Singapore

General Information

Singapore has a unique position in the global economy that has been consistently acknowledged as a global business hub – one that features developed infrastructure, political stability, open business policies, a skilled workforce, the use of English as the main working language and respect for intellectual property rights. Global businesses will find it advantageous to site their headquarters in Singapore. Strong trade and investment makes Singapore the most competitive Asian country and the world’s easiest place to do business

With more than 95 jurisdictions in double tax treaties (DTA) network with Singapore enable you to access relief from double taxation, either by way of tax credits, tax exemptions or reduced withholding tax rates.

Singapore has established itself as a reputable financial and regional trading centre. It is the world’s busiest port and a top location for investments in the Asia Pacific region. Factors such as strategic location, a competitive workforce, pro-business environment and forward looking economic policies have enabled Singapore to be the world’s gateway to Asia. Business owners all over the world regard Singapore as an ideal location to grow their businesses, with many of them using the country as a springboard to tap into other emerging markets in Asia.

Singapore Private Limited Company

Formation fees (Basic)

$99

Starting From
  • Company Incorporation

Formation fees (Standard)

$99

Starting From
  • Company incorporation
  • 1st year secretary fees
  • 1st year registered address

Formation + Nominee Director

$99

Starting From
  • Company incorporation
  • 1st year secretary fees
  • 1st year registered address
  • 1 Nominee Director (1st Year)

Characteristics of Singapore Private Limited Company

Principal Legislation The Companies Act, The Income Tax Act of Singapore
Type of Law Common
Share capital The concept of authorised share capital has been abolished in Jan 2006 and the minimum number of issued share is 1.
Classes of Shares Available Ordinary shares, preference shares, redeemable shares.
Bearer Shares Not permitted
Restriction on trading Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered office Each Singapore company must have a Registered Office in Singapore.
Directors A Singapore company requires a minimum of one director. Director can be of any nationality and need not be resident but at least one director must be a Singapore resident. 

 

**** A Singapore resident can be a Singapore citizen, permanent resident or holder of an EP or EntrePass. In the event that you are unable to appoint a Singapore resident director, engage nominee director service.

 

Shareholders Requires minimum one shareholder
Publicly Accessible Records Yes
Nominee Shareholder/Director Allowed
Location of Meeting Anywhere
Taxation 0 – 17%
Personal presence required No
Double Taxation Treaty access China, Indonesia, Thailand, Malaysia, Philippines, Vietnam, India, Japan, Korea, Australia, New Zealand, South Africa, United Kingdom, Netherlands, Germany, Switzerland, Sweden, France, Belgium, Finland and the United Arab Emirates.
Requirement to file account Yes
Requirement to file annual return No
Audit requirement No
Exchange control None
Company name restricted words Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Permitted Company Name The words “Private Limited” or “Pte. Ltd.” must be part of the name of every Singapore offshore company.

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