Singapore
Singapore is situated at the southern tip of the Malaysian Peninsula. Strategically located along the major shipping and air routes of Asia, it is the major nerve centre for trade and investments in the region. Spanning just over 622 sq km, Singapore, though small, is undoubtedly an advanced and bustling economy. It thrives on an excellent infrastructure, a highly educated labour force, political stability and an efficient business environment. Singapore is an ideal holding company and headquarters location and a gateway for foreign investments in to the emerging economies of Asia, such as China, India, Vietnam, Indonesia and Thailand.
Key Corporate Features
General |
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| Type of entity: | Resident/Non Resident |
| Type of law: | Common |
| Time to establish a new company: | 7 days |
| Minimum government fees (excluding taxation): | S$365 |
| Corporate taxation: | Varies |
| Double taxation treaty access: | Yes |
Share capital or equivalent |
|
| Standard currency: | SGD$ |
| Permitted currencies: | Any |
| Minimum paid up: | S$1 |
Directors or Managers |
|
| Minimum number: | One |
| Local required: | Yes - one |
| Publicly accessible records: | Yes |
| Location of meetings: | Anywhere |
Members |
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| Minimum number: | One (Corporation or Individual) |
| Publicly accessible records: | Yes |
| Location of meetings: | Anywhere |
Company Secretary |
|
| Required: | Yes |
| Local or qualified: | Yes |
Accounts |
|
| Requirement to prepare: | Yes |
| Audit requirements: | Yes but there are exemptions |
| Requirement to file accounts: | Yes but there are exemptions |
| Publicly accessible accounts: | Yes but there are exemptions |
Other |
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| Requirement to file annual return: | Yes |
| Change in domicile permitted: | No |
