How to incorporate a company in Singapore?

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 company formation requires a minimum of one Local Director who is Singaporean citizen.How to incorporate a company in Singapore? 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 See more : 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!Read more: Singapore company formation Singapore offshore bank account×How it works?

What are the names that are prohibited to use for Singapore Company?

Are there any restrictions on company name in Singapore?While you can easily register for a new business in Singapore, you should be careful when choosing your company name. It is advisable to perform a name check to make sure that your company name can be approved for registration by the Singapore Accounting and Corporate Regulatory Authority (ACRA) in the first place. Here are the applicable restrictions for a new company name in Singapore. Undesirable. Your company name will be rejected if it contains offensive or vulgar words; Identical to an already available company name in Singapore Identical to an already reserved company name. There are companies in Singapore that have not been incorporated but have already registered their business name as a reservation to ACRA. Business names are reserved for at least 60 days, and up to 120 days. This is why anyone who plans to set up a new business in Singapore must perform a proper company name check. Prohibited by order of the Minister for Finance. The word Temasek is prohibited to be used as a company name. Currently, this is the only word which the Minister has directed the Registrar not to accept for registration.. Certain words such as “bank”, “insurance”, “university”, and “education” are not in the criteria for Singapore company name restrictions, but are strictly used under Government authorities and will require permission before you can set up a new business.

What is the required documents for incorporation of a company Singapore?

Recently, incorporating a Singapore company is one of the most popular business options for sea changers. In addition, the Singaporean Government brings attractive tax incentives for startups and preferential policies which help them during their initial days.However, the process of incorporating a Singapore company could be a burden for foreign business, as there are a few required documents that need to be filled and submitted to the Government. To shorten the process, foreign investors usually hire a corporate service provider to help incorporate a Singapore company for them. Registering for a company in Singapore is simpler than ever with the support of One IBC. We have a local office in Singapore and a team of experts, these professionals can guide you through the procedure for the Singapore company registration, saving valuable time & money.Here are required documents for incorporating a Singapore company: Director/Shareholder's Passport(s) Director/Shareholder's Residential Address Proof(s) (for example: Electricity/Water/Phone bill...not older than 03 months)

How long can a Work Permit holder stay in Singapore?

The duration of the Work Permit (WP) in Singapore is typically 2 years, depending on the worker's working time, security bond, and passport validity, whichever is shorter.As long as the Work Permit is valid, the holders can stay in Singapore to work in the occupation and for the employer specified in their Work Permit card.

What is the minimum share capital requirement for a PLC in Singapore?

In Singapore, public limited companies (PLC) are typically required to maintain a minimum registered capital of S$50,000 or its equivalent in any currency. It's crucial to distinguish between authorized capital and paid-up capital.Authorized capital signifies the maximum share capital a company is permitted to issue, while paid-up capital represents the actual amount of share capital that shareholders have contributed.Furthermore, it's worth noting that the minimum paid-up capital requirements can vary based on the nature of the business and industry. Certain businesses, particularly those necessitating licenses from government agencies, may be subject to higher paid-up capital prerequisites.Paid-up capital holds particular significance for entrepreneurs seeking to register a PLC in Singapore. It serves as a financial resource that can cover operational expenses without relying on reserves or external borrowing. Additionally, a higher paid-up capital can enhance the company's perceived credibility and standing.Contact us Offshore Company Corp to get a consultation for company formation in Singapore!

Why invest in Singapore?

Singapore is the most developed country in Southeast Asia.Tax Incentives, International Ranking, Company Formation process, and Government policies are the main reasons foreign investors and businessmen invest in Singapore.

Attractive Tax Incentives

Singapore’s government offers a variety of tax incentives for businesses and investors such as Corporate Income Tax, Double Tax Deduction for Internalization, and Tax Exemptions scheme.

Read more: Singapore corporate tax rate

International Ranking

The country was nominated as the #1 best business environment in the Asia Pacific and the world in 2019 (The Economist Intelligence Unit) and the top of the Global Competitiveness Index 4.0 after overtaked the United States (The Global Competitiveness Report, 2019).

Singapore Company Formation

The company formation process in Singapore is considered easier and quicker than other countries, the process takes one day to complete given all the required documents are submitted. The process becomes simpler and more convenient when applicants including foreigners can submit their application forms through the internet.

Trade Agreements

Singapore strongly supports free trade and engagement with the global economy. Over the years, the country has developed its network of Trade Agreements within over 20 bilateral and regional FTAs and 41 Investment Guarantee Agreements.

Government Policies

Singapore has been known as the most friendly-environment country for businessmen and investors. The Singapore government has always improved its policies to support businesses.

As the advantages for investors and businessmen are listed above with government policies, Singapore has attracted more and more foreign companies to set up business in the country.

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Why invest in Singapore?

Attractive Tax Incentives

International Ranking

Singapore Company Formation

Trade Agreements

Government Policies

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