Company Registration

Singapore Company Registration

Table of Contents

Singapore Company Registration SINGAPORE

With its open market, efficient government services and competitive tax policies, Singapore is an ideal choice for global entrepreneurs to expand their businesses. Whether you are a start-up or a multinational corporation, you can find the right business structure here. In this article, we will systematize the core processes, common problems and compliance points of Singapore company registration to help you land your business efficiently.

 

FIRST Core Benefits of Singapore Company Registration

No statelessness restriction: foreigners can 100% holdings, no foreign exchange control.

Low tax policy: Corporate income tax up to 17%, new companies enjoy tax exemption for the first 3 years.

Efficient registration: 1-2 working days to complete, the whole process online.

Global Business Hub: facilitates expansion into Southeast Asia and international markets.

 

Second Registration Process Details

1. Selection of company type

  • Private Limited Company (Pte Ltd) (Recommended): Independent legal entity with limited liability for shareholders.

  • Sole proprietorship/partnership: suitable for self-employed persons but with unlimited liability.

  • Branch/Subsidiary/Office:

  • Subsidiaries (Subsidiary): Independent legal person with tax benefits.

  • Branch: The parent company is jointly and severally liable.

  • Office (RO): market research only, not operational.

2. Determination of the name of the company

  • Subject to name verification through the ACRA BizFile+ system.

  • The name should end with "Pte Ltd" and should not be a duplicate of an existing company or contain sensitive words.

3. Preparation of registration documents

  • Director Shareholder Details: At least 1 local director (Singapore Citizen/PR/Work Pass holder).

  • Company Secretary: A licensed secretary needs to be appointed within 6 months of registration.

  • Registered Address: Singapore local address required (no PO Boxes).

  • Note: If there is no local director, a compliant nominee director can be provided through a professional organization (not an individual's casual nominee, registration is required).

4. Submission of applications

  • Submit online through ACRA

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Third Company maintenance and taxation

Annual turnover over S$1 million requires GST registration (tax rate 9%).

Corporate income tax is levied at 17% on profits, and new companies enjoy a tax exemption.

Compliance maintenance: annual reports, financial reports, and general meetings of shareholders are submitted annually.

 

Singapore Company Registration Q&A

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Q1: Does registered capital need to be paid up?

No out-of-pocket contributions are required, but a set amount of S$100,000 is recommended to enhance bank trust.

Q2: What are the duties of a titular director?

Ensure the company operates in compliance, assist in bank account opening, annual audit and signing of legal documents. It is not recommended to find an individual titled, need to be appointed through a professional organization.

Q3: Is it possible for a foreigner to hold 100% shares in a Singapore company?

Wholly foreign-owned ownership is allowed, but one local director and secretary must be appointed.

Singapore company registration process is simple, but compliance details determine the stability of long-term operations. Entrepreneurs are advised to plan ahead for director selection, registered capital and tax structure to ensure smooth operation of their business. For further assistance, please contact us via QR code for a customized solution. Start your Singapore business journey!

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