If you’re incorporating a company in Singapore and want to relocate, you can apply for either an Employment or Entre Pass. An Employment Pass is applicable for foreign professionals, managers or executives earning at least S$4,500 a month and with acceptable qualifications. An Entre Pass is applicable to eligible foreign entrepreneurs who are looking to start and run a business in Singapore.
In the meantime, we can help you to appoint a Nominee Director in order for you to register your company. After you secure your work pass, directorship can be transferred to you.
Your company needs to register for GST in Singapore if your tax exceeds S$1 million in the past 12 months or is expected to exceed S$1 million in the next 12 months.
Singapore companies need to file an Estimated Chargeable Income (ECI), Income Tax Returns, and an Annual Return (AR) yearly. Companies also need to conduct an Annual General Meeting (AGM) to present their financial statements to company shareholders and to address shareholder concerns.
You need to file corporate Income Tax Returns to the Inland Revenue Authority of Singapore (IRAS) physically by 30 November or online by 15 December every year.
You need to submit your Estimated Chargeable Income (ECI) to the Inland Revenue Authority of Singapore (IRAS) within 3 months of your company’s Financial Year End (FYE). We can help you choose an FYE that maximises tax benefits and exemptions for your company.
To incorporate a company in Singapore, you need at least one resident director, at least one shareholder, at least one resident company secretary, a minimum paid capital of $1 and a Singapore address.
The director of a company must ordinarily live in Singapore and should be at least 18 years old. This means the director can be a Singapore citizen, Singapore PR, or a person holding a Singapore Employment, Entre Pass or Dependant’s Pass.
You need to appoint a company secretary within 6 months after incorporating your company. The company secretary position cannot be left vacant for more than 6 months at a time.
Yes, incorporating a subsidiary company in Singapore allows you to fully own your business.
When all the necessary documents are ready, incorporation can happen swiftly. We can help you to incorporate your company as quickly as within 24 hours, depending on the service hours and approval of the relevant authorities.
No, a foreigner cannot incorporate a company on his/her own. The company registration process happens online and requires a SingPass account, which foreigners do not have. Instead, we can help you easily incorporate a company on your behalf.
To register your company, we need you to pass us the following information so that we can do the rest: