Why Singapore

Singapore has become a major financial center in Asia. It offers stable economy, reputation and reliable banking system. International Trading companies take advantage of territorial taxation, whereas income not sourced in Singapore (the company is considered a non-resident if its income 1) not remitted on Singapore bank account; 2) or, if income is not resulted from trading with Singapore companies; 3) if it is controlled outside Singapore) is not applicable for taxes.

For those companies which choose to have local bank account, corporate income tax is only 17% , which is subject to further reductions (Taxable income of i) 0 to S$100.000 – 0% tax (for the first 3 years); S$100.000 to S$300.000 – 8,5% (first 3 years) and S$0 to S$300.000 – 8,5% (following years) ; over S$300.000 – 17% tax). Possibilities for income tax reductions make Singapore extremely popular for small and medium business.

What are the opportunities?

  • 0% tax for non-resident companies with income outside of Singapore
  • No tax when income distributed to non-resident shareholders
  • Significant reductions of Corporate Income Tax if the Company pays taxes in Singapore
  • Bank account in Singapore


 SINGAPORE SET-UP

Company set
with registered address,
Singapore director & secretary, 2nd director with apostilled Power of Attorney
$3900

Bank account set-up 

see fees

Nominee shareholder

$1000

(Singapore director refundable deposit)

$2500

Courier

$150
apply now!

SINGAPORE RENEWAL

Annual renewal, annual return, registered address,
2 directors & secretary, apostilled Power of Attorney

$3500

Nominee shareholder

$1000

Annual  financial report

fees vary

Courier

$150
Sec button

*ready-made companies are available

Ask more about

Tax resident certificate for Singapore company

Resident taxpaying companies in Singapore can obtain Tax Resident Certificate to take advantages of Double Tax Treaties. Ask for details and fee proposal for your business.

Tax free non-resident Singapore companies

Read the article in about Singapore taxation system and contact for fee proposal for your business.

Singapore bank account opening procedure

Read the article in about confidentiality of Singapore banking system and contact us for bank account opening procedure.

Virtual office package

Substance has never been more essential. We offer Virtual Office packages that correspond to 21st century requirements, including web site and e-mails set-up and hosting, correspondence address, mail forwarding and telephone answering service.  Contact for fee proposal.

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