Five Points When Registering a Singapore Company

Five Points When Registering a SG Company

2025-12-18

Registering a company in Singapore is relatively simple. Low registered capital, simple and efficient process, and easy registration for foreigners. But Singapore is also a country with a strict legal system, and registering a company in Singapore must comply with various regulations. In addition, there are also some policy benefits for registering a company in Singapore, don't miss them for nothing!

The Business Scope Should be Accurate

According to Singapore law, only two business scopes can be selected in the SSIC code for registering a company. If filled in incorrectly, it may affect subsequent business operations, account opening issues, and even face legal risks.

Understand Specific Industry Licenses

Some industries, such as finance and insurance, require specific licenses and permits to register a company in order to conduct business. It is important to understand this in advance.

Don't Miss Out on Tax-free Discounts

In Singapore, there are many tax incentives for new companies in the first three years of establishment. The first $100000 of taxable income will receive a 75% tax deduction, and the excess income can enjoy a 50% deduction, etc. Although the discount will decrease in three years, there will still be some. Don't forget to take advantage of these discounts!

Anti Money Laundering Supervision

Singapore has strict regulations on anti money laundering and counter-terrorism financing. When registering a company in Singapore, it is necessary to establish a sound internal control system to ensure that transactions are legal and compliant.

Annual Review and Tax Reporting

The Inland Revenue Authority of Singapore (IRAS) requires all companies to submit corporate income tax returns after the end of each fiscal year. Even if the company has no income or transactions, it must submit a "zero declaration" or "no business activity" declaration on time. If not declared on time, there may be penalties such as fines.

For the last point, it should be noted that although Singapore's tax system is relatively simple, there are still certain complexities in tax declaration, tax benefit application, etc. It is necessary to ensure the compliance and accuracy of tax processing, and professional accounting consultants can be consulted for help.

Established in 2011, Singapore Skyline Business is a comprehensive international business registration and company management service provider. As a registered and reputable business entity with the Ministry of Manpower in Singapore, we specialize in services ranging from family office establishment, GIP investment immigration, company registration, work permit applications, to later-stage PR applications. Feel free to reach out for a free consultation via WeChat (ID: sgtianyu2) or WhatsApp at +65-91328885.

If you are interested in applying for the EntrePass, registering a company in Singapore, and doing business in Singapore, you can contact us through the following methods:

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