While there are a lot of options for foreigners to incorporate a company on various countries, Singapore remains to this day a popular investment destination due to its competitive tax incentives.

The great thing about Singapore is that new companies are required to pay zero dollars in taxes on the first S$100,000 of chargeable income for the first three consecutive years. On top of that, a further exemption of 50% is also provided on the next S$200,000 of chargeable income.

There are various ways of setting up a company in Singapore namely Sole Proprietorship, a Limited Liability Partnership or a Private Limited Company.Most of the companies are Private Limited Companies of all the companies incorporated in Singapore.

Accounting & Corporate Regulatory Authority (ACRA) is where companies or businesses that are incorporated as Private Limited Companies are registered.

It is necessary for all companies in Singapore to adhere its laws and regulations stipulated in the Singapore Companies Act.As per Singapore Companies Act, local and foreign businessmen are subjected to relative terms and regulations.Businessmen or investors can be foreign or local individuals, foreign or local companies, Singapore Residents and companies offshore.

There are some requirements needed to be able to incorporate a Singapore Company.
Before being appointed by a Private Limited Company, directors must possess some requirements.With this, Singapore company directors must also possess certain qualifications before they can be appointed by a Singapore Private Limited Company. These added qualifications are as follows:

1. For a registered business, there should be at a minimum of one shareholder, one resident director and one company secretary.

2. Only at a minimum of $1 paid-up capital is required as a share

3. Office address in Singapore

A foreigner can acquire full ownership of a company in Singapore. However, it is expedient that companies should have a minimum of one director that is either a Singapore citizen, a person who holds a permanent resident, an EntrePass, an Employment Pass or a Dependants’ Pass.

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Rikvin has been assisting clients from all over the globe in their Singapore immigration and company incorporation matters. We assist local and foreign entrepreneurs who want to start a Singapore company. Our success rate is phenomenal, and all most all of our enterprise clients have entrusted us, with the routine management tasks such as book keeping and secretarial services and we continue to impress them beyond our promise. Rikvin has successfully helped foreign entrepreneurs with Singapore company incorporation.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Rikvin’s Services kindly email us at [email protected] or give us a call at +65 64838887.Fax : (65) 6438 2436