sSingapore company formation

• At least one local Singapore director
• At least one shareholder who is either resident or foreigner
• At least one qualified Company Secretary, who is also a resident of Singapore.
• Singapore registered address 
• Minimum paid-up capital of at least S$ 1.

Company incorporation   1 -3 days

Bank Account opening    2-4 weeks

 Tax Exemption Benefit for New Companies

[ 4.25% tax rate] --- Newly incorporated companies meeting the qualifying criteria shall enjoy attractive tax exemptions for the first three consecutive YA (Year of Assessment) 75% exemption on the first S$100,000 of normal chargeable income

[ 8.5% tax rate] A further 50% exemption on the next S$100,000 of normal chargeable income.

[ 17% tax rate] Singapore’s Corporate Income Tax rate is 17%. after 3 years of incorporation 

 A company will be exempted from audit if it fulfils at least two out of the following three conditions: 

1. The total annual revenue of the company must not exceed S$10 million;
2. The total assets of the company for the financial year end must not exceed S$10 million;
3. The number of full-time employees at the end of the financial year must not exceed 50.

1: Passport copy - Certified (Lawyer/auditor/Chartered accountant/Notary)

2: Proof of address- Certified (Lawyer/auditor/Chartered accountant/Notary)

3. Company Incorporation form