Private Limited Company

Singapore is one of the leading international financial centers in the region; offshore investors that want to incorporate a company in Singapore will have the advantage of being close to major banks, financial institutions, investment management companies and accounting and legal firms. It is the world leader in foreign trade and investment with least corrupt economy in the world.

Advantages and Benefits

  • Limited Liability for shareholders
  • 100 % foreign ownership
  • Legal entity on its own; separate from its shareholders and directors
  • Multi-lingual jurisdiction
  • Straightforward and stable tax system
  • Low or no withholding tax on overseas dividend received by the holding company
  • No capital gains tax levied
  • Tax efficient legislation with a broad treaty network of more than 70 double taxation agreements in force.
  • No controls or restrictions on repatriation of profits to investors
  • No public disclosure of beneficial ownership information
  • Highly efficient infrastructure
  • Transferrable of ownership, either wholly or partially.
  • Effective corporate tax rate of 17% on income sourced in Singapore
  • Minimum share capital
  • Minimal annual statutory filling fees
  • Multiple classes of shares
  • Shareholders are not liable for the company’s debts beyond its subscribed share capital.

Exempt Private Company

    Exempt private company is a private limited company, of which all shares are not held directly or indirectly by any corporation and which has not more than 20 members. It is also exempted to account auditing if the annual revenue is less than $5 million.

Jurisdiction
Singapore
Type of Entity
Private Limited
Type of Law
Common Law
Shelf Company available
Yes
Time to establish a new company
3-5 working days
Taxation on Foreign income
Nil
Double Taxation treaty access
Yes
Standard currency of share capital
SGD$
Other permitted currencies of capital
Any
Minimum paid up share capital
SGD$1
Usual authorized share capital
SGD$ 100,000
Minimum number of Directors/Managers
1
Local Directors/Managers required
Yes
Publicly accessible record of directors/managers
No
Locations of directors/managers meeting
Anywhere
Location of members meeting
Anywhere
Minimum number of shareholder
1
Company secretary required (Local/Qualified)
Yes
Requirement for audited accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
No
Requirement to file annual return
Yes
Change in Domicile permitted
No
Requirement to prepare accounts
Yes
Bearer shares
No

Related Documents       Corporate Profile