Singapore Company Formation, Singapore Offshore Company Registration - Conpak CPA Limited

Singapore Company

Singapore Company can be divided into 3 categories as follows:

  • Private Limited Company
    The maximum number of shareholders is 50.
  • Listed Company
    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.

Advantages

  • 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

General Requirements

  • 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

  • SGD50,000

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)

Should you have any enquires about Singapore Company Incorporation, please complete the form below and we will reply to you soon.

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