Singapore

Singapore serving as a hub for international businesses. Its highly diversified economy features key sectors such as finance, manufacturing, technology, and logistics. With an efficient government, stable political environment, and business-friendly legal system, Singapore is a strong advocate of global free trade, boasting numerous bilateral and multilateral trade agreements, making it an ideal international trade hub.

Contact Us
Singapore

In Singapore , foreign investors have three main options for company

formation: "Private Limited Company," "Branch Office," and "Exempt Private Company." Among these options, the "Private Limited Company" is the most popular choice. Additionally, when establishing a Private Limited Company, it can have a maximum of 50 members.

Company Name
The company must be in English and should end with "Private Limited" or "Pte., Ltd."
Registered Capital
There is no minimum capital requirement, but capital verification is necessary.
Company Directors
A minimum of one director must be a Singapore citizen, Singapore permanent resident, or Employment Pass holder. Directors cannot be corporate entities, while shareholders have no restrictions.
Board Meetings
There are no restrictions on meeting locations, and proxy attendance is allowed. However, the Annual General Meeting of shareholders must be held annually and reported within one month after the meeting.
Company Secretary
A local company secretary must be appointed, and if there is only one director, they cannot hold the position of secretary. The secretary must be a member of ACIS (Association of Chartered Secretaries Singapore).
Company Taxation
Singapore follows a territorial tax system. Therefore, as long as an offshore company does not earn income locally and does not remit funds, it is entirely tax-exempt. If there is income, it is subject to an 18% tax rate.
Company Information
Annual reports and audited accounts must be submitted annually.
Financial Reporting
Annual reports must be submitted to the Companies Registry, along with audited accounts submitted to the Inland Revenue Department.

When considering foreign investments , understanding tax-related information is crucial

In Singapore , corporate tax, personal taxation, and measures to avoid double taxation are the primary factors that attract foreign investors.

Zero Tax Overseas Income Capital Gains No Double Taxation (the situation where the same income or asset is subject to taxation by multiple different tax authorities).
Dividends
Income
Low Tax Rates Corporate Up to 17%
Individual Up to 22%
Singapore adopts a territorial tax system , which means taxes are levied based on the source of income.

Singapore , as a destination for establishing offshore companies, offers the following advantages

Applying for a Singapore Visa
You can apply for an Employment Pass (EP) from the Ministry of Manpower (MOM) in Singapore when planning to relocate to Singapore for employment purposes.
Low Tax Rates
Singapore offers relatively low corporate income tax rates and various tax incentives.
Multilingual Environment
Singapore's official languages include English, Chinese, Malay, and Tamil, facilitating operations in a diverse cultural environment for multinational businesses.
Knowledge-Based Economy
Singapore is competitive in knowledge-based industries such as high technology, biotechnology, and fintech.
High Quality of Life
Singapore provides high-quality education, healthcare, and overall living standards, attracting international professionals.
Representative Office
Singapore allows the establishment of a Representative Office, suitable for overseas companies engaged in market research and client liaison.
Singapore

The requirements and documents for registering a bank account when incorporating a company in the Singapore Islands are as follows

Company Documents

Certificate of Incorporation 、Business Registration Certificate 、Articles of Association (AOA)

Director's Identification Documents (Passport and ID Card), Proof of Entry

Business Proof

Director and Shareholder Address Proof

Customer and Supplier Information

Relevant Bank Statements or Financial Proofs

In conclusion, Singapore offers foreign investors an excellent tax regime, but it is crucial to carefully consider the regulatory requirements for each option to ensure the success of your business in this opportunity-rich market. If you require more information about establishing a company in Singapore, you can consult the Neil Professional Advisory Team. We will provide you with detailed guidance and support.

Singapore Corporate Banking Services

For banking services, we recommend selecting a reputable international bank. Banking in Singapore provides a diverse array of account options, including multi-currency, internet banking, phone banking, checking accounts, savings accounts, signature cards, and credit cards. Furthermore, for your convenience, the Neil team will aid you in opening an international bank account once your business registration in Singapore is finalized. There is no necessity for you to make an in-person visit, and you will receive direct email notification once the account is established.

Investment Migration
Investment Migration Service Features Service Process
Management Consultant
Establish Overseas Company Establish Taiwan Company Consulting Services Family Asset Planning
Product and Pricing
Product and Pricing
About Us
About Us Contact Us Privacy Policy Terms
Related Website
PHIN Group Prince International Real Estate BlessVO
Copyright © 202ˋ Neil Innovation International. All Right Reserved.
PHIN Group Prince International Real Estate BlessVO