Company registration in Singapore

According to global rating agencies, Singapore is an advanced, Western-oriented jurisdiction with modern infrastructure and a high level of business environment. Fitch Ratings has affirmed Singapore’s rating at “AAA” – stable.
Singapore’s banking system is one of the most reliable in the world.
If you are planning to organise your business on an international level with access to all world markets, then a company registered in Singapore is probably the best offer.
Corporate law
The current legislative framework is based on the Companies Act Cap.50.

Procedure for incorporating a new company

• Free consultation
• Analysis of business peculiarities
• Selection of the best jurisdiction for your business
• Preparation of documents, KYC procedure (provide an identity document for each director, shareholder, partner, beneficiary of the company and a document proving the residential address, e.g. a utility bill for each participant not older than 3 months in English)
• Company registration
• Delivery of a set of documents
• Company maintenance and renewal

Private Limited – Private company with limited liability

Authorised activities

• Any activity permitted by law (banking, trust, insurance and reinsurance activities require licensing)
• Company registered office
• Company secretary
• Minimum authorised share capital requirements – SGD 1, no payment requirements
• Proposed authorised capital of SGD 1000
• Capital is considered paid up at the time of issuing shares, which is reflected in the company’s balance sheet
• Minimum number of directors – 1
• Minimum number of resident directors – 1
• Minimum number of shareholders – 1 (Natural or legal persons)
• Use of nominee service is permitted
• No personal presence at registration is required
• 0% on profits from companies recognised as non-resident
• 17% income tax on profits of resident companies
• Preparation of the company’s annual report
• Bookkeeping
• Company audit if annual turnover exceeds SGD 5,000,000
• Annual company renewal fee