Services

Offshore Company Registration in Singapore

Capital: Singapore.
Official languages: English, Malay, Chinese, and Tamil.
Currency: Singapore dollar.

 

The most common forms for registering a company are the Private Limited Company (PTE Ltd) and the Limited Liability Partnership (LLP).

Tariffs
Карта Offshore Company Registration in Singapore
7% GST
17% Corporate Tax
0% Dividends Tax
1 SGD Minimum Capital
75% Tax exemption on first SGD 100,000

Company registration provides the following benefits:

 

  • Fast and straightforward company registration process.
  • Singapore is not included in offshore blacklists.
  • Favorable tax environment.
  • Singapore has double taxation agreements with many countries.

Singapore is a city-state located on the island of the same name off the southern coast of the Malay Peninsula.

 

In addition to being one of Asia's most important financial and business centers, Singapore has a highly developed economy based on the service sector, transit trade, and high technology. GDP per capita is one of the highest in the world.

 

Singapore is considered to be one of the world's leading economies in terms of several factors, including the level of economic freedom, the protection of investor rights, and simplified taxation.

Taxation and Reporting Features

Corporate Income Tax:

  • Standard rate: 17%
  • Partial tax exemption for new companies
  • Tax incentives for specific industries

Goods and Services Tax (GST):

  • Standard rate: 7%
  • 0% on export of goods and international services
  • Exemptions for specific goods and services

Dividends:

  • No withholding tax on dividends for non-residents
  • Exemption for Singapore residents under certain conditions

Company registration in Singapore is conducted through BizFile+ — the online filing and information retrieval system of the Accounting and Corporate Regulatory Authority (ACRA). The chosen company name must be approved and registered via this platform.

To incorporate a company, an application signed by the director must be submitted, stating the essential company details. This is accompanied by documents such as the constitution, declaration of compliance, and identification documents of the directors and shareholders.


Upon incorporation, the company's details will be reflected in the ACRA's public records. Furthermore, registration with the Inland Revenue Authority of Singapore (IRAS) for tax purposes is necessary.

At the time of registration, the company must have:

  • A Unique Entity Number (UEN) issued by ACRA — required for all business transactions.
  • The company's constitution verified by ACRA or an authorized agent.
  • A bank account confirmation letter demonstrating adequate capital for registration. It must include the company name, shareholders, and their respective capital contributions.
  • Payment receipt for the registration fee and any applicable charges.

Pte. Ltd in Singapore

  • Limited liability protection
  • Minimum 1 director / 1 shareholder required
  • Efficient business structure
Offshore Company
€3 700
Annual expenses: ~€4,500

Offshore Company Registration in Singapore

Corporate Tax 17% Partial tax exemptions available
GST 7% Goods and Services Tax
Dividends 0% No tax on dividends
Capital Gains 0% No capital gains tax
Withholding Tax 15% On certain payments to non-residents
Property Tax 10% Based on annual value of the property

Additional information

Reporting
Confidentiality
  • Financial reporting: Mandatory annually (SFRS/IFRS)
  • Audit: Mandatory for all companies
  • Annual Return: Filed within a month after the AGM
  • Tax return: Income Tax Return to the IRAS
  • Employer's Return: If there are employees
  • Registers: Shareholders and directors (mandatory)
  • Directors' details Publicly available in the registry
  • Shareholders' details Publicly available
  • Financial reporting Confidential (not published)

Timeline and Stages

  • 01

    Preparation of documents and company name selection

    1-2 days
  • 02

    Name search in Singapore's ACRA database

    1 day
  • 03

    Submission of documents to ACRA

    1 day
  • 04

    Receiving the Company Incorporation and Business Profile

    1-4 days
  • 05

    Setting up a corporate bank account

    2-4 weeks

The bottom line

It is important to remember that offshore company legislation in Singapore is subject to change and that you should always seek the advice of a specialist with experience in this field to obtain the most up-to-date information. Establishing and operating an offshore company requires care and compliance with all relevant laws and regulations. Therefore, before starting the registration process, consulting with IT-OFFSHORE legal specialists who specialize in offshore structures is recommended.

Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. In addition to assisting you in legally registering your company, we also handle several subsequent tasks on your behalf.

In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, and obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business following a particular jurisdiction's laws.

Cost calculation

Add the required options for your company:

Итоговая стоимость ( база €3 700 + доп):
€3 700

FAQ

Can you register a company remotely?

Yes, in most cases — you can.

Remote company registration is available in the vast majority of popular jurisdictions today. Modern corporate services, electronic document management and professional registered agents make it possible to complete the entire registration process without being physically present in the country.

The process typically works as follows: you provide the required documents electronically, sign them remotely — via a notary, apostille or electronic signature — and a local registered agent handles all communication with government authorities and document submission on your behalf.

This has been made possible by several factors: most countries allow foreign founders and directors, corporate service providers operate remotely across the globe, and the digitisation of government registries has significantly streamlined and accelerated the procedures.

The one step that may still require in-person presence is opening a corporate bank account — however, even here many banks and fintech platforms now offer remote identity verification.

What documents are needed for registration?

Registering a company in most jurisdictions requires a standard set of documents. For individuals — founders and directors — the typical requirements include: a certified copy of a passport, proof of residential address (utility bill or bank statement no older than 3 months), and in some cases a bank reference letter or CV.

For corporate shareholders, the required documents include: certificate of incorporation, articles of association, register of directors and shareholders, and confirmation of the ownership structure.

Do I need to keep accounting records and submit reports?

Accounting and reporting requirements vary significantly depending on the jurisdiction. In most countries, companies are required to maintain proper bookkeeping, file annual financial statements and submit tax returns.

At the same time, there are a number of jurisdictions where reporting requirements are minimal or effectively non-existent for non-resident companies. These include, for example, the Marshall Islands, the Cook Islands, Panama, Belize, Seychelles and Vanuatu — in these countries, companies that do not conduct business within the territory of the registration state are generally exempt from mandatory financial reporting and audit requirements.

We provide full company administration services, including preparation and submission of annual reports, liaison with local authorities and ensuring full compliance with all corporate requirements of the jurisdiction.

Is it possible to open a bank account for a company?

Yes, opening a corporate bank account is possible for virtually any jurisdiction, however this process deserves careful attention. Today businesses have two main options: traditional banks and fintech platforms.

Traditional banks offer a full range of financial services, but account opening requirements have become increasingly stringent — KYC procedures, source of funds confirmation, business plans and in some cases in-person presence may be required. Fintech platforms — such as Wise, Airwallex, Revolut Business and others — open accounts significantly faster and remotely, making them a popular solution for international companies at an early stage.

Is it possible to use nominee directors?

Yes, the use of nominee directors and shareholders is a common and legitimate practice in international corporate structuring. A nominee director is formally listed in the company registry but acts exclusively in accordance with the instructions of the beneficial owner, providing an additional layer of privacy.

This service is particularly in demand in jurisdictions where information about directors and shareholders is entered into a public register — for example, in Cyprus, the United Kingdom, Malta and a number of other EU countries. In offshore jurisdictions, nominee services are also widely used to simplify corporate governance and protect ownership structures.

We provide nominee director and shareholder services for any jurisdiction we work with.

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