Registration fee is from 4000 €
Registration period — 3 weeks
Minimum authorized capital - 1 SGD
Remote opening — yes
Financial statements — yes
The Republic of Singapore is an island nation in Southeast Asia, located south of the Malay Peninsula. The capital of the state is the city of Singapore. Singapore is a member of the UN and the British Commonwealth.
Maira Consult recommends using companies registered in Singapore as financial company, as a shipping or logistics company, for e-commerce or as a crypto company.
Registering a company in Singapore for a start-up is the best option for foreign investors, as Singapore offers favourable tax conditions specifically for start-up. Singapore encourages foreign investors to register new companies. For this purpose, Singapore has a special programme for start-up - Start-up Tax Exemption. The programme is designed for the first three years of operation (the first SGD 100,000 of income is taxed at a rate of 4.25%, the next SGD 100,000 - 8.5%).
International business reputation coupled with low taxes become crucial when registering a company in Singapore.
Our specialists know how to register a company in Singapore and will provide you with highly qualified service and advise you on all issues.
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Tax exemption for non-resident companies
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Stable economic system and high reputation
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100% ownership by non-resident
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Singapore is among the TOP5 international financial centres
A local company secretary (an individual, resident of Singapore) is required.
The name of the company must end with a word, phrase or abbreviation that indicates the limited liability of the company: Limited (Ltd.), Private (Pte.).
The standard share capital is SGD 1 and there are no payment requirements. Сompanies with a paid-up share capital of SGD 500,000 or more become members of the Singapore Business Federation.
At least one director, only an individual resident in Singapore. It is possible to appoint a second non-resident director.
At least one, an individual or a legal entity. There are no requirements for shareholder residency.
All Singaporean companies are required to maintain and submit annual financial statements, undergo an audit. Within 3 months after the company is registered in Singapore, it is necessary to appoint an auditor who is certified in Singapore. A Singapore company may be recognised as a "small" company and exempt from the audit requirement. To be exempted from the audit requirement, a company needs to meet following requirements: 1. The company's total revenue is less than SGD 10 million. 2. The value of the company's assets is less than SGD 10 million. 3. The number of employees is less than 50.
Singapore has a territorial taxation system. The standard corporate tax rate is 17%. The standard GST rate (same as VAT) is 9%. Non-resident companies with accounts outside Singapore are exempt from paying corporate tax.
The state register of companies is public. The information about the company's directors and shareholders is public. Each company is required to maintain a register of controlling persons (beneficiaries) and keep it at the address of its registered office in Singapore. The register is not publicly available, information can be obtained only upon request from the relevant authorities.
The most common form of company incorporation in Singapore is a limited liability company. To register a company in Singapore, you first need to make a request to the company registry to verify the name. Once the name is confirmed, corporate documents are prepared.
Each company member must provide all KYC documents (passport, selfie with passport, utility bill, bank reference, CV).
At this stage, a meeting is held in our office or online, and the registration forms are signed. The originals of the signed forms are sent by courier to Singapore.
In Singapore, there is no requirement to form a share capital. If there is such a need, the share capital is formed after the company is registered in Singapore.
The originals of all signed registration forms and corporate documents required for company registration in Singapore are submitted to the Companies Register. The standard period for company registration in Singapore is 3 weeks.
As soon as a company in Singapore is registered, the registry issues ready corporate documents with the appropriate marks.
If necessary, the documents of the Singapore company are submitted for legalisation and Apostille.
The originals of corporate documents of a Singaporean company are sent by courier service.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207