Types Of Companies We Incorporate
Whether you’re an individual or a corporation, we can help make the process of setting up a company or business in Singapore easy and smooth for you. If all your documents are in order, we can complete registering a Private Limited Company as fast as 2 hours. This expedited Incorporation of Company | Business Setup service comes with no extra charge.
We offer our services to local and international companies of all sizes which includes young start-ups and Small-Medium Enterprises (SMEs) in any phases of their businesses.
We implement the following type of Company | Business Setup:
The most preferred and flexible structure for incorporating a business entity in Singapore is to register as a private limited company.
Therefore, customers and vendors especially those from medium to large-scale businesses including government bodies, prefer to deal with a Private Limited/Limited company as the business is deemed more trustworthy and credible.
A private limited company is limited by shares and has its own legal identity separate from its shareholders. It is recognized as a taxable entity in its own right where there is a separation between personal and business assets. Thus shareholders will not be held accountable for the company’s debts and losses beyond their amount of share capital.
Hence this translates to more business opportunities as compared to other business setup | company incorporation options. In addition a private limited company enjoy local tax exemptions, applicable only to newly registered and qualified companies in Singapore.
The Immediate Benefits of Incorporating a Company | Business Setup as a Private Limited Company in Singapore (Local) are:
- 75% exemption on the first $100,000 of normal chargeable income
- further 50% exemption on the next $100,000 of normal chargeable income (ref IRAS).
- The paid up capital limits the Liability
Other Benefits of Incorporating a Company | Business Setup as a Private Limited Company:
- Easier funding with bank loans
- Perpetual succession – the continuation of a corporation’s or other organization’s existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any owner or member, or any transfer of stock,etc.
- Ownership can be transfer with ease
Process to Incorporate Your Company
Choose a desirable name that best fits the nature of your business or the branding you wish to bring across to your clients.
Define the nature or core activity of your business. You can indicate a maximum of 2 activities in your business profile.
Local Office Address
It is mandatory to have a Singapore address for your company incorporation. The address cannot be a P.O. Box and must be a physical registered address. If you require an office address, we can help you.
Director and Shareholder
A copy of the Identification Card (NRIC) including the personal details such as contact number and email. For foreigners, a copy of the passport and proof of foreign address.
Decide on the number of shares to be issued to each shareholder
Paid-up Capital Amount
The minimum paid-up capital for incorporating a local company in Singapore is S$1/- per shareholder. This amount can be increased if required after the company incorporation.