IMC Group Singapore:
A Client's Testimony of Exceptional Results
Establishing a Representative Unit with Migration in Singapore. The international commercial business must fulfil the subsequent standards:
- The international entity’s overall revenues must total over USD 250,000
- The international business has been established for far more than three years
- The planned RO team size must be at most five personnel
Taxation Of Singapore Representative Office
A Singapore representative office cannot participate in business operations that make profits. Hence it is optional to file yearly accounting reports. However, revenue reimbursed to the workforce of the Representative Department, involving the Principal Deputy, is substance to Singapore particular revenue taxes. If you choose to set up a Singapore Representative Office, you must take the following Stages:
- Apply to register for the Representative Office. You can also get help from IMC registering your Representative Desk
- Especially once you have successfully established the Representative Offices, may you request a Work Permit. The General Delegate, a foreign firm employee, nominated, must apply for a Work Permit. The Chief Deputy will be able to move to Singapore to manage the Representatives Offices using the Work Permit
- You will want a regional listed office address. If necessary, IMC will facilitate to use our established business addresses. Remember that you can register at a regional headquarters and apply for a work permit without visiting Singapore
The following prerequisites are necessary to meet any international business entity:
- The offshore entity’s annual revenues must total over USD 250,000
- The international business has been established for more than three years
- The suggested workforce size for RO must be less than five employees
Note: Notably, applications for Employee Passes and Representative Offices registrations can be conducted without your presence in Singapore.
Company Formation in Singapore - FAQ
Does a foreigner need to visit Singapore to establish a company?
No, you do not have to be physically present in Singapore to set up a company.
What are the key requirements for setting up a Singapore company?
- A company needs to have at least one shareholder who can be a local or foreign individual or company
- At least one of the directors must be a natural person, above the age of eighteen years old, and a resident of Singapore
- A shareholder who is a natural person can also be a director of the company
- A qualified company secretary has to be appointed. The secretary must be a resident of Singapore
- Company must have a physical, local address in Singapore
- The company must have a paid up capital of at least $1
What are the minimum and maximum number of shareholders a company can have?
A Singapore Private Limited Company (LLC) registration requires at least 1 shareholder. A Private Limited Company can have a maximum of 50 shareholders.
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