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Understand the Jurisdictions Setup Requirement Before Proceed Your Company Incorporate in Singapore
Singapore is a prime destination for many people looking forward to starting businesses abroad. Its economic prowess and political stability have created the right environment for nearly every type of business to thrive. At 3E Accounting Indonesia, we provide reliable services for company incorporate in Singapore to investors, entrepreneurs, and corporations who want to start a business in Singapore. If you are in need of such services, then just know that you have landed on the right page, and we will accord you with every help you need to get started.
Business Structures You Can Register in Singapore
The law allows both foreigners and locals to register various types of business vehicles in Singapore. The legal entity you choose to register should be the most suited one to help you meet all your business goals and objectives.
If you are not sure of what type of investment vehicle to register, our experienced business executives are always on standby to help you make the right choice. But that notwithstanding, here are some of the common types of business structures you can register in Singapore.
Private Limited Company
Private Limited Company is the most preferred choice for investors who need services for company incorporate in Singapore. This type of business is simple to register and it comes with a myriad of operational and tax benefits. It is also scalable and robust, and with corporate tax rates of between 0% and 17%, it is easy to understand why most entrepreneurs want to have it. Some of the features of a private limited company in Singapore include-:
- It is a distinct legal entity
- The liability of the shareholders is limited to the amount of their share contribution
- It is one of the highly tax-efficient entities in Singapore
- Allows for 100% foreign ownership in Singapore
- Anyone above the age of 18 years can incorporate a private limited company in Singapore.
These are usually the simplest forms for starting a business in Singapore. They are simple, have low tax burdens and they also have the lowest cost of maintenance. However, they can expose the proprietors to potentially unlimited liabilities. If you are considering starting this type of business in Singapore, be sure to contact one of our business executives for detailed analysis.
Societies and Companies Limited by Guarantee
Societies and companies limited by guarantee are mostly preferred by charities and non-profit organizations. With such setups, it is the members and not the shareholders that oversee the operations of the organization.
Subsidiary companies are owned by other companies normally referred to as holding or parent companies. They are separate legal entities and the main purpose of forming them is to serve a separate market or further a particular separate business of the parent company.
Foreign companies can also register branch offices in Singapore to act as sales/marketing or operations office. It is not a separate legal entity, and it doesn’t enjoy the benefits of tax residency in Singapore.
A Representative Office
Representative Offices, also known as RO, are foreign companies primarily registered by other businesses to test the markets in Singapore and the larger Asia Pacific. They are normally the forerunners for full incorporation of branch offices or subsidiaries in the future.
Partnering with You for Success
We have a team of expert consultants who are ready to assist you from start to finish with our services for company incorporate in Singapore. Our teams feature expert accountants, attorneys, business consultants and tax experts who will help you cover every angle or business formation in Singapore so that you get it right the first time. We know all the rules and regulation in forming businesses in various industries and sectors, and we will ensure total compliance so that you don’t face any challenges in either setting up or operating the business.
Though our services are premium in nature, we provide them at an extremely affordable rates. You don’t have to break the bank to meet our consultation fees. This is because our desire is to partner with you for the success of your business in Singapore.
Contact us today and let us start the process of company incorporate in Singapore.