Singapore

Singapore is an island country located off the southern tip of the Malay Peninsula. A former British colony gained independence in 1819 and since then has become a prosperous world economy, one of the Four Asian Tigers.

Singapore is a multicultural kaleidoscope, it is home for people of different ethnicities and nationalities. At least eight religions are widely practiced in the country and the official languages are English, Mandarin Chinese, Malay and Tamil.

Singapore is a parliamentary republic and its constitution establishes representative democracy as its political system. The country is rated as one of the least corrupt countries in the world. Singapore attracts a lot of foreign direct investments due to its stable political climate, good economic conditions and low taxes.

Key Corporate Features

General

  • Basis of Legal System Common
  • Type of Company Ltd
  • Tax on Offshore Profits Nil
  • Redomiciliation Permitted No
  • Time to Form up to 5 Days

Corporate Requirements

  • Minimum Shareholders 1
  • Minimum Directors 1

Corporate Administration

  • Corporate Directors Permitted No

Local Requirements

  • Registered Office/Agent Yes
  • Company Secretary Yes
  • Director Yes
  • Meetings No

Public Filings

  • Directors Yes
  • Shareholders Yes
  • Beneficial Owners No

Annual Filing Requirements

  • Annual Return Yes
  • Audited Accounts Yes

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