Copyright © 2013 - 2018. Tai Pan Management Services Ltd., Company Service Provider Licence No. TC004077
 Registered in Hong Kong. No 1942748

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Hong Kong Licensed Company Service Provider

Tai Pan Management Services

Singapore consistently ranks at or near the top of the World Bank’s ‘Ease of Doing Business’ index. Company incorporation is online and therefore very fast. The maximum tax rate is 17%, but this is the maximum. In the first three years of existence  resident companies are entitled to a Zero rate of tax on the first S$ 100,000 of profit. All companies are entitled to various exemptions on the first S$ 300,000 of profit bringing the effective rate of tax down to 8.5%.


Statutory requirements

Share Capital

The minimum issued capital for a Singapore company can be one share of S$ 1.

Directors & Shareholders

A Singapore company may have a sole director however at least one director must be resident in Singapore.   It is also possible to have a single shareholder, and again we can introduce a nominee. We can provide services of both local director and nominee shareholder.

Secretary and Registered Office

Every company must appoint a secretary within 6 months of the date of its incorporation. The company secretary must be residing locally in Singapore.

Every Singaporean company must have a registered office in Singapore.

Law & Taxation of Singapore companies

Audit and Accounts requirements

All Singapore companies must submit accounts annually to the Singapore Inland Revenue and to the company registry.

Companies with a substantial turnover (over S$5 million) also require an audit. The submission of accounts to the public registry provides substance and counteracts possible allegations of it being a “brass plate” company.

Annual Returns

The annual return, submitted to the Registrar of Companies, contains details of the shareholders and directors of the company and is available to public inspection.

GST - Singapore Equivalent Of VAT System

The VAT system in Singapore is known as GST. It however does not apply to transactions conducted outside Singapore.

For more information on GST please click here ( you will be redirected to Inland Revenue Authority of Singapore)

Profit (S$)

Tax Rate in %

Profit (S$)

Tax Rate in %

0 - 100,000


0 - 300,000


100,001 - 300,000


Over 300,000


Over 300,000



Low rates of corporate tax (0% to 17%).

Singapore is considered a reputable jurisdiction.

Very fast incorporation - can be same day.

No withholding taxes on dividends.