types of companies in singapore
TRANSCRIPT
Types of Companies in Singapore
A presentation brought to you byOpenCompanySingapore.com
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Opening a Company in Singapore
• Under the Singapore Company Act foreign investors can register one of the following types of business entities: companies and partnerships.
• Our specialists in company formation in Singapore can help you decide on the right type of company to register.
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Company Types Available in Singapore
• The following types of companies can be registered by foreign investors in Singapore:
liability companies;
general partnerships;
limited partnerships;
limited liability partnerships;
subsidiaries;
branch offices.
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The Limited Liability Company in Singapore >>
• Singapore limited liability companies can be private or public.
• There is no minimum share capital required to open a private limited liability company in Singapore.
• This is the most popular type of company in Singapore.
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>>The Limited Liability Company in Singapore
• The limited liability company requires at least one shareholder and a maximum number of 50 shareholders.
• The Singapore private limited liability company cannot trade its shares on the Stock Exchange.
• Our experts in company formation in Singapore can help you register a limited liability company.
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The General Partnership in Singapore
• The Singapore general partnership must have a minimum number of two partners and a maximum number of 20.
• The general partnership has no distinct legal status from its founding members and the partners have unlimited liability for the Singapore company’s debts and responsibilities.
• Each partner will be taxed on their share of the income resulting from the partnership.
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The Limited Partnership in Singapore
• The Singapore limited partnership must be formed by at least one general partner and one or more limited partners.
• The founding members and the partners have unlimited liability for the Singapore company’s debts and responsibilities.
• Each partner will be taxed on their share of the income resulting from the partnership.
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The Limited Liability Partnership in Singapore
• The limited liability partnership must be formed by at least two partners.
• The partners can be companies or natural persons, or a combination between the two parties.
• A limited liability partnership must have at least one manager who is a natural person and Singapore resident or citizen.
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Opening a Subsidiary in Singapore
• Foreign companies are allowed to fully own subsidiaries in Singapore, but at least one of the directors of the subsidiary must be a Singapore citizen.
• Singapore subsidiaries are business forms which are required to have registered offices and a secretary that must be a resident.
• The registration process of a Singapore subsidiary is quick and easy.
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Open a Branch Office in Singapore
• According to the Company Law in Singapore a branch office requires two resident agents that must deal with the registration process and other activities on behalf of it.
• Branch offices are also required to have a registered office in Singapore.
• A Singapore branch will only be taxed on the income made in the country.
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Business Consultancy in Singapore
• Our experts in Singapore are specialized in company formation and tax consultancy.
• We also offer legal advice in certain aspects of commercial and corporate law.
Thank you for your attention!
+ 852 8191 [email protected]
For more information, please contact us at:
http://www.opencompanysingapore.com12