Singapore Company Incorporation, Singapore Offshore Companies

Singapore is located at the southern tip of the Malaysian Peninsula. It is strategically placed along the major shipping and air routes of Asia and because of this it is the major nerve centre for trade and investments in the region. The most commonly used official languages are English and to a lesser extent, Chinese, Malay and Tamil which are also official languages. Type of law is Common Law.

Requirements for incorporation of Singapore Company

• Minimum one resident director is required. There is no limit on the number of additional local or foreign directors a Singapore Company can appoint.
• Minimum 1 shareholder or maximum 50 shareholders who can be person or company from anywhere in the world
• Every company must appoint a qualified company secretary within 6 months of its incorporation. The company secretary must be a natural person who is ordinarily resident in Singapore.
• Registered address in Singapore

Characteristics of Singapore offshore corporations

• Tax paid by a company on its income is the final tax and all dividends are exempt from further taxation.
• Resident and non-resident companies are taxed on income accruing in or derived from Singapore as well as on foreign income remitted into Singapore.
• The corporate income tax rate is 8.5% for profits up to S$300,000 and a flat 17% above S$300,000. A newly incorporated company enjoys 0% tax rate on the first S$100,000 taxable income for each of the first three tax filing years.
• Minimum paid-up capital of S$1 is required.
• The words "Private Limited" or "Pte. Ltd." must be part of the name.

Required Information for Incorporation of Singapore Company

• The name of Singapore offshore company must be approved by the Company Registrar before incorporation.
• Copies of ID cards or passports of shareholders and directors (we can provide nominees if required) and copy of utility bill.
• Registered address of the company (if unavailable, we can prepare for you)

If you have questions about Singapore offshore companies registration please contact us.