WHAT DOCUMENT DO I NEED?

What documents do i need?

  1. Identification Documents
    – NRIC or FIN Card
    – Passport
  2. Proof of Your Residential Address
    – Utility bills
    – Telco bills

 

HOW DO I RELOCATE TO SINGAPORE?

How do i relocate to Singapore?

  1.  Types of work permit in Singapore.
    – Employment Visa for 12 months.
    – Minimum salary S$3,600 or S$6,000 if need to apply for Dependent Pass.
    – Minimum 3 years working experience.
    – To access your eligibility, click here

WHICH BUSINESS ENTITY SHOULD I CHOOSE?

Which business entity should I choose?

  1. Best company structure in Singapore

    – Private Limited Company.
    – Minimum one local singapore resident director needed, no need to hold any shares.
    – Minimum paid up capital S$1,000.

 

HOW DO I OPEN A BANK ACCOUNT IN SINGAPORE?

How do I open a bank account in Singapore?

  1. Documents Needed to Open Bank Account

    – Company’s Constitution.
    – Original passport and or NRIC Card.
    – All directors & shareholders need to be present to open Singapore bank accounts.

DO I NEED A LOCAL DIRECTOR?

Do I need a local director?

According to Company’s Act 50, it is a requirement to have a local resident director.

It is commonly refer to:

– Singapore citizen- Singapore permanent residence|
– Employer Pass Visa Holder (certain conditions required)
– Dependent Pass Visa Holder (certain conditions required)

WHEN DO I NEED TO DO MY TAX?

When do I need to do my Tax?

  1. ACRA Annual Filing & Annual General Meeting (AGM)
    – Every company should perform to above compliance once every calendar year or 15 months from the date of the last AGM.
  2. All companies need to submit 2 tax forms to IRAS.
    – Estimated Chargeable Income form within 3 months from the company’s financial year end.     
    – Corporate Income Tax Returns known as Form C-S or Form C by 30 Nov of each year.