Singapore Company

Overview

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
• A private company will be exempt from convening an annual meeting.
• 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 Authorized Capital

• SGD500,000

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)

If you would like further information concerning Singapore Company Incorporation, please contact our professionals and we will provide you with free advisory.