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Frequently asked questions
Why should I incorporate a Private Limited Company in Singapore?
Along with being one of the world’s top financial centres with wide availability of funding and assistance schemes for start-ups or established companies, the city-state of Singapore is also known for its ease of doing business and pro-business regulatory environment, along with a very attractive corporate tax framework.
Singapore also has comprehensive trade agreements with over 100 regions of the world, excellent connectivity, strategic geographical location, proximity to world’s largest emerging markets including India and China, and robust IP protection.
What is the major advantage of incorporating a private limited company in Singapore?
Apart from the huge tax advantage, and benefits of over 100 comprehensive trade agreements, one of the major advantages of incorporating a private limited company is that it is a separate legal entity and is limited by shares. As a result, shareholders of a Singapore company are not liable for its debts and losses beyond their amount of share capital.
What are the different types of business structures in Singapore?
There are five different structures to choose from – Sole-Proprietorship, Partnership, Limited Partnership, and Limited Liability Partnership (LLP), and the most common and flexible business entity – the Private Limited Company (applicable for non-Singaporeans and permanent residents). Do note that all companies in Singapore must be registered and abide by the country’s Companies Act.
What are the key requirements to incorporate a company in Singapore?
Vanshaj Kapur, The Bold Creative Pte Ltd