Singapore Company Formation
(Singapore) Private Limited Company (Pte Ltd)
Updated: February 2024
Good to Know:
For the past decade, Singapore has been the only Asian country with a 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 required. BVML provides local nominee directors to meet this requirement.
We proudly serve a diverse clientele of over 2,000 active businesses strategically located in Singapore, providing customized solutions to meet their specific needs and maximize their operational potential in the dynamic Asian market.
- Take Advantages of Singapore Reputable and Credible Images
- Comprehensive Intellectual Property Protection
- Well-developed Capital Markets and Financial Systems
- Attractive Tax Rates compared to other World Leading Business Centers
- Corruption free Regulatory Framework and Environment
- 100% Foreign Ownership and No Exchange Control
Company Structures are Ideal for:
Intellectual Property Ownership (Trademarks, Patents) | International Trade | Financial Corporations | E-commerce Business | Investment Holding Company
REQUIRED DOCUMENTS FOR HONG KONG INCORPORATION
- Passport of each shareholder/beneficial owner and director.
- -**We can appoint a local nominee Director in case you do not want to disclose your name on the public domain, but you will have control over all your structures upon our internal Board resolutions. (250US$ per year per local nominee appointment)
- Proof of residential address of each director and shareholder in English (not required if you are opting for a local nominee appointment service.
- 2 proposed name of company, with suffix “PTE LTD” required by the Singapore government.
INCORPORATION FEES & TIMEFRAME
-
- Timeframe: within 2 to 3 weeks
- 100% successful rate
- Fast, easy & highest confidential via secured systems
- Dedicated support officer (24/7)
ONE-OFF PRICE: US$ 2100
Renewal fee: 250US$ per year
(including yearly financial account & maintenance of company).Package includes a Business Bank Account:
Choices of the following banks:
DBS Bank, Barclays PLC or Hong Kong Bank (HSBC)Package includes an internet banking access:
(DBS Bank, Barclays PLC or Hong Kong Bank)
MAIN CHARACTERISTICS OF A SINGAPORE STRUCTURE
Exempt Private Limited Company (Pte.Ltd)
| General Information | |
|---|---|
| Type of Business Entity | Exempt Private Limited |
| Corporate Income Tax | First SGD 100,000 4.25%. Next SGD 100,000 8.5%. Over SGD 200,000 17%. |
| British Based Legal System | Yes |
| Double Tax Treaty Access | Yes |
| Incorporation Time Frame (Approx., days) | 3 |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | No |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | Yes, a local nominee director/or shareholder is required. |
| Publicly Accessible Records | No |
| Annual Requirements | |
|---|---|
| Annual Return | No |
| Audited Accounts | No |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 699 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee | US$ 550 (incl. Yearly Financial Accounting submission to the Authority & company maintenance) |
Public Limited Company
| General Information | |
|---|---|
| Type of Business Entity | Exempt Private Limited |
| Corporate Income Tax | First SGD 100,000 4.25%. Next SGD 100,000 8.5%. Over SGD 200,000 17%. |
| British Based Legal System | Yes |
| Double Tax Treaty Access | Yes |
| Incorporation Time Frame (Approx., days) | 3 |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | No |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | Yes, we require at least 1 local(nominee director/or shareholder, who is resident of Singapore) |
| Publicly Accessible Records | Yes |
SCOPE OF SERVICES
Exempt Private Limited Company (Pte.Ltd)
1. Company Registration
| Services | Status |
|---|---|
| Name reservation | ✓ |
| Preparation of incorporation documents | ✓ |
| Registration with the Accounting and Corporate Regulatory Authority (ACRA) | ✓ |
| Electronic Certificate of Incorporation | ✓ |
| Resolution to open a bank account. | ✓ |
| Company profile extract from the ACRA | ✓ |
| Share certificates | ✓ |
| Company seal (Optional) | ✓ |
| Company rubber stamp (Optional) | ✓ |
| Our professional fee | ✓ |
| Preparation of compliance corporate kit | ✓ |
| ACRA Compliance Alert & Reminders | ✓ |
| Professional & Filing Fees | ✓ |
| Company Secretarial services for 1 year | ✓ |
| The corporate security deposit* | ✓ |
* Notes: For the provision of our service, we also collect a US$ 500 refundable security deposit. The security deposit will be refunded when you no longer use our service.
2. Government Fee & Office Address
| Services | Status |
|---|---|
| Government Fee | ✓ |
Company registered address for 1 year
|
✓ |
3. Singapore Local Nominee Directors
| Services | Status |
|---|---|
| Singapore companies – a minimum of one Singapore resident director is mandatory (local directors). A resident is defined as a Singapore Citizen, a Singaporean Permanent Resident, or a person who has been issued an Entrepass or Employment Pass.
Notes: If you DO NOT want your name to be disclosed on the public domain, we appoint a local nominee driector/shareholder for a nominal fee of 350$ per year, this fee shall be sent to you in a sperate email by your Service Officer should you choose to use a Nominee Director for your incorporation) |
✓ |
Public Limited Company
1. Company Registration
| Services | Status |
|---|---|
| Name reservation | ✓ |
| Preparation of incorporation documents | ✓ |
| Registration with the Accounting and Corporate Regulatory Authority (ACRA) | ✓ |
| Electronic Certificate of Incorporation | ✓ |
| Resolution to open a bank account. | ✓ |
| Company profile extract from the ACRA | ✓ |
| Share certificates | ✓ |
| Company seal (Optional) | ✓ |
| Company rubber stamp (Optional) | ✓ |
| Our professional fee | ✓ |
| Preparation of compliance corporate kit | ✓ |
| ACRA Compliance Alert & Reminders | ✓ |
| Professional & Filing Fees | ✓ |
| Company Secretarial services for 1 year | ✓ |
| The corporate security deposit* | ✓ |
2. Government Fee & Office Address
| Services | Status |
|---|---|
| Government Fee | ✓ |
Company registered address for 1 year
|
✓ |
3. Singapore Local Nominee Directors
| Services | Status |
|---|---|
| Singapore companies – a minimum of one Singapore resident director is mandatory (local directors). A resident is defined as a Singapore Citizen, a Singaporean Permanent Resident, or a person who has been issued an Entrepass or Employment Pass.
Notes: We can appoint a local nominee director in Singapore, should not NOT want the owner’s name to be disclosed on public. |
✓ |
Singapore Online Incorporation Form
The estimated time to complete the application is 3 to 4 minutes. This form is secured with SSL 128-bit encryption.
US$ 2500< US$2100
Main Characteristics of a Singapore Offshore Company
- Company Type: Private Limited Company (Pte Ltd)
- Information Published: The names of directors and shareholders appear in the Public Registry. One director must be a resident of Singapore.
- Accounting Requirement: Yes, annual reports are required.
- Taxation:
- 17% for income above SGD 300,000
- 8.5% for income below SGD 300,000
- No taxation on profits earned abroad or from financial securities. However, a company must pay tax in Singapore on income that is:
- Accrued in or derived from Singapore; or
- Received in Singapore from outside of Singapore.
- Income Received from Abroad: 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 movable 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 with 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: Common Law
- Minimum Directors/Shareholders: Minimum of 1 director and 1 shareholder (one director must be a resident in Singapore)
- Bearer Shares: Bearer shares are not permitted.
