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Checklist On Setting Up A Company In Singapore

 

Incorporation

Personalized 1 to 1 service to set up your company within 24 hours by EBOS Cloud Accountants.

Corporate Secretary

6 months complimentary company secretarial services with EBOS when you incorporate with us.

Nominee Directors

You need a local director who is a citizen or permanent resident of Singapore to set up a company.

Registered Office

Unlimited scanning of letters to your Dropbox/email when you start using our address as your registered office.

Relocation To Asia

The global economy still shows no signs of significant recovery but Singapore is still a gateway to Asia.

Hiring Manpower

Human capital is an asset to advance your business goals. Find out your next step.

Employment Pass

With an Employment pass, you can easily travel in and out of Singapore without any hassle.

Intellectual Property

Led by our legal expert partner, your trademark will be done in the most efficient way.

Why Singapore Is The Top Choice For Business?

LOW TAX RATE

 
  • Start-up Companies Tax exemption for setting up a company.
  • Non-Start Up Companies Corporate tax rate at 17%.
  • Tax Rebate will be extended to YA 2019 at 20% of the corporate tax payable, subject to a cap of $10,000.
  • Usually, corporate taxes for incorporation companies are only 8.5% up to S$300K profits due to very attractive tax rebates for start-up companies.
  • No capital gain, dividend or estate/inheritance taxes in Singapore.

POLITICAL STABLE & SECURED ENVIRONMENT

 
  • Singapore provides a politically stable environment to entrepreneurs to setting up a business in Singapore.
  • Entrepreneurs will find ease of setting up business within 24 hours. As a regional business centre in Asia, it is one of the best choices to have a headquarter in Singapore.

FREE TRADE AGREEMENT

 
  • Robust Trade Eco-System Singapore has established 76 DTAs (Double Taxation Agreements) and 20 FTAs (Free Trade Agreements).

EASIER ACCESS TO CAPITAL

 
  • Capital funding is easy with multiple banks providing SME loans that are supported by the government. Crowd funding, venture capital and various legitimate financing facilities are readily available to aid entrepreneurs.

STRONG INTELLECTUAL PROPERTY LAW

 
  • Protection for your ideas and innovations is easy and straightforward at $1,200 onward.

What Are The Types Of Company?

COMPARISON

SINGAPORE EXEMPTED PRIVATE COMPANY LIMITED BY SHARE (EPC)

 

PRIVATE COMPANY LIMITED BY SHARES (PC)

 

PUBLIC COMPANY LIMITED BY SHARES

 

Features

A company limited by Singapore is a separate legal entity for overseas business owner who want minimal cost to set up business.
A separate legal entity with a corporate shareholder.
It can be listed on a stock exchange and raise capital by issuing shares and debentures.

Pros

Great for start-up company because the audit exemption for any company with less than $10 million in turnover and its flexibility in obtaining loan easily with banks.
Great for company who would set up a subsidiary and benefits for reduced corporate rate for 1st 3 years.
Great for company actively looking for investors.

Cons

Unable to have more than 20 members.
Unable to obtain additional by issuing shareholder to more than 50 members.
Auditor must be appointed within 3 months and auditor must be prepared within 6 months of Financial Year End.

Minimum Shareholder

1 member.
1 member.
More than 50 members.

Maximum Shareholders

20 members.
50 members.
Unlimited.

Most Popular

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