Incorporation
Singapore Company Incorporation
Do you know that Singapore was ranked as the top 3 country in the world for doing business as surveyed by the World Bank? Incorporating a company in Singapore can be as fast as 1 business day with a paid-up capital of only S$1. The law also allows 100% foreign ownership of the company!
Incorporation with Excellence Singapore is as easy as A, B, C! You simply need to fill in the digital form and decide whether if you need other services such as trademark registration, payroll, recruitment & work pass, virtual office, contract & agreement templates and domain and web hosting.
Reasons to incorporate a company in Singapore
Singapore may be a small red dot in the global map to register company and incorporate an entity, but when it comes to doing business and incorporating a company in Singapore, it is one of the ideal and popular choices for local and foreign entrepreneurs for company registration. There are solid reasons that make Singapore a top choice for registering a company and start a business entrepreneur, and these include:
Developed Tax System
Singapore has one of the lowest personal and corporate tax regimes worldwide. Companies (resident and non-resident) that carry on a business in Singapore are taxed on their Singapore-sourced income when it arises and on foreign-sourced income when it is remitted or deemed remitted to Singapore. Non-residents are subject to withholding tax on certain types of income (e.g. interest, royalties, technical service fees, rental of movable property) where these are deemed to arise in Singapore. Singapore’s current headline tax rate is capped at 17%. However, with the tax exemption and incentive programs offered by the Singapore government, the effective Singapore corporate tax rate can be significantly lower. New start-up companies are granted a tax exemption scheme for the first S$200,000 of normal chargeable income. There are no capital gain, dividend or estate/inheritance taxes in Singapore.
Popular Trade Eco-System
Over the years, through its extensive and dedicated diplomatic efforts, the city-state has established over 90 DTAs (Double Taxation Agreements) and over 25 FTAs (Free Trade Agreements) that have helped Singapore incorporation company connect to major economies of the world, providing excellent business prospects for entrepreneurs operating in Singapore.
Strategic-Geographical Location
Located in the centre of South East Asia (SEA) with access to key trade routes, register company in Singapore will entitle a strategic geographic location, providing businesses an easy way to venture into other ASEAN countries for growths and investments
Meritocracy-Business Policies and Environment
Singapore is both politically stable and provides an excellent pro-business environment to entrepreneurs to register company in Singapore. The city-state is rated as top 3 in the world by the World Bank, typically because of the ease of setting-up and doing business here.
Guide for business registration and incorporation
We have summarised a few things that will help you in expediting the completion and successful incorporation of your company with government body ACRA.
Few things that you will need to register a business
- 2 – 3 Tentative Company Names of your preference
- Main 2 Principal Business Activities Descriptions.
- Registered Office Address (An example, Excellence Singapore Virtual Office’s i.e. 17 Circular Road #02-00 Juta Building Address OR your physical office that you own or rent).
- A Copy of NRIC – Front and Back (Local Director & Shareholder).
- A Copy of Passport, Proof of Foreign Address (Foreigner Director & Shareholder).
- Defined Share percentage for each shareholder in the company body
- ACRA Paid-up capital amount of at least (SGD$1)
Hong Kong Incorporation
Known for its strategic location, vibrant economy, and business-friendly policies, Hong Kong is an attractive destination for businesses looking to tap into the Asian market.
Gateway to Asian Markets
Setting up a company in Hong Kong comes with numerous advantages. Its strategic location at the heart of Asia makes it a gateway to Mainland China and other rapidly growing Asian markets. This unique position provides businesses with easy access to a vast and diverse consumer base, offering immense growth opportunities. Whether you are targeting the Chinese market or the broader Asian market, Hong Kong is your ideal launchpad.
Benefits for Foreigners
Hong Kong is one of the most foreign-friendly jurisdictions in the world. There are no restrictions on foreign ownership of companies, and foreigners can be the sole director and shareholder of a Hong Kong company. This openness to foreign investment makes Hong Kong a highly attractive destination for international businesses. The process of setting up a company is straightforward and efficient. Furthermore, Hong Kong’s immigration policies are favourable towards foreign entrepreneurs and investors, offering several visa options for those wishing to relocate. This ease of doing business, combined with the city’s cosmopolitan lifestyle and high quality of life, makes Hong Kong an appealing choice for foreign entrepreneurs.
Popular Trade Eco-System
Over the years, through its extensive and dedicated diplomatic efforts, the city-state has established over 90 DTAs (Double Taxation Agreements) and over 25 FTAs (Free Trade Agreements) that have helped Singapore incorporation company connect to major economies of the world, providing excellent business prospects for entrepreneurs operating in Singapore.
Attractive Tax System
Hong Kong also boasts a simple and low tax system, one of the most attractive in the world. With its low corporate tax rate, absence of sales tax or VAT, and no tax on dividends, Hong Kong offers a highly competitive environment for businesses to thrive. This tax-friendly regime extends to foreign businesses as well, making Hong Kong an economically attractive destination for international expansion.
Strong Legal System
Hong Kong’s well-established legal system, based on English Common Law, ensures the protection of business rights and interests. This strong rule of law, coupled with the city’s commitment to free trade and free market principles, provides a stable and secure environment for businesses. Whether you’re entering into contracts or resolving business disputes, you can trust in the fairness and transparency of Hong Kong’s legal system.
Ease of Doing Business
Hong Kong is renowned for its ease of doing business. The city’s efficient and transparent regulatory environment, coupled with its advanced infrastructure and business-friendly policies, makes it an ideal place for businesses to thrive. This extends to foreign businesses as well, making Hong Kong a highly attractive destination for international business expansion.
U.S Incorporation
The United States, with its robust economy, dynamic market, and business-friendly environment, is a prime destination for entrepreneurs and businesses looking to expand their global footprint.
Access to World’s Largest Consumer Market
Setting up a U.S. entity can unlock a plethora of opportunities. The U.S. is home to the world’s largest consumer market, providing businesses with unparalleled access to a diverse and affluent customer base. This vast market potential is complemented by a culture that celebrates innovation and entrepreneurship, making it an ideal breeding ground for businesses of all sizes and sectors.
Benefits for Foreigners
Foreign entrepreneurs can establish a business in the U.S. without any citizenship or residency requirements. This makes the U.S. a highly accessible destination for international business expansion. The U.S. also offers several visa options for business owners and investors who wish to live and work in the country.
Equal Opportunities
Foreign-owned U.S. businesses have access to the same resources and opportunities as U.S.-owned businesses. This level playing field encourages foreign investment and contributes to the diversity and dynamism of the U.S. business landscape.
Strong Intellectual Property Rights Protection
The U.S. is globally recognized for its strong protection of intellectual property rights. This robust legal framework is crucial for businesses in the innovation sector, providing the necessary safeguards for your ideas and inventions. Whether you’re a tech startup or a pharmaceutical company, you can innovate with confidence, knowing that your intellectual property is well-protected.
Transparent and Predictable Legal System
The U.S. also boasts a transparent and predictable legal system, ensuring a fair and equitable business environment. This legal certainty, coupled with the country’s stable political climate, provides businesses with the confidence and security they need to invest and grow. Whether you’re negotiating contracts or resolving disputes, you can trust in the integrity and reliability of the U.S. legal system.
Offshore Incorporation (British Virgin Islands)
The Virgin Islands, commonly referred to as the British Virgin Islands (BVI), is a British overseas territory located in the Caribbean to the east of Puerto Rico. The “four pillars” of the economy are tourism, financial services, agriculture and fishing.
A BVI company is a corporation one or more people or entities form in the British Virgin Islands. The term International Business Company or IBC is the official name for what most people think of as “offshore companies” An IBC is a private corporation. One reason a person might use it for international business activity is because it avoids certain taxes. In addition, BVI offshore companies have strict confidentiality provisions and a flexible organisational structure.
It makes for an ideal location for an offshore tax haven. BVI has an independent judicial system based on English common law. The BVI has more than 600,000 incorporations registered, with more than 5,000 new companies registering every month.
Key Benefits
- No minimum capital requirement
- No company secretary required
- Able to open bank account
- No requirement on filing company’s account, taxes or financial information
- 0% tax rate for BVI offshore business. Excellent to legitimately book tax-exempt international profits
- Track record of business information confidentiality. No requirements for beneficial owner to be made public (only record available to the public at this time is the Register of Director.)
Offshore Incorporation (Cayman Islands)
The Cayman Islands is an autonomous British Overseas Territory in the western Caribbean Sea, slightly west of Jamaica. Tourism, shipping, and financial services, notably the licensing of foreign businesses, are among its main sectors. It has long been regarded as a significant offshore financial shelter for both companies and people.
The Exempted Company is the most prevalent type of corporation in the Cayman Islands. Trading is prohibited in the Cayman Islands for Exempted Companies. However, the corporation may enter into contracts and exercise all relevant rights in the Cayman Islands in connection with its business activities conducted outside the Islands.
Key Benefits
- No minimum capital requirement
- No company secretary required
- Able to open bank account
- No requirement on filing company’s account, taxes or financial information
- 0% tax rate for Cayman offshore business. Excellent to legitimately book tax-exempt international profits
- Track record of business information confidentiality. No requirements for beneficial owner to be made public (only record available to the public at this time is the Register of Director.)
Virtual Office
Key Benefits
Our virtual office provides your business with everything to succeed. Stand-out among your competitors with a prestigious central business district registered address, local phone number, mail notification and forwarding, dedicated phone line, call forwarding and a personal receptionist.
Contact us so that we can advise you further!
| Essentials | Professional | Enterprise | |
| Prestigious CBD registered address | ✔ | ✔ | ✔ |
| Local mail redirecting* | ✔ | ✔ | ✔ |
| Dedicated phone line | ✔ | ✔ | |
| Call forwarding# | ✔ | ✔ | |
| Personal Receptionist answering | ✔ | ||
| Meeting room usage^ | 2 hours free per month | ||
| Usage of print machine** | 50 B&W & 10 Colour printing free per month |
*Local mail redirecting services is free of charge. Overseas mailer/courier is separately charged and will include service and coordination charges. Mailers can either be sent to you or you can do self-collection. If you have engage our accounting/secretarial services, we can go the extra mile to open the mailers and scan it to you at your request.
We pledge to ensure that all mails/couriers are properly arranged to be delivered and hold no responsibilities in the event that it get lost in transit.
#Call forwarding services will be for local numbers. For overseas numbers, a refundable deposit of $500 is required. The monthly subscription shall cover the phone base subscription cost and all other costs such as calls charges will be billed to you.
^Comes with free bottled mineral water and internet. Please note that unused hours will not be rolled over to the following month. Payment are to be made in advance and in full prior to usage. Please book 1 business day in advance.
**Please note that unused print will not be rolled over to the following month. Payment are to be made in advance and in full prior to usage.
Trademark
A trademark is not just a symbol; it’s the identity of a business. From letters, words, names, signatures, numerals, and figurative elements to brands, headings, labels, tickets, shapes, and colours, it differentiates your products and services in the marketplace. Customers instantly recognise and distinguish your offerings from competitors through your trademark. But beyond its symbolic nature, a trademark can significantly add value to your business, providing both protection and expansion opportunities.
3 main reasons to register a Trademark
i. Protection from Imitation
Once your trademark is registered, it safeguards against others registering a similar mark. The trademark registrar, Intellectual Property Office of Singapore (IPOS), will typically decline subsequent similar registrations in the same or related goods or services categories. This means your mark is automatically defended, often without you having to step in.
ii. Easier Enforcement
Registered trademarks simplify enforcement. With a registered mark, the primary proof needed is your registration. However, without registration, enforcing trademark rights becomes complex, requiring proof of business goodwill, dishonest imitation by another party, and tangible business loss.
iii. Asset Building
A registered trademark can be leased, sold, or franchised. While it is possible to monetise unregistered marks, having a registered trademark streamlines the process, bolsters confidence in potential buyers or partners, and ensures the mark’s authenticity.
Going Global with Your Trademark
While a Singapore trademark grants protections within its boundaries, businesses today often look beyond local shores. There are two primary paths for international trademark protection:
- National Registration in Targeted Countries: Register your trademark directly in each target country. While this gives direct protection in that territory, it requires understanding and navigating each country’s unique trademark registration process.
- Madrid Protocol & WIPO: A unified application system that allows businesses to seek trademark protection in up to 130 countries covered by the Madrid System’s 114 members simultaneously. Managed by the World Intellectual Property Organization (WIPO), this protocol streamlines registration, management, and renewal processes, making it cost-efficient and time-saving for businesses with a broader vision.
Bank Account Opening
Singapore benefits from a secure and well-organised economic environment as well as political stability. It is one of the four largest financial hubs in the world as well as one of the leading international shipping centres. Singapore is home to hundreds of banks, many of which specialise in providing services in Cantonese, Mandarin, and English.
Benefits of Opening a Singapore Bank Account
- Singapore, a sovereign state, has a strong financial system and stronger account and company information protection
- Free fund transfers, no restrictions on foreign currencies, and easy international commerce resolution
- Free currency conversion, affordable conversion rates and service charge and multiple currency option
- Everyday account operations and internet banking transactions that are convenient
- High success rate for account opening with a straightforward procedure
- Singapore’s banks have numerous branches, a strong international reputation, and a high security rating
- Singaporean banks offer a variety of account opening options without requiring a personal visit
Advantages of having Excellence Singapore in making appointment for bank account opening
- Excellence Singapore have a connection of long-term stability and cooperation with foreign banks in Singapore
- Giving customers accurate and efficient detailed and expert bank account opening guidance
- Providing timely follow-up and advice on the account opening process
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The incorporation form is specifically for Singapore (SG) incorporation. For any other types of incorporation, please feel free to reach out to us for a different incorporation form.
Incorporation Form