Company Corporation
A company corporation in Singapore is a legal entity that is separate from its owners. This means that the corporation has its own rights and liabilities, and its owners are not personally liable for the corporation's debts or obligations. Corporations are typically formed by filing articles of incorporation with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore.
There are two main types of companies in Singapore:
Private Limited Company (Pte Ltd): This is the most common type of company in Singapore. It can have a maximum of 50 shareholders, and its shares cannot be offered to the public.
Public Limited Company (Ltd): This type of company can have an unlimited number of shareholders, and its shares can be offered to the public.
Benefits of Incorporating a Company in Singapore
There are many benefits to incorporating a company in Singapore, including:
Favorable tax system: Singapore has a low corporate tax rate of 17%, and there are no capital gains taxes or dividend taxes.
Ease of doing business: Singapore is ranked as one of the easiest countries in the world to do business in. The government offers a variety of support programs for businesses, and the regulatory environment is transparent and efficient.
Strategic location: Singapore is strategically located in Southeast Asia, making it a good base for businesses that want to reach the region's growing markets.
Skilled workforce: Singapore has a highly skilled and educated workforce.
How to Incorporate a Company in Singapore
To incorporate a company in Singapore, you will need to:
Choose a company name and check its availability with ACRA.
Appoint a company secretary.
File the necessary incorporation documents with ACRA.
Pay the incorporation fees.
Once your company has been incorporated, you will need to open a corporate bank account and obtain the necessary business licenses and permits.
Singapore is a great place to incorporate a company. It offers a favorable tax system, ease of doing business, strategic location, and skilled workforce. If you are thinking about incorporating a company in Singapore, there are a number of resources available to help you get started.
If you are thinking about incorporating a company in Singapore, Bestar is available to help you get started
Bestar is a company incorporation service provider in Singapore that can help you get started with the process of incorporating your company. We offer a variety of services, including:
Company name search and reservation
Preparation and filing of incorporation documents
Opening of corporate bank account
Obtaining of business licenses and permits
Provision of a registered office address
Company secretarial services
Bestar also offers a variety of customizable packages to suit the needs of different businesses. If you are unsure which package is right for you, you can contact Bestar for a free consultation.
Here are some of the benefits of using Bestar to incorporate your company in Singapore:
Expertise: Bestar has a team of experienced professionals who can help you with all aspects of the incorporation process.
Convenience: Bestar offers a one-stop shop for all of your company incorporation needs.
Affordability: Bestar offers competitive rates for their services.
If you are thinking about incorporating a company in Singapore, contact Bestar to learn more about our services.