Singapore
JurisdictionsSingapore

Singapore: the second Asian hub

A stable, treaty-rich jurisdiction for regional holding and trading entities — with a resident-director requirement that has to be planned for.

Where Hong Kong is the gateway to China, Singapore is the gateway to South-East Asia.

Singapore suits groups that want a second Asian entity: a holding company for South-East Asian subsidiaries, a trading company facing Indonesia, Vietnam or India, or a treasury centre alongside a Hong Kong operating company.

The trade-off is substance. Every Singapore company needs at least one director ordinarily resident in Singapore, a local company secretary and a registered address — we arrange all three.

Corporate tax17% headline · partial exemptions on the first S$200k
Capital gains · dividendsNo capital gains tax · one-tier system, dividends tax-free to shareholders
GST9%, registration once turnover exceeds S$1M
Resident directorAt least one director ordinarily resident in Singapore — mandatory
Company secretaryMandatory, appointed within 6 months of incorporation
Minimum capitalS$1
Ownership100% foreign ownership permitted
RegulatorACRA · annual return and audited or unaudited accounts depending on size
Setting up

Setting up a company in Singapore

A city-state of under 750 square kilometres at the heart of South-East Asia, Singapore has an economic weight out of all proportion to its size. With no natural resources and a small domestic market, it has built itself into one of the world’s leading trading nations and is consistently ranked among the best places anywhere to base a business. Its location, political stability and rule of law make it the natural regional headquarters for companies expanding into South-East Asian markets.

The environment is built for international business. Corporate tax is among the lowest in the developed world, supported by targeted incentive schemes and an extensive network of double tax agreements. The courts are recognised as among the most efficient in Asia, anti-corruption enforcement is strict, and company formation is fast and largely paperless.

The company you form: Pte. Ltd.

Any individual or foreign corporation can incorporate under the Companies Act 1967. For general commercial purposes the standard vehicle is a private company limited by shares — its name ends in “Pte. Ltd.” and it may have up to 50 shareholders.

A common-law entity

Singapore company law follows the English common-law framework. The company is a separate legal person: it owns its assets, carries its own liabilities, enters contracts and can sue and be sued in its own name, with the shareholders’ liability limited to their shares.

What it takes

At least one director ordinarily resident in Singapore, a local company secretary appointed within six months, a registered address, and at least S$1 of paid-up capital. Foreign ownership can be 100%. We arrange the resident director and secretary where you have none.

Where Singapore sits

Two economies, one region — and one point of contact.

Many of our clients run a Hong Kong company and a Singapore company side by side. We keep both compliant.

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What NGL does for your Singapore company

Incorporation

ACRA registration, constitution and your company kit.

Resident director

A nominee resident-director arrangement where you have no local director of your own.

Secretary & address

The mandatory secretary role and a registered address in Singapore.

Accounting & tax

Bookkeeping, financial statements, corporate tax and GST filings.

Banking

Singapore bank and multi-currency accounts.

Who it suits

South-East Asia trading, regional holdings, groups pairing a Singapore entity with a Hong Kong one.

Tell us what you are building. We reply within one business day.

A short call to recommend the structure, jurisdiction and bank for your case — fees quoted per case.