Setup SG Company

Singapore Company

Registration Overview

Singapore is home to Changi Airport, the world's top-ranked airport, and a world-class port, making it a renowned global financial and trading centre with a relatively well-established system covering tourism, communications, finance, education, and free markets. Today, Singapore has become the most sought-after international city among investors from around the world. An increasing number of Chinese nationals are registering companies in Singapore, using it as a powerful springboard for domestic enterprises to expand into the global marketplace.

Advantages of Registering a Singapore Company

Prime Location

Singapore is a global transportation hub with the most extensive network of trade agreements in Asia, and is also an important node on the "Belt and Road Initiative" and the "Maritime Silk Road".
Simple Registration Process

The registration procedures are straightforward, costs are low, and registration can be completed within 1 to 3 working days.
Flexible Registered Capital

The minimum paid-up capital for registering a Singapore private limited company (Pte Ltd) is just S$1, and no verification of capital by a third-party institution is required. However, the funds must be genuinely deposited into the company's corporate bank account. Shareholders may increase the registered capital at any time after registration (e.g., through the issuance of new shares), subject to board and shareholder resolutions and filing with ACRA. Note that regulated industries such as financial services and travel agencies may have higher minimum capital requirements.
Low Corporate Tax Rate

The standard corporate income tax rate in Singapore is 17%. Combined with applicable exemptions and reliefs, the effective tax burden may be lower than 17%.
Multi-Currency Corporate Account

Corporate multi-currency accounts can be opened.
No Foreign Exchange Controls

As one of the world's top four financial centres, Singapore has abolished foreign exchange controls. General fund transfers do not require foreign exchange control approval, and holding companies may apply to list on stock exchanges in many countries.
High Degree of Trade Liberalization

Singapore implements a free trade policy with a leading level of trade facilitation. Singapore has a network of free trade agreements covering major economies, enabling enterprises to enter international markets effectively and conveniently.
Facilitating Cross-Border Business and Tax Planning

By establishing a company in Singapore in conjunction with actual business operations, enterprises can manage cross-border funds and develop overseas business on a compliant basis.
Robust Legal Framework and Intellectual Property Protection

Singapore's legal system is based on English common law, with a well-established and mature legal framework characterised by transparent rules and consistent enforcement. Singapore has a dedicated intellectual property authority, IPOS, responsible for the registration and management of intellectual property. Qualifying research and development activities may enjoy corresponding tax deductions and incentive measures.
CONTACT US

CONTACT US

Pre-Application Considerations

Types of Business Entities in Singapore

Before incorporating a company in Singapore, you need to select the type of business entity. The main types are as follows:

● Sole Proprietorship:

The simplest form of business, with only one owner. There is no legal distinction between the owner and the business; the owner is therefore personally liable for all the debts and losses of the business.

● Sole Proprietorship:

● Limited Partnership (LP):

Consists of general partners and limited partners. General partners manage the business and bear unlimited liability for the debts of the business; the liability of limited partners is limited to the amount of their capital contribution. Unlike a general partnership, not all partners bear unlimited personal liability.

● Limited Liability Partnership (LLP):

A separate legal entity that protects each partner's personal assets from the debts of the business. It combines the flexibility of a partnership with the liability protection of a company.

● Company, such as a Private Limited Company (Pte Ltd):

Provides the most comprehensive protection for personal assets, as a company is a separate legal entity. However, a company is also subject to the most statutory requirements and entails the most extensive annual compliance and reporting obligations.

Overview of Singapore Corporate Taxation

※ No foreign exchange controls.

※ No capital gains tax or estate duty..

※ The main taxes include Corporate Income Tax (CIT) and Goods and Services Tax (GST).

※ Businesses with an annual turnover of less than S$1 million are generally not required to register for GST mandatorily, but may still choose to do so voluntarily.

※ The corporate income tax rate is 17%. Qualifying newly incorporated companies may enjoy tax exemption; other companies may benefit from partial tax exemption.

※ Singapore operates a one-tier tax system; dividends received by shareholders from Singapore resident companies are generally exempt from tax.

About Us

Goldden Group (Singapore) established in Singapore, is a full-service, one-stop family management company focused on providing high-net-worth clients or families with a full range of family management services.