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Singapore Business Opening

Due to its superior geographical location, Singapore has become one of the important financial, service and shipping centers in Asia, and its economic model is called "national capitalism". According to the 2018 Global Financial Center Index (GFCI) report, Singapore ranks fourth among international financial centers, second only to London, New York and Hong Kong. Singapore is also rated as a world-class city and a member of the Association of Southeast Asian Nations (ASEAN), the World Trade Organization (WTO), the Commonwealth and the Asia-Pacific Economic Cooperation (APEC). Due to its success in environmental greening and sanitation, it is also known as the "Garden City".

Company Type

Companies in Singapore are mainly divided into two categories: general companies and special companies. General company types include:

  • Private Limited Company: The maximum number of shareholders is 50.

  • Listed Company: A company with more than 50 shareholders that can issue stocks and bonds to the public with government approval.

Special corporate forms include sole proprietorship, partnership, limited liability partnership and limited partnership.

Advantages of Setting Up a Singapore Company

  • Excellent geographical location and logistics center

  • Good company image

  • Favorable tax policies

  • Free and sound financial system

  • Lowering trade barriers for sensitive technologies and gaining access to investment opportunities from international resources

  • A bridge between trade financing and IPO financing

  • Expanding international brands and intellectual property protection platform

  • Get the opportunity to immigrate and settle down

Registration Requirements

  • Minimum registered capital of 1 SGD

  • At least 1 shareholder, regardless of nationality, can be a natural person or a legal person

  • At least 1 local director in Singapore (must be a Singapore citizen, permanent resident or permit holder)

  • Local business registration address in Singapore

  • Specify the business scope. You can select up to two industries.

Required Information

  • Articles of Association and Bylaws

  • Affidavit of Legal Compliance

  • Identification Document

  • Director's letter of appointment and affidavit of qualifications

  • Business Address and Office Hours Report Form

  • Details of directors, managers, company secretary and auditors and stock issuance records (must be submitted within one month after the company is established)

Registration process required information and time

  • Company Name in English

  • Original ID card or passport of directors and company founders, or a copy certified by a certified public accountant, lawyer or notary public

  • Original proof of the director’s address for the last three months (such as bank statements, utility bills, etc.), or a copy certified by a certified public accountant, lawyer or notary public

  • It takes about 2 working days to register a company (after all information is complete and due diligence review is passed)

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