Company Incorporation Service in Singaporeadmin2021-07-26T17:57:59+08:00
Incorporation Checklist (Free PDF & Excel)
What’s the process?
Focus on discussing strategy for your company with our incorporation specialists. The rest of your set up can be done in one day. Three steps of submitting documents, making payment and signing to finalise your incorporation – all on our www.iBizFile.com platform.
Your Business Name & activities
At least one local resident
At least one shareholder
At least s$1 capital
A company secretary
An physical local address in Singapore
Is it mandatory to have a Corporate Secretary?Tiwi2021-05-10T15:16:32+08:00
Every incorporated company in Singapore is required to have a company secretary. Company secretaries are there to assist in the general running of the company and ensure that the company’s directors and shareholders remain properly informed about all regulatory obligations
How much does it Cost to Incorporate a Company in Singapore?Tiwi2021-05-10T15:16:52+08:00
A newly incorporated company which satisfies the qualifying conditions can claim a 75% tax exemption on the first S$100,000 and, A 50% tax exemption on the next S$100,000 of normal chargeable income for each of its first 3 consecutive years of assessment (YAs).
In Singapore, there are TWO types of banks you can choose from; Local & Foreign. Each of them can cater to your needs.
Locally, there are 4 different banks; Bank of Singapore, DBS, OCBC and UOB.
Internationally, there are 117 different banks and here are some examples; HSBC, BNP Paribas, ABN AMRO, Maybank, Standard Chartered, Citibank.
Alternatively, you can consider using Aspire, a Neobank comprises of various perks (I.e., No minimum deposit is required, No monthly fees, etc.) with reference to traditional banks. Find out more from here
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