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Singapore Company can be divided into 3 categories as follows:
- Private Limited Company
The maximum number of shareholders is 50.
- Listed Company
The number of shareholders is 50 or more. Once approved by local governmental authorities, company can issue shares and bonds to the public to raise capital.
- Singapore Branch of a Foreign Company
A foreign company can set up its branch in Singapore, with this setup involving only recording the branch instead of incorporation.
- Profits from offshore business that are not remitted in Singapore are not subject to any tax except submission of annual returns and accounts audited by local accountants every year
- If the income of an exempted private company during one year does not exceed SGD5 million, the accounts during that year are not subject to audit
- Singapore has signed investment and double-taxation protection treaties with many countries
- A private company will be exempt from convening an annual meeting.
- With no exchange control, it is easy to raise capital
- There is a stable political, economic and trading environment
- There shall be at least one director who must be a Singapore citizen holding permanent residence or with an employment visa
- Company promoters shall include one person; subsequently there can be corporate shareholders (i.e. a holding company) holding shares
- A local resident must be appointed to act as company secretary
- Local registered address is required
Standard Authorized Capital
ired Information and Time for Incorporation
- English name of company
- Copies of ID cards or passports of directors and promoters
- Declaration of business scope
- Registration of company (requires 14 days or so)
- Purchasing a Shelf Company (requires 5 days or so)