Company Formation Singapore
Other Jurisdictions
Singapore
Cost of registration
Number of Directors
Corporate tax rates
Payment of Charter Capital
Financial statements
€ 1,450
1
9%-17%
$ 1
Yes
FEW WORDS ABOUT COMPANY in Singapore
BENEFITS
TAXES
ACCOUNTING
- Political stability
- Developed Infrastructure
- Company registration takes 5-7 days
- There are tax benefits
- No minimum authorized share capital
- No exchange controls
- Corporate tax is 9%-17%
- VAT - 7%
- Annual returns filing - Yes
- Statutory audit - Yes
- Report requirements - Yes
REQUIREMENTS
TYPES OF COMPANIES
- Registered office
- A unique name
- The minimum number of directors is 1 person. At least one director must be ordinarily resident
- The minimum number of shareholders is 1 person
- At least one company secretary
- Minimum paid-up capital of $1
- Limited Liability Partnership
- Private Limited Company
- Public Company Limited by Guarantee
- Branch Offices of Foreign Companies
- Sole Proprietorship
- General Partnership
Local Director – A local director who is ordinarily resident of Singapore. Singaporeans, Permanent Residents, and EntrePass holders are eligible to act a local director for a new Singapore Company Formation.
You need to appoint a qualified resident company secretary within 6 months of your Singapore company’s registration. Sole directors and/or shareholders cannot act as the company secretary.
Corporate Income Tax is not levied on funds that have been received from abroad and have not been transferred to the local bank account in Singapore. Also haven’t been spent for purchase or rent of real estate on the territory of Singapore.
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HOW TO REGISTER A COMPANY IN Singapore
Step 1. Check your company name in the Company Registry
Step 2. Enter your company details
Step 3. We prepares and files the necessary incorporation documents to the relevant authorities for approval
Step 4. Then we works with the client to open a corporate bank account in Singapore
Step 5. We deliver the certificate of incorporation personally to the client or via courier service
Step 6. Checkout – that’s it
MORE INFORMATION
CORPORATE INFORMATION
SHARES AND SHARE CAPITAL
Opportunity to purchase ready-made companies
Local registered office
Local registered agent
Yes
Yes
Yes
The minimum amount of paid-in capital, nat. currency
The minimum amount of the issued capital
Bearer shares
Terms of payment of the issued capital
Possibility to issue shares without par value
S $1
1
No
No restrictions
No
DIRECTOR AND SECRETARY
SHAREHOLDER AND BENEFICIARY
Minimum number of directors
The requirement for residency directors
Director of legal entities are allowed
The data reveals to the local agent
Data field to the public registry
The requirement for the presence of the Secretary
Requirement to the residense of the Secretary
Requirements to qualification of the Secretary
Legal entity as the Secretary
1
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Minimum number of shareholders
Data is entered in the public register
Shareholders residency requirement
Information about the beneficiary is disclosed
Information may be disclosed to the local agent
Shareholders-legal entities are acceptable
1
Yes
No
No
Yes
Yes
TAXATION
REPORTING
VAT
Basic corporate tax rate
Capital gains tax
Currency control
Stamp duty
7%
9%-17%
No
No
No
The requirement for filing reports
Open access to reports
Statutory audit
The requirement for filing Annual Return
Open access to the Annual Return
The requirement for reports
Treaty on avoidance of double taxation (States which signed)
Membership in the OECD
Yes
No
Yes
Yes
No
Yes
95
No
Singapore-registered companies enjoy attractive tax exemptions and incentives. Your company pays less than 9% for the first Singapore dollar $300,000 you make in annual profits, followed by a flat rate of 17% flat thereafter.
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Why Customers Choose Us
Our lawyers have already registered hundreds of companies in different parts of the world, and they know all the subtleties and underlying potential problems when registering companies in the necessary jurisdiction. You will save your time and money by applying for us.
We offer an individual solution
We implement a personal plan in line with your objectives. We'll offer all our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company, etc
We provide full legal support
We'll provide the client with the best company incorporation services. Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration
We ensure a positive result
Strategically providing up to date personalized services to help your business succeed. We makes use of modern technological features to keep the records and details of every client safe