Malaysia Hotline: +603- 2141 8908
Company Name - The name must be approved before
incorporation of the Singapore company can occur.
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.
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 any time after the Singapore company has
gone through the incorporation process.
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.
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.
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.
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