Singapore Company Registration

Company type

Private Limited Company (Pte Ltd)

Information published relating to company officers

The names of directors and shareholders appear in the Public Registry. One of the directors must be resident in Singapore.

Confidentiality

High level of anonymity and privacy.

Accounting requirement

Taxation

17% above SGD 300,000, 8.5% below
No taxation on the profits earned abroad or from financial securities however a company is liable to pay tax in Singapore on income that is:

1. accrued in or derived from Singapore; or
2. received in Singapore from outside of Singapore.

Income Received from Abroad
Under Section 10(25) of the Income Tax Act, income from outside Singapore is considered received in Singapore when it is:

1. remitted to, transmitted or brought into Singapore;
2. used to pay off any debt incurred in respect of a trade or business carried on in Singapore; or
3. used to purchase any moveable property brought into Singapore (e.g. equipment or raw materials connected to your business).

Legislation

Singapore Companies Act 1963.

Standard Currency

Singapore dollar (SGD)

Stability

Singapore is a very stable jurisdiction and has an excellent reputation.

Communication

Very efficient communication means.

Time zone

Convenient world time zone: GMT+8

Secretary required

Yes

Paid up capital requirement

No paid up capital requirement (1 SGD)

Anniversary date of the company / Each Year

Basis of legal System

Under Common Law.

Minimum directors/shareholders

Minimum of 1 director/1 shareholder
One of the directors must be resident in Singapore.

Bearer shares

Bearer shares are not permitted.