Establishment of Singapore Company
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:
Registration Process: Simple and efficient incorporation process requiring only one local director. Minimum paid-up capital of SGD 1 with flexible capital contribution schedule
Tax Benefits: Extensive network of tax agreements with multiple countries
Tax Incentives:
- 75% tax exemption on first SGD 100,000 of chargeable income for first 3 years
- 50% exemption on next SGD 100,000
- Corporate tax rate of 17%
- No personal income tax on shareholder dividends
Customs and GST:
- Most imported goods are duty-free
- Zero-rated GST for international logistics and insurance services
- Current GST rate at 7%, reducing operational costs
Financial Freedom:
- No foreign exchange controls
- Unrestricted profit repatriation and capital raising options
Business-Friendly Environment:
Various business incentive schemes including:
- Regional Headquarters (RHQ) Program
- Global Trader Program (GTP)
- Government grants to enhance market competitiveness
Immigration Benefits:
- Entrepreneur visa options
- Pathway to permanent residency through business operation
Service Package Includes:
Company Name Verification (must end with “PTE. LTD.”, English only)
- Local Director Service
- Registered Address Provision
- Corporate Secretary Services
- Certificate of Incorporation
- Corporate Documents: 3 sets of company constitution and Share certificates
- Corporate Seals and Stamps
- Certified True Copies by Company Secretary
- CorpPass Registration Assistance
Timeline and Process
- Average incorporation time: 2 weeks
- Remote processing available (physical presence not required)
Banking assistance available (optional)
- Serving as a nominal director can help open a new bank account in Singapore.
- Assist the client in holding a meeting and signing the account opening resolution.
Required Documentation
Application and KYC FormsDirectors’ and Shareholders’ Documents:
- Passport copies (both sides)
- Passport-holding photo
- Proof of address (within 3 months):
Recommended Paid-up Capital:
SGD 10,000 – 50,000 (flexible based on business needs)
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