With its geographical advantages, Singapore has become one of Asia's important financial, service and shipping centres and its economic model is known as "state capitalism". According to the 2018 ranking report published by Global Financial Centres Index (GFCI), Singapore is the fourth largest international financial centre after London, New York and Hong Kong. As a world first-tier city rated by GaWC, Singapore is a member of the Association of Southeast Asian Nations (ASEAN), the World Trade Organization (WTO), the Commonwealth of Nations and the Asia-Pacific Economic Cooperation (APEC). Singapore has a good reputation of "garden city", credited to its remarkable performance on landscaping and sanitation.
Singapore companies can be divided into 2 categories, the general form and the special form. General form companies include the following types:
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. Special form companies include sole proprietorship, partnership business, limited liability partnership, limited partnership, etc.
- Excellent geographical position of a logistics center
- Good company reputation
- Preferential tax policies
- Free and sound financial system
- Reduced trade barriers to sensitive technologies and access to international investment opportunities
- Bridge of trade financing and listing financing
- Platform for expanding international brands and protecting intellectual property rights; and
- Possibility of settling as immigrants
- Registered capital of at least 1 Singapore Dollar
- At least 1 nature person / body corporate shareholder with no nationality limitation
- At least 1 local director (citizens, permanent residents and pass holders residing in Singapore) (can be provided by Conpak)
- A local registered business address (can be provided by Conpak); and
- Specified business scope (at most two scopes can be specified within relevant industries)
- The company's memorandum and articles of association
- Affidavit of compliance
- Certificate of identity
- Director's letter of appointment and affidavit of qualification
- Reporting table of the company's registered address and office hour; and
- Details of managing directors, company secretaries and auditors and share issue records (to be submitted within one month after incorporation)
ired Information and Time for Incorporation
- Company English name ending in PTE.LTD, meaning private limited company
- Original copy of directors and company originators' ID card or passport, or certified copy by certified public accountants, lawyers and notaries
- Original copy of proof of address of the directors for the last 3 months (such as bank statements, utilities bills, gas bills, landline phone bills, etc.) or certified copy by certified public accountants, lawyers, and notaries
- It takes about 2 working days to register a company (after the particulars are fully collected and due diligence is passed)
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