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Private Limited Company

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Singapore company registration guide
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  • Added: September, 05th 2011
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  • Pages: 3
  • Tags: form a singapore company, singapore company registration, singapore company
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  • Name: Robert Morris
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Content Preview
Private Limited Company

PRIVATE LIMITED COMPANY
There are four types of companies in Singapore:
Private Limited Company - Not more than 50 corporate or individual
shareholders.
Exempt Private Company - Not more than 20 individual shareholders.
Public Company Limited by Shares - It is locally incorporated where
the number of shareholders can be more than 50.
Public Company Limited by Guarantee - It is one that carries out non-
profit making activities that have some basis of national or public
interest, such as for promoting art, charity etc.
Advantages
Disadvantages
* Shareholders' personal assets are protected since
* Companies can be more expensive to set up
they are not personally liable for debts and losses of
company.
* Companies are governed by tighter rules and
regulations
* Ownership is transferable and additional shareholders
can be appointed thus enabling additional capital
* Liquidation or winding up can be more difficult and
injection for expansion purposes.
costly
* Conveys a professional commitment and vision
* Companies must maintain ongoing compliance with
hence maximizes the potential of loans from banks
ACRA/IRAS
and other financial institutions and also establishes a
credible image among the business community.
8.50%
17.00%
e
* Company is perpetual and business operations
NO TAX
are undisturbed by changes in shareholders or the
ble incom
holding pattern.
xa
First S$100,000
Ta
S$100,001 - S$300,000
Above S$ 300,000
* Qualifying conditions:
* Nomorethan20individualshareholders.
* Wheretherearecorporateshareholders,atleast

1shareholderisanindividualholdingatleast10%
oftheshares.
Online Resources
Singapore Private Limited Company | Form a Singapore Company | Types of Singapore Companies
Copyright (c) 2011 Rikvin Pte Ltd

Helpful Links:
Company Registration
Incorporation
Immigration
Accounting
Taxation Services
AsiaBiz Services Pte Ltd
120 Telok Ayer Street, Singapore 068589
Main Line : (+65) 6303 4614
Fax : (+65) 6303 2670
Email : sales@asiabizservices.com
Website : www.asiabizservices.com
This material has been prepared by AsiaBiz for the
exclusive use of the party to whom AsiaBiz delivers this
material. This material is for informational purposes only
and has no regard to the specific investment objectives,
financial situation or particular needs of any specific
recipient. Where the source of information is obtained
from third parties, AsiaBiz is not responsible for and does
not accept any liability over the content.
Copyright (c) 2011 AsiaBiz Services Pte Ltd

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