Singapore Company

Company Formation in Singapore

If you are looking for a world-class jurisdiction to set up a company, Singapore presents unique opportunities in comparison with other countries. Some of the benefits of incorporating in Singapore include low taxes, multitude of DTAs (double-tax agreements) and FTAs (free-trade agreements), no tax on dividends and capital gains, generous start-up and industry specific tax exemptions,  reliable banking system and many more.

Set up a business in Singapore with 818Hi

With many years of experience, 818HI is renowned for its local expertise and is able to provide clients worldwide with fast and effective Singapore company formation services.

The 818HI team can communicate in fluent English, French, Chinese, Russian, Korean and Japanese to bridge eventual language barriers.

Singapore Company formation snapshot

Criteria Details
Minimum number of shareholders 1
Minimum number of directors 1
Minimum share capital requirement S$1
Nationality and address of shareholders / directors Minimum one local director, no restriction on shareholder nationality
Address in Singapore Mandatory
Incorporation time 1 working day
Confidentiality Company records are open to public
Taxes

Advantages:

  • 17% flat tax, start-up exemptions available (75% exemption on the first $100,000 of normal chargeable income)
  • Additional 50% tax exemption on taxable income of up to S$100,000
  • Additional CIT (corporate income tax) rebate  extended to Year 2020, at a rate of 25% of the tax payable, (maximum S$15,000).

Disadvantages:

  • Withholding tax levied on payments to non-resident companies
Bank account opening Remote account opening possible

 

Please contact us for more details. We are at your disposal 7 days a week.