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Singapore Company Formation - Business Setup

Register your Company in Singapore in 1-5 days (upon validation of your identification documents).*

Client confidentiality protection via secured systems.

Your company and its application for a bank account, including eBanking and credit card. Opening by correspondence.

A dedicated manager is available throughout the year to administer your company.

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singapore company formation - business setup
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5 simple steps are needed to incorporate your company in Singapore

complete our application form - singapore

Complete our application form - Singapore

Complete our order form and make the payment for your chosen services. You will then be assigned a client manager to assist you through the incorporation process.

upload your documents

Upload your documents

Your account manager will ask you for official documents which are required for your company formation.

incorporate your company successfully

Incorporate your company successfully

Once your documents have been processed your company will be successfully incorporated subject to local authority approval.

process any additional services

Process any additional services

Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.

manage your company via our client portal

Manage Your company via our client portal

Our client portal will give you immediate access to all your documents as well as display your company structure.

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SINGAPORE OFFSHORE
BANKING OPTIONS

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Singapore Offshore Company Formation

Good to Know

For the past decade, Singapore is the only Asian country with the top AAA sovereign rating from all major credit rating agencies, including S&P, Moody’s, and Fitch. To register your company in Singapore, a local director is mandatory. GCM provides local nominee directors.

Main Characteristics of a Singapore Offshore Company

Company typePrivate Limited Company (Pte Ltd)
Information published relating to company officersThe names of directors and shareholders appear in the Public Registry. One of the directors must be resident in Singapore.
Accounting requirementYes, annual reports required.
Taxation17% above SGD 300,000, 8.5% below
No taxation on the profits earned abroad or from financial securities however a company is liable to pay tax in Singapore on income that is:
  1. accrued in or derived from Singapore; or
  2. received in Singapore from outside of Singapore.
Income Received from Abroad
Under Section 10(25) of the Income Tax Act, income from outside Singapore is considered received in Singapore when it is:
  1. remitted to, transmitted or brought into Singapore;
  2. used to pay off any debt incurred in respect of a trade or business carried on in Singapore; or
  3. used to purchase any moveable property brought into Singapore (e.g. equipment or raw materials connected to your business).
LegislationSingapore Companies Act 1963.
Standard currencySingapore dollar (SGD)
StabilitySingapore is a very stable jurisdiction and has an excellent reputation.
CommunicationVery efficient communication means.
Time zoneConvenient world time zone: GMT+8
Secretary requiredYes
Paid up capital requirementNo paid up capital requirement (1 SGD)
Renewal DateAnniversary date of the company / Each Year
Basis of legal SystemUnder Common Law.
Minimum directors/shareholdersMinimum of 1 director/1 shareholder One of the directors must be resident in Singapore.
Bearer sharesBearer shares are not permitted.

Documents Required

for the Creation of a Singapore Offshore Company

A certified copy singapore company setup and registration of your passport, a certified copy of proof of domicile dated less than three months, a curriculum vitae, as well as last 3 months’ bank statement. All in original.**

Frequently Asked Questions
Offshore Company Formation in Singapore

What type of company do you register in Singapore?

The type of companies that we setup in Singapore is known as a Private Limited company (Pte Ltd company). It is a legal entity similar to a Limited Liability Company (LLC) that can have a limited number of shareholders, and its shares are not available to the public.

Do I need to travel to Singapore at any point to setup my Pte Ltd company?

No, the registrar of companies (The Accounting and Corporate Regulatory Authority “ACRA”) in Singapore is extremely efficient and all formalities can be completed remotely.

Do I need to submit accounts for a Singapore Pte Ltd company?

Yes, accounts should be submitted to the registrar of companies (The Accounting and Corporate Regulatory Authority “ACRA”). SFM, through its partners’ local accountants, can take care of this formality for you.

We will contact you in due course and ask you for your company financial documents to be able to produce accounts on your behalf. Documents required are usually bank statements, invoices, contracts, and receipts.

How can I know if my Singapore Pte Ltd company will be tax liable?

Please refer to our complete guide about Singapore Pte Ltd company taxation

Will my data be publicly available once I form a Singapore Pte Ltd company?

Singapore Pte Ltd company officers’ names appear in the Public Registry.

Will my liability be limited if I setup my company as a Singapore Pte Ltd company?

The shareholders’ liability in a Private Limited Company (Pte Ltd) is typically limited to the amount of shares respectively held by them.

How many directors and shareholders should I appoint to my Singapore Pte Ltd company?

A minimum of one shareholder and one singapore resident director should be appointed while registering a Singapore Pte Ltd company. If you are not a singapore resident then two directors (at least) must be appointed.
One of the directors must be a singapore resident and you will be appointed as a second director.
The necessary local singapore resident director services are obtained through GCM and our agent in consideration of the professional director service fees.

How easy is it to open an account for a Singapore Pte Ltd company?

If you would like your bank account to be opened in Singapore, this is possible and will require your visit to Singapore to meet the bank as the ultimate beneficial owner. Otherwise, we may assist in opening a bank account remotely in other countries. Generally speaking, Singapore companies are very well regarded internationally, and therefore opening a bank account is usually not a problem. Obviously, this will be subject to the bank’s own decision and due diligence requirements.

* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

Our Client Reviews

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gcm - best i̇novative company formation
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Customer satisfaction rate, testimonials verified by Feefo.com

09-Aug-2024
I was particularly well received by Christelle, the Managing Partner of the Dubai branch. GCM demonstrated great agility in their quotation process, which was crucial as I was leading a nascent structure in Dubai. The support provided during the administrative procedures for establishing my company in the UAE, along with the responsiveness of the service—especially from one of their team members, Oksana—truly reassured me and gave me confidence during a stressful period of establishing a professional presence abroad. I highly recommend GCM to any professional looking to set up in the UAE or even just to benefit from their advice.
gcm - best i̇novative company formation
02-Aug-2024
The service renderade was proactive, engaged and well excecuted.
gcm - best i̇novative company formation
25-Jul-2024
Service was excellent from start to finish. Anna Hochberg was always available to give advice and options and walk us through the process.
gcm - best i̇novative company formation
12-Jul-2024
Transparent, efficient with very good communication flow. The result was a smooth and quick registration of a new company, exactly as required.
gcm - best i̇novative company formation
20-Jun-2024
gcm - best i̇novative company formation
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