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Singapore

Geographic Location:
South East Asia
Population:
4,987,600
Native Language(s):
English, Malay, Mandarin and Tamil
Currency:
Singapore Dollar
Political Status:
Democracy
Legal System:
Based upon English Common Law

SINGAPORE
COMPANY FORMATION


First Year
Incorporation cost
SGD 3,600*

Second Year
Maintenance cost from
SGD 6,000 upwards
*

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SINGAPORE COMPANY
The island Republic of Singapore is situated at the southern tip of the Malaysian Peninsula. Strategically located along the major shipping and air routes of Asia, Singapore has excellent international trading links. Singapore was formed in August 1965. It is a British Commonwealth country and retains close links with the British Crown. Offshore investors are well served by representatives of most major international banks, financial institutions, investment management companies, accounting and legal firms. It is also one of the leading international financial centres with an advanced and bustling economy. It thrives on political stability and has an excellent professional and technological infrastructure.

Singapore Private Limited Company
The most outstanding characteristic of a Singapore entity is that it is not perceived as a tax avoidance entity - it is a major trading entity in its own right. The movement of funds is free from any exchange control. This corporate vehicle can take advantage of the lowest tax rates in South East Asia and Singapore’s numerous tax treaties. Corporate Tax is 17% with new companies enjoying a higher percentage of income exempt from tax, and a personal tax exemption for the first $20K of personal income earned.

*First year incorporation cost SGD 3,600 (excluding Provision of Company Secretary and Registered Address)

*Second year maintenance cost
from SGD 6,000 upwards
, including:
  • Compilation of FRS Annual Statements
  • Accounting
  • Corporate tax return
  • Secretarial services & annual return filing
  • Registered address

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