Private Limited Company for Singapore Residents
A private limited company in Singapore is a separate legal entity and shareholders are not liable for the company’s debts beyond the amount of share capital they have contributed. According to the Singapore Companies Act, any person (foreign or local) above the age of 18 can register a Singapore company. A private limited company is the most advanced, flexible, and scalable type of business incorporation in Singapore.
Requirements to Register a Singapore Pte Ltd:
1 Local Resident Director
At least 1 Shareholder
1 Company Secretary
Minimum paid-up capital of S$1
A local registered office address
If you are a Singapore resident who is looking at this route, Inctro can provide wit assistance to the incorporate of your company with ACRA.
Package Includes:
- Incorporation of Singapore company
- Company Secretary
- Registered Address (if you want to use our prestigious address)
FAQ's
- A private limited company is most ideal because can qualify for tax exemption schemes and is taxed at the effective corporate rate of 0-17%, it is a separate legal entity and is distinct from its shareholders and directors.
- A minimum of 1 and a maximum of 50 shareholders.
- Tax Exemptions: Singapore government encourages the spirit of entrepreneurship and innovation. For newly incorporated companies that meet the qualifying condition, there are substantial tax exemptions.
- Ease of Raising Capital: Capital can be raised for the expansion and growth of the company by bringing in new shareholders or issuing more shares to the existing shareholders.