Singapore Company Set up

Our services provide excellent consultancy to help you start your business overnight. There are various Business Entity such as Sole Proprietorship, Partnership and Private Limited Company for which we have given quick and cost – effective solutions.

Foreign companies wishing to setup a presence in Singapore, have the choice of setting up a branch office Subsidiary Company. A subsidiary company is a private limited company incorporated in Singapore with the parent company as its shareholder. For small to mid-size foreign businesses, a subsidiary company is the most preferred choice of registration in Singapore.

Singapore Incorporation Entity Types

Of all the choices you make when deciding on incorporating an entity in Singapore, one of the most important is the type of business structure (i.e. legal entity) you choose for your business. Your decision can affect how much you pay in taxes, image and perception of your business among your clients and suppliers, the amount of paperwork your business is required to do, the personal liability you face, ability to borrow money, and the ability to expand your business.This category provides an overview of the various types of business entities in Singapore and the differences among them. Each of these is subject to different regulatory and tax regimes reflecting their organization and ownership.

Singapore Incorporation Requirements

At least one local director who has to be a Singaporean, or Singapore PR, or Singapore employment pass holder; At least one shareholder, you do not need a Singaporean for a shareholder. A Minimum paid up capital is S$1 Incorporation time ranges approximately from 1 day to 5 days depending on time taken for name approval. We will act as your company secretary.

Corporate Banking

When you incorporate company with us, you save valuable time. We can also help open the Corporate Bank account with our bankers for some banks officers coming to our office to meet you personally during the signing of your company incorporation papers in our office premises, and thus open your bank accounts without the need to visit the bank. The bank officer will go through the procedure with all kyc and due diligence required.procedure.

Requirements

To Open A Corporate Bank Account

When you incorporate company with us, you save valuable time. We can also help to open the Corporate Bank account with our bankers coming to our office to meet you personally during the signing of your company incorporation papers in our office, and thus open your bank account without the need to visit the bank. The procedure include bank Interview, and  Kyc and due diligence for all Directors and shareholders. We will guide you With the documentations.

List Of Major Banks In Singapore

Major Local Banks

  • Development Bank of Singapore (DBS)
  • Oversea Chinese Banking Corporation (OCBC
  • United Overseas Bank (UOB)
  • May Bank

Major Foreign Banks

  • Citibank
  • Standard Chartered
  • ABN Amro

Major Indian Banks

  • Indian Bank
  • States Bank of India
  • Bank of India
  • Indian Overseas Bank
  • UCO Bank

Singapore Taxation

  • Singapore has excellent tax benefits for small-to-midsize companies. These apply if you set up a new company here
  • For profits around S$300,000, the overall tax rate is still a low 17% (Year of Assessment 2010 onwards).
  • Startups that meet certain qualifying conditions can claim for tax exemption under the Tax Exemption for start up scheme