Industries | Aoyama Sogo Accounting Office Singapore

Marine Industry

The maritime industry serves as a vital pillar of global logistics, with over 95% of Japan's trade volume transported via maritime routes. Despite its critical role, the industry faces a range of complex challenges, including soaring fuel costs, the need to adopt new technologies and alternative fuels to meet increasingly stringent environmental regulations aimed at reducing CO₂ emissions, and the push for operational efficiency through digital transformation powered by AI and IoT technologies.

Amid these evolving conditions, Singapore has emerged as a strategic hub for maritime companies, offering a robust environment for global business operations.

We have established our presence with the primary objective of supporting the maritime industry. By leveraging our deep expertise and comprehensive understanding of the sector, we are committed to addressing the diverse needs of maritime businesses operating on a global scale. Through our tailored advisory services, we aim to contribute to the continued growth and development of the maritime industry.

Advisory Services for Maritime Companies Expanding into Singapore

Advisory on Singapore's maritime tax incentive schemes (e.g., MSI-SRS, MSI-AIS)
Guidance on optimal entry strategies considering Japan's CFC rules
Transfer pricing advisory related to the relocation of offshore vessels

Support for Maritime Companies in the Market Entry Phase

End-to-end coordination from the incorporation of Singapore entities to obtaining employment visas
Coordination of meetings with Singapore's Maritime and Port Authority (MPA)
Monthly and annual financial reporting support tailored to maritime industry-specific requirements
Application for maritime tax incentives in Singapore, corporate tax filing, and tax audit support

Maritime-Related Support for Financial Institutions

One-stop services for the establishment and ongoing management of vessel-owning SPVs (e.g., JOLCO structures)
Accounting and tax advisory for the formation of ship investment funds and ongoing administrative support
Internal seminars and training sessions for corporate teams

Business Succession and Inheritance Tax Planning for Maritime Business Owners

Advisory on international asset and business succession planning
Support for the implementation of cross-border asset and business succession strategies

Investment Fund/SPC

Many fund managers are currently focused on building diversified portfolios that are not reliant on specific countries or regions, reflecting the growing global interest in rapidly developing emerging markets and the technology sector.
At the same time, Japan's stable legal, tax, and financial systems continue to provide a strong foundation, making investments in Japanese corporations and real estate key components of the portfolios of investment funds entrusted with capital from institutional investors worldwide.
Leveraging over 25 years of extensive experience in the fund industry since our establishment, we provides comprehensive, one-stop support to cross-border fund managers, covering the entire lifecycle from the establishment of SPCs to ongoing management and eventual liquidation.

Support for the Management of Overseas Investment Funds

Providing end-to-end advisory services focused on accounting and tax matters, tailored to the fund's target assets, investor base, and investment strategy.
Assisting with the setup of funds and Special Purpose Companies (SPCs) in Singapore and offshore jurisdictions, including support for fund closings.
Delivering comprehensive fund administration services, including regulatory reporting for cross-border funds.
Assisting with the application for tax incentive schemes for funds and fund managers in Singapore, as well as tax filings and support during tax audits.
Providing accounting and tax advisory services, including support for regulatory reporting to the MAS.

Support for the Management of Japan-Focused Investment Funds

Offering specialized advisory services on accounting and tax matters related to Japanese investments for overseas investors and fund managers.
Assisting with the establishment of feeder funds and SPCs in Singapore, including comprehensive support for fund closing processes.
Supporting the application process for tax incentives, along with tax compliance and audit support for Singapore-based feeder funds.
Providing accounting, tax advisory, and administrative services, including regulatory reporting to MAS for Singapore feeder funds.
Offering comprehensive accounting, tax, and administrative support for Japanese Special Purpose Companies, including TMKs and GK-TK structures.

Ultra High Networth/Private Banking

Singapore is a preferred destination for many high-net-worth individuals seeking relocation. However, relocating overseas presents a range of complex tax challenges, requiring thorough pre-move planning and ongoing follow-up to ensure full compliance with international tax regulations.
We have a dedicated team of experts with in-depth knowledge of both Singaporean and Japanese tax systems. We offer comprehensive and flexible solutions, covering everything from support with securing relocation visas to managing complex international tax matters.
Our commitment to delivering tailored, optimal solutions for each client has established us as a trusted partner for high-net-worth individuals navigating the intricacies of cross-border tax and compliance.

Pre-Relocation Advisory Services

Guidance on obtaining appropriate visas such as the ONE Pass and Employment Pass (EP) for seamless relocation.
Expert advice on tax residency status, exit tax (capital gains upon departure), as well as inheritance and gift tax implications under international taxation rules.
Strategic guidance on tax-efficient structures, including the Singapore Family Office Scheme and other tax incentives.
Tax advisory services focused on asset management and income taxation in Singapore post-relocation.

Support During the Relocation Phase to Singapore

End-to-end support from company incorporation in Singapore to obtaining work visas.
Assistance with income tax filings required upon exiting Japan.
Full support for the application process under Singapore's family office tax incentive programs.

Post-Relocation Support in Singapore

Comprehensive accounting, tax advisory, and visa renewal services for Singapore-based asset management entities.
Expert tax advisory services for cross-border investments and complex financial instruments.
Advisory on international asset succession and estate planning tailored to individual client needs.

Support for Returning to Japan

Guidance on Japanese tax implications related to repatriation, including pre-return tax planning.
Assistance with Singapore personal income tax filings, liquidation services, and visa cancellation procedures upon returning to Japan.

Web3/Crypto

Singapore is widely recognized as a crypto-friendly jurisdiction, making it an attractive hub for many Web3 and crypto asset businesses. However, accounting, tax treatment, and audit practices in this sector are still evolving, requiring businesses to undertake thorough preparation to ensure compliance and operational efficiency.
We possess deep expertise in the unique business models of Web3 and crypto asset enterprises, as well as the rapidly changing regulatory landscape governing these industries. Our dedicated team of professionals provides tailored advisory services to address industry-specific challenges, offering strategic solutions for complex tax issues and accounting standards related to emerging technologies and decentralized systems.
Through our up-to-date knowledge and extensive experience, we are committed to supporting the growth and success of businesses operating in the dynamic Web3 and crypto asset ecosystem.

Accounting, Tax, and Compliance Support for Crypto Asset Issuers and Holders
Advisory on Crypto Asset Issuance Structures in Collaboration with Partner Law Firms
Relocation and Tax Support for Web3 Business Owners in Singapore
Advisory on the Design and Structuring of Optimal Schemes for Web3 Funds
Accounting and Tax Support for the Implementation of New Business and Financing Models Utilizing Crypto Assets