Singapore

There are various benefits attached to incorporating a Limited LiabilitySingapore company.

Some of these benefits are listed below:

• English is the official business language and therefore all company reports are produced in English and all information is available in English.
  
• Common law is in place.
  
• Singapore is a world leader in foreign trade and investment and has one of the best business environments in the Asia Pacific region.
  
• Singapore is the best country in which to run a business according to a recent world bank study and it has been named as having the most open economy for international trade and investment and least corrupt economy in the world.
  
• Singapore has one of the most highly developed and well-regulated financial centres in the world which has been built on the highest regulatory and prudential standards.
  
• The Singaporean tax system is straightforward and stable.
  
• There are no restrictions for foreigners to be shareholders or Directors of a Singapore company.
  
• he incorporation process for a Singapore company is quick and efficient.
  
• No minimum requirements for share capital.
  
• Only one Director and Shareholder is required to form a limited liability company.
  
• There is a concept of territorial taxation where foreign source trade profit is not subject to Singapore income tax if it is not repatriated in Singapore.
  
• There is no capital gains tax in Singapore.
  
• Foreign dividends are not subject to Singapore income tax.
  
• Tax credits for foreign tax paid are available in Singapore. However, they are subject to some conditions.
  
• There are some partial income tax exemptions available in Singapore.
  
• There is no net worth tax in Singapore.
  
• Intensive double tax agreement system with more than 60 agreements signed and ratified with other countries.
  

Company Registration Services in Singapore & Incorporation Process Summary

• The client provides Eltoma Corporate Services with all the required information (completed forms of Beneficial Owners Declaration and company incorporation. KYC materials; permission to act on behalf of Director if necessary and signed M&AA etc.)
  
• An invoice (– 50% payment) will be send to a client by Eltoma Global in order to carry out an incorporation procedure.
  
• The company receives an approval of branch name and its Singapore registration number (the procedure takes about 2 working days).
  
• ECS will send the client necessary incorporation documents for signing and after that the client should return them back.
  
• When this is complete and the original documents receipt is received, the company becomes fully incorporated. Eltoma will also complete all post-incorporation formalities.
  
• The original company documents and stamp will be sent to the client by an ECS courier.
  

Time frame within which a company formation procedure in Singapore will be finalised:

In Singapore, organisation registration and formation process takes about 1-3 working days. The legalisation process can take additional 7-8 working days. After this is ready, the original documents are returned to the client.

 Detailed Service Price List - Singapore Company Incorporation

If you have any questions regarding incorporation in Singapore, please contact our specialists: info@eltoma-global.com