Registration of companies in Singapore
from 3990 c.u.
The Republic of Singapore, Singapore is a city-state located in Southeast Asia.
It is worth considering Singapore as a fairly successful jurisdiction that can not only strengthen the reputation of your business, but also significantly expand your horizons.
Our specialists will advise you on any issues and intricacies of registering a company in Singapore. We guarantee to demonstrate the high level of professionalism in the shortest possible time.
What is important to know
Registration of a company in Singapore has a number of subtleties, and it is very important to pay attention to them.
The registration of the company itself is possible having the legal address of this company.
Control over the functioning of companies in Singapore is carried out at the legislative level.
Contact our lawyers and get a free professional consultation.
What types of companies are the most common
In Singapore, there are 3 types of companies that are usually the most popular:
- Companies with unlimited liability
- Companies limited by shares
- Companies with liability limited by guarantee
Is it possible to create an offshore company in Singapore?
Since Singapore belongs to countries with preferential taxation, it is impossible to register an offshore company here. However, there are some peculiarities of doing business in Singapore, such as the absence of taxes for certain categories of companies.
For example, some funds are exempt from corporate income tax if:
- if they are of foreign origin
- there are no transfers to a bank account in Singapore
And some other conditions. However, note that this also means that Singapore is not included in the list of “black countries”, which allows you to work around the world.
Taxation and reporting
The corporate income tax rate for resident companies is 17%. There are a number of exceptions how you can get different benefits to reduce the costs.
All companies shall keep accounting records and report in a certain way.
An audit is required.
Lack of currency control.
Important points when opening a company
On the example of opening a company limited by shares, you can see how the process takes place.
Also this form is the most popular.
There are some features that are important to pay attention to if you are planning to do business in Singapore.
- Authorized capital is not established, but usually the amount of it starts from 1000 USD
- It is necessary to have licenses for certain types of activities
- Issuance of shares is allowed
- The company must have the legal address
- Registration of nominee resident and non-resident shareholders is possible
Here are just a few features, contact us and get your first consultation absolutely free.
How long does it take to open a company?
On average, the entire process can take from 1 to 2 weeks. It is necessary to prepare the correct package of documents, pay attention to all the details, and also be personally present when applying. A third party may act by the letter of trust.
In order for the whole process to go as smoothly as possible, please contact our lawyers.
Is it possible to open a company in Singapore on your own?
Nominally, to open a company, you need passport of a citizen, however, due to the many subtleties, the process can be difficult if you have not done this before.
Contact our specialists and you will receive a complete set of documents for registering the company you need. Moreover, during the free consultation process, our lawyers will tell you about the most difficult moments.
