Starting a business in Singapore soon?
Eurofinanzza helps businesses to register new companies in Singapore.

Having difficulty in setting up a company in Singapore?
Worried on business registration in Singapore?
As a Corporate Service Provider, Eurofinanzza specialises in business formation and company incorporation in Singapore.

Getting ready on opening a company in Singapore, Eurofinanzza is your right choice to deliver services that efficiently fulfil all statutory compliance for your company. Eurofinanzza will go through with you the procedures to register and form a business quickly and cost-effectively, allowing you to concentrate on building your business while we take care of all the administration and compliance matters for you.

Eurofinanzza also assists in opening a business in Singapore for foreigners. We help in registering a new company in Singapore as well as taking over companies that wish to change Corporate Service Provider. As a company with business formation expertise), our range of services include:

• Incorporation of private limited company in Singapore;
• Registration of limited liability partnership;
• Registration of sole proprietorship;
• Setting up of company for foreigner with nominee director services;
• Provision of Corporate Secretarial Services with named company secretary;
• Accounting and Income Tax management; and
• Structuring, various Business Licenses Application and Singapore Business Advisory.

We are a business formation specialist which deals with businesses and companies incorporation in Singapore.

Highly developed and notable Business Center in the world

Singapore’s financial centre

International Financial HUB

As one of the top fourth in the world’s leading global financial centres, Singapore is also the second largest over the counter derivatives trading centre in Asia, and a leading commodities derivatives trading hub. There are over 121 commercial banks with over 115 foreign banks and 3 representative offices of banks in Singapore. All of which play an active role in banking and finance. With total assets under management of around S$1.2 trillion, and which continues to see steady growth, Singapore is also recognized as one of the premier asset management locations in Asia.

Ease of doing Business

Why choose Singapore for incorporating your company

Singapore is universally recognized as a world business leader for opening of company:

• Rated #1 in the world-by-World Bank for ease of doing business.
• Rated #1 as the most politically stable country in Asia.
• Rated #1 as the best labor force in the world.
• Rated #1 in Asia for quality of life.
• Ranked the third wealthiest nation in the world by Forbes Magazine.
• Ranked as the third most globalized economy among 60 of the world’s largest economies in the recently released Ernst and Young 2011 Globalization Index.
• Low corporate tax rates: about 8.5 percent up to SG$300K profits and a flat 17 percent thereafter. In addition, new corporations enjoy tax exemption on the first SG$100K of normal chargeable income for their first three consecutive years of operation.
• There are no dividend or capital gains taxes in Singapore.
• There is no estate/death/inheritance tax in Singapore.
• Low personal tax rates start at zero percent and max out at 20 percent above SG$320K.
• Government grants, up to 60 percent of costs, provided for the purchase of technology like computers or accounting software.
• No auditing is required for privately-owned companies with revenue less than SG$5 million.

Singapore Corporate – Taxes on corporate income

Tax on corporate income is imposed at a flat rate of 17%.
A partial tax exemption and a three-year start-up tax exemption for qualifying start-up companies are available.

Partial tax exemption (income taxable at normal rate):

In addition, for the year of assessment 2020, there is a 20% corporate tax rebate. This rebate is capped at SGD 15,000.

Singapore adopts a one-tier taxation system, under which all dividends paid by Singapore-resident companies are tax-exempt in the shareholder’s hands.

Singapore
Key Corporate Features

General
Type of entity – Resident/Non-Resident

Type of law – Common
Our time to establish a new company – 5 days
Minimum government fees (excluding taxation) – S$365
Corporate taxation – Varies
Double taxation treaty access – Yes

Share Capital or Equivalent
Standard currency – SGD$
Permitted currencies – Any
Minimum paid up – S$1

Directors or Managers
Minimum number – One
Local required – Yes – one
Publicly accessible records – Yes
Location of meetings – Anywhere

Members
Minimum number – One (Corporation or Individual)
Publicly accessible records – Yes
Location of meetings – Anywhere

Company Secretary
Required – Yes
Local or qualified – Yes

Accounts
Requirement to prepare – Yes
Audit requirements – Yes, but there are exemptions
Requirement to file accounts – Yes, but there are exemptions
Publicly accessible accounts – Yes, but there are exemptions

Other
Requirement to file annual return – Yes
Change in domicile permitted – No