Singapore Company
The “resident” Director can be provided by Maritime International Ltd. at an additional fee, or the client can provide a local Singapore resident, known to them, to be the “resident” Director. The names of Directors and Shareholders are in the public record. It is important, therefore, if privacy is desired, that a nominee Shareholder is used. The nominee Shareholder will be provided by Maritime International Ltd. and a Declaration of Trust will be issued to the owners, declaring that they are the owners of the company and the nominee Shareholder operates under their direction. The nominee Shareholder is in the public record.
- The company turnover is less than S$ 5 million.
- The company has less than 20 shareholders.
- There are no corporate shareholders.
Key Corporate Features
GENERAL | |
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Singapore – South East Asia |
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English, Chinese, Malay and Tamil. English is widely spoken. |
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Excellent |
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Yes, if desired. |
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None, if no income is derived from Singapore sources. |
Tax Information Exchange Agreements | |
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Yes, but Nominees may be used. |
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24 to 48 hours. |
CORPORATE | |
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Private Limited Company |
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English Common Law |
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Very few restrictions. |
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Required by Law – |
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Available |
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Not Allowed |
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English |
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A metal corporate seal is mandatory (included in our fees). |
DIRECTORS | |
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Any person or company of any nationality, plus one Singapore resident. |
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One Director must be a Singapore resident. |
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Yes, but Nominees can be used. |
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May Reside Anywhere. One Director must be resident in Singapore. |
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Yes. The resident Director, required by law acts as the nominee and issues the usual POA to the beneficial owner. |
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Anywhere |
COMPANY SECRETARY | |
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Yes, must be a Singapore resident. |
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Yes. Provided by Maritime International Ltd. – |
SHAREHOLDERS | |
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One |
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20. Audited accounts are required for companies with over 20 shareholders. |
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Any person or company of any nationality. |
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Yes, but Nominees can be used. |
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Yes. Provided by Maritime International Ltd. – |
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Required – |
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Anywhere |
SHARES | |
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One |
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Unlimited |
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No |
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Ordinary shares, preference shares, redeemable shares and shares with or without voting rights. (No par value shares are not permitted). |
Share Capital | |
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Any |
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SG$1.00 or US$ 1.00 |
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Unlimited |
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SG$ 50,000 or US$ 50,000 (other currencies are permitted) |
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No |
ACCOUNTS | |
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Yes |
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No, under certain circumstances. |
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Anywhere – |
Brokerage Account | |
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None |