Singapore Company Registration 2021
Registration of a Singapore company 2021 is a quite complicated procedure. This jurisdiction is gaining popularity among entrepreneurs, as it offers numerous tax benefits, and business incentives at the state level. The economy of the country is open.
Opening a company in Singapore in 2021 gives the possibility of additional financing for different companies. There are no restrictions on the movement of capital.
Features of opening a company
Limited Liability Company is considered the most popular legal form. The founder can be an individual or a legal entity. Availability of Singapore residence is not required, but it can give a number of preferences. One of the directors must be a resident - it can be a nominee.
The main stages of registration:
- Drawing up and securing a company name;
- Preparation of constituent documents - providing information on the founders;
- Registration of the office;
- Use of nominal service, if necessary;
- Submission of information to ACRA;
- Possession of license, if necessary.
To specify more details about the nuances of business registration, reach out to our specialists at IT-OFFSHORE. The procedure for opening a bank account is relatively accessible. You can open an account in any jurisdiction.
Businesses and professions in high demand
Some of the most popular business areas in Singapore are wholesale trading, information technology, and fintech. There are a number of tax exemptions for some areas, and there is no requirement to pay dividend and capital levy. A local company can get an exemption from corporate tax if it conducts business outside the state.
Singapore is open to foreign investment. It is possible to open a private company with limited liability or partnership, partnership, as well as a public company with limited liability.