From poverty, relying on the operation of international trade and human capital, Singapore has rapidly transformed into one of the four wealthy Asian tigers, and with its geographical advantages, Singapore is also an important financial and service provider in Asia and one of the shipping centers. Well-educated citizens are also a link between Asian politics and science and culture, with most Singaporeans fluent in at least two languages, English and their mother tongue. Singapore is a multicultural and ethnic society, but also one of the most cosmopolitan countries in the world, the entire city in the green and environmental health effect is remarkable, so it is known as a garden city; Tens of thousands of international companies have benefited from setting up companies in Singapore. 

Singapore Company Advantage

[1] Profits from offshore businesses that are not remitted to a bank account in Singapore are not subject to any taxes in Singapore and only need to be paid annually

[2] Business scope, very few restrictions, follow-up services are simple;

[3] If the annual internal income of an exempted private company does not exceed SGD5 million, the annual accounts are not subject to audit

[4] No exchange controls, free movement of funds, free conversion of various foreign currencies;

[5] The legal system is sound and has access to international credit and financing;

[6] Logistics in and out without tariff;

[7] Low tax and low tax, report tax once a year;

[8] Double taxation protection treaties with multiple countries

Requirements for incorporation of a Singapore company

[1] One or more shareholders and directors

[2] All shareholders and directors must be over 18 years of age

[3] All shareholders must present a copy of a valid ID card or passport and proof of address

[4] Where the enterprise is a shareholder, the enterprise must submit a copy of the business license and the identity card of the legal representative

[5] Directors must be natural persons serving as directors of the company; at least one director shall be a Resident of Singapore

[6] The minimum issued capital contribution is SGD1

[7] Registered address or secretarial company address can be provided in Singapore

[8] The Company Secretary must be a Singapore resident

Time required to apply for a Singapore company

1-5 working days from the receipt of the properly signed file;

Data required to register a Singapore company

1. The name of the company to be used, the name can only be in English, please provide 2-3 alternative company names

2. Determine the registered capital

3. Proportion of shares or number of shares held by each shareholder (e.g. more than one shareholder)

4. Photocopy of the identity of shareholders and directors and passports

5. Confirm the fiscal year

6. A brief description of the main business of the company to be incorporated

The identification and address documents of the above shareholders and directors need to be verified by our staff, notary office, lawyers, accountants or bank directors.