Offshore Company Formation in Singapore
INFORMATION
Singapore as an offshore jurisdiction
Singapore company formation – The main characteristics of companies incorporated in Singapore: Foreigners can own 100% of the total company shares.
Singapore is recognized as one of the best countries to do business in Asia, but also worldwide.
The type of company which we assist with formation is a Private Limited Company (Pte Ltd)
MAIN CHARACTERISTICS
The main characteristics of companies incorporated in Singapore:
- Foreigners can own 100% of the total company shares.
- Only one director is required to manage the company. However, there must be at least one resident (local) director.
- A minimum of 1 and a maximum of 50 shareholders.
- The current tax corporate rate is 17% on annual profits.
- Tax relief for start-ups companies. Start-up can receive a 75% tax exemption on the first $100,000 of normal chargeable income, with a further 50% exemption on the next $100,000 of normal chargeable income.
- The company’s business profile is not publicly available. However, anyone can purchase company’s a business profile online using the government portal.
- There is no minimum authorized share capital. However, the initial paid-up share capital must be at least $1 SGD.
- Audits are not required for small companies, but it is possible to have audits if required.
- Shareholders’ liabilities are limited to their share capital contributions.
STEPS TO FORMING A COMPANY
What are the steps to forming a Singapore company?
In order to start the company opening procedure, please submit the following:
- Name of the company (2-3 names)
- Utility bill (not older than 3 months)
- Business activity descriptions
- Payment to the EURO COMMERCE LLC bank account
- Passport copy of director and shareholder
- Bank reference letter
- Contact details (email, contact phone)
ACCOUNTING
Accounting obligation
All companies established in Singapore have an accounting obligation, regardless of their place of business operations. Accounting commences 18 months after company incorporation. Accounting fee depends on several facts:
- nature of business,
- number of transactions and
- company’s annual turnover.
Opening an offshore bank account
We offer you the service of assisting in opening a bank account. For more information, please visit our Bank Accounts page.
PRICING
Price list
The price depends on the type of service you want to use
Company formation
Annual renewal
Company formation
| 3000 USD | Incorporation |
|---|---|
| State fees | |
| Corporate secretary | |
| Registered address | |
| Appointment of foreign director | |
| Local nominated director |
Annual renewal
| 2600 USD | State fees |
|---|---|
| Corporate secretary | |
| Registered address | |
| Local nominee director |
Find out more about what we can do for you…
TESTIMONIALS
What our clients say
Serving our clients—including corporations, private equity firms, government organizations—is a privilege.
I recently used off-shore.net to open a company in the Netherlands and I couldn't be happier with their service. They made the process quick and painless, and their team was always available to answer my questions. I would definitely use their services again.
Sarah K. 
I've been working with off-shore.net for years and they have helped me set up companies in multiple countries. Their expertise and knowledge of international business laws is unparalleled, and their support has been invaluable. I highly recommend their services.
Mark D.
Thanks to off-shore.net, I was able to successfully open a bank account in Switzerland for my business. Their team provided me with expert guidance and made the process seamless. I would definitely use their services again.
Peter S.
I used off-shore.net to open a company in the UAE and was blown away by their service. Their team made the process quick and easy, and their knowledge of local laws and regulations was impressive. I highly recommend their services to anyone looking to do business in the UAE.
Ahmed T.
I have used off-shore.net to open companies in several countries and have always been impressed with their service. Their team is knowledgeable, responsive, and reliable, and their fees are very reasonable. I highly recommend their services to anyone in need of offshore business solutions.
Sofia B.
I recently used off-shore.net to open a bank account in Montenegro and was extremely satisfied with their service. Their team provided me with all the necessary information and made the process hassle-free. I would definitely use their services again.
Thomas L.
I've been a client of off-shore.net for several years and they have consistently provided me with excellent service. Their team is knowledgeable and responsive, and their expertise in company formations is unmatched. I highly recommend them to anyone looking to expand their business offshore.
Maria G.
Off-shore.net helped me set up my offshore company and bank account in Cyprus quickly and efficiently. Their team provided me with all the necessary information and made the process seamless. I am extremely satisfied with their services and would recommend them to anyone looking to expand their business offshore.
David H.
Call us and we will start the process of opening a company today or schedule a consultation if you have any doubts
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