The Advantages:

• Minimum capital 1 S$
• 100% foreign share holders permitted
• Incorporation within one day
• Only 1 share-holder and one director required
• Tax allowances in the first 3 years
• Maximum tax rate 17%
• Free capital transfer
• No taxes on sales profits and dividends

Incorporation Procedure:

• Approval of company name
• Preparing registration documents
• Customer signs registration documents
• The company will be registered
• Opening of bank account

We prepare and forward all documentation necessary for the registration of your company in Singapore. The following information is required:

• Partnership agreement
• List of all share-holders, managing directors, secretaries etc.
• Incorporation certificate
• Address at the time of registering
• Statement of Not-Disqualification as managing director/document issued by police certifying that managing director has no criminal record
• Appointment of Secretary

The approval of the company name normally takes about 2 to 3 hours if there is no conflict with existing names. The company will be registered within one day as soon as all the requirements are fulfilled and all the documents have been forwarded.

Representative Office

Foreign companies are interested in finding out to what extent it is worth doing business in Singapore and to analyse the market opportunities on the spot. One option is a so-called “Representative Office” (Rep Office).
The Rep-Office in Singapore does not have any legal status but is only an administration agreement. The general purpose of the Rep-Office is to forge links, apply for services and make initial business contacts.

Key Points:

A Rep Office may not conclude a business transaction on its own, not even on behalf of the parent company. A Rep Office cannot conclude a contract, invoice consultation services or trade goods.

The Rep Office may not have its own bank accounts.

It is an advantage for foreign companies to have a Rep Office in Singapore as it can test the framework requirements on the spot before making an investment decision.

Procedure

A Rep Office has to be approved by the authorities in Singapore.

In addition, the following documents are requested:

• Copy of the partnership contract of the foreign company (in English language or an official translation)
• Last annual report
• Company brochures etc.

The registration can take up to 2-3 weeks and has a general validity of one year.
A Rep Office in Singapore has to be licensed again every year.
The company can hire its own staff or local staff from Singapore to run the Rep Office.