Phone: +44 20 3807 0556
Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Singapore
Company incorporation, bank accounts, accounting services in Singapore
Registration packages
Services
Essential
Standard
Premium
Company registration (Pte. Ltd.)
Annual registered address
Notary services and company seal
Annual resident director service
Annual company secretary service
Remote corporate bank account
Accounting services
Start your company in Singapore
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How you can register a company in Singapore with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Singapore
Singapore is a sovereign island city-state located in maritime Southeast Asia, off the southern tip of the Malay Peninsula. The territory of Singapore amounts to 637.5 square kilometers and is composed of 1 main island and 63 satellite islands and islets, as well as one outlying islet. Singapore has an access to the Straits of Malacca, to the Singapore Strait, as well as to the South China Sea. Singapore has a population of 5.7 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 17%, tax exemptions provided for newly incorporated Pte Ltd. during the first 3 years for the first SGD 100,000 - 75%, for the next SGD 100,000 - 50%
- Dividend withholding tax - 0%
- Interest withholding tax - 15%
- Royalties withholding tax - 10%
- Capital gains tax - 0%
- GST - Standard tax rate 7% or reduced rate 0%
- Personal income tax - from 0% up to 22%.
The following are the most common types of companies to incorporate a company in Singapore as:
- General partnership
- Limited partnership
- Limited Liability Partnership
- Private Limited Company
- Public Company Limited by Shares.
- Individuals or legal entities that are intending to register a company in Singapore can either be resident or non-resident in Singapore.
- A resident or a non-resident individual can be a company director in Singapore. It is, however, required to set up a company in Singapore with a resident as one of its directors and a resident company secretary in Singapore.
- At least 1 shareholder is required in order to register a company in Singapore if such company is incorporated as a Pte. Ltd. (a private limited company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Singapore in order to establish a company in Singapore or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Singapore as a Pte. Ltd. (a private limited company) is just SGD 1.
- Private limited company registration takes between 7 and 10 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Singapore is complete is not publicly available in the state corporate register.
- With our service you can register a company in Singapore and open a corporate bank account completely remotely upon a power of attorney.
Official currency of Singapore is Singapore dollar (SGD).
Economy of Singapore is heavily dependent on exports, with a focus on electronics, technology and pharmaceutical products. Although these sectors constitute a primary part of the economy, the recent growth of the financial services sector has been more significant. Singapore has maintained low barriers to trade as part of an outward looking open economy.
GDP of Singapore currently amounts to more than USD 615.7 billion. The growth of the GDP in 2018 was around 3%, inflation - 0,44%. Export and import volume amounted to USD 323 billion.
Singapore is an advanced, successful free-market economy, featuring an open and corruption-free environment. Globally connected, a pro-business environment with a strong and stable infrastructure to boost and sustain growth and success in a myriad of industries.
Along the traditional engines of growth in the manufacturing and financial and business services, the economic landscape has moved to one that promotes knowledge-based and research-intensive industries. At the same time, there has been a significant growth and development in the biomedical sciences, clean technologies and interactive digital media industries.
Economy of Singapore is heavily dependent on exports, with a focus on electronics, technology and pharmaceutical products. Although these sectors constitute a primary part of the economy, the recent growth of the financial services sector has been more significant. Singapore has maintained low barriers to trade as part of an outward looking open economy.
GDP of Singapore currently amounts to more than USD 615.7 billion. The growth of the GDP in 2018 was around 3%, inflation - 0,44%. Export and import volume amounted to USD 323 billion.
Singapore is an advanced, successful free-market economy, featuring an open and corruption-free environment. Globally connected, a pro-business environment with a strong and stable infrastructure to boost and sustain growth and success in a myriad of industries.
Along the traditional engines of growth in the manufacturing and financial and business services, the economic landscape has moved to one that promotes knowledge-based and research-intensive industries. At the same time, there has been a significant growth and development in the biomedical sciences, clean technologies and interactive digital media industries.
Foreign entrepreneurs expand to Singapore and seek to incorporate a company in Singapore in order to conduct business in the following sectors:
- creative industry
- chemical industry
- high-tech industry
- investment services
- IT.
Benefits of registering a company in Singapore
Business climate
- Large financial center
- No restrictions for foreign investments
- Highly-developed infrastructure
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Corporate income tax exemptions for the first SGD 200,000 of 75% and 50%
- Dividend withholding tax tax rate is 0%
- Double tax treaties with several jurisdictions
Ease of doing business
- Singapore ranks #2 in the global Ease of doing business ranking
- Both the company and the bank account can be opened completely remotely
- Minimum share capital of a Pte. Ltd. company in Singapore is just SGD 1
- No foreign exchange controls
Register your company in Singapore
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