Singapore PLC - Juristax

Setting up your Singapore Private Limited Company Fee Packages

Set-up your Singapore Company today as from USD 900 only

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Singapore PLC

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Everything you need to know on Singapore company at a glance

A. Highlights on Singapore Company

100% foreign ownership allowed
Min. of 1 shareholder
Min. of 1 local resident director
1 local secretary required
Min. paid up capital of S$ 1.00 required
No physical presence required for set-up
No foreign exchange controls
No restrictions on repatriation of capital & profits
No Capital Gains Tax
No Gift and Inheritance Tax.
100% foreign ownership permitted.
Accounting records must be kept for 5 years
Registration of VAT (GST) if annual turnover exceeds S$ 1 million
Appointment of an auditor unless company qualify for audit exemption if at least 2 of the below conditions are met for the 2 financial year ends:

Total annual revenue of no more than S$ 10 million
Total assets worth no more than S$ 10 million
No more than 50 employees

B. Why Structure your business through Singapore

Reputable financial centre, a key regional trading centre, the world’s busiest port and a premier location for investments and doing businesses.
Consistently ranks as one of the topmost competitive and profitable places for business investors.
Well-developed infrastructure that meets all the needs of business industry and is ranked as one of the top countries in the world for its infrastructure capabilities.
In the top ranks of least corrupt countries in the world and least corrupt nation in Asia.
Singapore economy is based on free enterprise, with no restrictions on foreign ownership of business.
The repatriation of profits and the import of capital are freely allowed.
A low corporate tax rate compared to other leading economies in the world as a company is taxed at a flat rate of 17% on its chargeable income effective from year 2009 (YA 2010) onwards and Capital gains are not taxable in Singapore.
Tax exemption schemes are available: Start-up companies scheme and Partial tax exemption scheme.
A major international air hub served by more than 70 international airlines and its International Airport (Changi Airport) is considered as one of the best in the world.
Singapore has signed Free Trade Agreements (FTAs) with many of the world leading economies including USA, Australia, EU and New Zealand. Such Agreements help to improve market access and create greater business and investment opportunities. They also help to build a network of strategic links for Singapore with different parts of world.
One of Asia’s safest cities and offers residents and visitors with a wide range of entertainment, cultural and lifestyle options. It is hard to beat Singapore for a lifestyle that’s both vibrant and comfortable.
One of the highest literacy rates in Asia. English is the most widely used language and all schools use English as the primary medium of instruction. There are more than 30 schools catering to the education needs of expatriate communities.

C. Documents required for Setting-up a company

For the foreign company:

Certified true copy (‘CTC’) of certificate of incorporation.
CTC of license (if applicable).
CTC of Memorandum & Articles of Association.
CTC of certificate of good standing (if company has been incorporated for more than 6 months)
CTC of registers of directors / shareholders / secretary.
CTC of latest financial statements (if available).

For each individual director and shareholder:

CTC of passport or ID.
CTC of proof of address dated less than 3 months (P.O Box address not accepted).
CTC of bank reference letter.
CTC of source of funds document (e.g.: bank statements for last 6 months, payslips, etc.).
Curriculum Vitae.

B. Why Structure your business through Singapore

Reputable financial centre, a key regional trading centre, the world’s busiest port and a premier location for investments and doing businesses.
Consistently ranks as one of the topmost competitive and profitable places for business investors.
Well-developed infrastructure that meets all the needs of business industry and is ranked as one of the top countries in the world for its infrastructure capabilities.
In the top ranks of least corrupt countries in the world and least corrupt nation in Asia.
Singapore economy is based on free enterprise, with no restrictions on foreign ownership of business.
The repatriation of profits and the import of capital are freely allowed.
A low corporate tax rate compared to other leading economies in the world as a company is taxed at a flat rate of 17% on its chargeable income effective from year 2009 (YA 2010) onwards and Capital gains are not taxable in Singapore.
Tax exemption schemes are available: Start-up companies scheme and Partial tax exemption scheme.
A major international air hub served by more than 70 international airlines and its International Airport (Changi Airport) is considered as one of the best in the world.
Singapore has signed Free Trade Agreements (FTAs) with many of the world leading economies including USA, Australia, EU and New Zealand. Such Agreements help to improve market access and create greater business and investment opportunities. They also help to build a network of strategic links for Singapore with different parts of world.
One of Asia’s safest cities and offers residents and visitors with a wide range of entertainment, cultural and lifestyle options. It is hard to beat Singapore for a lifestyle that’s both vibrant and comfortable.
One of the highest literacy rates in Asia. English is the most widely used language and all schools use English as the primary medium of instruction. There are more than 30 schools catering to the education needs of expatriate communities.

C. Documents required for

Setting-up a company

For the foreign company:

Certified true copy (‘CTC’) of certificate of incorporation.
CTC of license (if applicable).
CTC of Memorandum & Articles of Association.
CTC of certificate of good standing (if company has been incorporated for more than 6 months)
CTC of registers of directors / shareholders / secretary.
CTC of latest financial statements (if available).

For each individual director and shareholder:

CTC of passport or ID.
CTC of proof of address dated less than 3 months (P.O Box address not accepted).
CTC of bank reference letter.
CTC of source of funds document (e.g.: bank statements for last 6 months, payslips, etc.).
Curriculum Vitae.

Who we are - JurisTax Asia Pte Ltd

When expanding its presence in Asia, JurisTax Asia delivers services both locally and to the international client base. We would be happy to extend our existing professional relationship to attend to specific corporate solutions you shall require.

Cross Border investment/
business structuring advisory

Expanding your business
in the ASEAN region

Corporate Secretarial
& Administration

Business Processing, Accounting
And Tax Submissions

Setting up of companies
in Singapore

Bank Account Opening
in Singapore

Application
of Visa

Compliance
Services

FAQs

How long does it take to set-up a Singapore Company?

Setting-up a company normally takes less than 5 business days as from the day we submit the application.

Who can register as a shareholder in a company?

A shareholder can be an individual or another corporation. Singapore company law allows 100% foreign shareholding. Thus, a foreigner can register a Singapore company as a sole shareholder.

Does a Singapore company always need a company secretary?

Yes, the company must have a Company Secretary who is a resident of Singapore at all times.
A company secretary should be appointed within 6 months from the day of incorporation.

Who can become the director of a Singapore company?

The director must be a natural person of at least 18 years old and must be a resident of Singapore.

The director must not have been disqualified from directorship, that is, they cannot be bankrupt or have convictions for dishonesty.

Are the identity of the directors and shareholders of the company publicly available?

Yes, basic information on the shareholders and directors of a company is available to the public. The Registrar of Companies lists this information in the business profile of the company which can be purchased by any person for a nominal fee.

Fast registration and great support. 100% foreign ownership is a big plus!"

John Doe CEO

JurisTax Asia guided me through the company setup smoothly. Very professional!

Aaron Aziz Marketing Manager

JurisTax Asia handled everything for my business setup. Highly recommend!

Maxi Lim Director

Setting up my company was hassle-free with JurisTax Asia. Excellent service!

Gurmit Singh HOD

Fast registration and great support. 100% foreign ownership is a big plus!"

JurisTax Asia guided me through the company setup smoothly. Very professional!

JurisTax Asia handled everything for my business setup. Highly recommend!

Setting up my company was hassle-free with JurisTax Asia. Excellent service!

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