Legal entity types in Singapore compared
Our team is dedicated to helping entrepreneurs such as yourself understand and navigate the complexities of Singapore’s business structures. We provide a full range of services to help you select the most suitable structure for your business and ensure compliance with all legal regulations. Let’s examine the different business structures that are available and discuss how we can assist you in establishing your business in Singapore.
Legal entities in Singapore
This is a summary of the most commonly used legal structures in Singapore:
Entity | Local name | Min. share capital | Management | Incorporation time (approx.) |
---|---|---|---|---|
Private Limited Company | Private Limited | SGD 1 ($ 1,08) | Directors | 5 days |
Public Company Limited by Shares | Public Limited Company | SGD 1 ($ 1,08) | Board of directors | 10 days |
Branch Office | – | – | Branch manager | 15 days |
Holding Company | – | – | Board of directors | 10 days |
Private Limited Company (Pte. Ltd.)
Private Limited Companies are a favored option for businesses in Singapore. With the benefits of limited liability protection and a flexible structure, they present a convenient choice for entrepreneurs. We are available to assist you with establishing your Private Limited Company in Singapore.
Public Company Limited by Shares (PLC)
Public Companies Limited by Shares are frequently selected for bigger companies in Singapore. They provide notable benefits with the capacity to raise capital through public offerings and the flexibility in share transfers. We are available to help you with the registration of your Public Company Limited by Shares in Singapore.
Branch Office
A branch office serves as a continuation of the main company, enabling it to operate in a new area while keeping its initial legal status. Opening a branch office in Singapore can be beneficial for businesses seeking to grow into the market without forming a distinct legal entity. By functioning as a branch, the main company can make use of its established brand name and assets while accessing new opportunities. We provide thorough assistance in navigating the complexities of establishing and running a branch office in Singapore, guaranteeing a seamless and lawful entry into the market.
Holding Company
A holding company is a strategic entity commonly used to control other companies by owning their shares. In Singapore, setting up a holding company can provide advantages like centralized management, risk diversification, and tax benefits. Structuring your business as a holding company allows for efficient management of multiple subsidiaries, streamlined decision-making, and optimized tax planning. Our experienced team offers personalized support to assist in establishing and operating a holding company in Singapore, ensuring compliance with regulations and maximizing your corporate structure’s potential.
Requirements for starting the business
We will look at the necessary prerequisites for launching any form of business entity in Singapore and the ways in which our committed team supports you throughout the process.
Minimum share capital
Singapore has minimum share capital requirements based on the selected business structure. Regardless of the type of company, our experts will help you figure out the minimum share capital required to set up your business. We will closely collaborate with you to make sure you meet regulatory standards while maximizing your financial resources.
Directors and shareholders
In Singapore, every business entity must have directors and shareholders. Our experts can provide valuable guidance in selecting directors who can contribute their expertise to the company and align with your future goals.
Legal duties and obedience
It is important to fulfill all obligations, from registration with authorities to reporting and tax requirements, in order to remain compliant. Our legal team manages administrative tasks to ensure that the business remains fully compliant, allowing you to focus on your main operations.
Book a consultation
The team makes an effort to comprehend your objectives, field, and obstacles, allowing us to offer tailored assistance throughout the process of setting up a business. We promise a smooth and trouble-free path towards establishing a lucrative company in Singapore with our expertise and commitment to delivering excellent service. Do not let the challenges of starting a business in Singapore hinder your success. Trust in us, and together, we will assist your company in reaching its full potential. To start your path to success, reach out to us now. Complete and submit the inquiry form below, and our experts will reach out to you.