Singapore Offshore Solutions
Singapore: Asia's Premier Global Business Hub
Singapore has firmly established itself as a leading global financial and business hub, celebrated for its political stability, robust legal system, pro-business policies, and highly skilled workforce. It serves as an unparalleled gateway for businesses looking to expand into the rapidly growing Asian markets and beyond.
Trison PLC offers comprehensive services for company formation and financial structuring in Singapore. We provide expert guidance on establishing your Singaporean entity, leveraging its competitive tax regime, extensive network of trade agreements, and world-class infrastructure to position your business for success in the global arena.
Why Choose Singapore: Asia's Powerhouse for Business Growth
Singapore's strategic location, highly efficient regulatory environment, and commitment to innovation make it an unrivaled destination for businesses seeking growth opportunities in Asia and beyond.
Its robust legal system, talent pool, and supportive government policies create a dynamic ecosystem for various industries, from technology to financial services.
Competitive Tax Regime
Low corporate and personal tax rates, along with various incentives and exemptions for qualifying activities.
Extensive DTAA Network
Over 90 Double Taxation Avoidance Agreements, minimizing double taxation and facilitating cross-border trade.
Political & Economic Stability
A highly stable political environment and one of the strongest economies globally, fostering business confidence.
Skilled & Global Talent Pool
Access to a highly educated, multilingual, and diverse workforce, attracting top global talent.
Ease of Doing Business
Consistently ranked among the easiest places to start and run a business globally, due to efficient processes.
Innovation & Technology Focus
Strong government support for R&D, digital transformation, and emerging technologies.
Singapore Taxation Overview
Singapore's tax system is designed to be highly competitive and attractive for businesses, featuring low corporate and personal income tax rates, along with various incentives.
Corporate Income Tax (CIT)
A flat corporate income tax rate of 17%, with various tax exemption schemes for new companies and partial exemptions for others, significantly reducing effective rates.
Territorial Tax System (Modified)
Foreign-sourced income is generally not taxed in Singapore unless it is remitted into Singapore and does not qualify for specific exemptions.
No Capital Gains Tax
Singapore does not impose capital gains tax on the disposal of assets.
No Withholding Tax on Foreign-sourced Dividends
No withholding tax on foreign-sourced dividends, interest, or royalties unless specifically derived from Singapore sources.
Goods and Services Tax (GST)
A broad-based consumption tax (equivalent to VAT) applies to most goods and services.
Strict Anti-Avoidance Rules & Economic Substance
Singapore has robust anti-avoidance legislation and emphasizes real economic substance for entities to qualify for tax benefits.
*Singapore's tax system is intricate. Seeking professional tax advice is highly recommended for optimal structuring and compliance.
Singapore Banking: Global Connectivity & Digital Excellence
Singapore boasts a highly sophisticated and digitally advanced banking sector, home to numerous local and international financial institutions. Trison PLC facilitates efficient corporate bank account opening.
Detailed Business Profile Analysis
We assess your company's operational footprint, transaction patterns, and international banking needs to identify the most suitable Singaporean banks.
Comprehensive KYC & Application Support
Assist in compiling all necessary corporate and personal KYC documents, ensuring meticulous preparation to meet MAS and bank compliance standards.
Direct Bank Liaison & Expedited Submission
Serve as your primary contact with the chosen bank, managing communications and actively working to expedite the thorough account opening process.
Account Activation & Post-Opening Digital Integration
Guide you through final account activation and initial funding, providing support for integrating online banking and digital payment solutions.
Our Expertise: Accounting Software & Standards
DBS Bank
OCBC Bank
United Overseas Bank (UOB)
Standard Chartered (Singapore)
Citibank (Singapore)
Required Documents
Establishing a company and opening a bank account in Singapore requires adherence to robust regulatory frameworks and comprehensive documentation.
For Company Formation (Pte Ltd)
- Certified Passport Copy (for all Directors, Shareholders, UBOs)
- Certified Proof of Residential Address (Utility Bill, Bank Statement)
- Professional Reference Letter (Bank, Lawyer, Accountant)
- Detailed Business Plan or Business Activities Description
- Proposed Company Name(s)
- Signed Consent to Act as Director/Secretary (if applicable)
For Corporate Bank Account Opening
- All Company Formation Documents (Certified)
- Certified Certificate of Incorporation & Constitution
- Resolution for Account Opening & Authorized Signatories
- Bank Reference Letter for Shareholders/Directors (if required)
- Proof of Business Activity (e.g., existing contracts, invoices, website)
- Financial Forecasts or Business Projections
*Singaporean banks maintain high compliance standards. Our team will assist in preparing a complete and robust application.
Singapore Company Formation & Bank Account
Transparent pricing for establishing your Singaporean company and securing a robust corporate bank account.
Singapore Company Formation
Comprehensive service for incorporating a Singapore Private Limited (Pte Ltd) company.
- Company Name Search & Reservation
- Preparation of Constitution (Memorandum & Articles)
- ACRA Registration Fees (Initial)
- First Year Company Secretary Services
- First Year Registered Office Address
- Due Diligence & Compliance Support
- Assistance with Bank Account Application Prep
Singapore Corporate Bank Account Opening
Expert assistance for securing a corporate bank account in Singapore.
- Introduction to Suitable Singaporean Banks
- Full Application & Document Preparation
- Direct Liaison with Bank Compliance Teams
- Guidance on Singapore KYC/AML Requirements
- Expedited Application Process (where possible)
- Multi-currency Account Setup Support
- Post-Activation Support & Online Banking Access
*Prices do not include mandatory minimum share capital (S$1), subsequent annual fees, bank account maintenance fees, or notarization/apostille costs. Custom quotes available.
Singapore Legal & Regulatory Framework
Singapore operates under a robust and transparent legal system based on English common law, offering predictability and strong investor protection. Its financial sector is among the most well-regulated globally.
Companies Act (Cap. 50)
The primary legislation governing the incorporation, administration, and winding up of companies in Singapore.
Accounting and Corporate Regulatory Authority (ACRA)
The national regulator of business entities, public accountants, and corporate service providers in Singapore, ensuring compliance.
Monetary Authority of Singapore (MAS)
Singapore's central bank and integrated financial regulator, overseeing banks, insurance companies, and capital markets for stability.
Strong Anti-Money Laundering (AML) Regime
Singapore has one of the strictest and most effective AML/CFT regimes globally, adhering to FATF recommendations.
Frequently Asked Questions
A Private Limited (Pte Ltd) company is the most common and versatile business entity in Singapore, offering limited liability to its shareholders and a distinct legal personality from its owners.
A Private Limited (Pte Ltd) company is the most common and versatile business entity in Singapore, offering limited liability to its shareholders and a distinct legal personality from its owners.
No, Singapore is a highly transparent and reputable onshore financial center. While it offers a low corporate tax rate and various incentives, it adheres strictly to international tax and anti-money laundering standards.
The minimum paid-up capital for a Singapore Private Limited company is S$1, providing great flexibility for startups.
Yes, director and shareholder information is publicly accessible through ACRA (Accounting and Corporate Regulatory Authority), Singapore's company registrar.
Yes, every Singapore company is required to have at least one director who is ordinarily resident in Singapore (a Singapore Citizen, Permanent Resident, or person who has been issued an EntrePass/Employment Pass).
The incorporation process in Singapore is highly efficient and can typically be completed within 1-3 business days once all required documents are prepared and approved.
Annual requirements include filing annual returns with ACRA, holding an Annual General Meeting (AGM), and submitting audited financial statements (unless exempted). We offer comprehensive corporate secretarial and accounting services to assist with these.
Ready to Build Your Global Legacy?
Our experts are ready to help you choose the perfect plan or create a custom solution for your unique business needs. Let's start the conversation today.
