Singapore Offshore Company Formation Service

 
Singapore Feature Image

Singapore is an excellent choice for incorporation with modern banking, finance and telecommunications infrastructure, and a dynamic workforce.


Singapore has a very robust economy with business-friendly legislation, a large number of double taxation treaties, an attractive tax regime, no currency controls and offers complete foreign ownership. Note that local directors are a requirement, which we can provide.

 

Key Features

 
Company type Private Limited Company (Pte Ltd)
Information published relating to company officers The names of directors and shareholders appear in the Public Registry. One of the directors must be resident in Singapore.
Confidentiality High level of anonymity and privacy.
Accounting requirement Yes, annual reports required.
Taxation 17% above SGD 300,000, 8.5% below
No taxation on the profits earned abroad or from financial securities however a company is liable to pay tax in Singapore on income that is:
  1. accrued in or derived from Singapore; or
  2. received in Singapore from outside of Singapore.

Under Section 10(25) of the Income Tax Act, income from outside Singapore is considered received in Singapore when it is:
  1. remitted to, transmitted or brought into Singapore;
  2. used to pay off any debt incurred in respect of a trade or business carried on in Singapore; or
  3. used to purchase any moveable property brought into Singapore (e.g. equipment or raw materials connected to your business).
Legislation Singapore Companies Act 1963.
Standard Currency Singapore dollar (SGD)
Stability Singapore is a very stable jurisdiction and has an excellent reputation.
Communication Very efficient communication means.
Time zone Convenient world time zone: GMT+8
Secretary required Yes
Paid up capital requirement No paid up capital requirement (1 SGD)
Renewal Date Anniversary date of the company / Each Year
Basis of legal System Under Common Law.
Minimum directors/shareholders Minimum of 1 director/1 shareholder
One of the directors must be resident in Singapore.
Bearer shares Bearer shares are not permitted.
 
 

Banking Options for Singapore

We assist our clients in identifying the best banking solution for their particular needs from a variety of providers.

 
 

 

Singapore is Recommended For

 
Real Estate Holdings
Traders and Investors
Advisers, Consultants and Counselors
Electronic Commerce and Digital Transactions
Business Holdings
Inheritance and Estate Planning
Expatriats and Offshore Workers