Singapore is one of the leading global financial nations and a major capitalist service economy with free trade and low taxation. Singapore is also the best place you can do business due to its low crime rates. If you are foreign, a private limited company is one of the easiest and most famous businesses you can start. With a team of knowledgeable staff at Margin Wheeler Pte Ltd, we can assist you by offering a cheap Singapore company formation process as indicated below.
Requirements of company formation Singapore
Company name: You need to provide between 2 to 3 suggested names and obtain approval for one of the names as your company name.
Directors: The company should have at least one resident director with a dependent pass, employment pass, or permanent resident. The number of both foreign and local directors is flexible.
Shareholders: Public limited company in Singapore should have between 1 to 50 shareholders
Company secretary: After the incorporation process, you are required to appoint a certified company secretary within six months, and only a permanent Singapore resident can become a secretary.
Paid-up capital: During registration, you must have a paid-up capital of at least S$1 that can be increased after incorporation.
Registration address: You need to register a local business address that can be commercial or residential but not a post office.
Taxation: Singapore has the best efficient tax benefits. For instance, companies are not charged capital gains taxes and dividends. Also, on …