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2022-06-10 |
【4 mins Read】OneStart Weekly - Singapore Company Formation

Company formation (Global) – Singapore Incorporation

Acting as a world’s gateway to the Asian market, Singapore has ranked the #1 as the best business environment in the Asia pacific and the world. Commonly preferred by the rich, numerous multinational companies have chosen to incorporate in Singapore. There have been more than 154,000 small and medium companies established in Singapore for it being the reputable financial and regional trading center of Asia.

Located in the heart of Southeast Asia and with well established Airport and dynamic supply chain management, Singapore has extensive air connectivity that grants it a strong strategic position in the global market. Singapore has 21 bilateral and regional FTAs in force. Under the Network of Trade Agreements, business and trading becomes less costly and easier. This facilitated Singapore companies to expand their operations internationally. So incorporation in Singapore is a golden stepping stone and springboard, for bold investors like you to start business.

Non-resident who are opting or company incorporation in Singapore can also benefit from the Singapore’s wide network of trade agreement, giving you sound intellectual property protection as well as enjoying Singapore’s tax framework. Attractive right? With OneStart Business Centre’s help, you can now enjoy a one-stop company incorporation service and start your company and run your business in the famous financial hub – Singapore. Given Singapore’s world-class infrastructure, company established in Singapore enjoys a business-friendly ecosystem. Here are only some of the advantages of incorporating a Singapore company:

 

l   Tax Framework: 

-          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, and 50% waived for the following 100K

-          0 taxes on capital gains and dividends in general


l   Immigration visa (entrepreneur pass) available for company owners wishing to immigrate and run their new Singapore company

l   No exchange controls or restrictions on repatriation of profits

l   100% foreign ownership allowed

 

Incorporation in Singapore is noted as one of the easiest in the globe, but still because of its tight and strict legislative regulations, and the political differences with Hong Kong, it can get tricky and messy, if you are to form and register a company in Singapore on your own. Therefore, it is also suggested for interested investors to find a reliable agency and let them guide you through the way.

Only with round 5-weeks’ time, your request of company incorporation in Singapore would finish the registration process, upon receipt of all the signed documents. This is what OneStart Business Centre can assure you, as we will help to prepare and submit all the necessary documentation for registering your Singapore company. There is a list of documents required by the registrar of companies (ACRA) in Singapore:

l  Application form with company name in English only

l  Copies of directors and shareholder’s ID cards (front and back)

l  Passport photos of directors and shareholders

l  Photos of directors and shareholders holding their passports

l  Copies of the address proof (directors and shareholder’s) within 3 months

 

After the provision of the above information, our experienced professional team would help you to prepare the necessary application documents, which would be returned back to you later, for singing and documentation. OneStart Business Centre has years of experience in helping our clients to incorporate their company, be it in Hong Kong, or everywhere around the world. We can assure you; your application would be handled by good hands. Apart from helping you to send out and file your application to the Singapore registrar, there are also other services we can provide you with, during the different stages of your incorporation.

l  Get company name approval

l  Provide local Singapore director (Nominee Director)

l  Provide local company secretary services

l  Certificate of Incorporation (E-format)

l  Articles of Association (E-format)

l  Company registration information proof (E-format)

l  Company stamp (one round stamp and rectangle stamp), one steel stamp

l  CORPASS activation - Only for Singapore company secretary contract renewal

 

Starting your business in Singapore will give you a golden ticket to the entrance of international financial market. OneStart Business Centre would like to help you in your way to get your ticket. Opportunities slip, so act fast! With our help, we can assure you a successful and fluent incorporation in Singapore.

Interested in OneStart Business Centre’s Company Formation Services? Phone in to our hotline 3575 6888 or WhatsApp our helpful consultants!