2 mins video Singapore is one of the world's leading international financial centres, third most globalized economy among 60 of the world’s largest economies, a major capitalist service economy characterized by low taxation and free trade. Singapore is the best ease of doing business over the world as World Bank. Singapore private limited company is most popular and easier for foreigner.
All business and bank account outside Singapore is tax-free (Offshore Status), Singapore Formation requires a minimum of one Local Director who is Singaporean citizen.
Singapore Private Limited Company Formation (Pte. Ltd), initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 3 working days or 2 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Singapore Corporate Regulatory Authority (ACRA) system. Our services included Local Secretary who is local Singapore citizen.
You settle the payment for Our Service fee and official Singapore Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Singapore Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in Singapore, European, Hong Kong or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your Singapore Pte. Ltd formation completed, ready to do international business!
Director/Shareholder's Residential Address Proof(s) (for example: Electricity/Water/Phone bill...not older than 03 months)
We can have your company approved by and registered with the Accounting Corporate Regulatory Authority (ACRA) within 1 day once receiving signed documents from you.
Yes, all Singapore companies must have a Singapore registered address
A Singapore company can be registered with a minimum paid up capital of S$1 (or its equivalent in any currency). Standard amount we prefer is S$ 10,000
We can support the whole process online.
Yes, once company get done, we will go on supporting to open bank account in some the following banks:
OCBC, DBS, MayBank, UOB
Yes, in some banks you can open a multi-currency intergrated in the only account. And some banks require you need to deposit respectively for each type of currency . It depends on your choice of bank the specific account chosen.
All banks in Singapore require clients’ personal visit, so your presence is required
Each bank has its own different regulations, It depends on which bank you choose and which package you are interested in
With Singaporean company and bank account there you need to pay tax no matter where you run business or all income is derived from Singapore you are subject to tax also.
Yes, it is necessary for a Singapore company to have at least one director who is a local resident. In order to qualify as a local resident of Singapore, the individual has to be a Singapore citizen, a Singapore permanent resident or an Employment Pass holder (the employment pass must be from the same company where the individual wants to be a director). Furthermore, the local director must be a natural person above the age of 18 years and not a corporate entity. Foreign companies or entrepreneurs who wish to incorporate and operate a Singapore company can either A) have a foreign executive relocate to Singapore to act as the resident director (subject to the approval of their work pass); or B) use the nominee director service of a corporate services firm to meet the resident director requirement.
A company is considered dormant during a period in which no accounting transaction occurs.
A dormant company does not need to have its accounts audited and can file unaudited accounts.
Even if a company was dormant, it is mandatory to hold AGM and file Annual Return.
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