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+65 6829 5355
mail@intercontinentalaccounting.com.sg
101 Thomson Road #06-01 Singapore 307591

Business Setup

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BUSINESS SETUP

Whether you’re foreign, local, or representing your company that wishes to set up a company in Singapore, at Intercontinental Accounting Services, we are a one-stop Singapore corporate service provider, has friendly and knowledgeable team of Singapore company registration specialists who would be happy to advise you on how your business can benefit from the extensive range of pro-business policies, grants and tax concessions in Singapore.

 

We have helped incorporate many Singapore companies each year and we provide ongoing company administration services to them. Our full line of business setup services is listed below.

READY TO START YOUR OWN COMPANY

 

Setting up a company in Singapore is relatively simple for residents. All you need is to determine which business entity will meet your needs. The three most common business entities available for registration in Singapore are Sole Proprietorship, Limited Liability Partnership and Private Limited Company.

 

Intercontinental Accounting Services is a registered Filing Agent with the Accounting and Corporate Regulatory Authority of Singapore (ACRA), which enables us to facilitate company incorporations, and compliance filing with ACRA on behalf of our clients.

A Sole Proprietorship is the simplest form of business entity with only one owner who is the decisive authority and responsible for all assets and liabilities belonging to the business. Singapore citizens or permanent residents; holders of Employment Pass or EntrePass may register a Sole Proprietorship. Foreign individuals and companies may also register a Sole Proprietorship but must appoint a Singapore resident manager.

 

A Limited Liability Partnership (LLP) is a perfect blend of a Partnership with Private Limited Company setup. An LLP gives its owners the flexibility of operating as a Partnership while having a separate legal identity like a Private Limited Company. This type is highly suitable for individuals engaged in professional services such as lawyers, architects, accountants and management consultants. Singapore citizens, residents, and employment pass holders can register a LLP. Foreign individuals and companies may also register a LLP but must appoint a local manager.

A non-profit organization (NPO) in Singapore is a legally constituted organization whose main purpose is to support or engage in activities of public or private interest without any commercial or monetary profit. When NPOs earn a “profit”, more accurately called a surplus, it is retained by the organisation for its future activities and unlike a profit making organisation, does not distribute its earnings amongst its members. NPOs are commonly referred to as Voluntary Welfare Organisations (VWOs) in Singapore and can be registered under the law as a public company limited by guarantee, society, or charitable trust.

The number of S Pass holders a company can employ is capped according to its industry’s Dependency Ratio Ceiling (DRC).