Lccglobal Offers Offshore Company Incorporation With Singapore Corporate

By Author: Ritikapol
Total Articles: 10
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The government of Singapore allows citizens as well as employment pass holders and foreign individuals and entities to start companies in their country. A stable economy and excellent infrastructure makes it one of the easiest places to do business. The economy is still growing and offers plenty of opportunities to tap into the ever changing consumer behaviors and patterns. Company incorporation Singapore allows the enthusiastic entrepreneur to start mainly three different types of companies-sole proprietorship, private limited companies and limited liability partnerships. Company incorporation services give you the chance to start your own company in Singapore with the minimum fuss by providing all the required information and resources.

Sole Proprietorship

A company that has only one person in charge of the business, its assets and liabilities is known as a sole proprietorship. In Singapore, citizens, permanent residents, employment pass and dependent pass holders are allowed to register sole proprietor. Foreign companies and individuals are also allowed to start sole proprietorship if they have a resident ...
... manager in Singapore. It is considered to be the easiest to set up and shut down and all income earned is considered as personal income with tax chargeable accordingly. The only regulation to incorporate a Singapore company is that it must have at least one owner and have a registered office address.

Private Limited Company and Limited Liability Partnership

A private limited company in Singapore is what is known as a corporation in other parts of the world. It is considered as a separate entity from its directors and shareholders. In Singapore the law requires that it should have at least one shareholder, a resident director and a company secretary. Company incorporation Singapore also requires a local registered office address and is eligible for tax exemptions. A limited liability partnership on the other hand combines the advantages of a sole proprietorship and limited liability company in that it is considered a separate entity and the partners have limited liability. Incorporating a company in Singapore requires you to have at least 2 partners, a registered address and a resident manager and offers plenty of advantages.