Registering A Company In Singapore

A private limited liability company is the most common type of company currently formed and held in the country Singapore.  It's considered a separate legal entity and much like its American counterpart, the shareholders cannot be personally held responsible for deaths or transgressions pertaining to the company itself.  Additionally, it's not essential that an individual be a resident of Singapore in order to register and limited liability company in the country.  They do however need to be at least 18 years of age.

One of the major advantages to setting up a limited liability company in Singapore, is for taxation efficiencies.

This article will attempt to highlight a few of the key points considerations and individuals should consider when researching and setting up a corporation in the country Singapore.  As with all corporate legal matters of this magnitude, is highly recommended that you engage the services of a professional legal representative well-versed in setting up a company Singapore.

The essential Singapore company registration facts.

There is an approval process that every company they must go through before can be applied to a registered Singapore company.  Additionally, at least one of the directors of the corporation must be a legal resident of the country.  In other words, a citizen of Singapore or permanent resident.  After that as many local or foreign directors can be appointed to serve the company.  Tractors must of course be 18 years of age or older, with no criminal record.

Anywhere between one and 50 shareholders can be pointed to the limited liability company registered in Singapore.shareholders can of course be an unlimited to another legal corporation or company.  It is also quite permissible for 100% of the company to be on either locally or foreign.

Also essential to the formation of a company under Singapore corporate regulations is deployment of Secretary.  While it's not essential that Secretary be determined upon initial registration, a valid and qualified secretary, preferably one living within Singapore must be appointed within the first six months.

It's mandatory that a real physical address the associated with the new company.  Post office boxes are not permitted

One of the major attractions for anyone summing up a company in Singapore, Are the tax advantages.  For example, tax rates in Singapore since 2007 for corporations have dropped from 26% to 17%.  Additionally, the first hundred thousand dollars earned for each year in the first three years of a corporation's existence is tax-free.  How nice.