If you're not from Singapore, Murdoch Corporate Solutions is here to work with you on navigating Singapore's process to start your company running here.
Why Open a Business in Singapore?
Competitive Tax Rates
Singapore is a business-friendly city with low tax rates for individuals and corporate entities, on top of many government grants and reliefs to help your business grow exponentially.
Asia's Hub for Commerce
One of the most technologically advanced cities in Asia, with many regional headquarters situated in Singapore.
A Wide and International Talent Pool
Its place as a business hub has developed a rich pool of talent, locally and internationally.
As required by the Singapore law, each company must have a Secretary, who is certified to manage state compliances of a company. These include:
- Filing annual returns and resolutions
- Processing dividends distribution
- Preparing Annual General Meetings (AGM)
It’s a legal practice to engage a Nominee Director who is Singaporean. They will share legal responsibility of your documents, should there be any discrepancies.
However, they aren’t allowed to make any business decisions.
All Singaporean companies must have a registered local address that is documented on all legal documents. By working with Murdoch Corporate Services on incorporating your business, you can register you working address at our very own office space.
Foreigners are required to go through a certified agency to file for incorporation. We gather all relevant documents online, collate them, and an application is sent to you to be signed electronically.
For you to open an account remotely and online, we partner with Singapore banks and payment services that can help you do so. We present your case, but cannot guarantee you getting an account. The decision always lies with the banks.
In a year, there will be several tax reports required for you to submit. Our Chartered accountant will gather your documents, get reports ready, and file them in an organised fashion. We also proactively advise on exemptions to make your tax-paying process a smart one.
We're There For You At Every Step
No, we will not have any involvement or decision making responsibilities within the company. Our role is purely administrative to comply with government poilicy and we will not be involved in your business operations.
Yes you can if you want to, but that would require a work pass.
You would need at least 1 shareholder to start the company.
Any Singaporean or permanent resident above the age of 21 is eligible to be a director.
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