Before setting up a new business in Singapore, an important decision is to decide what legal form your business will take and the right company to engage. You can choose to register a private limited company, a limited liability partnership, a general partnership, a sole proprietorship or a branch office.
Over the years, Ecovis Bizcorp Singapore assisted thousands of clients in setting up their business in Singapore successfully. Our work does not end with business setup. We support every stage of a business development from company incorporation to regional expansion. We provide one-stop solutions to business.
The most common and widely used business form in Singapore is a private limited company.
Benefits of a Private Limited Company
Private limited company is the most preferred and common business form in Singapore. The majority of companies in Singapore are registered as companies limited by shares.
The reasons are:
Protection of personal assets and limiting personal liabilities
Substantial tax savings
Dividend income tax exemption
Allowing of 100% foreign ownership
Easier access to capital funding
Easier transfer of company ownership
Audit exemption for qualified small companies
Easily Register your Company Limited by Shares
Singapore is ranked as one of the best places to do business in the world. Setting up a company here is one of the easiest things among all countries. It can be done in just one hour with these minimum requirements:
At least one local director who must be a Singapore citizen, permanent resident or Singapore Employment Pass holder under your company
Minimal initial paid-up capital of $1
A Singapore-registered office address
A local company secretary
Ecovis Bizcorp Singapore can provide you with a local director, use of an office address and company secretary.
Allow us to assist you with any of the following:
Incorporating a private limited company in Singapore
Setting up a Singapore branch
Setting up a representative office in Singapore
Registering a Limited Liability Partnership (LLP) in Singapore
Incorporating an offshore company
Please contact us if you need further advice on how to form a Singapore company.