Business Registration Singapore

Singapore Company

Opening a business in Singapore is ideal for:

Main characteristics of a company set up in Singapore:

Company Type Private Limited company
Corporate legislation Singapore Companies Act 1963.
Information published relating to company officers The name of the directors appears in the public register of Singapores’ company.
Accounting requirement Annual unaudited financial statements must be submitted to the Inland Revenue Authority of Singapore (IRAS)
Financial audit is not required if corporate turnover/sales is less than S$5 million (US$3.74 million)
Taxation 0 tax for new Singapore companies on the first 100K annual profits for the first 3 years
For resident companies approx. 9% corporate tax rate for profits up to 300K
Overall company tax rate is a flat 17%
A Singapore company can enjoy tax exemption from its foreign-sourced dividends, foreign branch profits, and foreign-sourced service income that is remitted into Singapore if some conditions are met.
Confidentiality Singapore offers a high level of confidentiality.
Time to form The sole-proprietorship or partnership is usually registered within 15 minutes after the registration fee is paid. However, it may take between 14 days to 2 months if the application needs to be referred to other authorities for approval or review.
Standard Currency Singaporean Dollar
Stability Stable jurisdiction with very good reputation
Communication Efficient communication means
Time zone Convenient world time zone  GMT+8
Secretary required yes
Paid up capital requirement 1 SD
Basis of legal System Under Common Law
Minimum shareholders / directors Minimum of 1 Director/Shareholder. One director must be domiciled in Singapore
Bearer shares Bearer Shares are not permitted in Singaporean companies

TAX treaties signed

Singapore has tax treaties for the avoidance of double taxation with more than 50 countries including

Australia, Belgium, Canada, France, Germany, India, Indonesia, Israel, Italy, Japan, Malaysia, Mauritius, Netherlands, New Zealand, China, Philippines, Thailand, Switzerland and the United Kingdom.

To register a company in Singapore, just send us an email through our contact form.

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