✅IBPS RRB OFFICER SCALE-1 First Reserve List Allotment Late Evening Today -
https://ibpsonline.ibps.in/rrbxis1may22/parlp1_apr23/downloadstart.php
✅IBPS RRB OFFICE ASSISTANT First Reserve List Allotment Late Evening Today :-
https://ibpsonline.ibps.in/rrbxioamay22/parlp1_apr23/downloadstart.php
https://ibpsonline.ibps.in/rrbxis1may22/parlp1_apr23/downloadstart.php
✅IBPS RRB OFFICE ASSISTANT First Reserve List Allotment Late Evening Today :-
https://ibpsonline.ibps.in/rrbxioamay22/parlp1_apr23/downloadstart.php
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Forwarded from Sonali Kothiyal
Topic: Workshop with Ex-CGM, RBI
Time: Apr 28, 2023 07:00 PM Mumbai, Kolkata, New Delhi
Join Zoom Meeting
https://zoom.us/j/95195022597?pwd=ZXBiSkhSNkZSMHpPSUR1SGRTNVVkdz09
Meeting ID: 951 9502 2597
Time: Apr 28, 2023 07:00 PM Mumbai, Kolkata, New Delhi
Join Zoom Meeting
https://zoom.us/j/95195022597?pwd=ZXBiSkhSNkZSMHpPSUR1SGRTNVVkdz09
Meeting ID: 951 9502 2597
👍6
Sir had only two transfers in RBI...in his 34 years of career, he lived in three places...Mumbai, Kolkata and Delhi.
❤68😁13🤔5👍3
Why do so many Indian Startups register in Singapore?… PhonePe, Flipkart, InMobi…
👉🏼 Tax Saving for VC Investors
The capital gains tax in India is 15-20%, and in Singapore, is zero!
As most VCs, create their returns by selling shares in companies, it’s the capital gains they get taxed on and not business profits or dividends.
This has a direct impact on their returns on the fund and the structure is a coupling of several steps - such as a Trust registered in Mauritius investing into startups, selling the shares, and transferring the money to their investors across the world.
👉🏼 Tax Savings on Profitable Companies
The Income Tax rate on Indian companies is 25-30%, but in Singapore is ~17% only
👉🏼 Political Risk, IP Laws and Arbitration
Singapore is in the top 5 countries in the world in the ease of business rankings, and is the most politically stable government which always takes a neutral stand in international affairs
The Intellectual Property protection laws in Singapore are highly robust compared to India, as are arbitration laws
Both of the above are lagging far behind in India
👉🏼 Raising Capital from China
If you raise money from Chinese investors, you have to go for a special approval from the RBI in India. There’s no such requirement in Singapore
👉🏼 Ecosystem and SE Asia HO
If you decide to penetrate the South East Asia market with your product, then the investors focusing on those markets are headquartered in Singapore and a lot of times would require you to set up a SG HO and transfer the IP to the SG entity.
👉🏼 Despite all of the above, why must you register in India instead
- While SG has lower taxes on the face of it, if your primary business is in India, the Indian tax laws will force your investors to pay taxes in India even though they are foreign parties who have bought and sold shares of a Singapore entity
- While it may seem like it’s easy to set up a SG company online, opening a bank account in SG from India is a massive pain. So you should only register in SG if you plan to open actual operations there
- You can transfer the intellectual property to Singapore on the insistence of your investors, but you’ll still have to keep your Indian entity to hire employees and run all operations. It’s not always as easy, and not always even necessary.
- Despite whatever people say, I think the Indian ecosystem has grown to be quite mature and you don’t need to go to international markets to only raise equity funding. If it’s for business operations, then of course, go and cast your net far and wide
*****
Anyway, I’ve given frameworks on how to decide where to incorporate your company… Estonia, Delaware USA, Dubai and Singapore for Indian startups in my book, Daily Coffee & Startup Fundraising.
It’s the #3 book on the Bestsellers list for Entrepreneurship on Amazon :)
In the picture, that’s me with my wonderful company in Singapore :D
#casarthakahuja #singapore #startups #fundraising #finance
👉🏼 Tax Saving for VC Investors
The capital gains tax in India is 15-20%, and in Singapore, is zero!
As most VCs, create their returns by selling shares in companies, it’s the capital gains they get taxed on and not business profits or dividends.
This has a direct impact on their returns on the fund and the structure is a coupling of several steps - such as a Trust registered in Mauritius investing into startups, selling the shares, and transferring the money to their investors across the world.
👉🏼 Tax Savings on Profitable Companies
The Income Tax rate on Indian companies is 25-30%, but in Singapore is ~17% only
👉🏼 Political Risk, IP Laws and Arbitration
Singapore is in the top 5 countries in the world in the ease of business rankings, and is the most politically stable government which always takes a neutral stand in international affairs
The Intellectual Property protection laws in Singapore are highly robust compared to India, as are arbitration laws
Both of the above are lagging far behind in India
👉🏼 Raising Capital from China
If you raise money from Chinese investors, you have to go for a special approval from the RBI in India. There’s no such requirement in Singapore
👉🏼 Ecosystem and SE Asia HO
If you decide to penetrate the South East Asia market with your product, then the investors focusing on those markets are headquartered in Singapore and a lot of times would require you to set up a SG HO and transfer the IP to the SG entity.
👉🏼 Despite all of the above, why must you register in India instead
- While SG has lower taxes on the face of it, if your primary business is in India, the Indian tax laws will force your investors to pay taxes in India even though they are foreign parties who have bought and sold shares of a Singapore entity
- While it may seem like it’s easy to set up a SG company online, opening a bank account in SG from India is a massive pain. So you should only register in SG if you plan to open actual operations there
- You can transfer the intellectual property to Singapore on the insistence of your investors, but you’ll still have to keep your Indian entity to hire employees and run all operations. It’s not always as easy, and not always even necessary.
- Despite whatever people say, I think the Indian ecosystem has grown to be quite mature and you don’t need to go to international markets to only raise equity funding. If it’s for business operations, then of course, go and cast your net far and wide
*****
Anyway, I’ve given frameworks on how to decide where to incorporate your company… Estonia, Delaware USA, Dubai and Singapore for Indian startups in my book, Daily Coffee & Startup Fundraising.
It’s the #3 book on the Bestsellers list for Entrepreneurship on Amazon :)
In the picture, that’s me with my wonderful company in Singapore :D
#casarthakahuja #singapore #startups #fundraising #finance
👍21😁9