Singapore Company main characteristics:
|Company type||Private Limited Company (Pte Ltd)|
|Information published relating to company officers||The names of directors and shareholders appear in the Public Registry. One of the directors must be resident in Singapore.|
|Confidentiality||High level of anonymity and privacy.|
|Accounting requirement||Yes, annual reports required.|
|Taxation||17% above SGD 300,000, 8.5% below
No taxation on the profits earned abroad or from financial securities.
|Legislation||Singapore Companies Act 1963.|
|Standard Currency||Singapore dollar (SGD)|
|Stability||Singapore is a very stable jurisdiction and has an excellent reputation.|
|Communication||Very efficient communication means.|
|Time zone||Convenient world time zone: GMT+8|
|Paid up capital requirement||No paid up capital requirement (1 SGD)|
|Basis of legal System||Under Common Law.|
|Minimum directors/shareholders||Minimum of 1 director/1 shareholder
One of the directors must be resident in Singapore.
|Bearer shares||Bearer shares are not permitted.|
DOCUMENTS REQUIRED FOR THE CREATION OF THE COMPANY
A certified copy of your passport (or identity card), as well as proof of domicile dated less than three months.
General information on SingaporeSingapore is a city-state, located in East Asia, and made up of 64 islands. It is one of the most economically and socially developed countries in the world, and has been independent since 1965.
Also called, "The Switzerland of Asia" because of its high quality of life, Singapore has experienced exceptional growth thanks to its particularly advantageous maritime position, which has allowed it to become a real financial and trade hub between the Pacific and Europe.
The economy of Singapore is primarily based on banking and financial services, the electronics industry, the Creative Technology, and the maritime sector; its port is ranked in the premier class in the world in terms of exports and oil.
In spite of past socio-economic problems, Singapore’s political system has been remarkably stable since independence. It is regarded as an authoritarian democracy, and the city-state practices economic liberalism.