Singapore Company Formation
Company Incorporation In Singapore
- Company Registration in 2 Days Maximum
- Fast, Easy Online Setup Process via Our Secured Systems
- 1 Year Dedicated Account Manager
- Lowest Market Price Guaranteed All Inclusive!
- Reduced Corporate Tax, Three-Year Taxable Profits Moratorium
Benefits of Singapore Company Formation
Are you looking for Singapore Company Formation opportunities? Singapore is one of the most advanced and fastest-growing modern economies in Asia, consistently ranked as one of the best places to do business. The country has attracted international capital due to its liberalized economy, investment-friendly environment and attractive tax policies capturing 16% of all offshore investments.
Singapore is classified as a tax haven because it offers tax advantages to offshore non-resident companies. The last twenty years has seen a dramatic rise in the city state as a regional trading center for finance and commerce, becoming the gateway to Asia’s banking and investment markets.
Moreover, the country as many Free Trade Agreements (FTAs), Double Taxation Treaties (DTTs) and has been ranked one of the world’s most competitive and open markets.
Singapore is home to many regional banking headquarters due to its favourable corporate taxations laws and governmental incentives which has attracted many funds and investment companies to serve the nearly 150,000 SMEs registered in the country. The government has been able to attract foreign investors not only by offering massive tax breaks and business environment but by creating favourable immigration policies.
Singapore has one of the strongest banking systems in the world, with many of its banks ranked among the safest. Offshore bank accounts in Singapore are open to non-residents, though it is becoming harder to open accounts without a Singapore offshore company together with a bank letter and proof of funds. These are just some of the Singapore company formation benefits. Thus, read on to know more on how to start a company in Singapore.
Singapore Company Formation Package
BASIC
US$2600
- Set Up Fee
- Business Consultation
- Document Preparation
- Dedicated Account Manager
PLUS
US$3120
- Set Up Fee
- Company Rubber Stamp
- Company Seal
- Notaristic and Apostille on Documents
- Document Preparation
- Dedicated Account Manager
PREMIUM
US$3410
- Set Up Fee
- Company Rubber Stamp
- Company Seal
- Notaristic and Apostille on Documents
- International Courier
- Creation of Company Logos; Business Card; and Letterhead
- Documentation Preparation
- Dedicated Account Manager
Main Characteristics of a Singapore Company Formation
| Characteristic | Description |
|---|---|
| Company Type | Private Limited Company (Pte Ltd) |
| Information published relating to company officers | The names of directors and shareholders appear in the Public Registry. One of the directors must be resident in Singapore. |
| Accounting requirement | Yes, annual reports required. |
| Taxation | 17% above SGD 300,000, 8.5% below
No taxation on the profits earned abroad or from financial securities however a company is liable to pay tax in Singapore on income that is:
|
| Income Received from Abroad | Under Section 10(25) of the Income Tax Act, income from outside Singapore is considered received in Singapore when it is:
|
| Legislation | Singapore Companies Act 1963. |
| Standard currency | Singapore dollar (SGD) |
| Stability | Singapore is a very stable jurisdiction and has an excellent reputation. |
| Communication | Very efficient communication means. |
| Time zone | Convenient world time zone: GMT+8 |
| Secretary required | Yes |
| Paid up capital requirement | No paid up capital requirement (1 SGD) |
| Renewal Date | Anniversary date of the company / Each Year |
| Basis of legal System | Under Common Law. |
| Minimum directors/shareholders | Minimum of 1 director/1 shareholder One of the directors must be resident in Singapore. |
| Bearer shares | Bearer shares are not permitted. |
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Scope of Services
* Exempt Private Limited Company (Singapore Pte Ltd)
| Company Formation Services | Status |
|---|---|
| Name reservation |  |
| Preparation of incorporation documents | |
| Registration with the Accounting and Corporate Regulatory Authority (ACRA) | |
| Electronic Certificate of Incorporation | |
| Resolution to open a bank account. | |
| Company profile extract from the ACRA | |
| Share certificates | |
| Company seal (Optional) | |
| Company rubber stamp (Optional) | |
| Our professional fee | |
| Preparation of compliance corporate kit | |
| ACRA Compliance Alert & Reminders | |
| Professional & Filing Fees | |
| Company Secretarial services for 1 year | |
| The corporate security deposit* | |
| Services (Government Fee) | Status |
|---|---|
Company registered address for 1 year
| |
| Nominees Services | Status |
|---|---|
| Singapore companies – a minimum of one Singapore resident director is mandatory (local directors). A resident is defined as a Singapore Citizen, a Singaporean Permanent Resident, or a person who has been issued an Entrepass or Employment Pass. Notes: If you cannot provide a local director from your side, Offshore Company Corp can satisfy this statutory requirement. | |
Singapore Company Formation is ideal for?
Financial Management
International Investment
International Holding Company
Ship and Property Ownership
Commercial Trade Activities
E-commerce Business
What are the required documents for the Singapore Offshore Company Formation ?
- A certified copy of each director and shareholder’s passport
- A certified copy of each director and shareholder’s proof of domicile dated less than three months (must be in English)
- Proposed 3 company names with ending suffix “Limited”, “Corporation” or “Incorporated”.
- Last 3 months' bank statement. All in original.
Singapore Offshore Company Starting from $ 2600
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Frequently Asked Questions – Singapore Company Formation
The type of companies that we setup in Singapore is known as a Private Limited company (Pte Ltd company). It is a legal entity similar to a Limited Liability Company (LLC) that can have a limited number of shareholders, and its shares are not available to the public.
Singapore Private Limited Companies enjoy attractive tax exemptions and incentives. Singapore has a territorial-based taxes system.
For non-resident companies that have there income coming from foreign sources are between 9-17% with a number of exemptions for startups, for small businesses and for certain sectors.
See a qualified Singapore accountant to be sure of the current taxation and reporting requirements for local resident companies.
The usual authorized capital is SGD 1,000. The minimum capital requirement needed to establish a Singapore Company is SGD 1.
A company must annually submit its accounts to the Singapore Register
All names and details of Directors, Shareholders, and Beneficial must be publicly available. Accounts must be filed and is made public. However, a Singapore company can used nominee services if an owner wishes to remain confidential.
Yes. Absolutely! The entire process to open a bank account for Singapore company can be done remotely.
Skwer Group have more than 35 years combined experience in offshore company formation, our global network of registered agent based in more than 20 major jurisdictions, allow us to offer our clients the best services at a very competitive price.
Each client receives a tailor-made service, aligned with the latest jurisdiction laws. In addition, we also provide related services such as bank account opening and accounting services.
