la carte’ prices and less-targeted experience in this field.
At Ingwer Consulting, we have included statutory compliance services and administrative support services in a single comprehensive package:
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Statutory Compliance
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Accounting
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GST Registration & Submission
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Compilation of Financial Reports
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Corporate Tax Filing
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Corporate Secretary (including annual meeting, annual return filing)
Administrative Support
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Tenant management
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Issuing of Invoice & Receipts
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Monitoring of Rental Payment
