Business form: Separate and distinct legal entity from its shareholders and directors

Ownership:
- Exempt Private Company – 20 members or less and no corporate holds beneficial interest in the company’s shares
- Private Company – 50 members or less
- Public Company – can have more than 50 members

Legal Status:
- Separate legal entity from its members and directors
- Members have limited liability
- Can sue or be sued in company’s name
- Can own property in company’s name
- Members not personally liable for the debts and losses of the company

Taxation: Profit taxed at corporate tax rate. New companies are given special tax benefits for the first 3 years:
- 0% tax on S$100K taxable income
- 8.5% tax on taxable income of upto S$300K
- 17% Thereafter

Staffing of Foreign Manpower: No restrictions in work visas for transfering of foreign employees to Singapore or employing foreigners

Allowed Business Activities: Allowed to conduct any type of business activities registered under Accounting and Corporate Regulatory Authority (ACRA)

Taxation: No liable for tax as office cannot generate income

A company (Privated Limited or Pte. Ltd.) is the most cost effective and flexible type of business entity in Singapore. This form of business entity protects the shareholders’ personal’s assets from the business liabilities of the company. You also enjoys the most tax benefits with this type of business form.

Processing time: 3 – 10 days

Business Form:
An extension of the foreign company

Legal Status: Since this business is treated as an extension of the foreign company, the foreign company’s head office bears the ultimate responsibility for any liabilities arising from the branch office and Vice versa

Taxation: Considered as a non- tax resident entity so not eligible for the tax exemptions and incentives

Allowed Business Activities :
Allowed to conduct any type of business activities which is related to the scope of activities conducted by the head office

Staffing of Foreign Manpower: No restrictions in work visas for transfering of foreign employees to Singapore or employing foreigners

Processing time: 3 – 10 days

Legal Status: No legal status

Allowed Business Activities : Only allowed to conduct market research or liasing activities on behalf of head office

Taxation: No liable for tax as office cannot generate income

A company (Privated Limited or Pte. Ltd.) is the most cost effective and flexible type of business entity in Singapore. This form of business entity protects the shareholders’ personal’s assets from the business liabilities of the company. You also enjoys the most tax benefits with this type of business form.