Setting up a Singapore company can be fast and cost-efficient. At Worldwide Fellow, our experts are readily available to assist our global clients to register a company in Singapore. The services include company formation, providing local nominee directors, and opening corporate bank accounts.
On average, your Singapore company can be registered within one working day upon submitting the necessary documents.
Typically, the process of incorporating your new Singapore legal entity can be as fast as one business day, as soon as we have received all necessary documentation in order.
• Choose a business entity: Our team of experts will reach out to you and advise you on the different types of companies in Singapore that best fit your business profile. The most common option for offshore companies in Singapore is a Private Limited Company (Pte Ltd).
• Choose a company name: Concurrently, we will thoroughly search the local Registrar’s Index of Names for the availability of your desired company name and reserve it. The company name has to be unique and not in use by another business.
• Appoint directors and shareholders: A company in Singapore must have at least one director and one shareholder, who can be individuals or corporate entities. At least one director must be a resident of Singapore. We can provide resident nominee directors and shareholders, if necessary.
• Completing all documents: Subsequently, we will collect information and assist you with the necessary documentation and registrations with the relevant authorities for your Singapore entity.
✓ Providing Nominee Services (Director / Shareholder)
✓ Opening of a Corporate Bank Account with International Banks
✓ Providing a Local Address or Serviced Office
✓ Setting Up Accounting and Bookkeeping Services
✓ Setting Up Auditing Services
✓ Obtaining a Business License (if necessary)
✓ Register for Taxes
And you’re done! After the successful incorporation of your new Singapore entity, you are all set to carry out business worldwide. We will courier over the relevant incorporation documents to your preferred address for your safekeeping. Time of delivery varies depending on your location.
Depending on the type and nature of your business that you’re setting up, the minimum paid-up capital varies. The minimum paid-up capital for a private limited company can be as little as SGD$1.00
However, businesses that are in regulated industries, would require higher paid-up capital requirements.
Every company incorporated in Singapore will be required to register a local address.
Having a local address is essential for your business to be easily located for mail, especially from local authorities.
No. It is not required for you to be physically present in Singapore for the incorporation process. Our team of experts will assist you every step of the way.
Yes, taxes are charged from business activities in Singapore or any income received in Singapore.
Corporate taxes in Singapore can be as low as 0% -17% while personal income tax can be anywhere from 0% – 20%.
However, foreign-sourced income is exempted. In addition, Singapore does not have capital gains tax, nor a dividend tax.
Ready to incorporate in Singapore? Talk to our experts today and get your Singapore company up and running in no time!