Establishment of Singapore Company
Singapore plays as an attractive destination for investment and business with its growing importance in Asia with world-class infrastructure.
Advantages of Singapore Company:
- 100% foreign ownership allowed
- Minimum paid-up capital of S$1 only
- Minimum 1 shareholder and 1 director
- Only 9% tax rate on taxable income of up-to 300K annually; Low overall flat tax rate of 17% on taxable income above 300K. 75% is waived for the first 100K in the first three years; 50% waived for the following 100K.
- Zero taxes on capital gains and dividends in general
- Immigration visa (entrepreneur pass) available for company owners wishing to relocate to Singapore to run their new Singapore company
- No exchange controls or restrictions on repatriation of profits
Basic Steps of Incorporation:
- Get company name approval
- Provide local Singapore director (Nominee Director)
- Provide local company secretary services
- Certificate of Incorporation (E-format)
- Articles of Association (E-format)
- Company registration information proof (E-format)
- Company stamp (one round stamp and rectangle stamp), one steel stamp
- CORPASS activation - Only for Singapore company secretary contract renewal
Required Documents:
We will prepare and submit all the necessary documentation for registering your Singapore company. The following information is required to be submitted to the registrar of companies (ACRA):
- Fill in application form with company name in English only
- Provide copies of directors and shareholders ID cards (front and back)
- Provide passport photos of directors and shareholders
- Provide photos of directors and shareholders holding passports
- Provide copies of the address proof (the directors and shareholders) within 3 months
Time Required for the Application:
The registration process of Singapore company nomally takes around 5 weeks to complete upon receipt of all the signed documents.