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Singapore Business Advisory
Our Singapore-related services are provided as part of cross-border corporate and regulatory advisory.

We make it easy to set up and manage your company in Singapore. Our services cover the entire process, including company name check and registration with ACRA, preparation of incorporation documents, assistance with opening a corporate bank account, annual statutory filings, and ongoing corporate secretarial support.

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To register a Private Limited Company (Pte Ltd), your company name must first be approved by ACRA, followed by company incorporation. Once approved, you can open a bank account, apply for business licenses, and register for GST to fully operate your business in Singapore.

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To remain compliant, your company must have at least one Singapore resident director, one shareholder, a local company secretary, and a registered address in Singapore. Annual requirements include filing returns with ACRA and IRAS, preparing audited accounts, and holding annual general meetings.

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If you do not have a Singapore resident director, IVERSA can help by providing a professional local director and guidance on the required government passes for foreigners—so you can run your business with confidence.

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Types of company can be registered in Singapore 

  1. Public/Private company limited by shares

  2. Company limited by guarantee

  3. Unlimited company

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Singapore private limited company by shares is the most popular form, while company limited by guarantee is often used for non-profit purposes. Moreover, there are also exempt private companies eligible for certain privileges for small enterprises.

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Singapore provides one of the most welcoming environments for startups. Several tax benefits and cash grants are available to startups

  1. Full tax exemption on the first S$100,000 of profits and 50% tax exemption on the next S$200,000 of profits for the first 3 years. Note that from Year of Assessment 2020 this incentive will be changed to 75% tax exemption for first S$100,000 of profits and 50% exemption on the next S$100,000 in profit for the first 3 years.

  2. A tax credit of up to 100% of the capital expenditure incurred for qualifying projects during the first five years (up to eight years in some cases).

  3. 400% tax deduction or allowance on expenditures that enhance productivity or innovation.

  4. Several cash grants available to startup in targeted industries.

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DTT           
(Double Tax Treaty Network)

  1. Singapore has an extensive investment protection agreement and double tax treaty network. This includes most countries in the Asia-Pacific Region and countries in Europe, Africa and the Middle East. These countries include China, Indonesia, Thailand, Malaysia, Philippines, Vietnam, India, Japan, Korea, Australia, New Zealand, South Africa, United Kingdom, Netherlands, Germany, Switzerland, Sweden, France, Belgium, Finland and the United Arab Emirates.

  2. Singapore is also one of the very few countries to have a tax treaty with Taiwan. This explains the popularity of Singapore holding companies for Taiwanese investments into China and the region

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