Unlocking the
Potential of Companies in Singapore

Home / SG Company Incorporation / Company

When it comes to establishing a business in Singapore, one of the most popular and versatile options is forming a company. Companies offer distinct advantages, including legal separation from shareholders and directors, limited liability, and a clear framework for governance. In this comprehensive guide, we’ll explore the essential aspects of companies in Singapore, covering ownership, legal status, registration, taxation, and more.


Companies in Singapore can take different forms based on their ownership structure:

  • Exempt Private Company: Limited to 20 members or less, with no corporation holding beneficial interest in the company’s shares.
  • Private Company: Limited to 50 members or less.
  • Public Company: Can have more than 50 members.

Legal Status:

Companies are recognized as separate legal entities from their members and directors:

  • Members (shareholders) enjoy limited liability, protecting their personal assets from business debts and losses.
  • A company can initiate legal actions or be subject to legal actions in its own name.
  • Unlike some other business structures, companies can own property in the name of the company.
  • Members are not personally liable for the company’s debts and losses.

Yearly Statutory Obligations:

Operating a company in Singapore involves specific annual obligations:

  • Companies must appoint a company secretary within 6 months of incorporation.
  • An auditor must be appointed within 3 months after incorporation, unless the company qualifies for exemptions from audit requirements.
  • Annual returns must be filed, and statutory requirements for general meetings, directors, company secretary, share allotments, and more must be complied with.

Registration Requirements:

To establish a company in Singapore, certain registration criteria must be met:

  • At least one shareholder is required.
  • At least one director must be ordinarily resident in Singapore, aged at least 18 years.
  • Foreign individuals who wish to act as local directors can apply for an EntrePass from the Ministry of Manpower.
  • Undischarged bankrupts are ineligible to be directors and cannot manage a company without approval from the Court or the Official Assignee.


Taxation for companies in Singapore follows specific rules:

  • Profits are taxed at corporate tax rates, providing potential tax advantages for businesses.

Continuity in Law:

A company enjoys perpetual succession until it is wound up or struck off, ensuring its continuous legal existence.

Closing the Business:

Closing a company can be done through two primary avenues:

  • Winding up can be voluntary, initiated by members or creditors, or compulsory, ordered by the High Court.
  • Striking off is another option for closing a company.

Schedule an appointment now!

Please provide a valid email address so we can schedule your free assessment.

Blank Form (#4)
Newsletter Form (#6)

Subscribe to our newsletter

Welcome to our newsletter subscription center. Subscribe to get special offers delivered straight to your inbox!

Get your Free Consultation

Please feel free to get in touch, and we will ensure your needs are addressed promptly and efficiently.

Singapore working visa approved.
Singapore Work Visa Fast and Reliable

Other Services

Schedule an appointment now!

Please provide a valid email address so we can schedule your free assessment.

Blank Form (#4)