Singapore Private Limited Company

General Information

  • Type of Company - Private Limited Company
  • Legislation - Common Law
  • Company name - Non-English names are allowed
  • Time-scale for incorporation - 7 days after name is reserved
  • Change in domicile is not permitted
  • Double tax treaties - with 60 countries
  • Shelf companies are available
  • Taxation on profits - 17%

Local Requirements

  • Registered office is required
  • Company secretary is required
  • Local secretary is required
  • Local directors are required
  • The location of meetings can be anywhere in the world
  • Public recording of shareholders and directors is not required

Corporate Requirements

  • Minimum number of shareholders - One
  • Minimum number of directors - One
  • Authorised capital - The concept of authorised capital has been abolished
  • Standard currency of share capital - SGD
  • Minimum issued capital - 1 share

Annual Requirements

  • Preparing accounts is required
  • Filing and auditing accounts is required, unless the company is exempted
  • Accounts are publicly accessible
  • It is a requirement to file annual return
  • Cyprus in International Tax Planning
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