CONDITIONS OF INCORPORATION OF A COMPANY IN SINGAPORE

CONDITIONS OF INCORPORATION OF A COMPANY IN SINGAPORE

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Characteristics of Singapore Limited Liability Companies (Limited)

  1. Registration of a company with 100% foreign investment;
  2. The minimum amount of paid-in capital is SGD 1, while the shares are issued without specifying par value (par value); 
  3. Prestige of the jurisdiction; 
  4. 1 shareholder and 1 individual director (one of the directors must be a resident of Singapore, nominee service is available); 
  5. For private companies, a 4.25% tax rate on the first S$100,000 of taxable income, half the standard rate applies on the next S$200,000 of income; 
  6. Standard taxable income rate of 17% on income over S$300,000 per annum; 
  7. Possibility to get an exemption from mandatory audit (subject to a number of conditions) otherwise the audit is mandatory; 
  8. Territorial taxation principle: if the company’s management is located outside Singapore, profits from foreign sources are not subject to taxation in Singapore, provided that they are not remitted to Singapore; 
  9. The company must have a registered address and a secretary permanently resident in the Republic of Singapore.We provide this service to our Clients.
     

Prices for registering a company in Singapore and its subsequent support

 Registration of a company in the first year of activity – 5500 euros; 

Renewal of the company (payment after 1 year of activity) – 4100 euros; 

Assistance in opening a bank account – from 2500 euros,

An account in one of the payment systems – from 1500; 

Virtual office – from 300 euros / month; 

Any of the relevant documents (Certificate of Good Standing; Incumbency) – 1300 euros for 1 document (the document implies the following: the company fulfills all its obligations, activities are not suspended); 

Nominal service depends on the purchased service (considered for 1 year): 

Nominee director (opening an account is not included in the service) – 2250 euros; 

Nominee director plus local bank account – 3750 euros;

Nominee director plus foreign bank account – 7500 euros.

If you are interested in registering and incorporating a company in UAE Andumpark Limited can help. Simply send us an email or call now to take your business to the next level!

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