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Offshore Company in Singapore

Jurisdiction Advantages

  • A rational tax system with low tax rates
  • Strategic geographical location
  • No restrictions on repatriation of profits or import of capital
  • Access to Tier-1 Banking
  • Efficient process for incorporating and running a new company
  • 3-5 Days Incorporation Time
  • 17% Taxation
  • ✓ Auditing & Accounting
  • ✓ Annual Returns
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Singapore Company Formation

$3,490.00

You will Get

  • Name Check & Approval
  • Incorporation of Singapore PTE
  • Filling of Documents with ACRA
  • Provision of Registered address for 1 year
  • Provision of registered office and corporate secretarial service for one year
  • Provision of local nominee director (obligatory) for one year
  • Soft Copy of Documents
    • $0.00
    • Optional Services Items: $0.00
    • Company Incorporation Package: $3,490.00
    • Total: $0.00

    The Process

    How Does it works?

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    Order your company online.

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    Submit KYC Documents.

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    Your Company is Incorporated.

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    Your Company is Incorporated.

    Key Information You Need To Know

    Our Services

    Below are the services included in the package :

  • Name Check & Approval
  • Incorporation of Singapore PTE
  • Filling of Documents with ACRA
  • Provision of Registered address for 1 year
  • Provision of registered office and corporate secretarial service for one year
  • Provision of local nominee director (obligatory) for one year
  • Soft Copy of Documents

    • Shipping of the original documents to your address will require an extra charge of courier fees , please refer to optional services above.

    Documents Required

    For Each Director , Shareholder & Ultimate Beneficial Owner

  • Notarised/Certified Passport Copy
  • Notarised/Certified Copy of Driving License or National ID
  • Notarised/Certified Proof of Address (not older than 90 days )
  • Bank or Professional Reference Letter

    • Please provide below, if the company has corporate shareholder :

  • Certificate of incorporation
  • Memorandum and articles of associations.
  • Articles of Incorporation
  • Register of Directors & Shares

    • All the documents must be presented in english , if the document is not in english , a certified translation in english will be required.

    Corporate Information

    Min Directors/ Shareholders – 1

    Taxation
    Singapore registered companies enjoy very attractive tax exemptions and incentives. Your company pays less than 9% for the first S$300,000 annual profits and 17% flat after that for Year Assessment 2010-2012 on income sourced in Singapore. There are no capital gains or dividend taxes on Singapore companies. Excellent tax benefits and business reputation of Singapore are the key reasons why entrepreneurs fr om around the world prefer to form a company in Singapore.

    To support entrepreneurship and to help Singapore local enterprises grow, a newly incorporated company that satisfies the qualifying conditions can claim for full tax exemption on the first $100,000 of normal chargeable income (excluding Singapore franked dividends) for each of its first three consecutive Year Assessments.

    A further 50% exemption is given on the next $200,000 of the normal chargeable income (excluding Singapore franked dividends) for each of the first three consecutive Year Assessments.

  • First S$100,000 @ 100% = S$100,000
  • Next S$200,000 @ 50% = S$100,000
  • Total S$300,000 = S$200,000

    • To qualify for the tax exemption for new startups, your company must:

  • be incorporated in Singapore (other than a company limited by guarantee);
  • be tax resident* in Singapore for that year assessment. A company is resident in Singapore if the control and management of its business is exercised in Singapore;
  • have no more than 20 shareholders throughout the basis period for that year assessment where: a) all of the shareholders are individuals beneficially and directly holding the shares in their own names; OR b) at least one shareholder is an individual beneficially and directly holding at least 10% of the issued ordinary shares of the company.

    • Accounting : For companies with an annual turnover of over S$5m, annual audited accounts are required to be filed with the ACRA; the accounts must be audited by a qualified Singaporean auditor. However, exempt companies are not required to have their accounts audited and annual accounts can be filed without audit. To be defined as an exempt company, the following conditions must be met: members of the company must not exceed 20, members of the company should be individuals and not corporations, and annual turnover should not exceed S$5m.

    Share Capital There is no specific minimum capital requirement. The standard authorised share capital is US$1,000. The minimum issued capital may be one share of no par value, or one share of par value. Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights are permitted.

    Annual Returns – In order to prepare annual returns, bookkeeping and preparation of unaudited accounts or audited accounts is required. The deadlines for these documents for the first financial year are based on the date of the company’s incorporation. For the next years, the dates are fixed.

    Registered Office & Agent – Required ( Included in our package )

    Recurring/Annual Fees – Annual Renewal Fees – $1300 , includes below :

  • Provision of registered office and registered address
  • Provision of registered agent
  • Payment of annual government fee