Singapore

We assist global clients looking to do  business in Singapore with the A to Z of business setup without the need for the client to travel to Singapore . Some of our services include:

Company / Branch registration

Tax registration and obtaining PIN

Regulatory licenses across all sectors

Personal and corporate bank account opening

Accounting and tax support services

Provision of nominee directors and shareholders

Recruitment and employee hiring

Virtual/Physical Office space solutions

Employment and residency visas

The most common corporate structures preferred by foreign investors setting up in Singapore include i) the limited liability company (LLC/LTD) and ii) the branch office. See detailed comparison below:

Advantages and disadvantages of Singapore business setup:

  • Company setup process is straightforward with professional assistance.
  • Singapore offers a low corporate tax rate of 17%, with attractive tax exemptions for startups and no capital gains or dividend taxes.
  • Singapore’s transparent, corruption-free legal system, based on English common law, offers strong protections for businesses and intellectual property.
  • The government provides numerous grants, tax incentives, and assistance schemes to help businesses grow, innovate, and expand globally.
  • Singapore offers businesses extensive access to capital markets, venture capital, and banking services.
  • Availability of shelf companies for those looking to start business immediately.
  • Availability of tax-exempt Export Processing Zones (EPZs) for those looking to establish manufacturing or repackaging units.
  • Availability of abundant highly skilled and qualified labour force;
  • Singapore’s wide network of Free Trade Agreements with major economies allows businesses to benefit from reduced tariffs and broader market access.
  • Relatively high operational costs i.e office rental, utilities, and wages.
  • Singapore enforces stringent regulatory and compliance obligations.
  • Restriction in some lucrative sectors including aviation, insurance and telecommunications.
  • High competition as it is a global hub.
  • Singapore lacks natural resources, which increases reliance on imports for raw materials and energy.

Important links:

Company incorporation steps in Singapore:

  1. Company setup: requirements include confirming the company structure, verifying name availability, and issuing a service agreement.
  2. Documents Preparation: Our Team prepares the incorporation documents and emails our Client for signatures and email return;
  3. Certificate of Incorporation: Our Team submits an application for company registration with the Companies Registration Office and obtain a certificate of incorporation;
  4. Personal Tax Number: If the director is a foreign national, our team submits an application for a personal tax number (PIN) with Inland Revenue Authority of Singapore;
  5. Corporate Tax Number: Our Tax Agent also submits an application to the Revenue Authority for the corporate/company PIN (tax number);
  6. Other Registrations: If the Client intends to hire local staff, our Team registers the company with i) Registration with Singapore Central Provident Fund (CPF) & ii) Skill Development Levy (SDF) and iii) Business Licenses and Permits
  7. Singapore Goods and Services Tax ( GST) Registration: If our Client expects to make taxable income exceeding  S$1 million (US$780,000) within the calendar year, our Tax Agent proceeds to register the company for GST (VAT (Value Added Tax);
  8. Bank Account Opening: Girimba Consulting also assists our Client to open a local corporate bank account with a top tier bank in Singapore.

    Seek specific business information:

    Let us know more about your business needs by completing the form below. Our team will get back to you within twenty four hours.

    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

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    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

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    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.