Singapore, with its geographical advantages, has become one of the important financial, service, and shipping centers in Asia. Its economic model is known as "state capitalism". According to the 2018 Global Financial Center Index (GFCI) ranking report, Singapore is the fourth largest international financial center after London, New York, and Hong Kong. Rated as a world-class city by GaWC. Singapore is a member of the Association of Southeast Asian Nations (ASEAN), as well as a member economy of the World Trade Organization (WTO), the Commonwealth, and the Asia Pacific Economic Cooperation (APEC). Due to its significant effects in greening and environmental sanitation, it is known as a garden city.

Singapore companies can be divided into two categories, including general and special forms, with general forms of companies including the following types:

Private Limited Company

The maximum number of shareholders is 50.

Listed Company

The number of shareholders is 50 or more. After approval by local government departments, stocks and bonds can be issued to the public to raise funds. And special forms of companies include sole proprietorship, partnership business, limited liability partnership, limited partnership, etc

Advantages of registering a Singapore company

Superior geographical location and logistics center

Good company reputation

Preferential tax policies

A free and sound financial system

Reducing trade barriers in sensitive technologies and ways to access international resource investment opportunities

The bridge between trade financing and listing financing

Expanding the platform for international brand and intellectual property protection

The possibility of obtaining immigration and settlement

Registration requirements for Singapore companies

At least 1 new coin of registered capital

At least one shareholder, without nationality restrictions, can be a natural person or a corporate entity

At least one local Singaporean director (resident citizen, permanent resident, permit holder) (available from Rengang Yongsheng)

Business registration address located locally in Singapore (available from Rengang Yongsheng)

Specify business scope, with a maximum of two relevant industry ranges to choose from

Materials required for registering a Singapore company

Articles of Association and Bylaws of the Company

Law-abiding Oath

Certificate of Identity

Director's appointment letter and qualification oath

Company Registration Address and Office Hours Report Form

The detailed list of directors, managers, company secretaries, and auditors, as well as the record of stock issuance, must be submitted within one month after the establishment of the company

Required information and time

The English name of the company is PTE LTD ending, meaning private limited company

Original ID card or passport of directors or initiators of the company, or a copy certified by a practicing accountant, lawyer, or notary public

Original proof of the director's address for the past three months (such as bank statements, utility bills, gas bills, fixed telephone payment lists, etc.), or a copy certified by a practicing accountant, lawyer, or notary public

Registering a company takes approximately 2 working days (after receiving all necessary documents and passing due diligence)