Singapore Company Incorporation

Singapore Company incorporation is easy to carry out in the offshore tax haven of Singapore. Offshore company incorporation in Singapore is guided by the Singapore Companies Act. Offshore company formation in the tax haven can be done by agents who act on behalf of clients. Before Singapore Company Incorporation can take place the persons interested in Singapore company registration must submit the name chosen for the company to the Accounting and Corporate Regulatory Authority (ACRA) for approval. Names which are considered to be offensive or a name which has already been used or is similar to an existing Singapore corporation will not be suitable.

Once the name is approved a Memorandum of Association and Articles of Association is filed. The information below is required for offshore incorporation in Singapore;

• The name of the Singapore company
• Name and address of directors
• Name and addresses of shareholders
• Registered address of the corporation in Singapore
• The business operations the company will carry out
• Name and address of the company secretary
• Authorized share capital for the company
• By-laws of the company.

Singapore company legislation makes it mandatory for a Singapore corporation to be registered with at least one director who is a resident of the jurisdiction. Offshore company incorporation can be completed in one working day. A enterprise construction, similar to Seychelles company registration, fee is paid to the registering authority and a Certificate of Incorporation will be granted officially making the Singapore offshore company a legal business company.

Singapore offshore company formation provides a business company which may need to apply for a special business license before this company can provide certain business operation; this includes financial services, insurance and others. Once a Singapore company has been incorporated this entity will not pay ay Singapore taxes on incomes sourced outside of Singapore