Singapore

International Corporate Services Provider

ESTABLISH
COMPANY IN SINGAPORE
Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved.

One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
 Singapore Introduction
03
TABLE OF CONTENTS

One IBC supports services for Company

Formation in Singapore 04
1. Company Formation in Singapore
05
2. Bank Account Opening Service
10
3. Accounting, Auditing and
Financial Report Services 12
4. Serviced Office
13
5. Change Registered Agent
15
6. Business Licensing Service
16
7. Merchant Account Online
17
8. Intellectual Property and
Trademark Registration Services 17
Other benefits from One IBC
18
Related Services
19
Introduction
Singapore
Featuring one of the most stable and business-friendly legal and tax regimes in the
world, Singapore has long been the preferred location for foreign investors seeking to
establish a business presence in Asia to pursue investments throughout the ASEAN
region, China, and India. The city-state of Singapore offers foreign investors access to
a highly skilled workforce, immense logistics and transportation capacities, and over
70 DTAs.

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 03
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
Corporate Service for
Company in Singapore
One IBC is pleased to support you with the services of establishing companies in
Singapore and many other countries around the world, related to others services such
as Bank Accounts opening, Nominee Director and Shareholder, Serviced Office,
Accounting and Auditing, Business Licensing, and Intellectual Property and
Trademark Registration.

Accounting Business License

and Auditing Registration
Serviced
Nominee Director Office
Financial
and Shareholder
Report

Intellectual Property and

Trademark Registration
Bank Accounts
opening

Company
Formation

Singapore

04 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
1. Company Formation in Singapore
Singapore is considered a country with many tax incentives, so the establishment of
a foreign company in Singapore brings many benefits to company not only on taxes
but also the following benefits:

1 Take advantages of Singapore

reputable and credible Images.

Comprehensive intellectual 2
property protection.

3 Well-developed capital markets

and financial systems.

Attractive tax rates compared to 4

other world leading business centers.

5 Corruption free regulatory

framework and environment.

100% Foreign ownership and 6

no exchange control.

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 05
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
 1.1. Singapore Corporate Tax
Companies (resident and non-resident) that carry on a business in Singapore are
taxed on their Singapore-sourced income when it arises and on foreign-sourced
income when it is remitted or deemed remitted to Singapore. Non-residents are
subject to WHT (Withholding taxes) on certain types of income (e.g. interest, royalties,
technical service fees, rental of movable property) where these are deemed to arise in
Singapore.
Tax on corporate income is imposed at a flat rate of 17%.
A partial tax exemption and a three-year start-up tax exemption for qualifying
start-up companies are available.
Partial tax exemption (income taxable at normal rate): For One IBC clients!

Years of assessment 2018 to 2019

Chargeable income (SG$) Exempt from tax Exempt income (SG$)

First 100,000 100% 100,000

Next 200,000 50% 100,000

Total 200,000

Year of assessment 2020 onwards

Chargeable income (SG$) Exempt from tax Exempt income (SG$)

First 100,000 75% 75,000

Next 100,000 50% 50,000

Total 125,000

The start-up exemption is not available to property development and investment

holding companies.
In addition, for the year of assessment 2018, there is a 40% corporate tax rebate. This
rebate is capped at SG$ 15,000. There is also a rebate of 20% of tax payable for the
year of assessment 2019, which is capped at SG$ 10,000.
Singapore adopts a one-tier taxation system, under which all Singapore dividends are
tax-exempt in the shareholder’s hands.
1.2.Types of businesses One IBC supports to setting up in Singapore
With more than 10 years of experience in consulting and company formation in
Singapore, One IBC will supports customers quickly to own the company by saving
money and time.

06 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
One IBC supports you to establish a company in Singapore with the following type:

General Information
Type of entity Private/Public Limited by Shares.
Type of law Common
Normal with 3 working days or 2
Our time to establish a new company
working days in urgent.
Corporate taxation Varies, 8.5% at first 300,000 SG$.
Double taxation treaty access Yes

Share Capital or Equivalent

Standard currency SG$
Local required Any
Usual minimum issued 1 SG$

Directors and Managers

Minimum number One
Local required Yes
Publicly accessible records Yes
Location of meetings Anywhere

Members or Shareholders
Minimum number One
Publicly accessible records Yes
Location of meetings Anywhere

Company Secretary
Required Yes
Local or qualified Yes
Accounts
Required to file account Yes
Audit required Yes but there are exemptions
Others
Required to file annual return Yes
Change in domicile permitted Yes

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 07
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
1.3. Company Secretary
Every company must appoints a secretary within 6 months from the date of its
incorporation. The Company Secretary must be residing locally in Singapore and
he/she must not be the sole director of the company. The Secretary may also be held
liable for the company's failure to comply with the law in certain situations.
As Company Secretary, we can support your company in lifetime business.

Advantages to apply Singapore Bank when you have Singaporean Secretary.

Virtual Office for mailing forward and Singapore phone number.
Consulting you in tax planning and legal matters.
Supporting, maintaining, and advising your company from year to year.
Dealing with matters during the lifetime of your business.
Help you develop your company bigger and better.
We are glad to become your agent and your legal advisor.

Board meetings Shareholders

General meetings Share and capital issues
Company constitution Acquisitions/Disposal
Statutory register ACRA compliance
Books of accounts Company seal
Annual returns Corporate governance
Share registration And more

08 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
1.4 Nominee Director/Shareholder Services
In Singapore, it is required that the company must have at least one Director, one
Shareholder and one Local Director (mandatory) in order to incorporate a company.
This information will have public access and you can prevent it by using our nominee
services.
With our Nominee Director and Nominee Shareholder services, your identity will be
absolutely safe and confidential from the public records.
Public accessible record is available in Singapore therefore nominee service is
necessary if the director and shareholder wish to keep their name private.

Nominee service ensures the owner’s identity is kept private, maintaining

anonymity and a high level of security.
The nominee director, however, doesn’t hold any practical power over the
business and is only for company incorporation.

Public accessible record is available in Singapore, so nominee service is necessary if

the director and shareholder wish to remain anonymous. The owner’s identity will be:

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 09
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
 Kept private. Keeping your information confidential
within your company structure and
Maintaining anonymity.
the Government.
High level of security.
Fully control of your company
Fulfilment of legal requirements. activities through Power of Attorney
Managing your asset at a high level. (POA) and Declaration of Trust
(DOT).
Protecting your identity from the
company’s documents and with the
government’s record.

2. Bank Account Opening Service

Singapore is a thriving financial centre of international repute. Singapore's banking
system is among the strongest in the world. The banking sector is engaged a wide
range of financial services including traditional lending and deposit-taking functions
as well as corporate investment banking activities. Beside these advantages, it
enables the corporate to freely move funds across the countries. Multi-currency
accounts, internet banking, credit card, trade financing accounts are always available.

10 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
Although most of the major banks in the world concentrate in Singapore, banks are
willing to open corporate account either for Singaporean companies or offshore
companies as long as KYC (Know Your Clients) documents are sufficiently provided.
Singapore companies are welcome to open an account in many banks in the world,
namely Local banks (OCBC, DBS, UOB, etc.) or International banks (Maybank, UOB
Malaysia, Standard Chartered, etc.). Furthermore, offshore banks in low or free tax are
also keen on Singapore Incorporations such as Euro Pacific Bank (Puerto Rico), CIM
(Switzerland), Maubank (Mauritius), Bendura Bank (Liechtenstein), etc.
All banks in Singapore must request a face-to-face meeting with the account holder
opened in Singapore. Our staff will arrange an appointment for you and bank staff in
Singapore to do that.
One IBC assists you to complete the procedures for opening a bank account for a
company in Singapore, you need to prepare and provide the necessary documents as
follows:
Company documents:
Certificate Confirming Incorporation. Constitution.
of Company (ACRA form). Resolution.
Business Profile. Share Certificate.
Proof of Identification:
Original Passport of all members.
Tax number (Tin code).
ID cards of all members.
Proof of Resident:
Original utility bill as residential address proof (electric bill, water bill, etc.).
Proof of Business Operation, if any:
Tenancy office agreement.
Proof of Source of Fund/Wealth:
Documents to show Source of Fund of the Individuals:
Latest 6 months Bank Statements.
OR current 3 months Bank Reference letter.
Documents to show Source of Fund of the Companies (if the company has been
operating for more than 1 year, and has a business bank account):
Corporate bank statements (at least half a year).
Accounting and audit report.
Incumbency.
Good standing.

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 11
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
Business Proofs (Latest 6 Months with Counterparty Company Chop)
Confirmed order. Purchasing invoices.
Sales Contract. Delivery notes.
Other Reference Documents:
Product or Service Information, such as:
Applicant’s website.
Applicant’s Leaflet/Brochure.
Certification of Quality.
Information on counterparties (Suppliers, Buyers, Customers), including
related countries and their Products or Services, such as:
Counterparties’ website.
Counterparties’ Leaflet/Brochure.
Business module with related companies is needed.
Business Plan.
Documents to show relevant experiences of Directors, Authorised Signatories,
Beneficial Owners:
Relevant Employment Letter. Relevant License.
Relevant Certificate. CV.

3. Accounting, Auditing and Financial Report Services

Professional accounting firms such

as ONE IBC employ professionally
qualified and accredited accountants
who are certified by the ISCA.
“Outsource accounting - cost saving"
Bookkeeping, Statutory Accounting.
Compilation of monthly, yearly
management financial reports.
Preparation of financial statements
in compliance with the SFRS.
Preparation of financial statements
in XBRL format for submission to
the Accounting and Corporate
Regulatory Authority (“ACRA”).

12 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
 COMPLIANCE TIMELINE
Legend: (IRAS) (ACRA)
Submission of Estimated Chargeable Income
(Within 3 months of FYE)

Filing of Annual Return

(Within 1 month of AGM)

Appointment of Auditors Filing of

(within 3 months of incorporation) Tax return
(Form C)

Incorporation Financial Year End 1st AGM

30th November
(Start of business) (12 months) (18 months)

1 3 6 12 18 24

4. Serviced Office

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 13
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
We understand that many businesses don’t need the fixed property, What they do need
is a stable professional base for their business that will suit their needs whichever
direction it takes. So we here in provide your Singapore company with our flexible
Serviced Office plans.
Being available in the central of Singapore can enhance the business of your Singapore
Company and raise the company’s confidence and prestige to the client. Thus we
highly recommend our Serviced Office plans in Singapore among our services in Hong
Kong, UK, etc.
Located in 1 Raffles Place, #40-02, One Raffles Place, Office Tower 1, Singapore
048616, your Singapore Company can enjoy the professional services with our Service
Office plans as below:

1 Prestigious city center address.

Singapore

Professional call handlings, 2

high-speed Wi-Fi.

3 Fully furnished office space.

Ready equipped meeting and 4

presentation room.

14 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
 5 Effective mail forwarding service,
prime business address with mail
management.

Local business telephone number. 6

7 On-site team support for admin

tasks.

5. Change Registered Agent

The Registered Agent plays a very important role in shaping the company's business,
they will consult you in tax planning and legal matters, this may relate to supporting,
maintaining and advising your company from year to year and dealing with matters
during the lifetime of your business. You have to choose the best agent to serve and
grow your business.
You may wonder why change the agent when you already have it, but does the current
agent helpful toward your business or they cannot provide the requested services,
you are not happy and you want to change. In that case, we are glad to become your
agent and your legal advisor, with years of consulting, we guarantee that we can bring
the most value to your business and help you develop it bigger and better.
One IBC supports:

1 Professional Advisory with

24/7 support.

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 15
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
 As Company Secretary, we can 2
support your company in lifetime
business.

3 Fast time processing

(2-3 working days).

Advantages to apply Singapore 4

Bank when you have Singaporean
Secretary.

5 Virtual Office for mailing forward

and Singapore phone number.

6. Business Licensing Service

As you know, Singapore is famous for friendly business environments, so Singapore
is an ideal location for global businesses with the regulated license due to one of the
benefits below:
Singapore’s Outstanding Tax System.
Flexible Immigration Policies.
Comprehensive Intellectual Property Protection.
An Honest and Open Government.

16 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
Here are business licensing which One IBC supports:
Travel agency license.
Telecommunication services, VoIP.
Real estate business license.
License for prepaid card and gift card services
Financial services license

7. Merchant Account Online

Singapore-based companies have many options to register a Merchant Account. We
are dedicated to cater and empower Singapore businesses to catch the global trend
in the context of changing economy by the most reliable Merchant Account from
international organizations: World Payment Corp, Stripe, Paypal, SinoPay, AsiaPay.
If a customer is eligible, we can support Merchant Account Application via
commercial banks such as: OCBC, Sinopay, Maybank, UBO, Paypal, SGePay,
GlobalPay.

Here are the benefits Merchant Account Online brings to you:

Risk management, risk avoidance with real-time risk management.
Services for card transactions.
Alternative payment methods. Competitive price.
Varied choice of Merchant Account Provider.
All fees are not upfront, which means it will be deducted only when vendors
can sell their product/service.
Easy and simple checkout.
High security with data tokenization.
Better sale volume with virtual terminal.
Flawless payment flows for Singapore companies.
No more paperwork and confusing PCI compliance procedures.

8. Intellectual Property and Trademark Registration Services

Trademark is known as letters, words, names, signatures, labels, devices, tickets,
shapes and colour, or any combination of these elements. It is used as a sign to
distinguish your business’ goods or services from those of other traders.
Registered trademark will grant the owner of the mark the right to use and exploit the
trademark in the jurisdiction of its registration. It also helps you to have certain
priorities and advantages in registering the trademark in other jurisdictions.
We can support your Intellectual Property, Trademark registration in Singapore not
only for Singapore company, but also for many other jurisdictions.

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 17
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
 Singapore is the Intellectual Property (IP) hub of Asia.
Singapore Government has initiated schemes for businesses who wish to file
their IP.
Support IP registration not only for Singapore company, but also for many
other jurisdictions.
Help in infringement litigation.
Help in rights protection towards trademark infringement.

Other benefits

One IBC Club

Be a member of One IBC business club, you will enjoy many benefits and incentives
that we bring to you.

Accumulated bonus points, can be

converted into money to use any
service of One IBC.

Higher discounts than regular

customers.

Get free office services and meeting

rooms in countries we offer.

Requirement: Applicable for all customers who have used One IBC's services.
Depending on the membership level, the incentives are different.
Membership level is automatically raised based on the total amount of
service you have used at One IBC (Apply all services, offices we offer).
For every 100 credit points, the converted value is equivalent to 1 US$.

18 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
One IBC Club has 3 membership levels:
Silver Gold Platinum
For each level, incentives are as follows:
Type of Class Requirement Reward points

Accumulated amount 3 Credit Points earned for every

spent at eligible U.S. dollar spent on
Silver
offshorecompanycorp.com purchasing services on
from US$ 1,000 to 2,499. offshorecompanycorp.com.

Accumulated amount 5 Credit Points earned for every

spent at eligible U.S. dollar spent on
Gold purchasing services on
offshorecompanycorp.com
from US$ 2,500 to 5,000. offshorecompanycorp.com.

Accumulated amount 12 Credit Points earned for

spent at every eligible U.S. dollar spent
Platinum offshorecompanycorp.com on purchasing services on
US$ 5,000. offshorecompanycorp.com.

Related services
One IBC also supports set up companies and opening corporate bank accounts in
most global financial and trade centers such as Hong Kong, Dubai (UAE), United
Kingdom (UK), Switzerland, Delaware (USA), Cayman Islands, British Virgin Islands
(BVI), Belize, etc. Contact us for more details.

One IBC help you to set up companies in over 25 jurisdictions quickly and
cost-effectively. With our strengths:
Dedicated support with reasonable costs.
Local experts help you set up a company and comply and meet the
requirements quickly.
Our experts have over 10 years of experience.
Integrity and due diligence.
Confidentiality and data protection.
Our experienced support experts will provide you with all the information you need to
know for your offshore company as we are assured with you that you have more time
to focus on business. Please contact our experts for assistance.

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability. 19
1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.
Contact us
Hong Kong Office Singapore Office
Add: Unit 1411, 14/Floor, Cosco Tower, 183 Add: 1 Raffles Place, #40-02, One Raffles
Queen's Road Central, Sheung Wan, Hong Kong. Place, Office Tower 1, Singapore 048616.
Tel: +852 5804 3919 Tel: +65 6591 9991
WhatsApp/Viber/WeChat: +852 9243 0936 Mobile/WhatsApp: +65 932 77 999
Email: [email protected] Email: [email protected]
Website: www.oneibc.com

Europe – Lithuania Office Vietnam Office

Add: Lvovo str. 25, Mažoji bure, 15th floor, Add: Asia Trade Centre Building, 507B Huynh
LT-09320, Vilnius, Lithuania. Tan Phat Boulevard, Tan Thuan Dong Ward,
Tel: + 370 5266 4444 District 7, Ho Chi Minh City, Vietnam.
Email: [email protected] Tel: +84 848777768
Email: [email protected]

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a
separate legal entity. Please see www.oneibc.com/structure for further details.