What types of companies can be opened?
Private Company, Exempt Private Company, Public Company Limited by Shares, Public Company Limited by Guarantee
What are the requirements for company formation in the jurisdiction?
Paid Up Share Capital: As low as $1.00 in any currency.
Compositional and Structural: One Local Resident Director, Local Secretary, and Shareholder (any nationality)
Registered Office:
An operational address in Singapore accessible to the public during normal office hours.
A P.O. Box address cannot be used as a business address.
Annual General Meeting:
Annual accounts must be prepared and submitted within 18 months from incorporation and subsequently every 12 months.
What is the general taxation rate for incorporated companies?
17% yearly. Attractive tax exemptions for new start-ups and small/medium sized enterprises.
What length of time is required to open a company?
It will take 2 working days for the name application and preparation of the Incorporation Documents. The incorporation may be completed within 2 days upon receipt of the original signed documents.
Does the jurisdiction have a DTAA with China or HK? what other major DTAs are in place? What about TIEAs?
Yes. With China, but not Hong Kong.
DTAA: China, Japan, UK, Canada, France and Germany, amongst others
TIEAs: Bermuda