This presentation shows the methods of incorporating your company in Singapore, its various advantages and various methods.
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Company registration in singapore
1.
2. Rated number one in the world by World
Bank for ease of doing business.
Singapore is a major centre for business
and trade in the Asian region.
Singapore has been ranked as the third
most globalized economy among 60 of the
world’s largest economies.
3. To take advantage of Singapore Double
Tax Agreements and enjoy Singapore tax
resident status.
Limited liability of members.
Only a foreigner or local entrepreneurs
aged 18 years or above are allowed to
apply for company registration in
Singapore and for directors of private
limited companies, there is no age cap.
5. Company Name
For company registration in Singapore, one must
obtain approval for the new company name.
Resident Director
There is a requirement of at least one Resident
Director who can be a citizen, permanent
resident, or someone with a valid employment
pass or dependent pass. The number of local
and foreign directors who can be appointed is
not fixed. Directors need not to be a shareholder
in a company.
6. Shareholders
There can be shareholders between 1 and 50
who can be individuals or entities, whether local
or foreigners. There is a requirement of
minimum of one shareholder. There is 100%
foreign ownership allowed.
Company Secretary
After company registration in Singapore, there is
a requirement of appointing a qualified company
secretary, i.e. a natural person living in
Singapore and not a sole director or shareholder
within six months of incorporation under the
Singapore Companies Act.
7. Paid-up Capital
At the time of company registration in Singapore,
there is a requirement of minimum paid up
capital of S$1 which can be increased at any
time after incorporation.
Registered Address
For company registration in Singapore there is a
requirement of registration of local business
address whether residential or commercial but
not a post office. In Singapore, there is a scheme
under which, homeowners are permitted to
conduct operation of small-scale businesses on
residential premises, which is also applicable on
HDB and private properties.
8. 1. On first
S$300,000 of
annual profits,
8.5 % tax is
levied and
thereafter, 17
%.
2. Dividend or
capital gains
taxes are not
levied.
Tax Exemptions
8.5% tax on
first S$3,00,000
annual profit
No tax on
dividend or
capital gains
9. The records of director and shareholder are
publicly accessible on a fixed fee.
Foreigners can not self-register a company in
Singapore.
There is no requirement of Singapore visa, to
have a company in Singapore. You can
operate a company from anywhere in the
world, however, there is a requirement of
local director living in Singapore.
To locally operate the Company there is a
requirement of Employment Pass or
Entrepreneur Pass.
10. Documents
Required for
Incorporation
in Singapore
Name Of
Company
Description of
Business
Activities
Registered
Address
Details
Details of the
Company
Secretary
Memorandum
and Articles of
Association
Shareholders’
Details
Directors’
Details
11. 1. Name Reservation
Before company registration in Singapore,
the Singapore Government approves
company name. The Registrar oversees
the whole process. In the process of name
approval there are certain words which
slowdown the process such as law, media,
bank and finance. Use of such words can
delay the whole process by days or weeks.
12. 2. Company Registration
After the name approved by Registrar of
Companies, application for company
registration in Singapore and documents will
be processed in few hours. The procedure of
company registration in Singapore is easy but
the application can be delayed also. The
application might get delayed when people
from certain countries apply which implies
that additional interrogations are required to
be performed by the government authorities.
14. Incorporation in Singapore is a short and
easy process, with no hectic procedures
and no lengthy documents. The only fact
that needs to be taken care of is that you
need a resident director for the purpose of
incorporation and the necessary
requirements need to be fulfilled. If
someone takes care of all these
conditions, anyone can easily establish his
company in Singapore.
Editor's Notes
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list yourself for chats with customers and also list empty office space. www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb: 9971002715