Offshore company setup, legal structuring and ongoing compliance support
Company Formation in Singapore
Why Singapore?
Singapore is a leading international business hub in Asia, known for its:
Key advantages of Singapore:
- Transparent, investor-friendly legal and regulatory framework
- Territorial-based tax system with low corporate tax rates
- Strategic location for trade and investment across Asia-Pacific
- High international credibility with banks, investors, and clients
- Modern digital company registry and streamlined incorporation process
Key advantages of Singapore:
- Fast and straightforward company registration
- Corporate tax rate: 17% flat (with partial exemptions for SMEs)
- No capital gains tax, no dividend withholding tax
- 100% foreign ownership allowed
- Flexible corporate governance and management structures
- Access to robust banking and fintech ecosystem
Key Facts About Singapore
- Legal system: Common law
- Corporate income tax: 17% flat, partial exemptions for SMEs
- GST / VAT: 8% standard rate (as of 2023, subject to government updates)
- Currency: Singapore Dollar (SGD)
- Double Tax Treaties: Agreements with 90+ countries
- Minimum capital requirement: SGD 1 for most companies
Types of Companies in Singapore
Private Limited Company (Pte Ltd)
Overview:
- Most common structure for international and local investors
- Separate legal entity with limited liability for shareholders
- Suitable for SMEs, trading, IT, consulting, and service companies
- Shareholders: 1–50 individuals or corporate entities
- Directors: Minimum 1 (at least 1 must be a resident director)
- Ownership: 100% foreign ownership allowed
- Registered office in Singapore required
- Flexible governance via Constitution (Articles of Association)
- Limited liability for shareholders
- Credibility with banks, investors, and international partners
- Ability to operate globally from a credible base
Public Company / Listed Company
Overview:
- Designed for companies seeking investment or planning to list on the Singapore Exchange (SGX)
- Higher regulatory and reporting obligations
- Minimum 2 directors
- Must comply with SGX and Accounting & Corporate Regulatory Authority (ACRA) rules
- Requires audited accounts and annual reporting
- Access to capital markets
- High transparency and credibility
- Attractive for investors and institutional clients
We create global legal solutions
How It Works
Initial consultation and structure selection
Company name check and reservation
Due diligence and compliance review
Preparation of incorporation documents
Company registration with the Seychelles registry
Delivery of corporate documents
Required Documents
From the client:
- Passport copy
- Proof of residential address
- Brief business description
- Source of funds information
Prepared as part of the service:
- Memorandum and Articles of Association
- Certificate of Incorporation
- Appointment of directors and secretary documents
Taxation and Compliance
Corporate tax: 17% flat, with exemptions for qualifying SMEs
GST: 8% (standard, subject to government updates)
Annual reporting: ACRA and Inland Revenue Authority of Singapore (IRAS)
Mandatory bookkeeping and accounting records
Audit required for large companies or regulated industries
GST: 8% (standard, subject to government updates)
Annual reporting: ACRA and Inland Revenue Authority of Singapore (IRAS)
Mandatory bookkeeping and accounting records
Audit required for large companies or regulated industries
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Bank Account Opening
A Cyprus company may apply for:
- EU bank accounts in euro and major currencies
- International banking solutions
- Corporate accounts with digital payment providers
- Business model and activity footprint
- Ownership and management profile
- Countries of operation and counterparty risk
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Bank account opening is subject to independent bank approval and cannot be guaranteed.
Some international banks may have additional requirements for Singapore entities, particularly for foreign owners or high-risk jurisdictions.
Some international banks may have additional requirements for Singapore entities, particularly for foreign owners or high-risk jurisdictions.
We create global legal solutions
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Frequently Asked Questions (FAQ)
Typically 3–5 business days, depending on document completeness. Remote registration is possible.
Yes, full foreign ownership is allowed, although at least 1 resident director is required.
Yes, audits are mandatory for large companies or certain regulated sectors. Small companies under exemption thresholds may not require annual audits.
Yes, Singapore companies can operate globally, provided business activities and profit sources are properly structured and documented.
Yes, including notarized documents submitted electronically.
Ready to Register a Company in Singapore?
Book your free 30-minute consultation today to get expert guidance on incorporation, banking, and compliance.
Why MyFirm Global?
- Experience with international corporate structures
- Multi-jurisdictional approach
- Focus on compliance and long-term support
- Assistance beyond incorporation
