Accounts Tax Secretary
Why B6?
Personalized Support
Supportive advisor to guide you through each step of company formation.
100% Digital and Efficient
An online and hassle-free process, making it more efficient and easier for you.
Transparent Pricing
B6 offers transparent and affordable pricing.
FAQ
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How much share capital do I need?
There is a low cost to start up a company in Singapore, as low as S$1. You can inject more funds into the business later on, and shares can be issued without receiving money from shareholders. This is legalized and ensures the amount is paid.
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Do I need a company address?
Yes, all Singapore companies are required to have a local registered address, which cannot be a P.O. Box. The purpose is to enable members of the public to contact the office if necessary or facilitate the delivery of any legal documents.
If you don’t have an office address in Singapore, you can use a virtual office address or use B6 service for your office address registration.
If you run a small-scale business from your home, you may use your residential address as the office address under the Home Office Scheme. You must get approval under the Home Office Scheme before submitting your application to incorporate your company.
Approval from Housing Development Board for HDB flat and Urban Redevelopment Authority (for private residential properties). -
When should I set my financial year-end to maximize tax savings?
Newly incorporated company to have their 1st Financial year end as close to 12 months as possible to take advantage of the tax break for the first three consecutive YAs to maximize the coverage of the tax exemption for a new startup company.
As IRAS will count financial periods longer than 12 months as two YAs for tax exemption reasons. -
Can a foreigner open a company in Singapore?
Yes, foreigners can register a company and own 100% shareholding.
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What is a corporate shareholder, and do I need one?
A corporate shareholder is a business entity that holds shares in another limited company. This designation encompasses various entities, including another limited company, a limited liability partnership (LLP), or a non-profit organization or charity.