Company Formation in Singapore
Service Overview
ASC Consulting Limited specializes in guiding entrepreneurs through the process of company formation in Singapore. Recognized for its favorable business environment, Singapore offers a robust legal system and supportive economic policies, making it a preferred destination for both local and international businesses.
IMPLEMENT
- • Incorporation
• Trademark, Intellectual Property & CopyRights
• Sourcing / QC
• CRM
THINK
DEVELOP
- • Distribution
• Funds raising
• Sell / purchase / stock in Europe
• Digitalize your business
What WE DO
- • Tax consulting
• Hide the source of your goods
• Do business in China
• Set up structuring tools
RUN
- • Administrative services
• Tax Filing
• Temporary CEO / COO
• Recruiting
• System integration
Industry Insights
Singapore's strategic location in Asia, coupled with its reputation as a business-friendly hub, makes it an attractive choice for entrepreneurs. The country is known for its transparent legal framework, efficient bureaucracy, and a stable political environment, which collectively provide a solid foundation for business growth and development.
Types of Companies in SingaporeSingapore's diverse business landscape allows for different types of company structures, each catering to specific business needs:
Sole Proprietorship: Ideal for individual business owners seeking simplicity.
General Partnership: Suitable for businesses owned by two or more individuals.
Limited Partnership: Offers limited liability to certain partners, suitable for businesses looking for a mix of partnership and limited liability features.
Private Limited Liability Company: Popular among small to medium-sized businesses, offering limited liability and a separate legal identity.
Public Limited Liability Company: Designed for larger businesses, allowing them to raise capital by issuing shares to the public.
Free Zone Company: Tailored for businesses engaged in international trade and logistics, benefiting from Singapore's free trade zones.
Benefits
Flexible Business Structures: Catering to diverse business models and sizes.
Attractive Tax Regime: Including low corporate tax rates and significant exemptions for startups.
Global Business Connectivity: With access to numerous double taxation treaties.
Ease of Doing Business: Streamlined registration and compliance processes.
Taxation and Incentives
Corporate Tax: A standard rate of 17% for onshore companies, with offshore companies enjoying a 0% rate.
No Dividend Tax: Beneficial for shareholder returns.
VAT Rate: A standard rate of 7%, with specific goods exempt.
Tax Treaties: Around 88 double taxation treaties aid in minimizing international tax liabilities.
Start-Up Exemptions: Corporate tax exemptions for the first three years and other incentives.
Process
Choosing the Company Type: Assisting in selecting the best structure for your business needs.
Registration with ACRA: Navigating the process of filing documents with the Accounting and Corporate Regulatory Authority of Singapore.
Tax Registration and Compliance: Guiding through corporate tax registration and ensuring compliance with VAT and other tax obligations.
Operational Set-Up: Assisting in opening bank accounts, and obtaining necessary business licenses and permits.
Getting Started
Begin your company formation journey in Singapore by contacting us. We will guide you through the process, from choosing the right type of company to navigating the registration with ACRA and beyond.
Our Main Places of Activity
At ASC Consulting Limited, we specialize in company formation across Singapore, offering tailored advice and solutions to entrepreneurs and businesses looking to capitalize on the opportunities in this dynamic and business-friendly environment.
Our Country Experts
We are a French boutique consultancy based in Hong Kong, working hand in hand with country experts in every market we cover. Our clients get a single point of contact at ASC, with the right specialist mobilised for each subject.
We have been founded by qualified professionals from legal and fiscal sectors with more than 25 years cross-border experience gained in Europe and Asia, giving them perfect understanding of the tax environment where clients operate both at home and abroad.
FAQ
How long does it take to incorporate a company in Singapore ?
Timelines depend on your structure and verification steps, but the process is straightforward from name reservation to incorporation and post-setup.
What structure do most foreign founders use ?
Most choose a Private Limited Company (Pte. Ltd.) for flexibility and credibility. We advise based on ownership and operational needs.
Do I need to be in Singapore to incorporate ?
Often no. We coordinate the process remotely depending on required verifications.
What compliance is required after incorporation ?
Yes. We support preparation and coordination of the banking process (KYC, documentation, positioning), depending on your profile and bank requirements.
What compliance is required after incorporation?
Companies typically need ongoing administration and periodic filings. We help set up a compliance calendar and coordinate the right partners.
Do I need accounting from day one ?
Setting up bookkeeping early helps avoid year-end issues and supports compliance and banking requirements.
Can you support Singapore + Hong Kong structures together ?
Yes. We coordinate multi-country setups across Asia and Europe, including incorporation, banking and compliance.
Can you also support tax/VAT/GST topics for cross-border operations ?
Yes. We align incorporation with tax and compliance planning depending on where you sell and operate.
