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How it Works?

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How it works?

How it works?

Upload your personal documents
Company gets registered
Additional services such as Bank account are processed
receive your company documents by courier
 

Banking Options

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Singapore Company
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.
Confidentiality
High level of anonymity and privacy.
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:
  1. accrued in or derived from Singapore; or
  2. 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:
  1. remitted to, transmitted or brought into Singapore;
  2. used to pay off any debt incurred in respect of a trade or business carried on in Singapore; or
  3. 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.
Bearer shares
Bearer shares are not permitted.
Documents Required
for the Creation of the Company
A certified copy Certification of the passport can be made by a notary, bank, lawyer or accountant. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport (or identity card), as well as proof of domicile dated less than three months.**






Jurisdiction News


Singapore Anti-Financial Crime Bill now in force

15 March 2019
Singapore’s Serious Crimes and Counter-Terrorism (Miscellaneous Amendments) Bill, now in force, makes it an offence [..]
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The How and Why: Redomiciling your Business in Singapore

21 March 2018
Political stability, attractive tax policy and strong trading links both across Asia and beyond it are just some of the reasons many businesses redomicile to Singapore. Here, we go into further detail about why should consider this smart move and how to go about doing it.[..]
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Business boom: 4,675 new firms formed in Singapore every month

9 September 2014
Everyone is scrambling to get to the city. [..]
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* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.