A city-state in Southeast Asia, Singapore extends over 64 islands, the largest being the highly urbanised Pulau Ujong. Independent since 1965, the country has been able to rise among the most developed nations despite few natural resources.

Given the ease of locating a company, Singapore is an offshore destination that permits the exercise of very varied activities and is particularly suitable for holdings. Three procedures to be performed in 3 days are necessary for the start-up of a company; however times can be further accelerated by choosing a ready-made company.

The following are the types of company envisaged by Singapore regulations:

  • Company limited by guarantee: there is no minimum share capital nor minimum number of partners; their liability is limited to the amount of the guarantee.
  • Company limited by shares and guarantee: there is no minimum share capital nor minimum number of partners; their liability is limited to the amount of the guarantee and the capital.
  • Sendirian Berhad (private enterprise): it has a minimum share capital of 25,000 SG$. There is no minimum number of partners but there is a maximum of 50 shareholders. Liability is limited to the amount of the capital.
  • Berhad public company: there is no minimum share capital nor minimum number of partners; Their liability is limited to the amount of the capital.
  • General Association: there is no minimum share capital. The number of partners must be between a minimum of 2 and a maximum of 20. Liability is unlimited.
  • Limited Association: there is no minimum share capital. The number of partners must be between a minimum of 2 and a maximum of 20, and at least one must have unlimited liability, while the others may retain liability limited to the actual capital contribution paid.
  • Individual company: there is no minimum share capital, the partner is a sole person with unlimited liability.
  • Company with unlimited liability: there is no minimum share capital, there is a minimum of two partners with unlimited liability.

SINGAPORE

Singapore Flag
Average start-up times

3 days

Availability of pre-established (ready-made) companies Yes
Accounting Yes
Secretary Yes
Nominee Shareholder Yes
Nominee Director Yes
Average taxation 17%
Published information about the company's directors

The names of directors and shareholders appear in the Public Register. At least one of the directors must reside in Singapore

Accounting obligations Annual
Legislation and controls

Businesses are regulated under the Singapore Companies Act of 1963

Confidentiality Bearer shares are not permitted
Documents required
  • certified copy of passport or ID
  • residence certificate dating back less than 3 months
Time Zone UTC+8
Currency Singapore dollar
Risk indicators Average political risk: 8%
  • Expropriation and breaches of contract: 3%
  • Risk of war and civil unrest: 19%
  • Transfer of capital and convertibility: 1%
Average credit risk: 8%
  • Failure to pay by sovereign counterpart: 1%
  • Failure to pay by bank counterpart: 12%
  • Failure to pay by corporate counterpart: 12%
GDP growth 2%