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.
Maira Consult experts are well aware of how to register a company in Singapore and are ready to provide you with high-quality services and detailed advice on any issues. Contact us for professional support!
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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
The presence of a local company secretary is required, who must be an individual and a resident of Singapore.
The name of the company must contain at the end an abbreviation or phrase indicating limited liability, such as: Private (Pte.) or Limited (Ltd.).
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 shareholder is required, which can be either an individual or a legal entity. There are no restrictions on the shareholder's residence.
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 public register of companies is available for public viewing, and information on directors and shareholders is public. Each company is required to maintain a register of beneficial owners (controlling persons) and keep it at its registered office in Singapore. This register is not public and can only be accessed upon request from the relevant government authorities.
The most popular form for registering a company in Singapore is a limited liability company. Before registering, you need to make a request to the company registry to check the availability of the name. Once the name is confirmed, the preparation of corporate documents begins.
Each company founder is required to provide a full set of KYC documents, which includes a passport, a selfie with a passport, a utility bill, a bank reference, a resume, and other necessary documents.
At this stage, a meeting takes place, which can be either online or in our office, where the forms for registering a company in Singapore are signed. After that, the originals of the signed documents are sent by courier to Singapore.
In Singapore, there are no requirements for the mandatory formation of authorized capital. If necessary, it can be formed after the company registration is completed.
The originals of all signed registration forms and corporate documents required for company incorporation in Singapore are submitted to the Registrar of Companies. Usually, the company registration process in Singapore takes approximately three weeks.
Upon completion of the company registration in Singapore, the registry provides ready-made corporate documents with all the necessary marks.
If necessary, the documents of a Singapore company can be sent for legalization and obtaining an Apostille.
Original company documents in Singapore are sent for delivery by courier service.
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