Responsive table
Accounting and tax considerations | Tax resident LLC | Tax exempt LLC | Fast solution LLC | Free zone LLC | PLC | LLP | Representative office | Branch office | Trust |
---|---|---|---|---|---|---|---|---|---|
Must file an annual tax return? | Yes | Yes | Yes | Yes | Yes | No | No | Yes | No |
Access to double taxation treaties? | Yes | No | Yes | Yes | Yes | Yes | No | Yes | No |
This entity enjoys Government incentives? | Yes | No | Yes | Yes | Yes | Yes | No | Yes | No |
Company registration | Tax resident LLC | Tax exempt LLC | Fast solution LLC | Free zone LLC | PLC | LLP | Representative office | Branch office | Trust |
Minimum number of shareholders/partners? | 1 | 1 | 1 | 1 | 1 | 2 | Parent company | Parent company | 0 |
Maximum shareholding for foreigners? | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | None |
Minimum number of directors/managers? | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | None |
Minimum statutory paid up share capital? | US$1 | US$1 | US$1 | US$1 | US$1 | US$1 | None | None | None |
Shelf companies available? | Yes | Yes | Yes | No | Yes | No | No | No | No |
Time to incorporate a new entity? | 1 week | 1 week | 1 week | 1 week | 1 week | 1 week | 1 week | 1 week | None |
Can easily convert to a PLC? | Yes | No | Yes | No | Yes | No | No | No | No |
Public register of shareholders and directors? | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
Can have preference shareholders? | Yes | Yes | No | No | Yes | No | No | No | No |
Business considerations | Tax resident LLC | Tax exempt LLC | Fast solution LLC | Free zone LLC | PLC | LLP | Representative office | Branch office | Trust |
Can invoice customers in your company name? | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
Restrictions on nature of business activities | No | Yes | No | Yes | No | No | Yes | No | Yes |
Company can hire local staff? | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | No |
Maximum number of staff allowed? | No limit | No limit | No limit | No limit | No limit | No limit | No limit | No limit | None |
Good entity for trademark registration? | Yes | Yes | Yes | Yes | Yes | No | No | No | No |
Can secure an import and export license? | Yes | No | Yes | Yes | Yes | Yes | No | Yes | No |
Other useful information | |
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What will be included in my customer sales invoice? | (click link) |
This country has signed free trade agreements? | Yes |
This country is a member of WIPO/TRIPS? | Yes |
This country is a member of the ICSID? | Yes |
Average customs duties suffered? | 0 |
Government foreign investment approval required? | No |
Average monthly office rental? (US$ per sq m) | 37 |
Minimum statutory annual salary? | None |
Average monthly US$ salary for local skilled employees? | US$3,800 |
S$ deposit interest rate? (1 year average) | 0.004 |
US$ deposit interest rate? (1 year average) | 0.001 |
Overseas remittance currency controls? | None |
Banking considerations | |
Multi-currency bank accounts available? | Yes |
Corporate visa debit cards available? | No |
Quality of e-banking platform? | Excellent |
Crowd funding available in this country? | Yes |