Business Set Up in Singapore
We offer top-notch incorporation services in Singapore that are affordable and customized to your needs.
We Partner With More Than 100+ Companies
Singapore Company Registration Advantages
Benefits of Singapore Company Registration
Economic Growth and Prospects in the Singapore
Singapore boasts one of the world’s most stable economies, characterized by a lack of foreign debt, substantial government revenue, and a consistently positive surplus.
The economy thrives on exports in electronics manufacturing and machinery, financial services, tourism, and hosting the busiest cargo seaport globally.
Changi Airport – regularly ranked as the world’s best airport – serves more than 100 airlines flying to about 100 countries and territories globally. Over 62 million passengers pass through the airport a year.
Why Incorporate With OnDemand International ?
Here are some of the reasons you should choose OnDemand International for your business in Singapore
Rapid processing time
A Strong Partnership With Banks
Choose the type of company you want to incorporate
Registering a Private Limited Company (limited by shares) involves a straightforward process, even though it is considered a distinct legal entity, separate from its shareholders and directors.
- Shareholders are only liable for company debts up to their share capital
- Corporate income tax ranges from 0% to 17%
- New Singapore companies may qualify for tax exemptions
- Both local and foreign shareholders are allowed
- Company can hold property under its name
- Singapore Companies Act limits Private Limited Companies to 50 shareholders
- Shares cannot be publicly traded
Establishing a Branch Office shares similarities with creating a Subsidiary Company. However, it is viewed as an extension of the parent company, not an independent legal entity.
- Allows 100% foreign ownership
- Can enter contracts on behalf of the parent company
- Benefits from leveraging the foreign company’s reputation
- Parent company bears liability for losses.
- Bound by the same regulations as the parent company.
- Requires an existing parent company for setup
A Sole Proprietorship has one owner who is personally responsible for any profit and losses. The business and its director are considered as a single entity.
- Owner retains all profits
- Taxed at personal income tax rate, with fewer compliance obligations
- Owner personally liable for losses, risking personal assets
- Not eligible for corporate tax exemptions and rebates.
A Partnership can be owned by at least two individuals or a company. Owners have limited liability, akin to shareholders in a Private Limited Company.
- Limited liability for partners beyond their share capital
- Income tax statements instead of annual returns
- Reduced government compliance compared to Private Limited Companies
- Complex ownership transfer compared to Private Limited
May have a less consumer-focused image.
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