Company Formation
Establishment of Singapore Company
Singapore plays as an attractive destination for investment and business with its growing importance in Asia with world-class infrastructure.
Advantages of Singapore Company
- 100% foreign ownership allowed
- Minimum paid-up capital of S$1 only
- Minimum 1 shareholder and 1 director
- Only 9% tax rate on taxable income of up-to 300K annually; Low overall flat tax rate of 17% on taxable income above 300K. 75% is waived for the first 100K in the first three years; 50% waived for the following 100K.
- Zero taxes on capital gains and dividends in general
- Immigration visa (entrepreneur pass) available for company owners wishing to relocate to Singapore to run their new Singapore company
- No exchange controls or restrictions on repatriation of profits
Basic Steps of Incorporation
- Get company name approval
- Provide local Singapore director (Nominee Director)
- Provide local company secretary services
- Certificate of Incorporation (E-format)
- Articles of Association (E-format)
- Company registration information proof (E-format)
- Company stamp (one round stamp and rectangle stamp), one steel stamp
- CORPASS activation - Only for Singapore company secretary contract renewal
Required Documents
We will prepare and submit all the necessary documentation for registering your Singapore company. The following information is required to be submitted to the registrar of companies (ACRA):
- Fill in application form with company name in English only
- Provide copies of directors and shareholders ID cards (front and back)
- Provide passport photos of directors and shareholders
- Provide photos of directors and shareholders holding passports
- Provide copies of the address proof (the directors and shareholders) within 3 months
Time Required for the Application
The registration process of Singapore company nomally takes around 5 weeks to complete upon receipt of all the signed documents.
Registration fee: HK$16,500 up
