How To Start a Singapore Private Limited Company With Asiabizservices

No wonder Singapore is a highly developed country as its Laws are so structured that they attract businessmen from around the world. Forming of Singapore Private Limited Company is not as tough a job. Rather it is flexible and is quite beneficial for any upcoming or already functional business.

A Singapore private limited company is the most popular business entity in Singapore. It is a legal entity separate from its directors and shareholders which gives partners limited personal liability. It can be sued under its own name, can own property, and is eligible for local tax exemptions and incentives. The benefits of this type of company are high, and the local government encourages growth stemming from foreign investors.

If the business is new and upcoming it is always better to go for a Private Limited Liability Company.

Singapore private limited company mainly requires a minimum of one shareholder and maximum of 50.There are some good things about this type of business. One major advantage is that the shareholders are not personally liable for debts and losses of the company. They permit transferring of ownership of the company and adding of shareholders. When the time comes that one of the shareholder will die, it will not cause any problems since that individual owns his own shares. Singapore private limited company is given some tax benefits that would largely help the business when it comes to the financial aspect of a business.

Some of its advantages are:

1. One can form a company with even only one person as the Shareholder and one as a Director. Same person can be the shareholder as well as the Director too. The best part of the law is its facility for forming a company with cent percent foreign ownership or shareholding, as it is normally called.

2. Yet another unique law is that the said Singapore Private Limited Company is considered as an independent legal entity, which comes in handy especially when there is a loss of the company. In such a situation, the shareholders and directors personal assets would not be attached to the company for clearing its debts. Only they would be at loss in their shares and more. Hence it is also termed as a Limited Liability Company. This is a super advantageous law as the shareholders are quite secured when it comes to their personal assets and identity.

3. Apart from this, such a law enables the company to be in a consistent state with the minimal hampering of its operations due to a change in directorship or shareholders.

4. To woo more businessman to establish their operations in Singapore and to boost the business and economy of the country, Government of Singapore gives the benefit of Tax Exemption to newly formed companies, irrespective of the fact that they are local or foreign companies.

5. To balance the act and be on the safe side they have a law, which states that, the foreign entities and individuals cannot register their company on their own. But at the same time, not to restrict the foreign shareholders from doing business in the country, they have provided with an option. Registration can be done through a Professional Registration Firm that is accredited by ACRA (Accounting and Corporate Regulatory Authority).

So from every point of view, setting up of a Singapore Limited Liability Company is quite advantageous and a wisely decision.


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Asiabizservices is the leading Singapore Company Incorporation Services Specialists. It has successfully helped thousands of foreign entrepreneurs incorporate a Singapore Company. We will facilitate a smooth and hassle-free registration for you to start a Singapore company. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.