singapore company incorporation- sbs group

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1. SBS Consulting Pte Ltd One Stop Professional Services Website: www.sbsgroup.com.sg
2. Why Incorporate in Singapore ? According to the World Bank Report 2020, Singapore is the second-best place to do business in. At a flat rate of 17%, the corporate income tax rate is highly affordable. Singapore is a well-organised country with an efficient mass transportation system, a stable political environment, a growing economy, and a low crime rate. It is a place fit for clean and secure living.
3. Business Structures in Singapore Choose a business structure for Singapore company incorporation carefully. It can affect business' taxation, funding, and growth. • Private Limited Company (Pte Ltd) • Subsidiary Company • Branch Office • Limited Liability Partnership • Sole Proprietorship
4. Private Limited Company (Pte Ltd) One to fifty shareholders can incorporate a Singapore company. A private limited company is tax-efficient and exists perpetually. A Pte Ltd, • Limits shareholders' liability to their share capital • Is responsible for its losses or debts • Pays corporate income tax on its chargeable income • Has a separate legal identity from the shareholders • Can buy or sell property in its name • Can sue or be sued in its name • Can claim tax benefits and exemptions • Transfer of share ownership is easy
5. Subsidiary Company Singapore subsidiary company is a form of limited liability company. Foreign corporates prefer it. • Parent company can own 100% shares of the subsidiary • Parent's liability is limited to its share capital • Subsidiary is responsible for its debts and losses • Parent must relocate an employee under Employment Pass • To take charge of its subsidiary
6. Singapore Branch Office Foreign SMEs opt for Singapore company incorporation to register their branch office. A Singapore branch office; • Is an extension of its parent company • Needs to hire at least one ordinarily resident of Singapore • The management needs to follow the parent company's agenda • The parent is liable for the debts & liabilities of its branch office
7. Limited Liability Partnership (LLP) Two to twenty individuals and/ or corporates can register an LLP. • LLP has separate legal existence from its members • It combines the benefits of a partnership and a company • It is beneficial to members to have complimenting skills • Members are liable for LLP's loss • Partnership agreement documents each member's contribution, responsibilities, and share of profit • Members pay personal income tax on their income from LLP
8. Sole Proprietorship A sole proprietorship is a business firm and not an incorporated company. The owner's liability is unlimited so use it only for risk-free activities. • It is not a separate legal entity • Its credibility depends on its owner • It is easy to register and takes only a few hours • Proprietors pay income tax on the income from their sole proprietorships • Transfer of ownership is not easy • Cease to exist on the death of the proprietor
9. Pre-Incorporation Requirements Before you initiate the Singapore company incorporation process, you need to fulfil the following criterion: • Minimum initial paid-up capital of $1 • At least one shareholder • At least one local or resident director • At least one company secretary • Registered local address
10. How Can We Help You We are a registered filing agent in Singapore. We are authorised to interact with ACRA, pay official fees, and submit incorporation and KYC documents and your application to incorporate a Singapore company. We, • Advice on all the incorporation documents you need • Pay S$15 as the fee to register the company name • Submit an application for Singapore company incorporation • Pay S$300 as the application processing fee • Track the status of your application • Assist in opening a corporate bank account, company seal, GST registration, Etc
11. Appoint SBS to Incorporate a Singapore Company We provide one-stop Singapore company incorporation services to locals and foreigners. To know our promotional package to incorporate a Singapore company, get in touch. Contact Us: SBS Consulting Pte Ltd Phone: +65-6536 0036 Email: info@sbsgroup.com.sg Website: www.sbsgroup.com.sg