It is not surprising that the World Bank has chosen this city state as the easiest place to do business. Singapore has a very efficient infrastructure, a stable socio-political climate and one of the lowest corporate tax rates in the world.

As the Singapore government supports entrepreneurship, incorporating a company in Singapore can be done quickly and efficiently, even without the physical presence of the shareholder(s). The professional and experienced team at BlueMeg not only has the legal expertise to assist you in this process but also uses the latest technologies to enhance the clients’ experience as much as possible.

Executive summary Download PDF
Singapore by the numbers
Corporate Profit Tax 17% (0% if profits have foreign source)
Income tax Progressive 2% to 22%
Tax rate on dividends 0%
Tax rate on capital gains 0%
Tax exemptions For Year of Assessment 2020 onwards, there is a 75% exemption on the first $100,000 of normal chargeable income; and a further 50% exemption on the next $100,000 of normal chargeable income.
What you need to know
  • Your company requires an individual resident director. This person can be a Singapore citizen or a Permanent Resident. Corporate directors are not allowed in Singapore. BlueMeg provides resident director services.
  • There are two mandatory tax filings to keep in mind:
    • The Estimated Chargeable Income (ECI) filing, due 3 months after your financial year end; and
    • The Corporate Tax Return filing, due each year in November (for the preceding financial period).
  • An Annual General Meeting (AGM) has to be convened every year (i.e. 6 months from the financial year end). Thereafter, the Annual Return has to be filed with the Accounting and Corporate Regulatory Authority (ACRA) within 1 month from the AGM date (i.e. within 7 months from the financial year end).
Process & requirements
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    Place order online

    Simply place your order online. Our friendly colleagues will send you our Client Service Agreement to sign online.

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    Submit required documents

    Upload the required documents. We need a copy of all directors and shareholders identity documents and addresses.

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    Company secretary checks documents

    Our experienced company secretaries will prepare the incorporation documents.

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    Review and sign incorporation documents online

    We will let you review the final documents before we submit them to the regulatory bodies.

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    Company is incorporated

    We submit the documents to the regulatory bodies and your company is incorporated within 48 hours.

Start with BlueMeg today!
Incorporate a new company or onboard your existing company instantly via our online order form.
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