Company Incorporation In Singapore
Looking to incorporate a company in Singapore?
Over the years, our team has helped numerous businesses set up and maintain their companies in Singapore. We get your company registered, ensure statutory compliance is met and open a corporate bank account – all done in no time!
Why set up a business in Singapore?
Singapore ranks 2nd among 190 economies in the Ease of Doing Business indicator, according to the findings of the World Bank’s annual “Doing Business” 2020 report. In fact, Singapore has been ranked among the top 3 economies in the Ease of Doing Business rankings for the past 14 consecutive years. What makes Singapore such an attractive place to set up your business here? You may ask. To answer your question, we have listed down the many benefits of forming a company in the city-state.
Tax Benefits
- Low Corporate Taxes
- Tax Exemption Scheme for New Start-Up Companies
- Partial Tax Exemption on First $200,000 of Chargeable Income
- Double Tax Deduction Scheme for Internationalisation (DTDi)
- Pioneer Certificates Incentive (PC) and Development &
- Expansion Incentive (DEI)
- Dividends are tax-free
- Capital gains are tax-free
- Tax reduction and even exemption imposed on foreign income
Pro-Business Environment
- Ranked as the world’s most open and competitive economy in the world in the World Economic Forum’s Global Competitiveness Report 2019
- Came in second in The Global Talent Competitiveness Index 2021, the leading annual benchmark on talent competitiveness, ranking 134 countries on how they grow, attract and retain talent
- Ranked as Asia’s top financial center by the Global Financial Centres Index (GFCI 32) 2022
- Open immigration policy
- Free trade
- Excellent infrastructure
- Strategic geographical location
- Educated and productive workforce
- No restrictions on repatriation of profits or import of capital
- Stable political and economic climate
- Well-developed capital markets and financial system
Which type of company should I register?
Private Limited companies are the most common type of business entities registered in Singapore.
A private limited company is limited by shares, and is a separate legal entity where shareholders are not held liable for the company’s debts beyond the amount of share capital they hold. Moreover, it is also acknowledged as a taxable entity, hence it can be tax efficient for the corporate body.
What are the requirements I need to meet?
1. Corporate Secretary
The Accounting and Corporate Regulatory Authority mandates that every company registered in Singapore must appoint a secretary within 6 months from the date of its incorporation. The company secretary must a Singapore resident and is responsible for several administrative and reporting functions stipulated under Section 171 of the Companies Act. These responsibilities include filing of the company’s annual returns, share transfers, registration of board members, recording of meeting minutes and filing of board resolutions.
2. A Registered Address
All companies are required by law to have a local registered address for legal correspondences.
3. Local Director (Nominee Director)
The Companies Act requires that every company appoint at least one director who is a resident in Singapore. However, the Nominee Director will not be involved in your company’s daily operations but is appointed simply to ensure compliance and satisfy Singapore’s regulatory requirements.
Need our help?
Why choose Corecentric?
Fast Incorporation
Registration of company can be done within 15 minutes. That’s how efficient we are!
One-Stop Solution
We provide Nominee Director services, a registered local address, corporate secretary and bank account opening assistance – you name it, we have it.
Zero Paperwork
We prepare and file all the documents for you so you don’t have to do anything on your end.
No Travelling Required
Everything is done online. We collect your documents via the chat, fill out the application and send them over to you to e-sign.
Remote Bank Opening
We partner with traditional and online banks to help you expedite the entire bank account opening process. More importantly, you can do this without having to step out of your house.
What’s included in our package?
Company Incorporation
Company registration on Accounting & Corporate Regulatory Authority (ACRA)
Purchase of company name
Business profile
Company constitution
Includes S$315 government fees
Corporate Secretary
Corporate Seretary for 1 year
Preparation & filling of annual return (Includes S$315 government fees)
Preparation & filling of Annual General Meeting (AGM)
Registered address for 1 year
Business Bank Account
SGD/Multi-currency corporate bank account
Corporate cards
Transfer locally & overseas
Nominee Services
(If required)
Local director for 1 year (6 months if applying for Employment Pass. Get in touch with us Employment Pass application assistance)
Get started today
Discover how our expert consulting can transform your business.