Incorporation of Company

Incorporation of Company
Back to previous page


Singapore is considered to be one of the most stable countries in the world in terms of politics.The Singaporean economy is one of the most intensively flourishingfinancial systems in the world. The country is a key economic centre of Southeast Asia in such areas as shipping, trade, high-tech, and financial services.

In Singapore, there are no tax-free conditions for companies. However, Singapore’s tax legislation is very favourable for global business as it offers the opportunity to use companies incorporated there in a favourable tax regime.

As a non-resident of the EU, a Singapore PTE company is an appropriate instrument for the purchase of goods in EU countries and their further export to countries outside of the EU. In the event that a Singapore company is used, export from the EU becomes obvious and Vat may be applicable, whereas if a company registered in any EU country is used for this purpose, the seller of the goods may not be sure whether the relevant operation is treated as export from the EU or not and therefore subject to VAT tax.

Singapore legislation provides opportunities for incorporating and operating corporate bodies with a zero rate of tax by means of the Limited Liability Partnership (LLP). A Singapore LLP with foreign members, which does not carry on a business in Singapore and derives no income on Singapore territory, is not liable to tax in Singapore. According to the tax laws of Singapore, a LLP is not considered as a separate subject of taxation. The founders (“Members”) are liable to pay taxes from the profit received by the LLP in their place of residence, in proportion according to their shares of interest in the LLP.


Principal Corporate Legislation: The Companies Act, The Income Tax Act.
Type of Law: Common.
Language of Legislation and Corporate Documents: English
Type of Company for International Trade, Investment & Tax Planning: Private Limited Company.


Singapore Private Limited Company.

Share Capital
The concept of authorised share capital has been abolished in Jan 2006 and the minimum number of issued share is 1.
Classes of Share Available
Ordinary shares, preference shares, redeemable shares.
Bearer Shares
Nor permitted.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in Singapore.
The minimum number of directors is one. Director can be of any nationality and need not be resident but at least one director must be resident in Singapore.
The minimum number of shareholders is one.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Disclosure of Beneficial Ownership to Authorities
Personal Presence Required
Double Taxation Treaty Access
China, Indonesia, Thailand, Malaysia, Philippines, Vietnam, India, Japan, Korea, Australia, New Zealand, South Africa, United Kingdom, Netherlands, Germany, Switzerland, Sweden, France, Belgium, Finland and the United Arab Emirates.
Requirements to File Accounts
Requirement to File Annual Return
Audit Requirements
Singapore dollar (SGD).
Exchange Control
Language of Name
Latin Alphabet.
Restricted Words
Words such as "Assurance", "Bank", "Building Society", "Royal", "Trust Company", "Trustee Company" etc. will require justification.
Name of a Company
The words "Private Limited" or "Pte. Ltd." must be part of the name of every company.
Time to Incorporate
One week subject to name approval.


Cost of Formation: Request a quotation



Card PMT provide the following services in Singapore:

  • Singapore Company Formation
  • Registered Office Services
  • Company Secretarial Services
  • Nominee Shareholder/Nominee Director
  • Opening of Bank Accounts
  • Full Company Administration Services
  • Mailing Address
  • Virtual Office
  • Book Keeping & Audit
  • Trademark Registration

Please contact us for your free initial consultation.


Choose a country on the map


Please contact us for additional information about incorporation of companies in other offshore jurisdictions.


Back to previous page Top