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Singapore Company Formation. Offshore Incorporation in Singapore.

Worldwide Incorporation Services specializes in Singapore company formation and opening bank accounts.

Singapore – General Information

Location: Southeastern Asia, islands between Malaysia and Indonesia.
Area: total: 719.2 sq k, land: 709.2 sq k, water: 10 sq km.
Natural resources: Fish, deepwater ports.
Population: 5,888,926 (July 2017 est.).
Capital: Singapore.
Time Zone: UTC+8.
Languages: English (official) 36.9%, Mandarin (official) 34.9%, other Chinese dialects (includes Hokkien, Cantonese, Teochew) 12.2%, Malay (official) 10.7%, Tamil (official) 3.3%, other 2%.
Government type: Parliamentary republic.
Legal system: English common law.
International organization participation: ADB, AOSIS, APEC, Arctic Council (observer), ARF, ASEAN, BIS, C, CP, EAS, FAO, FATF, G-77, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, NAM, OPCW, Pacific Alliance (observer), PCA, UN, UNCTAD, UNESCO, UNHCR, UPU, WCO, WHO, WIPO, WMO, WTO.
Economy: This vibrant, export-oriented, free-market economy enjoys a remarkably open and corruption-free environment, low taxes, stable prices, and a high per capita income that attracts global investors to its high-tech industrial and financial services sectors.
Currency: Singapore dollar (SGD).

Singapore Company Formation – Overview

Principal Corporate Legislation

The Companies Act, The Income Tax Act.

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Type of Entity for International Trade, Investment & Tax Planning

Private Limited Company.

Key Facts

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.

Directors

A Singapore Company requires a minimum of one director. Director can be of any nationality and need not be resident but at least one director must be resident in Singapore.

Shareholders

A Singapore Company requires a minimum of one shareholder.

Publicly Accessible Records

Yes.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

0-17%.

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

Yes.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

Singaporean dollar (SGD).

Exchange Control

None.

Time to incorporate

One week subject to name approval.