Singapore
Incorporation package includes
- Incorporation of a Singapore company (Pte. Ltd.)
- 1 year Registered Office Address
- 1 year Company Secretary Services
- Preparation of necessary resolutions and documentation
- Ensuring your company remains in good standing
- Providing reminders and support for annual filings and renewals
Why form a company in Singapore?
Tax Benefits
Singapore offers a competitive corporate tax rate (17%) and provides various tax exemptions, including a partial tax exemption for new startups.
No capital gains tax, no dividends tax, and no withholding tax on foreign-sourced income.
Business-Friendly Environment
Singapore is known for its efficient regulatory environment, low barriers to entry, and excellent infrastructure, making it an ideal location for both new businesses and multinational companies.
Global Financial Hub
As a major international financial center, Singapore offers easy access to global capital, banking services, and a well-regulated stock exchange.
Easy Company Setup
Singapore has one of the fastest and most straightforward company incorporation processes, with most companies being registered within 1-2 days.
Confidentiality & Privacy
Singapore provides a high level of confidentiality with no public disclosure of shareholder information and minimal requirements for director details.
Strategic Location
Situated in the heart of Southeast Asia, Singapore provides access to key Asian markets and is an excellent gateway for businesses targeting regional and international markets.
Enjoy Singapore' tax benefits
No Capital Gains Tax
Profits from asset sales are not subject to capital gains tax.
Foreign Income Tax Exemption
Foreign-sourced income is exempt if brought into Singapore under specific conditions.
Partial Tax Exemption
The first SGD 100,000 of normal chargeable income for startups may be tax-exempt.
No Withholding Tax on Dividends
Dividends paid to non-residents are not subject to withholding tax.
Moderate Corporate Tax Rate
Corporate tax rate is capped at 17%, with various incentives available.
Delivery timeline
The incorporation of a Singapore Private Limited (Pte. Ltd.) company is quick and efficient. The typical timescale is 1-3 business days. Here’s the breakdown:
Pre-Incorporation
Choose your company name, prepare the required documents, and decide on the structure.
Company Registration
Submit the necessary documents to the Accounting and Corporate Regulatory Authority (ACRA) for incorporation.
Issuance of Certificate & Documents
Receive your Certificate of Incorporation, Company Constitution, and other necessary documents.
Post-Incorporation
Finalize additional services such as opening a corporate bank account or appointing a company secretary.
Required documents
Once we receive the necessary documents, we will efficiently handle the registration process and ensure your company is set up in full compliance with Singapore’s regulations. To incorporate a Private Limited (Pte. Ltd.) company in Singapore, the following documents are required:
Director Information
- Copy of passport or national ID of each director
- Proof of residential address (e.g., utility bill or bank statement)
- At least one director must be a resident of Singapore (a Singapore citizen, permanent resident, or an Employment Pass holder)
Shareholder Information
- Copy of passport or national ID of each shareholder
- Proof of residential address for each shareholder
Company Name
Preferred company name (subject to availability through ACRA’s online name search).
Registered Office Address
Proof of address for the company’s registered office in Singapore (can be provided by our service).
Business Activities
A brief description of the business activities the company will engage in (to be included in the business profile).
Consent of Directors & Shareholders
Signed consent and declaration from each director and shareholder.
Frequently answered questions
Find answers to common questions about our services and the company formation process. We’re here to provide clarity and support for your business journey.
Is having a local director necessary for a Singapore company?
Yes, it is mandatory to have at least one local director for a Singapore company. The local director must be:
- A Singapore citizen, permanent resident, or a holder of an Employment Pass or EntrePass.
- At least 18 years old and not disqualified under Singapore law.
If you don’t have a local director, Speedy Incorp LLP can provide nominee director services to meet this requirement.
What types of entities can I register in Singapore?
The most common business entity in Singapore is a Private Limited Company (Pte. Ltd.), which offers limited liability and is ideal for local and international businesses. Other structures include:
- Sole Proprietorship
- Partnerships (General and Limited Liability Partnerships)
- Branch Office (for foreign companies expanding into Singapore)
- Representative Office (for market research or promotion, without operational activities).
What are the requirements to incorporate a company in Singapore?
To incorporate a company in Singapore, you need:
- At least one director who is a Singapore resident (can be a citizen, permanent resident, or holder of an EntrePass or Employment Pass).
- One shareholder, who can be an individual or corporate entity (100% foreign ownership is allowed).
- A minimum paid-up capital of SGD 1.
- A local registered address in Singapore.
- Appointment of a Company Secretary within six months of incorporation.
What are the ongoing compliance requirements for a Singapore company?
Ongoing compliance includes:
- Annual Returns: File annual returns with the Accounting and Corporate Regulatory Authority (ACRA).
- Tax Filings: Submit corporate income tax returns to the Inland Revenue Authority of Singapore (IRAS).
- Audit Requirements: Companies meeting certain thresholds must have their accounts audited.
- Annual General Meeting (AGM): Required unless exempted.
- Payroll and CPF Contributions: For companies hiring employees.
Non-compliance may result in penalties, fines, or legal action.
Can I open a bank account for my Singapore company remotely?
Yes, some banks and financial institutions in Singapore allow remote account opening. However:
- Traditional banks often require at least one director to visit in person for due diligence.
- Virtual banks and fintech companies provide fully remote solutions with simpler processes.
Our team at Speedy Incorp LLP can assist with introductions to banking partners that cater to remote account setups.
