Everything you need to know about incorporating and operating a Private Limited Company in Singapore - the most popular business structure for entrepreneurs and investors.
A Private Limited Company (PTE LTD) is a business entity registered under the Singapore Companies Act 1967. As a separate legal entity, it has the right to own properties, enjoy perpetual succession, and can sue or be sued. It's the most popular business structure in Singapore due to its flexibility and limited liability protection.
Shareholders' liability is limited to their share capital
Company continues to exist despite changes in ownership
Can own property, enter contracts, and conduct business in its own name
Flexible ownership structure for small to medium enterprises
Essential requirements to set up your PTE LTD
If you're a foreigner without a valid work pass, you'll need a nominee director service to meet Singapore's residency requirement.
Why choose Private Limited Company structure
Personal assets are protected from business debts and liabilities
Corporate tax rate of 17%, with various tax incentives and exemptions available
PTE LTD status enhances business credibility with customers, suppliers, and banks
Singapore companies enjoy excellent international reputation and recognition
Easier to raise capital through equity financing and attract investors
Simple process to transfer shares and change ownership structure
Must comply with various statutory requirements and annual filings
Company information is publicly available through ACRA records
May require annual audit depending on company size and revenue
Annual compliance costs including secretary, registered address, and filings
Simple steps to incorporate your PTE LTD
Check and reserve your company name with ACRA
Prepare incorporation documents and obtain required consents
Submit incorporation application to ACRA online
Receive Certificate of Incorporation and company registration
Open bank account, appoint auditor, and commence business
Stay compliant with Singapore regulations
Must hold AGM within 18 months of incorporation and annually thereafter
File annual return with ACRA containing company and officer details
Prepare audited financial statements (if required) and file with ACRA
File Form C (Income Tax Return) with IRAS
File ECI within 3 months of financial year end if estimated chargeable income exceeds SGD $100,000
Register for GST if annual turnover exceeds SGD $1 million
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