Establishment of Singapore Company

Compass Services

Establishment of Singapore Company

Singapore plays as an attractive destination for investment and business with its growing importance in Asia with world-class infrastructure.

Service Inquiry & Quotation

Advantages of Singapore Company:

Registration Process: Simple and efficient incorporation process requiring only one local director. Minimum paid-up capital of SGD 1 with flexible capital contribution schedule

Tax Benefits: Extensive network of tax agreements with multiple countries

Tax Incentives:

  • 75% tax exemption on first SGD 100,000 of chargeable income for first 3 years
  • 50% exemption on next SGD 100,000
  • Corporate tax rate of 17%
  • No personal income tax on shareholder dividends

Customs and GST:

  • Most imported goods are duty-free
  • Zero-rated GST for international logistics and insurance services
  • Current GST rate at 7%, reducing operational costs

Financial Freedom:

  • No foreign exchange controls
  • Unrestricted profit repatriation and capital raising options

Business-Friendly Environment:

Various business incentive schemes including:

  • Regional Headquarters (RHQ) Program
  • Global Trader Program (GTP)
  • Government grants to enhance market competitiveness

Immigration Benefits:

  • Entrepreneur visa options
  • Pathway to permanent residency through business operation
Service Package Includes:
Company Name Verification (must end with “PTE. LTD.”, English only)
  • Local Director Service
  • Registered Address Provision
  • Corporate Secretary Services
  • Certificate of Incorporation
  • Corporate Documents: 3 sets of company constitution and Share certificates
  • Corporate Seals and Stamps
  • Certified True Copies by Company Secretary
  • CorpPass Registration Assistance
Timeline and Process
  • Average incorporation time: 2 weeks
  • Remote processing available (physical presence not required)
    Banking assistance available (optional)
  • Serving as a nominal director can help open a new bank account in Singapore.
  • Assist the client in holding a meeting and signing the account opening resolution.
Required Documentation

Application and KYC Forms

Directors’ and Shareholders’ Documents:
  • Passport copies (both sides)
  • Passport-holding photo
  • Proof of address (within 3 months):
  • Recommended Paid-up Capital:
    SGD 10,000 – 50,000 (flexible based on business needs)