WHY CHOOSE Singapore FOR YOUR BUSINESS?
Explore the unique advantages that make Singapore a top choice for
global entrepreneurs and investors.
TAX EFFICIENCY
Singapore offers competitive tax rates, supporting business growth and regional expansion.
HIGH PRIVACY PROTECTION
Comprehensive privacy laws safeguard corporate and financial information.
SIMPLE SETUP PROCESS
Get your company up and running in just 1-5 business days.*
ASIAN FINANCIAL CENTER
Gateway to Southeast Asian markets with world-class infrastructure.
INCORPORATE YOUR COMPANY IN Singapore
IN 5 SIMPLE STEPS
IN 5 SIMPLE STEPS
1
COMPLETE OUR APPLICATION FORM
2
UPLOAD DOCUMENTS
3
COMPANY GETS INCORPORATED SUCCESSFULLY
4
ADDITIONAL SERVICES ARE PROCESSED
5
MANAGE YOUR COMPANY VIA OUR CLIENT PORTAL
GET STARTED
Singapore OFFSHORE
COMPANY FORMATION
COMPANY FORMATION
The Tax System in Singapore
Good to Know
For the past decade, Singapore is the only Asian country with the top AAA sovereign rating from all major credit rating agencies, including S&P, Moody's, and Fitch. To register your company in Singapore, a local director is mandatory. SFM provides local nominee directors.
Main Characteristics
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.
Accounting requirement
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:
Under Section 10(25) of the Income Tax Act, income from outside Singapore is considered received in Singapore when it is:
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:
- accrued in or derived from Singapore; or
- 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:
- remitted to, transmitted or brought into Singapore;
- used to pay off any debt incurred in respect of a trade or business carried on in Singapore; or
- 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.
One of the directors must be resident in Singapore.
Bearer shares
Bearer shares are not permitted.
Documents Required
A certified copy
of your passport, a certified copy of proof of domicile dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**
of your passport, a certified copy of proof of domicile dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**
CUSTOMER
TESTIMONIALS
TESTIMONIALS
WHY BUSINESSES CHOOSE US FOR COMPANY FORMATION
December 18, 2024
Fast and reliable service. Account manager was responding fast and always to the spot. 
October 17, 2024
Helpful, proactive and good communication and very fast delivery of the requested service. Excellent!
September 19, 2024
Brilliant assistance, always swift and professional replies, generally speaking... happy with SFM
August 2, 2024
The service renderade was proactive, engaged and well excecuted.
READY TO SET UP YOUR Singapore COMPANY?
Take the first step toward a successful business setup in Singapore with trusted support every step of the way.
Start my company formation
FREQUENTLY
ASKED QUESTIONS
ASKED QUESTIONS
Have questions about starting your business with SFM? We’ve got
answers. Here’s everything you need to know about our company
formation process, pricing, and ongoing support.
-
What type of company do you register in Singapore?
The type of companies that we setup in Singapore is known as a Private Limited company (Pte Ltd company). It is a legal entity similar to a Limited Liability Company (LLC) that can have a limited number of shareholders, and its shares are not available to the public. -
Do I need to travel to Singapore at any point to setup my Pte Ltd company?
No, the registrar of companies (The Accounting and Corporate Regulatory Authority “ACRA”) in Singapore is extremely efficient and all formalities can be completed remotely. -
Do I need to submit accounts for a Singapore Pte Ltd company?
Yes, accounts should be submitted to the registrar of companies (The Accounting and Corporate Regulatory Authority “ACRA”). SFM, through its partners' local accountants, can take care of this formality for you.
We will contact you in due course and ask you for your company financial documents to be able to produce accounts on your behalf. Documents required are usually bank statements, invoices, contracts, and receipts. -
How can I know if my Singapore Pte Ltd company will be tax liable?
-
Will my data be publicly available once I form a Singapore Pte Ltd company?
Singapore Pte Ltd company officers' names appear in the Public Registry. -
Will my liability be limited if I setup my company as a Singapore Pte Ltd company?
The shareholders’ liability in a Private Limited Company (Pte Ltd) is typically limited to the amount of shares respectively held by them. -
How many directors and shareholders should I appoint to my Singapore Pte Ltd company?
A minimum of one shareholder and one singapore resident director should be appointed while registering a Singapore Pte Ltd company. If you are not a singapore resident then two directors (at least) must be appointed.
One of the directors must be a singapore resident and you will be appointed as a second director.
The necessary local singapore resident director services are obtained through SFM and our agent in consideration of the professional director service fees. -
How easy is it to open an account for a Singapore Pte Ltd company?
If you would like your bank account to be opened in Singapore, this is possible and will require your visit to Singapore to meet the bank as the ultimate beneficial owner. Otherwise, we may assist in opening a bank account remotely in other countries. Generally speaking, Singapore companies are very well regarded internationally, and therefore opening a bank account is usually not a problem. Obviously, this will be subject to the bank's own decision and due diligence requirements.
Still have questions?
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