Why Choose Jain Prachi & Company?
Seamless Company Formation
– Expert guidance on incorporation, compliance, and taxation.
Quick & Efficient Setup
– Get your Singapore company registered in as little as 5 days.
End-to-End Business Support
– Banking, tax registration, and corporate secretarial services.
Get Started!
Singapore Company Incorporation Services
Great service and very helpful. Received advice on taxation and it proved very helpful. Would recommend it for everyone.
runda Makwana
I have been using JAIN PRACHI & COMPANY Accounting Services from last 6 years, and I am consistently impressed with their professionalism and proactive approach so far.
Ankit Neema
Highly professional and responsive with excellent expertise in taxation in Indore!
Shreyansh Bokadiya
10
Years Experience
Why Incorporate in Singapore?
✔ Low Corporate Tax (17%) –
Attractive tax incentives for businesses.
✔ 100% Foreign Ownership –
No local partner required.
✔ Business-Friendly Regulations –
Ranked as one of the easiest places to do business.
✔ Gateway to Southeast Asia –
Ideal for global trade and investment.
✔ No Capital Gains Tax – Maximize your business profitability.
Types of Business Entities in Singapore
| Entity Type | Key Benefits |
|---|---|
| Private Limited Company (Pte Ltd) | Limited liability, tax-efficient, ideal for global businesses. |
| Sole Proprietorship | Simple structure, best for small business owners. |
| Limited Liability Partnership (LLP) | Flexible structure with liability protection. |
Essential Criteria for Company Registration in Singapore
Singapore is one of the world’s most business-friendly destinations, offering 100% foreign ownership, low corporate taxes, and ease of incorporation. If you’re planning to register a company in Singapore, here are the key requirements you must meet.
Key Requirements for Singapore Company Registration
Shareholding Requirements
✔ Every company must have at least one shareholder.
✔ Shares can be held by individuals or corporations.
✔ Foreigners can own 100% of a Singapore company, making it an ideal destination for international entrepreneurs.
Minimum Capital Requirement
✔ You need only S$1 in paid-up capital to start a business in Singapore.
✔ Companies can increase their share capital anytime by injecting additional funds.
Director Requirements
✔ A minimum of one director must be based in Singapore.
✔ Eligible directors include:
Singapore citizens
Singapore Permanent Residents
Employment Pass (EP) holders
✔ Corporate directors must be at least 18 years old, with no upper age limit.
Company Secretary Requirement
✔Every company must appoint a qualified company secretary within six months of incorporation.
✔The company secretary must be:
A natural person (not a corporate entity)
A Singapore citizen or permanent resident
Registered Business Address
✔ Every Singapore-registered company must have a local registered office address.
✔ O. Boxes are not allowed as an official business address.
Company Name Approval
✔ The company name must be approved by the Accounting and Corporate Regulatory Authority (ACRA) before registration.
✔ The name must be unique, non-offensive, and not identical to existing businesses.
Benefits of Online Singapore Company Registration from India
Setting up a company in Singapore from India offers low taxes, global trade opportunities, and financial incentives, making it one of the best destinations for business incorporation. Here’s why registering your business online in Singapore is a smart move.
Business-Friendly Tax System
✔ Corporate Tax: Only 0% to 17% tax on corporate profits.
✔ Individual Tax: Ranges between 0% to 22%, depending on income.
✔ Tax-Free Dividends: No tax on profits distributed to shareholders.
✔ No Capital Gains Tax: Investors and businesses pay zero tax on capital gains.
✔ Easy Tax Rebate Pooling: Businesses can benefit from tax credits and incentives.
✔ Unilateral Tax Credit: Companies can claim tax relief on foreign-sourced income.
✔Reduced Withholding Taxes: Lower tax rates on income earned outside Singapore.
Extensive International Trade & Tax Treaties
✔ 75+ Double Taxation Avoidance Agreements (DTAAs): Helps businesses avoid double taxation.
✔ 8 Special Tax Treaties for Maritime & Air Transport: Favorable tax policies for logistics companies.
✔ 26 Free Trade Agreements (FTAs): Provides businesses access to global markets with reduced tariffs.
World-Class Financial & Banking Infrastructure
✔ Singapore is Asia’s Largest Financial Hub: Home to 160+ international banks.
✔ Robust Financial Markets: High liquidity and easy access to capital.
✔ Business-Friendly Banking System: Low-cost financial resources readily available.
✔ Incentives for Intellectual Property (IP) Development: Singapore promotes businesses in R&D and innovation.
Business & Legal Advantages
✔ Easiest Place to Do Business: Ranked among the world’s top business-friendly countries.
✔ Global Arbitration Hub: One of the most reputable arbitration centers for dispute resolution.
✔ Transparent & Effective Tax Regulations: Clear tax policies promote business growth.
✔ Well-Trained Workforce: Skilled professionals with international expertise.
✔ Unrestricted Entry for Foreign Nationals: Easy immigration policies for foreign business owners and employees.
Things to Keep in Mind While Registering a Company in Singapore
Singapore is a leading global business hub, but before registering your company, you need to ensure compliance with naming rules, sector restrictions, and regulatory requirements. Below are the key factors to consider when incorporating a company in Singapore
Unique Company Name Approval
✔ The Accounting and Corporate Regulatory Authority (ACRA) reviews and approves business names.
✔ ACRA will reject names that are identical, too similar, or phonetically resembling an existing company name.
✔ Certain regulated words or phrases require government approval before incorporation.
✔ Every Singapore offshore company must include “Private Limited” (Pte. Ltd.) in its name.
Restricted Words & Sectors
Restricted Words
Some words require justification and regulatory approval, including:
✔ Assurance
✔ Bank
✔ Building Society
✔ Royal
✔ Trust
Restricted Business Sectors
Some sectors require special licensing or are not permitted for general company incorporation:
✔ Banking & Insurance
✔ Reinsurance & Fund Management
✔ Collective Investment Schemes
✔Trust Management & Trusteeship Services
Registered Office Requirement
✔ Every company must have a registered office address in Singapore.
✔ Virtual offices and P.O. Boxes are not permitted as official business addresses.
Local Director Requirement
✔ A minimum of one director is required to register a company in Singapore.
✔ Directors can be of any nationality, but at least one director must be a Singapore resident.
✔ A Singapore resident includes:
✔ Singapore Citizens
✔ Singapore Permanent Residents
✔ Employment Pass (EP) Holders
Step-by-Step Process for Singapore Company Incorporation
✔ Choose Business Structure – Decide between Private Limited, LLP, or Sole Proprietorship.
✔ Reserve Company Name – Register your business name with ACRA.
✔ Prepare Incorporation Documents – Submit passport, shareholder details, and business activities.
✔ Register the Company – ACRA approval for official incorporation.
✔ Corporate Bank Account Setup – Open a business bank account in Singapore.
✔ Post-Incorporation Compliance – GST registration, tax filings, and regulatory adherence.
Recommended Uses of Singapore Companies
Singapore is a top global business destination due to its low tax rates, strong financial infrastructure, and ease of doing business. Companies registered in Singapore can be structured for various business purposes.
Active Trading Businesses
✔ Ideal for import/export, e-commerce, and international trade.
✔ Benefit from Singapore’s extensive Free Trade Agreements (FTAs) and double taxation treaties.
✔ Low corporate tax rates (0% – 17%) help businesses maximize profitability.
✔ No restrictions on 100% foreign ownership.
Service Companies
✔ Suitable for consulting firms, IT services, financial advisory, and professional services.
✔ Access to highly skilled talent in Singapore’s business ecosystem.
✔ Minimal regulatory barriers for service-oriented businesses.
✔ Ability to operate remotely with a registered Singapore business address.
Holding Companies
✔ Used for asset protection, wealth management, and investment holdings.
✔ No capital gains tax or withholding tax on dividends.
✔ Beneficial for global business expansion and international investments.
✔ Access to Singapore’s financial hub with over 160 international banks.
How Jain Prachi & Company Helps?
✔ Business Structure Advisory – Choose the right setup for tax and compliance benefits.
✔ Company Registration with ACRA – Fast and hassle-free incorporation process.
✔ Bank Account Opening Assistance – Connect with top Singaporean banks.
✔ Tax & Compliance Support – Ensure adherence to local laws and regulations.
✔ Ongoing Secretarial & Accounting Services – Hassle-free business operations post-incorporation.
Documents Required for Singapore Incorporation
| Document | Requirement |
|---|---|
| Passport Copies | Required for all shareholders & directors. |
| Business Plan | Helps in tax and regulatory approvals. |
| Registered Local Address | Mandatory for all Singapore businesses. |
| Shareholder & Director Details | Personal & business information of all involved parties. |
| Company secretary particulars | |
| Memorandum of Association (MOA) | |
| Articles of Association (AOA) |
Timeline & Pricing
✔ Business Setup Time: 5-7 days
✔ Starting at: ₹89,999
Frequently Asked Questions
Phone
+91-8989666715
Location
304, Trade House, 14/3, South Tukoganj, Indore (M.P.) -452001
contactus@jainprachi.com
