• Simple Registration Process: Singapore is consistently ranked as one of the easiest places to do business. The company registration process is fully computerized and can be completed online, including applying for a company name and submitting required registration documents.
• Tax Advantages: Singapore’s straightforward tax system and low tax rates attract many businesses. Key tax benefits include low corporate and personal income tax rates, tax incentives, no dividend or capital gains tax, and a single-tier tax system. New companies with up to 20 shareholders and at least one individual shareholder with 10% ownership enjoy a 0% tax rate on the first S$100,000 of taxable income for the first three years. Corporate tax rates are about 8.5% for profits up to S$300,000, and 17% for profits above S$300,000. Dividends are tax-exempt. Singapore also has a network of Double Taxation Agreements (DTAs) with many countries to reduce double taxation risk.
• Stable Legal and Political Environment: Singapore is rated by the Political and Economic Risk Consultancy (PERC) as the most politically stable country in Asia, with minimal bureaucracy. Its well-developed legal system effectively protects intellectual property and business interests.
• Strong International Reputation: Compared to traditional offshore jurisdictions, Singapore has a better reputation and strictly adheres to global anti-money laundering and anti-tax evasion regulations. Since Singapore is not a tax haven, offshore companies established here are seen as credible and stable entities, enhancing stakeholder trust.
• Liberal Policies for Foreign Ownership: Singapore imposes no restrictions on the business activities of offshore companies. All industries allow 100% foreign ownership, and shareholders can be individuals or corporate entities.
• Advanced Banking Facilities: As a major financial hub in the Asia-Pacific region, Singapore offers advanced banking facilities, allowing offshore companies to choose from a wide range of world-class local and international banks.Liberal Policies for Foreign Ownership: In Singapore, there are no restrictions on the commercial activities and sectors in which offshore companies can engage. All industries permit 100% foreign ownership, and shareholders can be either individuals or corporate entities.High-end banking facilities: Singapore is one of the major financial hubs in the Asia-Pacific region, with advanced banking facilities that allow offshore companies to choose from a wide range of world-class local and foreign banks.

1. Name Approval: The company name must be approved by the Accounting and Corporate Regulatory Authority (ACRA) of Singapore.

2. Directors and Shareholders:

 At least one director must be a local resident or permanent resident aged 18 or above.

 Shareholders can be individuals or corporate entities, with 100% foreign ownership allowed.

 A qualified company secretary, who must be a local resident, must be appointed within six months of registration.

3. Must hire a professional Singapore company agent for registration.

4. The minimum registered capital is 1 Singapore dollar, with no foreign exchange controls or capital limit.

5. A local physical office address is required for company registration; a P.O. box cannot be used.

6. Application Documents: Include the company registration application form, identification documents for directors and shareholders, proof of the registered address, and other required documents.

7. Open a Bank Account: The business needs to open a company bank account in Singapore.

8. Register for Goods and Services Tax (GST): Depending on the nature of the business, GST registration with the Inland Revenue Authority of Singapore (IRAS) may be required.

9. Licenses and Permits: Some businesses may require additional licenses or permits. For example, industries such as financial services, trade, and export may need specific approvals.

10. Ongoing Compliance: Annual reports must be submitted to ACRA, and the company may need to undergo an audit based on its revenue.