|Main corporate features|
|Type of Company||Pte Ltd. (Private Limited)|
|Type of Law||Common|
|Company Registration Period||2-4 working days|
|Taxation||Income tax 17%|
|Sales tax 17%|
|Some income from foreign sources may be excluded from the tax base|
|Double Taxation Treaty Access||Yes|
|Automatic Information Exchange Agreement||Yes|
|Shelf Company Availability||Available|
|Authorized Share Capital|
|Minimum Paid-Up Capital||SGD1|
|Restrictions on the Size of the Authorized Capital||No|
|Bearer Shares||Not allowed|
|The minimum Number of Directors||One|
|Residency Requirements||Yes - at least one director must be resident of Singapore|
|Director - Legal Entities||Not allowed|
|Age Restrictions||18 years and over|
|Board of Directors’ Meeting Location||Anywhere|
|Corporate Shareholders||Not allowed|
|Publicly Available Records||Yes|
|Place of holding of Meetings of Shareholders||Anywhere|
|Age Restrictions||18 years and over|
|Keeping of records|
|Account Filing Requirements||Yes|
|Audit of the Company||Yes (if the annual revenue is exceeding S$5 million)|
The modern legislative base, is based on the Companies Act Cap.50.
Type of Company used for International Business and Investments
Pte. Ltd., Sdn. Bhd., Pte. Limited, Sdn. Berhad - Singapore Company.
Any activities permitted by law.
To conduct certain activities (banking, insurance, trust, tourism, etc.) is required to obtain an additional license.
Obligatory Requirements to Company
There should be a registered office in Sinagapore, local director and a company secretary.
Non-resident company is fully exempt from income tax, and must not carry out their activities on the territory of Singapore, as well as listing all the profits to the banks of Singapore.
Resident companies are required to withhold 17% tax on the profits of the company, provided that the company operates on the territory of Singapore or transfers all profits to the banks of Singapore.
Authorized Share Capital
Minimum paid-up capital for registration of a Singapore company is S$1.00. Suggested authorized share capital is SG$1000 of no par value.
Shareholders and Directors
The minimum number of Shareholders - one (physical or legal person).
The minimum number of Directors - one (only physical person).
The one of directors must be a resident of Singapore.
Singapore Companies Act requires all Singapore Companies to appoint a Company Secretary to handle on-going statutory compliance matters.The Secretary must be only a resident of Singapore. Director of the company can not act as the secretary.
Provision of Fiduciary Services
Disclosure of Information on the Beneficial Owner and Bank Operations
Yes, since the registry of the company is open.
Meetings of shareholders and directors can be carried out worldwide.
Filing of Annual Accounts
Filing of Annual Return
Keeping of Documents of the Company
The operational documentation should be kept at the registered office of the company .
The Signed Agreements on Avoidance of the Double Taxation (DTA)
Singapore has more than 70 agreements on avoidance of double taxation, including Russia, Belarus, Kazakhstan, Ukraine, Uzbekistan.
Registration Time Frame
The company can be registered within 2-4 working days.
With the development of the world community, the number of investors and entrepreneurs who organize their business abroad is also increasing. Using the companies registered in Singapore, is a reliable platform for the international market, as well as an attractive economic zone with preferential tax treatment.
Singapore is an advanced, focused on international standards jurisdiction with modern infrastructure and high levels of business environment.
The banking system of Singapore is one of the most reliable in the world.
If you plan to build your business at the international level with access to all world markets, the company registered with Singapore perhaps best deal.