Singapore Company Formation

Limited Liability Company (LTD)

Minimal business restrictions & tax exemptions on non-local business 

Why choose a Singapore company?


IMPORTANT:
 you must have at least one director and At least one director must be a resident in Singapore. Corporate directors are not allowed. 

Company Structure

Only one shareholder (can also be a legal person, no nationality restriction or residency restrictions)

Privacy

  • Beneficial owners’ details – Not shown on the public record
  • Shareholders’ details – Are shown on the public record, if you wish to avoid it then please purchase a nominee service
  • Directors’ details – Are shown on the public record, if you wish to avoid it then please purchase a nominee service

Tax

Singaporean companies enjoy attractive tax exemptions and incentives. Your company will pay less than 9% on the first $300,000 annual profits and 17% flat after that on income sourced in Singapore. There are no capital gains or dividend taxes on Singapore companies. 

Singapore supports entrepreneurship and help companies grow, a newly incorporated company that qualifies can claim for full tax exemption on the first $100,000 of chargeable income (excluding Singapore franked dividends) for its first 3 years Assessments.

An additional 50% exemption is provided on the following $200,000 of the normal chargeable income (excluding Singapore franked dividends) for each of the first three consecutive Year Assessments.

  • First $100,000 available at 100% = $100,000
  • Next $200,000 available at 50% = $100,000
  • Total $300,000 available at $200,000

To qualify for the additional tax exemption on a new company:

  • Must be incorporated in Singapore.
  • Must be a tax resident* in Singapore for that Year Assessment.
  • Must have 20 or less shareholders throughout the period 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.

Additional benefits

  • Company meetings do not have to take place in Singapore. A new company must hold its first Annual General Meeting within 18 months. Afterwards, a company must hold its subsequent AGM in every year, and no more than 15 months from the previous. 

ACCOUNTING

Annual audited accounts are required for companies with an annual turnover $5m+, these must be filed with the Singapore Registrar; they must be audited by a Singapore auditor.Some companies are exempt, these 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:

You must not have more than 20 members of the company, members of the company should be natural individuals and annual turnover can’t be over $5m.

SECRETARY

Required (must be a natural person and a resident of Singapore)

REGISTERED AGENT

Required

REGISTERED OFFICE

Required

COMPANY NAME

  • Language: Any
  • Letters: From Roman alphabet
  • Company name must end with such words: Private Limited, Limited or such suffixes Pte. Ltd or Ltd.
  • Names Requiring Consent or a Licence: Bank, Financial institution, insurance, fund management, university, Chamber of Commerce and other similar names.

N.B.

  • Restricted connections for company name: name of state, national or local government.
  • Any name that implies illegal activity or implies royal or government patronage is restricted.
  • Registrar may reject any name which it considers undesirable, contrary to the public interest or are politically sensitive.
  • Company name is restricted to be identical or similar that of an existing company.
  • In any case when foreign language is used for a company name a translation must be provided to the Registrar which will ensure the name conforms by the listed restrictions.

Incorporation: 9 working days + delivery time for the courier

Minimum paid up capital: No minimum capital requirement

Singapore Incorporation £6000

(excl. VAT)

Singapore Company Incorporation

Government Filing Fee

Digital Certificate of Incorporation

1 x Printed Certificate of Incorporation

Digital Memorandum & Articles of Association

1 x Printed Memorandum & Articles of Association

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Getting Started

You must provide us with: 

  • A notarized copy of valid passport (of each Shareholder, Director, Beneficial Owner, Authorized Signatory)
  • A copy of proof of residential address (eg. utility bill of each Shareholder, Director, Beneficial Owner, Authorized Signatory that is not older than 3 months) in English

N.B.

  • If Shareholders and/or directors are legal persons, then it is required to submit full set of apostilled company documents and if company is operating more than 1 year it is required to submit certificate of Good Standing.
  • If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.

 CAPITAL

  • Amount of paid up capital

 COMPANY NAME

  • Three company names in order of preference

Upgrades

As standard we provide model Memorandum & Articles as per Companies House

If you provide us with a customised set of Memorandum & Articles

If you want us to provide you with a customised set of Memorandum & Articles

Bank Account Opening available (not in the Singapore region)

Apostille

The legalisation and certification of an official document such as your Company Incorporation Certificate or Articles of Association.

Search

Use our simple online checker to see if your name is available.

Incorporate

Follow our step-by-step process to form your new company within 24 hours. 

Operate

Look through our various packages to begin to run your company the very next day. 

We Provide Free Unlimited Online Support

Help is never more than a click away, our advisers are able to answer any and all of your questions. 

Easy Access

No paper documents are required to be filled and all forms are available online. You will receive the original hard copy of the Incorporation Certificate by mail and all company documents (such as the memorandum & articles of association) will be easily available in PDF form online 24/7.

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400,000

With our innovative and low-cost service, we have taken the difficulty out of establishing a new Limited Company. With expertise honed since 2004, our business specialists have the knowledge to provide a bespoke service catered to your new business’s needs. Over four hundred thousand companies have been incorporated with our pioneering low-cost electronic system.