Singapore
Singapore is an island country located off the southern tip of the Malay Peninsula. A former British colony gained independence in 1819 and since then has become a prosperous world economy, one of the Four Asian Tigers.
Singapore is a multicultural kaleidoscope, it is home for people of different ethnicities and nationalities. At least eight religions are widely practiced in the country and the official languages are English, Mandarin Chinese, Malay and Tamil.
Singapore is a parliamentary republic and its constitution establishes representative democracy as its political system. The country is rated as one of the least corrupt countries in the world. Singapore attracts a lot of foreign direct investments due to its stable political climate, good economic conditions and low taxes.
Key Corporate Features |
|
|---|---|
General |
|
| Basis of Legal System | Common |
| Type of Company | Ltd |
| Tax on Offshore Profits | Nil |
| Redomiciliation Permitted | No |
| Time to Form | up to 5 Days |
Corporate Requirements |
|
| Minimum Shareholders | 1 |
| Minimum Directors | 1 |
| Corporate Administration | |
| Corporate Directors Permitted | No |
Local Requirements |
|
| Registered Office/Agent | Yes |
| Company Secretary | Yes |
| Director | Yes |
| Meetings | No |
Public Filings |
|
| Directors | Yes |
| Shareholders | Yes |
| Beneficial Owners | No |
Annual Filing Requirements |
|
| Annual Return | Yes |
| Audited Accounts | Yes |