Foreigners who wish to set up business in Singapore may consider set up Singapore Private Limited Companies (Pte. Ltd.).

The Main Advantages of Singapore Pte. Ltd. companies:

  • Most conventional and trusted structure
  • The company structure is easy to understand. A company has directors, shareholders, company secretary, auditors, registered address and share capital
  • Provide flexibility to foreigners an option to relocate to Singapore via Employment Pass/Entrepreneur Pass (subject to approval by Authority). Dependent Pass is also available to the immediate family members of foreigners (subject to approval by Authority)
  • Certain companies are exemption from audit (subject to conditions)
  • Certain companies are eligible for tax exemption from the first S$100,000 of chargeable income for the first 3 years of assessment(subject to conditions)
  • Low corporate tax rate. Corporate tax rate is 17% on chargeable income (income less allowable expenses)
  • Singapore has good banking system

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