Singapore Company Incorporation
You can enlist the services of Dragon Capital to assist you in incorporating a company in Singapore, as well as setting up operations and establishing a business presence in the country. We will guide you through the incorporation process, and we handle all the necessary paperwork, making company incorporation a straightforward experience.
Singapore Company Incorporation Requirements
Singapore requires a local director and a local secretary to be appointed, which is part of our company formation service.
Small/medium Singapore companies must prepare and file unaudited accounts annually.
Companies with assets/turnover above S$10m are subject to audit.
GST (VAT) registration may be required for some companies.
Singapore Taxation Rates
Singapore has one of the lowest corporate tax rates in the world, making it an excellent destination for businesses seeking to reduce their tax burden. With low taxes, companies can save significant money and invest it in their operations.
The maximum tax rate on Singapore profits is 17%, with tax exemptions of up to 75%, bringing the effective tax rate down to 4.25% for recently formed entities.
The corporate tax rate in Singapore is one of the lowest in the world, making it an ideal location for businesses looking to reduce their tax burden.
Singapore banking system
Singapore has a highly developed and efficient banking system, considered one of the best in the world.
Singapore is home to many banks catering to locals and foreigners. The list of banks in Singapore includes local banks like DBS, UOB, OCBC, and other international banks. However, traditional banks require a personal visit to Singapore, which can be time-consuming. There are also often minimum account balances to consider.
As an alternatve, we can introduce you to an e-Wallet for fast and efficient business account set-up without visiting Singapore.
Business Account Opening for Singapore Companies
Business Account Opening for your Singapore company: A robust banking infrastructure is essential for any business to operate smoothly. We can assist you in opening a multi-currency corporate account for your Singapore company, making it easier to manage your finances, process transactions, and establish credibility with your partners and clients.
Professional Website Design
A professional business website that can establish a solid online presence is essential for businesses looking to sell and profit online. With both companies & consumers turning to the internet to research and make purchasing decisions, it’s vital to ensure your company is easily accessible and visible online. By focusing on creating a user-friendly website, engaging social media presence, and effective digital marketing campaigns, you can establish a powerful online brand and connect with customers in new and exciting ways.
About each element of what is included in the incorporation packages
Incorporating a Singapore company has a range of benefits and opportunities for businesses looking to grow and succeed in Asia and beyond. Singapore’s business-friendly policies and ease of business make it an attractive option for startups and small businesses looking to expand their operations.
Setting up a Singapore company has become an increasingly popular option for entrepreneurs and businesses due to its strategic location, stable political environment, robust legal system, and favourable tax regime.
Singapore Company Incorporation
Three-in-One-Packages
Our Three-in-One Package includes creating a professional business website that showcases your products, services, and brand. Our web designers consider your specific requirements and industry standards to craft a website that is visually appealing, user-friendly, and optimised for search engines. A well-designed website can reach a wider audience and enhance your business’s online visibility.
With our Three-in-One Package, you can focus on building and making a profit for your business while we seamlessly handle administrative tasks. Whether you are an aspiring entrepreneur or an established company looking to expand into Singapore, we support you every step of the way.
