Setting Up a Company in Singapore
Expand Your Horizons by Setting Up a Company in Singapore. Open an offshore company in Singapore today with Gryffin Capitalist. We are your trusted partner for business setup in Singapore.
Some features of our company registration services include:
- Expert guidance on company registration
- Assistance with tax compliance and reporting
- Open a corporate bank account online
- Dedicated support throughout the process
100% Remote
Offshore Company Setup
Incorporate your company
starting from $2,500
Duration 1-5 days
Company Formation in Singapore
Offshore companies offer excellent opportunities for growth, privacy, and tax planning. Singapore is a top choice for offshore setups due to its robust economy. Investors also appreciate its 0% capital gains tax. It is perfect for securing your global presence.
If you are setting up a company in Singapore, it is one of the best regions. It has diverse and talented people, and so on. You have many reasons to consider it as the best destination for setting up a business in Singapore. It is an acclaimed financial business hub of Asia. It is one of the reputed offshore jurisdictions known for its clarity. It paves the way for investors to trust it.
Offshore Company Formation in Singapore Requirements
The appointed agents will help you understand all the documents required. Singapore offers low tax rates and no capital gains taxes. For those interested in setting up a company in Singapore, here are some of the requirements:
- The company must have at least 1 shareholder
- The firm needs to appoint 1 or more directors(s)
- It is mandatory requirement to appoint a company secretary
- A least paid-up capital of $1 is mandatory for offshore firm
- You must provide a registered office address (P.O. Box addresses are not acceptable)
Benefits of Setting Up a Company in Singapore
- Favorable Tax Policies
- World-Class Infrastructure
- Strong Legal Framework
- Economic Stability
- Flexible Business Models
- No Currency Restrictions
- Global Reputation
Singapore Offshore Company Formation Packages
Our team has two comprehensive packages to assist investors looking to register an offshore company in Singapore. Please refer to our packages below
Standard
Everything for a foreign investor to register a company
$2,500
- Company Formation
- Certificate of Registration
- Document Processing for Registration
- Memorandum & Articles of Association
- Government Fees for 1 year
- Registered Agent and Registered office Address for 1 year
- GC Account Manager for 1 year
Executive
Suitable for investors looking for company formation along with bank account
$6,550
- Everything in Standard
- Certification of Corporate Documents
- Assistance in Bank Account Opening
- One-time application with one suitable bank
- Assistance in preparation of bank application & Supporting Documents
- Schedule appoint with the Bank representative
Singapore Offshore Corporate Structures
Singapore offers several offshore corporate structures, including Private Limited Companies (Pte Ltd), Limited Liability Partnerships (LLP), and Branch Offices. LLPs suit professionals, while Branch Offices extend foreign companies’ presence.
Singapore is a prime destination for setting up an International Business Company (IBC). With its stable economy, pro-business policies, and strategic location, it has become a leading hub for global trade and investment.
What is a Singapore IBC?
A Singapore International Business Company is a private limited company that operates globally. It is used for trade, investment, asset protection, and holding purposes. While commonly associated with offshore jurisdictions, a Singapore IBC benefits from the city-state’s strong legal framework and tax incentives.
The process follows the Companies Act (Cap. 50), regulated by the Accounting and Corporate Regulatory Authority (ACRA).
Singapore follows a territorial tax system, meaning income earned outside the country is often tax-free if not remitted. The corporate tax rate is 17%, but tax exemptions and rebates can reduce it significantly for startups and small businesses.
Foreign investors can own an IBC without local partners. There are no restrictions on the repatriation of profits or capital. Unlike traditional offshore firms, a Singapore IBC enjoys a highly respected global reputation. It is not blacklisted by organizations like the OECD or EU.
Singapore provides a stable political and legal environment. It also has access to over 90 double-tax treaties, making international business more efficient. Registering for an IBC takes as little as one day and requires minimal paperwork. Only one shareholder and one director (who can be foreign) are required
An IBC in the country is an excellent choice for entrepreneurs looking for a reputable, tax-efficient, and globally recognised business entity. With easy incorporation, flexible tax benefits, and strong legal backing, it remains a top destination for international business.
Registration Process for Setting Up a Company in Singapore
The process of setting up a company in Singapore is easy. It maintains its image as a global leader in ethical business conduct. Let us learn more about some of the most important steps for offshore company formation.
Find a suitable name for your company. Also, get approval from the ACRA. Please follow the specified rules when selecting the name. This is vital for starting a business in Singapore. After choosing a name, you will need to pay $15 to reserve it for 60 days. The process will then take another 60 days. ACRA always tries to maintain the differences between the names. It wants them to be meaningful, distinctive, and respectable. If you hire an agent, he will ensure that you avoid those criteria.
Pick a model like Private Limited or Sole Proprietorship.
You need at least 1 director who resides in the country.
Appoint CSPs for smooth regulatory adherence and document submissions.
Gather official papers needed for registration and legal needs.
Submit incorporation forms using the ACRA online portal. Upon approval of the firm name, you can apply for registration. It is with the Accounting and Corporate Regulatory Authority (ACRA). This step will take some more time now, so make sure you provide all the necessary documents on time.
ACRA will send an email confirming your firm's successful registration. The email includes the registration number. ACRA keeps the soft copy and treats it as the official certificate of incorporation. You can request a hard copy using a special online form. A nominal fee will also apply.
The company business profile contains the firm details. It is sent immediately after the certificate of incorporation is received. You can get it online by paying a fee, as applicable. You can also download it in PDF format within an hour of requesting it.
Open a corporate bank account with globally recognized financial institutions.
Apply for permits to start operating your specific business.
Documents Required for Setting Up a Company in Singapore
- Identification Documents
- Proof of Residence
- Detailed Business Plan
What our clients say
The team at Gryffin Capitalist is efficient. Starting from offshore company formation to offshore banking, they guided me step by step, ensuring smooth registration in BVI.
Fantastic support throughout the process! I am delighted with Gryffin Capitalist's service. They made Seychelles business registration seamless and stress-free.
I registered an IBC in Belize with Gryffin Capitalist, and the process was seamless. They helped me choose the proper structure. They assisted me with my international bank account.
Why Choose Gryffin Capitalist?
Many business people opt for the help of registered agents within the country. It is while setting up a business in Singapore. The agents provide expert guidance throughout the process. It is both before and after getting included in the Singapore Company Register. We guide you through every step to ensure a smooth company establishment. We will also assist you with the next steps after starting a business in Singapore.
We at Gryffin Capitalist can help you with tasks such as opening a business bank account, obtaining licenses and visas, and more. If you are interested in setting up a company in Singapore, please feel free to contact us. Enjoy seamless service with timely progress updates every step of the way. Whether you're an entrepreneur or investor, get included in the Singapore company register. Start here to secure your global growth.
Quality Professionalism
High Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Explore Other Popular Offshore Location
Our senior advisors have identified a range of offshore jurisdictions, each chosen for its legal framework, confidentiality, tax neutrality, and global reputation. Beyond just one country, you can explore a variety of locations, each offering distinct advantages to suit your specific business needs.
Explore & Open a Bank Account in other Popular Jurisdictions
We have curated a list of countries that offer economic and political stability, with regulations designed to safeguard investors' wealth. Along with these carefully selected locations, you can open a bank account in other popular jurisdictions, allowing you to transfer and receive payments while securely holding your funds.
Our Bank Account PackagesFrequently Asked Questions (FAQs)
A Singapore offshore company is a business entity registered in Singapore that operates primarily and earns income outside of Singapore.
It offers a stable economy, attractive tax incentives, and strong legal frameworks. It also has an excellent reputation as a global financial hub.
At least one director must be a resident of Singapore. Whether a citizen, permanent resident, or an EntrePass holder. Shareholders can be non-residents.
They include the company name, business activities, and details of directors and shareholders. Also, please provide proof of registered address and identification.
Yes, Singapore has one of the lowest corporate tax rates globally. It does not have a capital gains tax and has a vast network of double taxation agreements.
