Singapore Company Registration

Singapore is located in the heart of Southeast Asia and is an ideal bridge connecting Asia with the rest of the world, facilitating import and export trade and regional business cooperation. Singapore has signed free trade agreements with many countries and regions, providing convenience for enterprises' cross-border operations. The corporate income tax rate for companies registered in Singapore is 17%, and corporate income tax can be reduced or exempted in the first three years. In addition, Singapore is tax-free for overseas dividend income and has signed double taxation avoidance agreements with many countries, further reducing the tax burden of enterprises. Singapore's financial market is highly open, and companies can freely receive and pay foreign exchange and realize free conversion between different currencies, which greatly facilitates the settlement of international trade payments. In addition, the Singapore Exchange, as one of the important financial centers in Asia, provides companies with convenient listing and financing channels. As an international financial center and trade hub, Singapore is highly recognized in the global business field, which helps to enhance the image and credibility of enterprises and facilitates the expansion of international market business. Companies that register companies in Singapore and conduct physical operations and taxation have the opportunity to obtain family relocation opportunities in Singapore and apply for green cards. This not only provides entrepreneurs with a higher quality of living environment, but also injects new vitality into the long-term development of enterprises.

Table of Contents

Singapore Company Registration Advantages Singapore Company Registration Process Singapore Company Registration Conditions Singapore Company Registration Fees Singapore Company Documents Singapore company bank account Singapore Company Tax Singapore Company Supporting Services

Singapore Company Registration Advantages

01 superior geographical location, commercial advantage radiation Southeast Asia and the world, excellent trade and logistics center;

02 Very low business and personal taxes, the best place for the transfer of personal assets;

03 Loose foreign exchange controls, the gathering place of global banks, the premier international financial center;

04 mature credit system, strict business norms, the most secure business country;

05 The five-hour flight distance makes it more convenient to take care of the business between Singapore and China;

06 registered Singapore company, and meet the corresponding conditions, the opportunity to immigrate to Singapore

Singapore Company Registration Process

1) Company Approved Name

2) Sign the entrustment contract and fill in the application form.

3) Pay the registration fee and formally submit the application

4) Government approval

5) Obtaining documents

Singapore Company Registration Conditions

company Name: Ordinary company with PTE. LTD. End; Singapore Foundation with foundation LTD. Or LTD ending.

Shareholder directors: Ordinary company, at least 1 local director; public company at least 2 directors (including 1 Singapore)

registered capital: the standard capital is S $10,000, with no strict time limit for payment and no stamp duty.

Scope of business: Our company provides project list for customers to choose (no more than 2 items), and special industries need special approval from the government.

Legal Secretary: Division I can serve

registered address: provided by our company

Singapore Company Registration Fees

the registration fee includes Singapore government fees and agency service fees, etc. For details, please consult Zhuoxin's professional consultants.

Singapore company registration time

singapore ordinary company registration time: 1-2 weeks

singapore public company registration time: 2-3 weeks

Singapore Company Documents

1: Company business license

2: Announcement of Establishment

3: Registration Paper

4: Certificate of Shares

5: steel seal, oval seal, 1 each

6: Letter of Authorization for Registered Directors

7: Business Secretary Authorization Document

8: Registered Address Announcement

9: First Board Resolution

10: The Charter

Singapore company bank account

optional banks: DBS Bank, OCBC Bank, UOB, Standard Chartered Bank, RHB, Citi, etc.

The specific account opening bank can consult Zhuoxin account opening consultant.

Singapore Company Tax

singapore is a low tax country. Standard corporate tax: 17%, with progressive tax rates.

1. tax benefits for newly established companies:

for newly incorporated companies in the first three tax years after incorporation:

taxable income of S $100,000 and up to: Exempt from taxation

taxable income between S $100,001 and S $300,000: halved, equivalent to a tax rate of 8.5 per cent

taxable income exceeding S $300,000: tax rate 17%

2. for established companies, Singapore's tax policy is as follows:

taxable income of S $10,001 and up: 75 per cent exemption, equivalent to a tax rate of 4.25 per cent

taxable income between S $10,001 and S $300,000: halved, equivalent to a tax rate of 8.5 per cent

taxable income exceeding S $300,000: tax rate 17%

starting from 2020, the year of assessment will be subject to new preferential tax policies. For example, the pre-tax profit of a Singapore company for the first three tax years after its establishment is 100000 S dollars, with a 75% tax reduction. 50 per cent tax relief between S $10 and 200000.

Singapore Company Supporting Services

1) Singapore company annual audit

all companies must hold an Annual General Meeting (AGM) every year, submit annual income statement, beneficial owner information, electronic register of directors/secretary/auditor/CEO, change of company information.

The annual review includes: acting as the annual legal secretary, the registered address of the Singapore company, the annual fee for new directors, providing business secretarial services, and preparing information for the annual general meeting.

2) Tax declaration

-For companies with operations, the annual audit must be carried out: accounting + accounting report + tax declaration.

-Information to be provided: annual bank flow + invoice + commission agreement (if any)

-- Documents after accounting: balance sheet, profit statement, trial balance sheet, accounting report issued by the accountant according to the financial report (1 copy)

-- Documents for government tax returns: tax calculation signature form +2 returns after submission to the government.

3) Change/Transfer to Secretary/Cancellation

zhuoxin enterprises to provide Singapore company change, transfer secretary, cancellation and other supporting services, specific can consult our professional consultants

(This website is not affiliated with the Accounting and Corporate Regulatory Authority of Singapore (ACRA) or any Singapore government agency. We provide third party consulting and company registration support.)