Malaysia Hotline: +603- 2141 8908
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Company Name. The name must be approved
before incorporation of the Singapore company can occur.
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Directors. A minimum of one resident
director (a resident is defined as a Singapore Citizen, a Singaporean Permanent
Resident, or a person who has been issued an Entrepass, Employment Pass, or
Dependent Pass) is mandatory. There is no limit on the number of additional
local or foreign directors a Singapore Company can appoint. Directors must be
at least 18 years of age and must not be bankrupt or convicted for any
malpractice in the past. There is no requirement for the directors to also be
shareholders, i.e. non-shareholders can
be appointed directors.
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Shareholders. A Singapore private
limited company can have a minimum of 1 and maximum of 50 shareholders. A
director and shareholder can be the same or a different person. The shareholder
can be a person or another legal entity such as another company or trust. 100%
local or foreign shareholding is allowed. New shares can be issued or existing
shares can be transferred to another person anytime after the Singapore company
has gone through the incorporation process.
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Company Secretary. As per Section 171 of
the Singapore Companies Act, every company must appoint a qualified company
secretary within 6 months of its incorporation. It has to be noted that in case
of a sole director/shareholder, the same person cannot act as the company
secretary. The company secretary must be a natural person who is ordinarily
resident in Singapore.
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Paid-up Capital. Minimum paid-up capital
for registration of a Singapore company is S$1. Paid-up capital (also known as
share capital) can be increased any time after the incorporation of the
company. There is no concept of Authorized Capital for Singapore companies.
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Registered Address. In order to register
a Singapore company, you must provide a local Singapore address as the
registered address of the company. The registered address must be a physical
address (can be either a residential or commercial address) and cannot be a
P.O. Box.
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Taxation. Singapore registered companies enjoy very attractive tax exemptions
and incentives. Your company pays less than 9% for the first S$300,000 annual
profits and 17% flat after that. There are no capital gains or dividend taxes
on Singapore companies. Excellent tax benefits and business reputation of
Singapore are the key reasons why entrepreneurs from around the world prefer to
form a company in Singapore.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my