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Singapore Company Formation

Singapore is one of the leading international financial centres. A Singapore incorporated company may be deemed resident or non-resident depending on its place of central management and control.

A non-resident company which does not derive any income locally and does not receive income in Singapore from outside Singapore would not be liable too income tax in Singapore. Only profits that are derived from or arise in Singapore, or any foreign-sourced profits remitted back to Singapore, are subject to tax (at 17%, subject to exceptions).

Incorporation Services

Formation of Limited Liability Company in Singapore Company Formation

Package Includes:

  • Name approval and registration
  • Company Incorporation
  • Payment of all Government Registration Expenses
  • Rubber stamp
  • Registration with Accounting and Corporate Regulatory Authority (ACRA)

Package includes the following set of corporate documents:

  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Certificate of Director and Secretary
  • Certificate of Shareholders
  • Certificate of Registered Address
  • Appointment of First Directors
  • Share Certificate
  • Company Corporate Register

Nominee Services

Appointment of Local Director (mandatory). 

A minimum of one director is required.  One director must be a resident of Singapore and this director remains personally liable for the compliance by the Company with local laws, and this director remains liable for those obligations even after resignation. 

A compulsory Refundable Security Deposit of USD2,500 has to be held as a guarantee against future winding-up costs in view of personal liability of a Resident Director.  The deposit will be fully refunded if this service is no longer required. 

Appointment of Nominee Shareholder(s).

Nominee (or Trustee) Shareholders will be holding the Company's shares for the benefit, and under the instructions, of the client(s).

Appointment of Statutory Secretary.

It is obligatory for all Singaporean companies to have Company Secretary appointed.

Provision of Registered Office Address.

It is mandatory for all Singaporean Companies to have their Registered Office Address situated in Singapore.

Additional Services

General Power of Attorney issued by the director for the benefit of the client(s), valid for 12 months.

A General Power of Attorney grants the client, or an agent of the client, with broad powers to represent, and act for, the Company before third parties, authorities and institutions.

Special Power of Attorney issued by the director for the benefit of the client(s), valid for 12 months.

A Special Power of Attorney, also known as Limited Power of Attorney, grants the client, or an agent of the client, with particular authority to represent, and act for, the Company for particular, specified, matter (i.e. such as for the opening of bank account in XXX Bank or for the execution of a particular agreement).

For receiving and forwarding correspondence, letters etc.

Certificate issued by the Company secretary verifying the Company’s current status.

Issued by the Inland Revenue.

A Certificate of Good Standing is a certificate issued by the Registrar that shows that the Company has met its' statutory obligations and that it is duly registered and validly existing.

Please refer to the Bank Account Opening section of this website.

Facts & Info about: Singapore Company Formation

Limited Liability Company

  • Minimum Share Capital: S$1
  • Minimum Number of Shareholders: One
  • Minimum Number of Directors: One
  • Bearer Shares Allowed: No
  • Corporate Directors Permitted: No
  • Company Secretary Required: Yes
  • Shelf Companies Available: Yes

  • Registered Office / Agent: Yes
  • Local Directors: Yes (if a nominee resident director is appointed then two shares must be held in trust by the agent)
  • Local Secretary: Yes
  • Local Meetings: No
  • Government Register of Directors: Yes
  • Government Register of Shareholders: Yes

  • Annual Return: Yes
  • Submit Accounts: Yes

  • A non-resident company which does not derive any income locally and does not receive income in Singapore would not be liable too income tax in Singapore.
  • Minimum Annual Tax / License Fee: Nil

2 - 3 weeks