Incorporation

Many Have Tried to Deal with it on Their Own and Terribly Failed in the Past

Company incorporation in Singapore is a pretty complex thing to deal with as visualized by many of the business people. However, things have changed drastically over the years and this holds true for the incorporation services as well. Although there’s no denying the fact that all the incorporation agencies are not equally reliable, we would never suggest any businessmen to try it on one’s own. In fact, many have tried to deal with it on their own and terribly failed in the past.

Check Our Excellent Track Record and Only Then, Hire Us

What you can actually do is try to find a reliable Singapore business incorporation agency which might need a bit of research as well. When we say research, we actually mean looking into the track record of an agency before you actually hire it. We have maintained a brilliant track record so far as well and we don’t say it; we have proved it over the years and you can find out more about our achievements on our official website. Also, you may through the various testimonials from our valuable clients.

Different types of business entities

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Private Limited Companies

A company is a business entity registered under the Companies Act, Chapter 50. It has a legal personality i.e. it has rights to own properties, has perpetual succession and can use
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Sole Proprietorship

A sole-proprietorship is a business owned by one person or one company. There are no partners. The sole-proprietor has absolute say in the running of the business.
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Limited Liability Partnership

A Limited Liability Partnership (LLP) is a vehicle for doing business in Singapore. An LLP gives owners the flexibility of operating as a partnership while having a separate legal identity
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Foreign Company Setup

Foreign companies wishing to setup a presence in Singapore can choose to register a Branch Office, Subsidiary Company, or a Representative Office.
CompaniesSole ProprietorshipPartnershipLimited Liability Partnerships
Legal StatusA legal person (can enter into contracts, hold property, sue and be sued and exist irrespective of change of shareholders)Not a legal personNot a legal personA legal person (can enter into contracts, hold property, sue and be sued and exist irrespective of change of partners)
Number of owners/ shareholdersMinimum – 1 director and 1 shareholder1Minimum – 2 Maximum – 20 (except for professional firm)Minimum – 2 Maximum – no maximum number of partners
Liability of owner/ shareholderLimited – the shareholder is not liable for the debts of the companySole proprietor has unlimited liabilitiesPartners have unlimited liabilitiesNot personally liable for the conduct of other partners or transactions or liabilities of the LLP unless is for his own wrongful acts or negligence
Suitable ForBusinesses with projected growth, which may require additional funding for expansionIndividual with low riskProfessional firms such as accountancy, law and architectureProfessional firms such as accountancy, law and architecture
AdvantagesTax exemptions – first S$100,000 of net profit each year is tax-free and the next S$200,000 taxed at 8.5 percent for the first three yearsLow costLow costLow cost setup with limited liability protection
DisadvantagesCompliance obligations such as financial reports, AGMs, etcPersonal assets not protectedTaxed at the individual level and requires paying a personal income tax rate that is higher than the corporate tax rateTaxed at the individual level and requires paying a personal income tax rate that is higher than the corporate tax rate