Company Incorporation in Singapore for Local
Company Incorporation in Singapore:
A Simple, Stress-Free Guide to Kickstart Your Business
Are you considering starting a business in Singapore but not sure how to register a company or which business structure to choose? At YYC, we are here to help you every step of the way. Our expertise in Corporate Secretarial Services Singapore ensures a smooth, hassle-free incorporation process.
Your Business Setup Options:
Sole Proprietorship, Partnerships, Companies
1. Sole Proprietorship
A business owned and run by one individual, with no distinction between the owner and the business entity.
Advantages:
- Simple and inexpensive to set up.
- Full control by the owner.
- Minimal compliance requirements.
Disadvantages:
- Unlimited liability (owner is personally liable for all debts and obligations).
- Difficult to raise capital.
- Business continuity depends on the owner.
2. Partnership
A business owned by two or more individuals who share profits, losses, and responsibilities.
Types: General Partnership (GP) and Limited Partnership (LP).
Advantages:
- Simple to set up.
- Shared responsibilities and resources.
- More capital can be raised compared to sole proprietorship.
Disadvantages:
- Unlimited liability for general partners.
- Potential for conflicts between partners.
- Partnership dissolves if one partner leaves (in GP).
3. Limited Liability Partnership (LLP)
A partnership structure where partners have limited liability.
Advantages:
- Limited liability for partners (not personally liable for business debts).
- Flexibility in management.
- Continuity of the partnership despite changes in partners.
Disadvantages:
- More compliance requirements than a general partnership.
Types of Company Structure
Each corporate structure has its own set of advantages and disadvantages, and the choice depends on factors such as the nature of the business, the level of liability protection required, and the long-term goals of the business owners.
Private Limited Company (Pte Ltd)
A separate legal entity from its owners, with limited liability for its shareholders.
Advantages:
- Limited liability (shareholders’ personal assets are protected).
- Ability to raise capital through issuance of shares.
- Perpetual succession (continues to exist regardless of changes in ownership).
- Enhanced credibility and perception.
Disadvantages:
- More complex and expensive to set up.
- Higher compliance and regulatory requirements.
- Mandatory annual filings and audits (if applicable).
Public Limited Company
A company that can offer its shares to the public and is listed on a stock exchange.
Advantages:
- Ability to raise large amounts of capital.
- Enhanced public profile and credibility.
- Limited liability for shareholders.
- Enhanced credibility and perception.
Disadvantages:
- Stringent regulatory and compliance requirements.
- High costs associated with listing and maintaining a public company.
- Greater scrutiny from the public and regulatory bodies.
Branch Office
An extension of a foreign company registered in Singapore.
Advantages:
- Not a separate legal entity (part of the foreign company).
- Can conduct business activities similar to the parent company.
Disadvantages:
- Unlimited liability (parent company is liable for branch office’s obligations).
- Compliance with local regulations.
- Perceived as less independent compared to a subsidiary.
Representative Office
An office established by a foreign company to conduct market research or promotional activities in Singapore.
Advantages:
- No legal liability (cannot conduct business activities generating revenue).
- Simple and inexpensive to set up.
Disadvantages:
- Limited scope of activities (cannot engage in profit-generating activities).
- temporary status (typically registered for a limited period).
Smooth and Easy Company Incorporation
Starting a company in Singapore is a big step and can be daunting. With its’ robust economy and business-friendly environment, Singapore is perfect whether you are just starting out, or to expand your business in the region. Our Corporate Secretarial Services Singapore makes the process seamless and efficient.
Why Singapore?
Strategic Location
Singapore is strategically located in Southeast Asia, making it a gateway to the Asian market. The city-state also has excellent connectivity with the rest of the world, including direct flights to major business hubs.
Ease Of Doing Business
Singapore is consistently ranked as one of the best places to live and work in the world. The city-state offers a high standard of living, excellent healthcare, and a safe environment.
Political Stability
Singapore is known for its stable political environment, which is a crucial factor for businesses looking to invest in the region.
Skilled Workforce
Singapore has a highly skilled and educated workforce, with a good command of English. The government has also implemented various initiatives to encourage lifelong learning and skills upgrading.
Favourable Tax Regime
Singapore has a relatively low corporate tax rate and offers various tax incentives to businesses, such as tax exemptions and deductions.
Robust Legal System
Singapore has a well-developed legal system based on the British common law system. The judiciary is independent, and the country has a strong rule of law.
Quality Of Life
Singapore has a well-developed legal system based on the British common law system. The judiciary is independent, and the country has a strong rule of law.
Why Outsource Your Company Incorporation?
Using professional Corporate Secretarial Services Singapore like ours offers:
01
Regulatory Compliance
Our corporate secretarial team is well-versed in regulatory requirements and the Singapore Companies Act, to ensure you receive the most appropriate advice for your business.
02
Maximized Benefits
We assist you in selecting the most appropriate company structure, so as to derive the most benefits for your business.
03
Personalised Advice
Every business is different. Our team of professionals, provide personalised advice based on your individual unique business.
YYC’s Company Incorporation Services
Our services ensure your business meets your goals and stays compliant. Our Corporate Secretarial Services Singapore include:
01
Choosing the Best Company Structure
We assess your needs and structure.
02
Preparation for Incorporation
We handle name reservations, nominee director screening and services, registered addresses, and KYC documentation.
03
Support After Incorporation
We assist with bank account opening, appointing secretaries, auditors, issuing share certificates, and application for CorpPass, so that the business can transact with the government entities.
Why Choose YYC?
With over 50 years of experience and a strong presence in the region, YYC is your go-to for Corporate Secretarial Services Singapore, helping businesses thrive locally and globally.
Save Time and Money
Fast, efficient processes.
Attentive Support
Dedicated account managers for personalized assistance.
Our expert advisors are ready to provide personalized advice and compliance solutions.
Reach out at:
Let us help you navigate the incorporation process in Singapore smoothly and effectively.
Need Professional Corporate Secretarial Services Singapore? Contact us!
Our expert advisors are ready to provide personalized advice and compliance solutions.
Reach out at:
Contact Info
60 Paya Lebar Road, #11-19, Paya Lebar Square, Singapore 409051
+65 8893 3960
enquiry@yycadvisors.com.sg