Company Incorporation & Company Formation
Singapore Incorporation requirement
- At least one local director who has to be a Singaporean, or Singapore PR, or Singapore employment pass holder;
- At least one shareholder, you do not need a Singaporean for a shareholder.
- Minimum paid up capital is S$1
- Incorporation time ranges approximately within a day
- We will act as your company secretary.
Information required for Company Incorporation
- Name of company
- Business activities
- Paid up share capital
- Company registered address
- Particular of Directors and shareholders
- Full name as in passport
- Local corresponding address
- Overseas address, if any
- Nationality
- Identity card No and expiry date
- Passport No. and expiry date
- Personal contact (including mobile, home and office number, fax and email address)
- Number of shares issued to each shareholders
We require a copy of their passport and identity card for our record and verification
Singapore Company Incorporation Package – $700 (Normally $900)
- Professional service for name application and incorporation
- Government registration fee
- Government filing fees for reservation of 1 company name
- Share certificates
- Minute book & statutory registers
- Memorandum & Articles of Association
- Opening of first bank account excluding transportation
- Company profile, courier and other miscellaneous expenses
Advantages of Company Incorporation in Singapore
- Protection of personal assets and limiting your company and personal liabilities
- Substantial tax saving as new companies may be entitled to full tax exemption for first $100K taxable profit or partial tax exemption up to first $300,000 taxable profit. Effective tax rate is less than 9%.
- Exemption of audit requirement for private exempt company and company with turnover of less than $5 million
- Easier access to capital funding through the sale of shares to investors and borrowing from banks
- Singapore as a whole is ranked AAA, and besides that, local institutions and companies are also highly rated by S&P