Incorporating a Company in Singapore

Singapore has been consistently rated as one of the best countries in ease of setting the business and expand their overseas business due to a stable political environment, sound laws and regulations, and preferential tax policies for foreign investment by the government.

Types of Company Formation in Singapore

The following three types of companies are allowed to be registered by ACRA

Private Limited Company
Limited Liability Partnership
Sole Proprietorship

The majority of the companies get registered under Private Limited Companies, Pte. Ltd. because of long term competitive long-term tax advantage.

Exempt Private Companies (EPC) and Subsidiary Companies also come under Private Limited Companies.

Singapore Company Registration Requirements

Following are the requirements for a new company formation in Singapore

The shareholding norm is very important, and a private limited company must have a minimum of one and can have a maximum of fifty shareholders. Shareholders might be individuals or corporate bodies. ACRA allows 100% foreign shareholding.
Company Secretary is a must and should be appointed within six months of registration. The company secretary, as an individual person, should be a local resident.
A local registered address is required for a company office. A PO box is not accepted. The share capital or initial paid-up capital requirement is SGD 1 (The currency can be USD as well). Additional share capital can be invested at any point in time.
A resident director is a must and can be either a Singapore citizen or a Singapore permanent resident or an Employment Pass Holder.
ACRA approval for name is necessary before initiating the Singapore company incorporation process.

Return to Our Services

OUR SERVICES

contact@ttworldco.com