Whether you’re foreigner, local, or representing your company to set up a company in Singapore, Beatum would be happy to advise you on how your business can benefit from the extensive range of pro-business policies, grants and tax concessions in Singapore.
a) Incorporation of new company for foreign individual or foreign companies
There are 3 options available
- Limited Liability Company
- Branch
- Representative Office
Almost all incorporations for foreigners are Limited Liability Companies. Speak to us if would like to explore all options. Foreign Companies have an option to operate remotely from overseas or relocate to Singapore. However, it is mandatory requirement for a Singapore Company to appoint a local resident director
A local resident can either be a:
- Singapore Citizen
- Singapore Permanent Resident (PR), or a
- Employment Pass (EP) Holder, where the EP is under the same company
b) Incorporation of new company for Singaporeans and PR
Setting up a company in Singapore is relatively simple for residents. There a basically 3 options available:
- Limited Liability Company
- Limited Liability Partnership
- Sole Proprietorship
Entrepreneurs’ most popular choice is private limited company due to limited liability protection, significant tax advantages especially in the first 3 years of assessment. Private limited company also conveys a more professional image to business partners, employees and investor and provides scalability by providing a strong base for investment and growth.
Speak to us if would like to explore all options.