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Singapore

Singapore

There are various benefits attached to incorporating a Limited LiabilitySingapore company.

Some of these benefits are listed below:

  • English is the official business language and therefore all company reports are produced in English and all information is available in English.
  • Common law is in place.
  • Singapore is a world leader in foreign trade and investment and has one of the best business environments in the Asia Pacific region.
  • Singapore is the best country in which to run a business according to a recent world bank study and it has been named as having the most open economy for international trade and investment and least corrupt economy in the world.
  • Singapore has one of the most highly developed and well-regulated financial centres in the world which has been built on the highest regulatory and prudential standards.
  • The Singaporean tax system is straightforward and stable.
  • There are no restrictions for foreigners to be shareholders or Directors of a Singapore company.
  • he incorporation process for a Singapore company is quick and efficient.
  • No minimum requirements for share capital.
  • Only one Director and Shareholder is required to form a limited liability company.
  • There is a concept of territorial taxation where foreign source trade profit is not subject to Singapore income tax if it is not repatriated in Singapore.
  • There is no capital gains tax in Singapore.
  • Foreign dividends are not subject to Singapore income tax.
  • Tax credits for foreign tax paid are available in Singapore. However, they are subject to some conditions.
  • There are some partial income tax exemptions available in Singapore.
  • There is no net worth tax in Singapore.
  • Intensive double tax agreement system with more than 60 agreements signed and ratified with other countries.

Company Registration Services in Singapore & Incorporation Process Summary

  • The client provides Eltoma Corporate Services with all the required information (completed forms of Beneficial Owners Declaration and company incorporation. KYC materials; permission to act on behalf of Director if necessary and signed M&AA etc.)
  • An invoice (– 50% payment) will be send to a client by Eltoma Global in order to carry out an incorporation procedure.
  • The company receives an approval of branch name and its Singapore registration number (the procedure takes about 2 working days).
  • ECS will send the client necessary incorporation documents for signing and after that the client should return them back.
  • When this is complete and the original documents receipt is received, the company becomes fully incorporated. Eltoma will also complete all post-incorporation formalities.
  • The original company documents and stamp will be sent to the client by an ECS courier.

Time frame within which a company formation procedure in Singapore will be finalised:

In Singapore, organisation registration and formation process takes about 1-3 working days. The legalisation process can take additional 7-8 working days. After this is ready, the original documents are returned to the client.

 Detailed Service Price List - Singapore Company Incorporation

Service
Fees (EUR)
Consultation regarding company structure and general registration in Singapore  
Free
Registration of a company in Singapore
From €2450
Registration certificate for a Singapore company
From €250
Provision of a legal address (for a period  of 1 year)
From €300
Register of the company’s directors and  shareholders preparation in accordance with the requirements of Singapore
From €300
Obtaining of a share certificate for a  company in Singapore
From €200
Registered agent, i.e. a person representing  the company and interacting with government agencies in Singapore
-
Obtaining of a company seal and registering  it in accordance with the laws of Singapore
From €150
Affixed apostille certifying the authorised bodies of Singapore
From €275
Appointment of a nominee director (for a  period of 1 year)
From €300
Appointment of a nominee shareholder (for a  period of 1 year)
From €250
Power of attorney
From €300
Bank account opening for a company in Singapore
From €900
Shelf company in Singapore
Upon request

If you have any questions regarding incorporation in Singapore, please contact our specialists: info@eltoma-global.com

* The Service fees placed on the website are intended for general information purposes only and may differ from the final quotation
**Some of the information stated may no longer reflect the most current legal developments

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