Singapore Incorporation

Situated in the heart of Asia, Singapore serves as a gateway to the region's booming markets. Renowned for its robust economy and political stability, it is a premier hub for global business.

The country offers world-class infrastructure, a highly skilled workforce, and a pro-business regulatory environment. Additionally, Singapore's extensive network of free trade agreements bolsters its appeal to international investors.

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Benefit

Incorporating company in the Singapore offers several advantages

No minimum shareholder requirement: Singapore's open investment environment allows foreign entities to fully own a company or subsidiary without any minimum shareholder requirement

No minimum paid-up capital: Incorporating a PLC in Singapore requires no minimum paid-up capital, enabling incorporation with just SGD 1, reflecting the nation's generous investment policies

No foreign exchange control: Singapore facilitates easy remittance and repatriation of capital and profits, with no restrictions on foreign exchange transactions and capital movements

Strong infrastructure: With world-class facilities like a bustling airport and a major port, Singapore facilitates seamless business interactions with other thriving economies

Tax incentives and low corporate tax rates: Singapore offers attractive tax incentives and maintains one of Asia's lowest corporate tax rates at 17%

Feature

Key characteristics of Private Limited Company (PTE LTD)

A local registered address
At least 1 shareholder
Minimum initial paid-up share capital of SGD 1.00
At least 1 local resident company secretary
At least 1 local resident director

Annual compliances

  • 01
    FILING OF ESTIMATED CHARGEABLE INCOME (ECI)

    3 months after Financial Year End (FYE)

    Note: A company is exempt from filing ECI if the turnover is less than SGD 5 million and the taxable income is nil for the year of assessment

  • 02
    HOLDING OF ANNUAL GENERAL MEETING (AGM)

    6 months after Financial Year End for Private Limited Entities

  • 03
    FILING OF EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL)

    Prior to filing annual returns (AR)

    Note Applicable for:
    Company with corporate shareholding
    Company with individual shareholding, should the financial statements reflect negative equity

  • 04
    FILING OF ANNUAL RETURN (AR)

    7 months after Financial Year End for Private Limited entities

  • 05
    FILING OF CORPORATE TAX RETURNS

    November 30 of year of assessment (for the previous Financial Year End)

Our services

We cover a wide range of corporate services to help your business get things done right from the start and run smoothly during company operations

INCORPORATION SERVICE

G2B offers comprehensive consultancy on the steps needed to establish a business in Singapore. Our guidance is firmly grounded in legal regulations, ensuring your company does right from the outset.

ANNUAL COMPLIANCE SERVICE

G2B’s service assists businesses in meeting all legal obligations in Singapore, including accounting and tax filing, ensuring that all necessary procedures are completed accurately and on time.

LOCAL BANK ACCOUNT ASSISTANCE

G2B helps you open a local bank account based on needs and provides effective usage guidance, addressing businesses' banking requirements for conducting transactions in Singapore.

KYC documents checklist

KYC documents are important for identity verification. Here is a list of the required documents in Singapore.

Copies of Passport and residential address proof of all director(s) and shareholder(s), for example copy of utility bill/ bank statement that was issued within the past 90 days.

Proof on the business nature and activities.
(You may provide the current or past working experience proof, such as, your name card, company brochure, sales invoice, resume…etc. Also, if you are the director/ shareholder/ owner of other companies related to same business field, kindly provide the registered documents of these companies with your capacity and related business proof)

Proof on Source of Wealth of the ultimate beneficial owner(s).
(For example, if the shareholder’s source of fund is sourced from ‘Entrepreneurial activity’, please provide copies of the corporate files showing the shareholding info. and latest company’s financial statements)

*** The documentation requirements will vary according to the type of business and its field of operation, with additional specific documents needed for each individual case.
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Frequently asked questions

In this section we have put together some of the most common questions asked by our customers. If you have a query that isn't answered below, please don't hesitate to contact us.

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