Singapore

Entrust company incorporation to our specialists .

Singapore is frequently referred to as marketing's Silicon Valley. It has a strong infrastructure, ecosystem, government support, and it is easy to do business.

Asia appears to be the best place to invest in growth, as major brands are shifting their focus to the world's growing regions. Consequently, Singapore has emerged as the global marketing capital of the region.

If you are excited about starting a business or incorporating your brand in Singapore, we can confidently say that you are doing the right thing given the numerous opportunities it offers.

Select the right company

structure for your business .

Branch Office

A branch office is a legal entity after registration.
It is an extension of its parent company.
The parent company is responsible for all the debts and liabilities incurred by its branch office.
The branch office must hire at least one ordinarily resident Singaporean.

Private Limited Company

t can have 1-50 shareholders (owners).
Required 1 local director resident of Singapore.
Required 1 local secretary resident of Singapore.
A private limited company has a separate legal identity from its owners.
A capital of at least SG$1.
Unrestricted in activities.
Corporate tax 17%.

Representative office

It conducts feasibility studies.
A representative office does not have a legal identity separate from its foreign parent company.
It must also appoint not more than 5 employees.
It cannot indulge in any profit-making activities.
The parent company > 3 years
Sales turnover ≥ 250k USD

Features of opening
company in Singapore :

Reduce taxes

The corporate tax rate on a company net profit in Singapore is 17%, but if new company meets the qualifying criteria it can get the tax exemption for the first three years of operation:

75% of the first SG$ 100,000 of normal chargeable income
50% of the next SG$ 100,000 of normal chargeable income

Goods & services tax: A person with taxable turnover exceeding SGD 1m in a calendar year or expected to exceed SGD 1m in the next 12 months must register for GST.
Foreign income tax: Foreign income derived by resident companies will be taxed, unless the income has been already subject to taxes in foreign jurisdiction with a tax rate of at least 15%.
Withholding tax:

Dividends - none.
Interest - interest paid to a nonresident generally is subject to a 15% withholding tax.
Royalties - royalties paid to a nonresident are subject to a 10% withholding tax, unless the rate is reduced under a tax treaty

Easy offshore company registration

Setting up an offshore company in Singapore is that the registration process itself is simple and straightforward. The processing time of the registration of a new offshore company in Singapore takes less than a week. The first involves choosing and approving a name for your new business, and the second involves the more administrative part of filing paperwork.

Political and economic stability

Singapore is considered one of the least bureaucratic and politically stable countries in Asia. The government of this Asian city-state has a reputation for being transparent, free from corruption, business-oriented and with a fair and responsible legal system.

100% ownership of business

Foreigners or persons residing outside the region have the right to register an offshore company in Singapore with 100% ownership and can have corporate or individual shareholders as well. But the Incorporation requires a local company secretary, a local director , and a local legal address. If you reside outside of Singapore, we can provide you with our nominal services.

Modern banking services

When setting up an offshore company in Singapore, you will need to rely heavily on banking services. We can offer wide range of reputable foreign and local banks to choose from, or we can offer bank account opening service outside of Singapore. This option is not prohibited by local law.

Strong and Stable Singapore Dollar

Trading ability is important for any business owner, and that's what makes a strong and stable Singapore dollar so attractive. It is one of the strongest currencies in Asia and one of the 15 most traded currencies in the world. Setting up an offshore company in Singapore puts you in a better position to pursue future prospects such as investment and growth opportunities.

Not sure which structure is right for you?

Schedule a free call with our specialist and we can advise you on optimal way to start new business

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Ways we can help :

Incorporation & Management

We provide services with a comprehensive and detailed approach combining business knowledge with local regulations, so that you can focus on building operations and sales.

Accounting & Tax

In its work, Shile Consulting focuses on the specifics of accounting and tax accounting in Greater China, Hong Kong, Singapore and other offshore jurisdictions.

Market entry

We are able to provide full support to your company at the initial stage of expansion to Greater China, Hong Kong or Singapore as well as at the post entry stage.

Global HR

Regardless of whether you are starting a business in another country, want to transform the work of your HR department or get support about local legislation.

IT Solutions

Digital assets are a strategic advantage of the company in the competitive struggle, reducing the time spent when making decisions in production and management activities.

Tailored & flexible solutions

We can estimate your company's opportunities, explore your economic status, and provide you with services that are fully flexible and custom-made for your business. Tailored solutions that will meet your specific case and won’t include anything you don’t need.

Full professional support

You are never left behind with support of our team. If you have any question or problem, ask us anytime. Our managers will make sure you are always up to date with the process and get all the answers you need for running your business.

Worry-free service

Operating a company abroad can be not easy and comes with a host of non-productive tasks. Our solutions and professional team support will take care of all worries that you can focus on overall development of business strategy.

Make an enquiry to know more about how Shile Consulting can assist you on Company Incorporation & Management and strengthen your international business.

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