Country's features:

Geographic location	Malay Peninsula
Political regime	Republic
Population	5 353 494 (2012)
Language	English, Mandarin, Malay and Tamil
Currency	Singapore Dollar (SGD)
Time zone	GMT+8

Features of the incorporation of a company:

Type of company	Private Limited Company (LTD)
Capital required	No minimum capital is required
Legal system	Common Law
Number of directors/shareholders	Minimum, 1 director/ 1 shareholder
Anonymity and confidentiality	The directors' and shareholders' names appear in the Public Registry. The services of a nominee can be used. One of the directors must be resident in Singapore.
Secretary service	Yes
Corporate tax	17% normal rate EXEMPTIONS: Taxable profits up to 300,000 SGD: 75% of the first 10,000 SGD of profits 50% of the following 290,000 SGD Taxable profits for new companies, the first three years: 0% tax on 0 to 100,000 SGD of profits 8,5% tax on 100,000 to 300,000 SGD of profits tax if higher than 300,000 SGD of profits
Wealth tax	0%
VAT	7%
Government taxes	Yes: 20 SGD
Accounting requirements	Mandatory to keep accounts and file annual reports
Bearer shares	Unauthorized
Exchange control - non-residents	No

Related links:

• Singapore’s government website: http://www.gov.sg