Singapore is known for its attractiveness to investors, robust intellectual property protection, attractive corporate tax framework, strategic geographical location with proximity to the world’s largest emerging markets and more than 100 free trade agreements with different countries and regions in the world. All of the above makes Singapore the best location for doing business in Asia.
This article by JNT is intended to provide general information on company formation in Singapore.
1. Type of entities in Singapore
There are five different types of entities to choose from: Sole-Proprietorship, Ordinary Business Partnership, Limited Partnership, and Limited Liability Partnership (LLP), and the most common and most advisable, a Private Limited company (akin to a company limited in Vietnam).
2. Why set up a Private Limited Company (Pte. Ltd.)?
Your choice should enable you to manage the risk, liability, scaling of business, & brand image optimally. It is important to choose the right business structure as it affects your income tax returns. Most entrepreneurs wanting to register a new company in Singapore prefer private limited company for its credibility, scalability and robustness.
You can open a company in Singapore as a private limited company to manage your risk and benefit from the tax exemptions. Once you have chosen the business structure, you will need to meet the requirements in the next section.
JNT is proud to be a pioneer in providing comprehensive solutions for businesses. We will help the Client to prepare all the necessary requirements for the registration and maintenance of the company. We have supported hundreds of local and global entrepreneurs and companies in successfully launching projects in Singapore. Contact us to start your “Go Global” strategy today!
Auth. Zed Nguyen