Offshore Singapore

Registering a company in Singapore

Singapore is an integral part of the global economy. Many areas are actively developing here, such as logistics, shipping, etc. The region's economy, as well as favorable business rules, low taxation - all this and much more allows many foreign entrepreneurs to open a company in Singapore. The reputation of the jurisdiction is just perfect, it's definitely worth setting up a business here.

Company registration in Singapore: advantages of the jurisdiction

Recently, Singapore is the last Asian country that is able to maintain a high place in the world ranking. This country is famous for its ease of doing business. Investments are growing quite rapidly due to the following advantages:

1. There is favorable legislation that helps to develop any type of business.
2. The personnel reserve is one of the most qualified in the world. Due to this, employees here work at a high level. employees are literate, speak English, and this minimizes difficulties in business communication.
3. Sectors with high added value are quite developed.

This is only part of the advantages of the jurisdiction that make it possible to open a company in Singapore. It should also be noted that this region has the strongest startup system, ideal logistics routes, and highly developed communication systems. Due to its geographical location, the city has access to other business centers in Asia. Therefore, business registration makes it possible to establish favorable trading conditions.

How to open a company in Singapore: taxation of the region

Do you plan to open a company in Singapore? Then you need to know what forms of ownership you can choose to do business.

Opening a company in Singapore: types of ownership

Investors can open the following corporate types of companies:

• LLC;
• AUT;
• Partnership.

A non-resident company can enter the domestic market by registering a branch, representative office, or subsidiary. The choice of the type of business structure may depend on certain factors, such as your needs, business goals, etc. When choosing a form of ownership, consider:

• the amount of capital to invest;
• the number of owners;
• the obligations you will assume.

It is also important to consider the advantages and disadvantages of each business entity.

Business registration in Singapore: taxation of the region

If the company is a resident, cooperates with local partners or clients, and places income in a local bank account, it must pay a corporate tax of 17%.

Income tax is not paid by an organization working with other countries. In addition, the tax is not levied on:

• investments of foreign origin;
• funds that are not transferred to local bank accounts;
• finances that were not used for the lease (purchase) of real estate.

Each entrepreneur keeps accounting records and submits reports on the turnover of goods to the relevant organizations.

How to obtain citizenship in Singapore? Therefore, entrepreneurs are given a unique opportunity to apply for permanent residence here.

The procedure for obtaining permanent residence takes some time. The candidate provides personal information in electronic form, a business development plan, and the necessary documents. After a few months, upon completion of the application, an interview is required.

To obtain a passport of the country, you must live in this region for at least 2 years, and then apply for citizenship. In Singapore, dual citizenship is not allowed.

Who can register a company in Singapore quickly?

Our company provides legal services. Specialists will register a business, choose a legal entity, represent the client's interests in local institutions when obtaining a business license.

In addition, our employees will choose the best bank, payment system, collect the necessary documentation, and represent the client's interests in this procedure. They will also be able to collect a full package of documents for applying for a residence permit.