Benefits of company incorporation:

• Protection of personal assets and limiting company and personal liabilities
• Own legal identity to enter into legal agreements, own property, sue and be sued all in its own name
• Continues to exist even if shareholders or directors die, resign or go bankrupt
• Ease of transferring ownership of a company than an interest in a partnership
• Clear structures laid out in the Companies Act governing the organization and procedures to be followed by companies
• Minimum number of one shareholder and director for a Singapore Private Limited company
• Image of status and credibility supported
• Significant tax savings – new companies may be entitled to a substantial tax exemption
• Audit exemption for private exempt company and company with turnover not exceeding $5 million
• Greater access to capital funding through sale of shares to investors and bank loans

The House of Services company incorporation package will include the following:

• Professional service for name application and incorporation
• Government registration fee
• Government filing fees for reservation of one company name
• Share certificates
• Common seal
• Minute book & statutory registers
• Memorandum & Articles of Association
• Resolution to open bank account
• Accounting and Corporate Regulatory Authority (ACRA) compliance alert and reminders
• Company profile
• Courier
• Other miscellaneous expenses

For more information and quotation queries, please contact us.