- 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
Singapore Company Formation
You will Get
How Does it works?
Order your company online.
Submit KYC Documents.
Your Company is Incorporated.
Your Company is Incorporated.
Key Information You Need To Know
Below are the services included in the package :
Shipping of the original documents to your address will require an extra charge of courier fees , please refer to optional services above.
For Each Director , Shareholder & Ultimate Beneficial Owner
Please provide below, if the company has corporate shareholder :
All the documents must be presented in english , if the document is not in english , a certified translation in english will be required.
Min Directors/ Shareholders – 1
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.
To qualify for the tax exemption for new startups, your company must:
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 :