| Singapore Company Formation Detail | |
|
 |
| Background |
|
| |
Political stability: |
Stable |
| |
Legal system: |
UK common law |
| |
Company type: |
Limited Company |
| |
Disclosure of company information: |
Protected |
| |
Oversea profit: |
Non-taxable |
| |
Chinese Company name registration: |
Impossible |
| Company formation Regulation |
|
| |
Minimum shareholder: |
One |
| |
Minimum director: |
One |
| |
Corporate director: |
Impossible |
| |
Company Secretary: |
Necessary |
| |
Standard Share Capital: |
S$ 500,000
(Extra fee if excess) |
| Local Regulation |
|
| |
Registered address or Registration Agency: |
Necessary |
| |
Local Company Secretary: |
Necessary |
| |
Local Director: |
At least one |
| |
Local meeting: |
Not necessary |
| |
Director List storage in Company Registration Office: |
Necessary |
| |
Shareholder List storage in Company Registration Office: |
Necessary |
| Annual Regulation |
|
| |
Annual Report: |
Required |
| |
Annual Auditing: |
Required |
| Estimate Duration and Fee |
|
| |
Duration for New Company Formation: |
30 working days |
| Shelf Company |
Not Available |
| |
|
|
|
|
|
 |
Located in the southern part of Peninsular Malaysia, one of the Four Asian Tigers, one of the busiest financial and trading centers in the world. Its port cargo throughput volume is one of the highest in the world, similar to Hong Kong. |
| |
|
|
Singapore is famous of its strict legal system, actually their government take a very careful monitor over their administration |
| |
|
|
Singapore legal system is base on the UK common law |
| |
|
|
Singapore company profit tax is around 20% |
| |
|
|
Singapore had signed International agreement to prevent double taxation and protect investment |
| |
|
|
Singapore has good and effective system for oversea investment, all profit made outside Singapore will not be taxed |
| |
|
|
| Advantage and aim of formation | |
|
|
|
Registration capital need not paid up and can setup bank account anywhere in the world |
| |
|
|
No any tax for offshore Singapore company |
| |
|
|
No foreign exchange control make it easier to raising fund |
| |
|
|
Corporate is allowed for property trading |
| |
|
|
Stable political, economic and trading environment |
| |
|
|
Company beneficiary interest is protected by the government, as their information is not disclosed to public |
| |
|
|
Company Director and Shareholder interest is protected by the government, as their information is not disclosed to public |
| |
|
|
Register a company in Singapore helps to get business or working visa easier |
| |
|
|
No regulation over company name |
| |
|
|
Singapore has good business environment |
| |
|
|
|
|
|
Company name:
Company name should be in English, and should be ended with “LIMITED, CORPORATION or INCORPORATED” or their short form, such as LTD, CROP. Company name should not include “Trust Company”, “Bank” or similar wording unless approved by their government. |
| |
|
|
Standard Share Capital:
Standard registration share capital is S$ 500,000. |
| |
|
|
Director:
At least one, corporate director is not allowed, and at least one director should be Singapore citizen, resident or employment visa owner |
| |
|
|
Shareholder:
At least one, no nationality limitation, individual or corporate is also allowed. We suggest using a holding company to manage the ownership of the Singapore Company. |
| |
|
|
Company Secretary:
Necessary and they should be local resident, normally provided by us and included in service fee. Listing company should employ one qualified local secretary, but the secretary cannot be director of the company. We also provide annual auditing service, and local auditor should do audit. |
| |
|
|
Registration agency/Registered address:
Necessary. Require one local authorized registration agency. We will provide Registered address and its fee is already included in the registration fee and annual fee. Registered address should be actual operation address, not just a mailing box. |
| |
|
|
Required documents:
| 1) |
Company name |
| 2) |
Directors and shareholders information (address prove, nationality, passport or ID card copy) |
| 3) |
Share allocation list (if more than one shareholder), share capital need not paid up |
| 4) |
Professional sponsor letter |
|
| |
|
|
|
|
| Stage One: |
Name search (Company name should be drafted by you or enquiry for shelf companies’ name) |
| |
|
| Stage Two: |
Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy); Confirm company structure, share allocation and fill in the related application form |
| |
|
| Stage Three: |
Signing appointment agreement and related government documents and pay the first payment |
| |
|
| Stage Four: |
We will inform you once the registration completed, and please sign for collecting company kits and settle the last payment |
| |
|
| Stage Five: |
After-sale management service enquiry (if necessary) |
| |
|
|
|
|
| We have many shelf companies ready for sales. We can also registration name company with you chosen name; we also provide name search service. Company document will be well prepared in folder. |
| |
|
| Our company kit includes: |
| 1 |
Certificate of Incorporation |
| 2 |
Company Memorandum and Articles |
| 3 |
Director Appointment Documents |
| 4 |
Director and Shareholder list |
| 5 |
Provide public telephone and fax |
| 6 |
Company Chop 1 Set |
| 7 |
Metal Chop 1 Set |
| 8 |
Share book |
| 9 |
hare transaction Contract (Shelf Company Only) |
| 10 |
Folder Box (filing all the above documents) |
|
|
Back
|
|
|
