Incorporate Singapore Company

Benefits of Registering a Company in Singapore

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With some 26,000 international companies (of which around 7,000 are multinationals), the advantages of incorporating a company in Singapore are obvious.

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Apart from the city-state’s 75 comprehensive double taxation agreements and 8 limited treaties dealing with income from shipping and air transport enterprises, as well as no controlled foreign company rules, no capital gains tax, and one of the lowest corporate tax rates in the world; many foreign entrepreneurs and companies are drawn to Singapore due to its relatively low business costs. (compared to other Asian destinations such as Hong Kong and Tokyo)

Thus, whether you are an international company wanting to set up an Asia-Pacific base, or an Asian company wanting to access markets in Europe and US, Singapore is the place to be.

How to Incorporate a Company

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All businesses (may be an individual, firm or a corporation carrying out economic activities for a foreign company) in Singapore are required to be registered with ACRA (Accounting & Corporate Regulatory Authority).

If you are a foreign company looking to incorporate a Singapore subsidiary or a holding company (which essentially will be a private limited company), you need to appoint two local agents (residents) to act on your behalf. They may be Singapore citizens, permanent residents, or foreigners with employment or dependent passes.

Do note that some businesses such as banking, insurance, stock broking, and manufacture of goods such as cigars and firecrackers, may need special licenses from various government authorities.