Singapore Company

Singapore is a city-state and island country in Southeast Asia. It lies one degree (137 kilometres) north of the equator, at the southern tip of the Malay Peninsula, with Indonesia's Riau Islands to the south and Peninsular Malaysia to the north. Singapore's territory consists of one main island along with 62 other islets. Singapore attracts a large amount of foreign investment as a result of its location, skilled workforce, low tax rates, advanced infrastructure and zero-tolerance against corruption. Singapore has the world's eleventh largest foreign reserves, and one of the highest net international investment position per capita. There are more than 7,000 multinational corporations from the United States, Japan, and Europe in Singapore. There are also approximately 1,500 companies from China and a similar number from India.

Singapore have always been a popular choice for the location of business registration and management due to the low company incorporation cost, efficient infrastructure, mature legal system (English Common Law), tax exemption, and a stable political and economic environment. Singapore companies incorporated under the Companies Act have always been a popular choice for businesses due to maximum security and is easy to open a corporate bank account worldwide.

 

Mandatory Requirements:

Company Name (English)

Company Registered Address

Nature of Business

Paid up Capital* (minimum of S$1)

Number of Issued Shares

Shareholding Percentage (if more than 1 shareholder)

Minimum 1 Resident Secretary (age 18 and above)

Minimum 1 Resident Director (age 18 and above)

Minimum 1 Shareholder^ (any nationality, age 18 and above)

Identification Proof of the Director(s) and Shareholder(s)

Address Proof of the Director(s) and Shareholder(s)

Annual Return Filing and Tax Filing

Annual Fees Payable (30 days before the Anniversary of Date of Incorporation)

 

Benefits:

No Restriction on the Currency of Share Par Value

No Restriction on 100% Foreign Ownership

Zero Tax (on the first S$100,000 corporate profits)

Ease of Share Transfer

Ease of Opening Corporate Bank Account

 

A foreigner, who wants to set up his own company in Singapore, is required to appoint at least one director who is ordinarily resident in Singapore. The foreigner must also engage the services of a registered filing agent (e.g. corporate service provider) to submit the online application on his/her behalf. Tokenup Technology is a Corporate Service Provider based in Singapore and is a registered Filling Agent under Section 28F of the Accounting and Corporate Regulatory Authority Act. Our professional and experienced team is able to help with your business set up and corporate account opening in Singapore within 1 business day, corporate tax planning, and protecting your business intellectual property (IP).

 

We promise to deliver the best service at the most competitive price. Please welcome to contact us at [email protected] for more information.