Singapore Company can be divided into 3 categories as follows:
Private Limited Company
The maximum number of shareholders is 50.
The number of shareholders is 50 or more. Once approved by local governmental authorities, company can issue shares and bonds to the public to raise capital.
Singapore Branch of a Foreign Company
A foreign company can set up its branch in Singapore, with this setup involving only recording the branch instead of incorporation.
- Profits from offshore business that are not remitted in Singapore are not subject to any tax except submission of annual returns and accounts audited by local accountants every year
- If the income of an exempted private company during one year does not exceed SGD5 million, the accounts during that year are not subject to audit
- Singapore has signed investment and double-taxation protection treaties with many countries
- With no exchange control, it is easy to raise capital
- There is a stable political, economic and trading environment
- There shall be at least one director who must be a Singapore citizen holding permanent residence or with an employment visa
- Company promoters shall include one person; subsequently there can be corporate shareholders (i.e. a holding company) holding shares
- A local resident must be appointed to act as company secretary
- Local registered address is required
Standard Registered Capital
ired Information and Time for Incorporation
- English name of company
- Copies of ID cards or passports of directors and promoters
- Declaration of business scope
- Registration of company (requires 14 days or so)
- Purchasing a Shelf Company (requires 5 days or so)