Bizserve Consultants offers company registration, trust formation, bank account opening, office provision and other professional services in Cyprus, the United Kingdom, BVI, UAE, Seychelles and other jurisdictions

The Republic of Singapore

The Republic of Singapore consists of the main island of Singapore, off the southern tip of the Malay Peninsula between the South China Sea and the Indian Ocean, and 58 nearby islands. Singapore is one of the most open, and thus competitive, markets in the world. Singapore has a strategic location, making it possible to access a market of 2.8 billion people within a few hours flight

 Advantages for the foreign investors:

  • Corporate tax rates are about 8.5% up to $300K profits and a flat 17% above that
  • Personal tax rates start at 0% and max out at 20% above $320K
  • There are no dividend or capital gains taxes in Singapore
  • There is no estate/death/inheritance tax in Singapore
  • Minimum Annual License Fee or Franchise Tax S$315
  • A Singapore private limited company can have a minimum of 1 and maximum of 50 shareholders
  • A minimum of one resident director is needed. There is no limit on the number of additional local or foreign directors a Singapore Company can appoint
  • There is a requirement for director(s) meeting. Meetings can be held anywhere in the world
  •  Rated number one in the world by World Bank for ease of doing business
  • Ranked as the third wealthiest nation in the world by Forbes magazine
  • Singapore has been ranked as the third most globalized economy among 60 of the world’s largest economies in the recently released Ernst and Young 2011 Globalization Index
  • Rated number one as the most politically stable country in Asia
  • Rated number one as the best labor force in the world
  • Rated number one in Asia for quality of life
  • You can open a corporate bank account in any of the major banks in Singapore. Many of the banks in Singapore these days require physical presence of the company principals as part of the account opening procedure

 

Bizserve Consultants can offer the following services:

  • Formation of the company
  • Provision of registered office
  • Provision of two nominee shareholders
  • Secretarial, Banking and Legal Support

 

Relevant information on company formation in Singapore

Questionnaire for the incorporation of a company in Singapore

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