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Singapore is fast becoming a business city of choice. With excellent business infrastructure, political stability, and close economic ties with many of the world's leading economies, there has never been better time than now for entrepreneurs to migrate and set up their business in Singapore.

Singapore business incorporation provides international entrepreneurs with a perfect way to conduct global business. Singapore has evolved into the 17th wealthiest country in the world in terms of gross domestic product (GDP) per capita and continues to attract vast amounts of foreign direct investment every year. Important points for entrepreneurs to note when considering setting up a company in Singapore:

  1. Singapore company formation is governed by the Singapore Companies Act 1963, which is based on UK Common Law. The Accounting and Regulatory Authority of Singapore (ACRA) is the governing body for such business matters. The cost to register a company with ACRA is S$300 (US$220).
  2. To complete Singapore company formation, every company must appoint a director who is resident in Singapore. There are no limits on the number of directors of the company however corporate directors are not permitted. In addition, every Singapore company must appoint a local, resident company secretary and registered office. Corporate company secretaries are not allowed.
  3. There are no minimum requirements for the shareholders of a Singapore company. Both individual and corporate shareholders are permitted, though a private limited company must not exceed 50 shareholders. The minimum authorised share capital for a Singapore company is S$1.
  4. Singapore company formation is both cost effective and straightforward when compared to other international jurisdictions. According to the World Bank's Doing Business 2008 Survey, Singapore is also the world's easiest place to do business.
  5. Annual financial statements must be submitted to both ACRA and the Inlands Revenue Authority of Singapore. All Singapore companies, (with the exception of a Representative office) must also submit annual tax returns to the Inland Revenue Authority of Singapore (IRAS).
  6. After the company has been formed, company details, for example shareholder and director information, must be made available for public viewing on the ACRA online public register.
  7. Entrepreneurs prefer to use the Singapore limited liability company (LLC) for international business. In 2006, 18,500 LLCs were incorporated in Singapore.
  8. Following the start up of the business, entrepreneurs can easily open corporate bank accounts around the world, apply for employment visas in Singapore and rent office space.

Singapore Business is a Singapore business incorporation portal providing one stop information on Singapore business incorporation, Singapore business registration, Singapore business formation, Singapore company incorporation, accounting outsourcing, auditing, bookkeeping outsourcing, corporate secretarial, singapore company formation, internal audit, liquidation, tax compliance, tax planning, payroll outsourcing and other financial advisory services in Singapore.

With our ever growing resouces and articles on singapore business incorporation, we aim to provide you with a one stop hub for starting your business in Singapore. :

  • Auditing, Statutory Audit, External Audit,IPO Audit, MIS Systems Audit, IT System Audit, Sarban Oxley Audit, S404 Audit, MES Audit,JIT Audit, Lentas Audit, Pioneer Incentive Scheme Audit, Trust Account Audit, Client's Accounts Audit, Solicitor Accounts Audit, MCST Audit, Financial Due Diligent Audit, Legal Due Diligent Audit. Financial Reporting System Audit, Long-Form Report Audit.
  • Internal Auditing, Internal Audit services to listed company, unlisted company & government agency.
  • Accounting, Accounting Outsourcing Services, Payroll Services, Trust Account Services.
  • Corporate Finance, Company Valuation Services, Business Valuation Services, Share Valuation Services, Intangible Assets Valuation services, Fair Value determination Services, Reporting Accountant Services, Nomad Services, Nominated Advisor Services, Nominated Sponsor Services, Merger & Acquisition Advisory Services, Management Buyout Advisory Services, Transaction Support Services.
  • Company Secretarial Services, Incorporation Services, Company Incorporation Services, Branch Incorporation Services, LLP Incorporation Services, Offshore Company Incorporation Services, BVI Company Incorporation Services, Cayman Island Company Incorporation Services, Nominee Director Services, Nominee Shareholder Services, Bank Account Opening Services, Registered Office Services, Striking Off Services.
  • Taxation Services, Company Taxation Services, LLP Taxation Services, Expatriate Tax Services, GST Tax Services, Withholding Tax Services, Tax Planning Services.
  • Liquidation Services, Insolvency Services, Judicial Management Services, Member's  Voluntary Liquidation, Creditor Liquidation, Company Dissolution.
  • Forensic Accounting Services, Expert Witness Services & Fraud Investigations.
  • Wealth Management and Financial Planning Services.

Check out our various resources and articles on Singapore business incorporation ,accounting outsourcing, auditing, bookkeeping outsourcing, corporate secretarial, company formation, internal audit, liquidation, tax compliance, tax planning, payroll outsourcing and other financial advisory services in Singapore.

Corporate Secretarial and Incorporation

This is a specialised service which caters to the needs of Singapore companies and branches of foreign corporations.

Our corporate secretarial service can assist you in local company and branch formation, providing you with corporate secretarial assistance, filing of statutory returns, maintaining your statutory registers or even providing you with registered business address while you are looking for your business premises.

If you are setting up business in Singapore for the first time, we can assist you in applying for employment pass, provide you with nominee shareholders, nominee resident directors and nominee company secretary. We can even put you in touch with other professionals who will ensure that you are provided with comfortable accommodation both at work and at home.

We also have templates for your day to day operation such as business planning and also a Frequently Asked Questions on Singapore business incorporation.

Related Sites : Singapore Company Incorporation - Singapore Business Registration
Singapore Company Registration - Singapore Business Formation
Singapore Company Formation

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