Our guide provides an overview and key facts about incorporating a private limited liability company in Singapore.
Singapore is consistently rated as one of the easiest places to do business in the world. It is highly valued by business professionals for its growth opportunities, ease of setting up and running a business, productive workforce, simple tax system, business friendly policies, and stable political and economic climate.
Factors such as speedy company incorporation, subject to compliance approval required by the authorities, 100% foreign shareholding, low corporate taxes, and progressive immigration policies have made Singapore a preferred destination for business set-up and expansion. Part of the success or failure of a business also depends on the choice of business structure. In this regard, the most flexible, advanced, and common form of incorporation in Singapore is a private limited company.
A private limited company has its own legal identity, separate from its shareholders and directors. The liabilities of the owners are limited to the assets in the company and their personal assets are protected.
A notable feature of a Singapore private limited liability company is its continued existence irrespective of the status of its shareholders or directors. As an incorporated business entity, it projects a credible image to stakeholders, potential employees, and business partners. Moreover, a limited liability company makes it easy to raise capital and enjoys easier transfer of ownership.
Our complimentary guide about business incorporation and company registration in Singapore covers the following topics:
- How to register a company in Singapore
- Incorporation procedure and timeline
- How to open a bank account in Singapore
- The registration of GST, licenses and permits
- Ongoing compliance requirements for your business
- Singapore corporate taxation requirements and exemptions available
- Staff relocation and workforce immigration
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