Singapore

Introduction to Company Registration

Home to the world’s top-ranked Changi Airport and first-class ports, Singapore is a renowned global financial and trade center, boasting a perfectly developed tourism, communications, finance, education, and free economy system. Currently, Singapore has become one of the most popular international metropolises for investors worldwide. An increasing number of Chinese entrepreneurs are also registering companies in Singapore as a powerful springboard for domestic enterprises to go global.

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Establishment

Advantages of Singapore Companies

Fast Processing Speed

Registration can be completed in 3-5 days

Low Corporate Tax Rate

One of the countries with the lowest tax rates globally, with a maximum corporate tax rate of 17%

Multi-currency Corporate Accounts

Multi-currency corporate accounts can be opened

Free Flow of Capital

No foreign exchange controls

Unique Geographical Location

Perfect springboard for entrepot trade

Flexible Equity Distribution

Foreign companies and individuals can apply for 100% ownership

Build an International Brand

International financial center, enhancing corporate image

Global Market Orientation

Perfect bilingual environment, enhancing international competitiveness

Opportunities for Immigration and Settlement

Immigration passes can be applied for after successful company registration

Pre-application Preparation

Complete the registration form

Scanned copies of passports and ID cards (front and back) for all foreign shareholders and directors; proof of address (local ID card with address information, or bank statements, utility bills, telephone bills, etc., from the last three months)

Company

Registration Process

1

Fill out the registration form
Pay the fees

2

Background check

3

Prepare a full set of registration documents
Sign and return

4

Submit registration application

5

Successful registration

6

Schedule an appointment to open a bank account

Female office staff team summarizes the budget for the annual executive presentation.They analyze the graph and use the calculator.

Singapore

Introduction to Corporate Taxation

  • No foreign exchange controls or capital gains tax
  • No capital gains tax or inheritance tax
  • No Goods and Services Tax (GST) required for annual turnover under SGD 1 million
  • Entrepot trade companies are not required to pay Goods and Services Tax (GST)
  • Maximum corporate income tax of 17%, with new companies enjoying partial tax exemptions
  • No tax on shareholder dividends

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