Private Limited Company in Singapore

Singapore is an island nation, both a city and a country, located just off the southern tip of Malaysia in Southeast Asia.

Private Limited Companies that have their central management and control located outside Singapore are not liable for Singaporean tax on foreign source income which has not been remitted into Singapore. Incorporation of an offshore company in Singapore can be completed within one week with a share capital of only 1 SGD. By opening a Singapore Private Limited offshore company, your business will be taken seriously by stakeholders, such as your employees, bankers and other professionals you will be dealing with, as this country is not considered a tax haven.

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Singapore offshore company for who and for what?

  • Entrepreneurs;
  • Consultants;
  • International trade;
  • Commerce on the Internet;
  • Stockbrokers / Forex traders;
  • Protection of movable and immovable property;
  • Inheritance purposes;
  • Intellectual property holding rights.

Why to choose Private Limited Company?

  • Full tax exemption for newly incorporated companies;
  • No dividend or capital gains taxes;
  • Good infrastructure, developed capital markets, an educated workforce and a low crime rate are considered to be further attractions in addition to the tax benefits;
  • There are not any restrictions for foreigners as shareholders or directors.

The main characteristics of Singapore offshore company

General:
Type of entity Resident/Non Resident, Private Limited
Type of law Common
Shelf company availability Yes
Our time to establish a new company 3 – 5 days
Corporate Taxation 0% on the profits earned abroad
Double taxation treaty access Yes
Official Currency Singapore dollar (SGD)
Time zone Convenient world time zone: GMT+8
Official languages English, Malay, Mandarin, Tamil
Government Unitary parliamentary constitutional republic
Confidentiality Anonymity as well as privacy is of high importance. There is no disclosure of the beneficial ownership to any authorities.
Stability Stable jurisdiction with excellent reputation
Share Capital or Equivalent:
Standard currency SGD
Permitted currencies Any
Minimum number of issued shares One
Minimum paid up 1 SGD
Usual authorised 100 000 SGD
Directors:
Minimum number One
Local required Yes – one
Corporate Directors permitted Yes
Publicly accessible records Yes
Location of meetings Anywhere
Shareholders:
Minimum number One (Corporation or Individual)
Publicly accessible records Yes
Location of meetings Anywhere
Company Secretary:
Required Yes
Local or qualified Yes
Accounts:
Requirement to prepare Yes
Audit requirements Yes but there are exemptions
Requirement to file accounts Yes but there are exemptions
Publicly accessible accounts Yes but there are exemptions
Other:
Requirement to file annual return Yes
Change in domicile permitted Yes

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