SINGAPORE INFORMATION

Singapore consistently ranks as one of the top most competitive and profitable places for business investors. Singapore today is a reputable financial centre, a key regional trading centre, the world's busiest port, and a top location for investments and doing business.

Advantage

• 100% foreign ownership allowed
• Company incorporation in 1 day
• Minimum 1 shareholder and 1 director
• No taxes on first 100K taxable income annually for first three years of a new Singapore company;
• Only 9% tax rate on taxable income of up-to 300K annually starting YA 2008
• Low overall flat tax rate of 18% on taxable income above 300K
• Zero taxes on capital gains and dividends in general
• Immigration visa (entrepreneur pass) available for company owners wishing to relocate to Singapore to run their new Singapore company
• No exchange controls or restrictions on repatriation of profits

REQUIREMENT

Capital

There are no minimum paid-up capital requirements for a Singapore company registration. A Singapore company can be registered with a minimum of S$1.

Shareholder

Minimum 1 Shareholder, can be an individual or a corporation. There is no requirement for shareholder(s) to be resident in Singapore.

Director

As per Singapore Companies Act, a Singapore company can have one or more resident or non-resident directors. Minimum requirement is one director.

However as per Singapore Company Registration Laws, at least one of the company directors must be ordinarily resident in Singapore i.e. a Singapore citizen, a Permanent Resident of Singapore or an expatriate holding a valid employment pass may act as the resident director. We can provide Nominee Director service to meet this statutory requirement, if you do not have a local resident director.

Company Name

All business entities require approval of proposed name prior to company registration in Singapore. We will do this step as part of our Singapore company registration process.

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