Company Registration
Singapore
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Singapore Company Registration
Singapore is an ideal place to register a company. Singapore is a stable and business-friendly country with a well-developed infrastructure. It also has a reputation for being corruption-free, and its legal system is based on English common law. Additionally, taxes in Singapore are relatively low, making it an attractive destination for offshore companies.
Companies in Singapore must have a minimum of 1 shareholder and a maximum of 50 shareholders. Both individuals and companies can be shareholders.
Companies in Singapore must have at least 1 director & 1 secretary residing in Singapore. We can provide the secretary for your company.
You need a minimum capital of 1 Singapore dollar to open your company. You can increase your capital at any time by injecting additional funds into your corporate account and notifying the company registrar.
Companies in Singapore must have a registered address in Singapore that will store company documents. We can provide this address if needed.
How to Open a Company in Singapore
PROs
Singapore is a great place to do business. It has a strong economy, efficient government, and low taxes. In addition, Singapore is located in the heart of Southeast Asia, making it an ideal base for companies doing business in the region. The Singapore economy is based on free enterprise, with no restrictions on foreign ownership of a business. The repatriation of profits and the import of capital are also freely allowed.
Understand more about the taxation system in Singapore here.
When planning to open a company in Singapore, it is important to understand the different kinds of business entities, and which ones are best suited for the goals of your company. There are currently 7 types of business types in Singapore. The new company name must be available, verified, not trademarked and approved.
The incorporation of the company should be completed within 120 days from the date of the name approval.
for INDIVIDUALS
1. Passport Copy or Singapore ID
2. Residential Address Proof
3. Career Background
for COMPANIES
1. Certificate of incorporation
2. Business profile
3. Ownership structure<br>
Before being able to officially launch your company in Singapore, you must set up a registered office address. This is the address that will be used for all legal documents and correspondence. It cannot be a PO Box.
You will also need to open a corporate bank account in Singapore. The company needs to be registered to the Accounting and Corporate Regulatory Authority (ACRA).
1. Company Constitution (AOA)
2. Directors Consent Form
3. Company Secretary Consent Form
4. Board Declaration
You’ve officially open a company in Singapore, congratulations! Now you must understand how to comply with the tax filing requirements for your company. All Singapore-based companies are required to file annual taxes.
Get your Permanent Residence in Singapore !
- Acquire a Singapore Permanent Resident status (PR) through the Global Investor Program (GIP).
- Eligible for international investors who intend to drive their businesses and investment growth from Singapore.
- The applicant will need to have a substantial business track record and successful entrepreneurial background to qualify.
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