Business Formation
Our business formation services are designed to simplify the process of starting your own company. From registering your business entity and obtaining necessary licenses to providing expert guidance on legal and regulatory compliance, we offer comprehensive support every step of the way. Our team of professionals will assist you in selecting the right business structure, navigating complex paperwork, and ensuring your business is set up for success. With our expertise and personalized approach, we help turn your entrepreneurial vision into a reality, allowing you to focus on building and growing your business.
Our Expertise
- Consultancy
During consultation, we will assess your entity type to determine the optimal company structure that aligns with your specific needs and requirements.
| COMPANY INCORPORATION | FAMILY OFFICE | GLOBAL INVESTOR PROGRAM (GIP) | |
|---|---|---|---|
|
DEFINITION |
Process of legally establishing a company or business entity |
Private wealth management organization serving affluent individuals or families |
Immigration scheme to attract foreign investors in exchange for residency or citizenship |
|
PURPOSE |
Setting up a business entity for various commercial activities |
Comprehensive wealth management and financial services for affluent individuals or families |
Encourage foreign investment and economic development through immigration incentives |
|
FOCUS |
Business operations, legal compliance, and commercial activities |
Wealth management, investment strategies, estate planning and personalized financial services |
Investment in specific sectors or designated investment vehicles to contribute to the country’s economy |
|
REQUIREMENTS |
Business Registration, compliance with regulations, and operational aspects |
Wealth and assets of high net worth individuals or families |
Significant investment in specific sectors or investment vehicles, fulfilling criteria set by the program |
|
BENEFITS |
Limited liability protection, access to business opportunities, and corporate tax benefits |
Tailored wealth management, investment strategies, tax optimization, and other personalized services |
Residency or citizenship, potential access to business and investment opportunities, and lifestyle benefits in Singapore |
- ACRA Documentation and Registration
Quals Consultants ensures all documents required by the relevant authorities are filed on time.
| Incorporation Requirement | |
|---|---|
|
Minimum Number of Shareholders |
1 |
|
Minimum Number of Local Directors |
1 |
|
Registered Address |
Yes |
|
Company Secretary |
Yes |
|
Filing of Annual Return |
Yes |
|
Coporate Tax / Branch Tax |
17% |
|
Annual Meeting Required |
Yes |
|
Minimum Registered Capital |
SGD 1 |
|
Withholding Tax for Dividend |
0% |
|
Capital Gain Tax |
0% |
|
Goods and Services Tax |
8% (as of 1-Jan-23) |
|
|
9% (as of 1-Jan-24) |
Above information provided is based on the most recent data available as of Jan 2023. For the most up-to-date and accurate information, we strongly recommend verifying the data with reliable sources. It is advisable to consult with relevant authorities or seek professional guidance to ensure compliance with the latest regulations.