SINGAPORE COMPANY FEATURES:
The most common type: Exempt Private Company Limited by shares
Paid up capital
Company can be incorporated in
1 working day
Minimum 1, any citizenship
Minimum 1, but at least 1 local director required
by law. The most common structure is 2
directors in the company (client and nominee
director, who doesn’t have any power in
company management). Our company provides a nominee director service. If client is holding an Employment Pass, he can be a sole director in the company.
Secretary of the company is a compulsory
requirement. Must be a qualified local individual.
Our secretary service is included in “Company
Can be any local address. Our company provides
registration address in a prestigious business
area in the downtown of Singapore.
Only net income is taxable in Singapore.
First 100 thousands are exempt from tax.
Next 200 thousands of income are taxable under 8,5% rate.
All of the rest net income taxed under flat rate of 17%.
Besides, there are CIT rebate of 20% as for 2019
Tax exemption of the foreign income
All income, received from activity outside of
Singapore and not transferred in Singapore are
exempt from taxation in Singapore.
Required, every company must file Annual
return. Accounting and filing services will be
provided by INTRACORP
Most of the companies are exempt from audit
The company income is taxed on the corporate
level. No additional tax on dividends distributed