{"id":988297,"date":"2025-09-12T08:15:29","date_gmt":"2025-09-12T08:15:29","guid":{"rendered":"https:\/\/cla.global\/?page_id=988297"},"modified":"2026-01-07T13:01:45","modified_gmt":"2026-01-07T13:01:45","slug":"setup-llc","status":"publish","type":"page","link":"https:\/\/cla.global\/singapore-company-registration\/setup-llc\/","title":{"rendered":"setup-llc"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"988297\" class=\"elementor elementor-988297\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-585127c e-flex e-con-boxed e-con e-parent\" data-id=\"585127c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6161545 e-con-full e-flex e-con e-child\" data-id=\"6161545\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-70aa893 elementor-widget elementor-widget-html\" data-id=\"70aa893\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n\/* Sidebar Component Styles - Elementor Compatible *\/\r\n.uk-sidebar-component {\r\n    max-width: 100%;\r\n    font-family: inherit;\r\n    color: inherit;\r\n    line-height: inherit;\r\n    position: relative;\r\n    z-index: 1;\r\n}\r\n.uk-sidebar-component * {\r\n    box-sizing: border-box;\r\n}\r\n\/* Sidebar Styles *\/\r\n.uk-sidebar {\r\n    width: 280px;\r\n    background: #f1f5f9;\r\n    border-right: 1px solid #e2e8f0;\r\n    padding: 20px;\r\n    border-radius: 8px;\r\n    height: fit-content;\r\n    flex-shrink: 0;\r\n    position: relative;\r\n    z-index: 1;\r\n}\r\n.uk-sidebar h3 {\r\n    background: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%);\r\n    color: #fff;\r\n    padding: 12px;\r\n    border-radius: 6px;\r\n    margin: 0 0 15px 0;\r\n    text-align: center;\r\n    font-size: 16px;\r\n    font-weight: bold;\r\n}\r\n.uk-sidebar-menu {\r\n    list-style: none;\r\n    padding: 0;\r\n    margin: 0;\r\n}\r\n.uk-menu-item {\r\n    margin: 8px 0;\r\n    position: relative;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle {\r\n    text-decoration: none !important;\r\n    color: #1a4b5c !important;\r\n    font-size: 15px;\r\n    font-weight: 600;\r\n    display: flex !important;\r\n    align-items: center;\r\n    justify-content: space-between;\r\n    padding: 12px 15px;\r\n    border-radius: 6px;\r\n    background: #fff;\r\n    border: 1px solid #e2e8f0;\r\n    transition: all 0.3s ease;\r\n    cursor: pointer;\r\n    position: relative;\r\n    z-index: auto;\r\n    width: 100%;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle:hover,\r\n.uk-menu-item > .uk-dropdown-toggle:focus {\r\n    background: rgba(26, 75, 92, 0.1) !important;\r\n    border-color: #1a4b5c !important;\r\n    color: #1a4b5c !important;\r\n    text-decoration: none !important;\r\n}\r\n.uk-menu-item > .uk-dropdown-toggle::after {\r\n    content: \"\u25bc\";\r\n    font-size: 12px;\r\n    transition: transform 0.3s ease;\r\n    pointer-events: none;\r\n    margin-left: auto;\r\n}\r\n.uk-menu-item.uk-active > .uk-dropdown-toggle::after {\r\n    transform: rotate(180deg);\r\n}\r\n.uk-submenu {\r\n    list-style: none;\r\n    padding: 0;\r\n    margin: 0;\r\n    max-height: 0;\r\n    overflow: hidden;\r\n    transition: all 0.3s ease;\r\n    background: #fff;\r\n    border-radius: 0 0 6px 6px;\r\n    border: 1px solid #e2e8f0;\r\n    border-top: none;\r\n    opacity: 0;\r\n    position: relative;\r\n    z-index: auto;\r\n}\r\n.uk-menu-item.uk-active .uk-submenu {\r\n    max-height: 500px;\r\n    padding: 10px 0;\r\n    opacity: 1;\r\n}\r\n.uk-submenu li {\r\n    margin: 0;\r\n}\r\n.uk-submenu li a {\r\n    text-decoration: none !important;\r\n    color: #475569 !important;\r\n    font-size: 14px;\r\n    display: block;\r\n    padding: 8px 20px;\r\n    transition: all 0.3s ease;\r\n    cursor: pointer;\r\n    position: relative;\r\n    z-index: auto;\r\n}\r\n.uk-submenu li a:hover,\r\n.uk-submenu li a:focus {\r\n    background: #f8fafc !important;\r\n    color: #1a4b5c !important;\r\n    padding-left: 25px;\r\n    text-decoration: none !important;\r\n}\r\n\/* Responsive Design *\/\r\n@media (max-width: 768px) {\r\n    .uk-sidebar {\r\n        width: 100%;\r\n        max-width: 350px;\r\n    }\r\n}\r\n@media (max-width: 480px) {\r\n    .uk-sidebar {\r\n        width: 100%;\r\n        padding: 15px;\r\n    }\r\n    .uk-sidebar h3 {\r\n        font-size: 14px;\r\n        padding: 10px;\r\n        margin-bottom: 12px;\r\n    }\r\n    .uk-menu-item > .uk-dropdown-toggle {\r\n        font-size: 14px;\r\n        padding: 10px 12px;\r\n    }\r\n    .uk-submenu li a {\r\n        font-size: 13px;\r\n        padding: 6px 16px;\r\n    }\r\n}\r\n<\/style>\r\n<\/head>\r\n<body>\r\n<div class=\"uk-sidebar-component\">\r\n    <!-- Sidebar -->\r\n    <aside class=\"uk-sidebar\" id=\"ukSidebar\" role=\"navigation\" aria-label=\"Singapore Guide Navigation\">\r\n        <h3>Singapore Business Guide<\/h3>\r\n        <ul class=\"uk-sidebar-menu\">\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-summary\">Singapore Summary<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-summary\">\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/\">Singapore Overview<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/benefits-and-problems\/\">Why start a business here?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/benefits-and-problems\/\">Problems with doing business here?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/singaporean-company-annual-renewal\/\">Singaporean company annual renewal<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/shelf-company\/\">Fast company solutions!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/bank-account\/\">Corporate banking solutions?<\/a><\/li>\r\n                    \r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-structuring\">Singaporean Corporate Structuring<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-structuring\">\r\n                    <li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/\">Company set up strategy<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/setup-llc\/\">Business entity types!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/14-steps-to-register-a-company-in-singapore\/\">14 steps to register an LLC!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/singapore-offshore-company-2\/\">Singapore offshore company?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/singapore-company-transfer-in\/\">Singapore company transfer-in<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/llp\/\">Limited liability partnerships?<\/a><\/li>\r\n\r\n                    \r\n                    \r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-fees\">Fees and Timelines<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-fees\">\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/fees-timelines\/\">Engagement fees?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/fees-timelines\/\">Timelines?<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-cashflow\">Cash Flow Considerations<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-cashflow\">\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/corporate-funding\/\">Government incentives?<\/a><\/li>\r\n                    \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/merchant-account\/\">Singapore merchant account!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/online-business-solutions\/\">E-commerce sales!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/services\/cash-flow-improvement-services\/\">Cash flow improvement services!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/services\/global-marketing-services\/\">Market penetration strategies?<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-legal\">Legal + Accounting + Tax<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-legal\">\r\n                    \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/employment-act-in-singapore\/\">Employment law in Singapore<\/a><\/li>\r\n                    \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/accounting-and-tax-considerations\/\">Accounting and tax considerations?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/legal-and-compliance\/\">Legal considerations!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/tax-audit-services\/\">Singapore Tax Audit Services?<\/a><\/li>\r\n              \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/resident-director\/\">Resident director services?<\/a><\/li>\r\n                   \r\n            \r\n                    \r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-support\">Business Setup Support Services<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-support\">\r\n                   \r\n                    <li><a href=\"https:\/\/cla.global\/recruitment\/\">Human resources services<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/services\/staff-recruitment\/\">Employee considerations!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/tax-audit-services\/\">Singapore virtual office services!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/virtual-office\/\">Find office premises!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/trademark\/\">Trademark registration!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/start-up\/\">Entrepreneur\u2019s start-up guide?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/support-services\/\">Business startup support services?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/transfer-solution\/\">Singapore LLC transfer solution?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/ship-registration\/\">Singapore ship registration?<\/a><\/li>\r\n                    \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/company-de-registration\/\">Singapore company de-registration<\/a><\/li>\r\n                  \r\n                    <li><a href=\"https:\/\/cla.global\/services\/corporate-advisory-solutions\/\">Other support services!<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"sg-other\">Other Country Information<\/div>\r\n                <ul class=\"uk-submenu\" id=\"sg-other\">\r\n                    \r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/about-2\/\">Success tips when doing business in Singapore!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/singapore-company-registration\/about-2\/\">Interesting facts about Singapore!<\/a><\/li>\r\n                    <li><a href=\"#\">Client case studies!<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n        <\/ul>\r\n    <\/aside>\r\n<\/div>\r\n\r\n<script>\r\n(function() {\r\n    'use strict';\r\n    let isInitialized = false;\r\n    function initUKSidebar() {\r\n        if (isInitialized) return;\r\n        document.addEventListener('click', function(e) {\r\n            if (!e.target.closest('.uk-sidebar-component')) return;\r\n            if (e.target && e.target.classList.contains('uk-dropdown-toggle')) {\r\n                e.preventDefault();\r\n                e.stopPropagation();\r\n                const parentItem = e.target.closest('.uk-menu-item');\r\n                if (!parentItem) return;\r\n                const allItems = document.querySelectorAll('.uk-sidebar-component .uk-menu-item.uk-has-dropdown');\r\n                allItems.forEach(function(item) {\r\n                    if (item !== parentItem && item.classList.contains('uk-active')) {\r\n                        item.classList.remove('uk-active');\r\n                    }\r\n                });\r\n                parentItem.classList.toggle('uk-active');\r\n                return;\r\n            }\r\n        });\r\n        isInitialized = true;\r\n    }\r\n    if (document.readyState === 'loading') {\r\n        document.addEventListener('DOMContentLoaded', initUKSidebar);\r\n    } else {\r\n        initUKSidebar();\r\n    }\r\n    window.addEventListener('load', function() {\r\n        setTimeout(initUKSidebar, 100);\r\n    });\r\n})();\r\n<\/script>\r\n<\/body>\r\n<\/html>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b38f891 e-con-full e-flex e-con e-child\" data-id=\"b38f891\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-67e0b15 elementor-widget elementor-widget-heading\" data-id=\"67e0b15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Type of Business Entities &amp; corporate structures in Singapore<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69314ca elementor-widget elementor-widget-text-editor\" data-id=\"69314ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"germany-main-title\">There are several types of companies that our Clients can\u00a0<a href=\"https:\/\/cla.global\/singapore-company-registration\/\">set up in Singapore<\/a>, the most common ones being the private limited company (LLC), branch office and representative office.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-979361a elementor-widget elementor-widget-heading\" data-id=\"979361a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">The private limited company (Pte. Ltd.)<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32afb35 elementor-widget elementor-widget-text-editor\" data-id=\"32afb35\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Setting up a private limited company in Singapore is the most common strategy adopted by entrepreneurs, which is abbreviated as \u201cPte. Ltd.\u201d. This company type is functionally equivalent to the LLC in other jurisdictions, with shareholders\u2019 liability being limited to the amount unpaid on their shares;<\/li><li>Thanks to the relaxed rules on opening a private limited company,\u00a0<strong>requiring only one shareholder, one resident director, a company secretary, a registered address and no minimum share capital<\/strong>, foreign investors overwhelmingly favour the Pte. Ltd. when entering the Singaporean market. This entity can engage in any type of commercial or industrial activity, and there are\u00a0<strong>no restrictions on foreign investment<\/strong>;<\/li><li>Singaporean private limited companies may have\u00a0<strong>up to 50 shareholders<\/strong>. If there are likely to be either\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0<strong>more than 50 shareholders<\/strong>\u00a0or\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0<strong>regular share transfers<\/strong>, then an unlisted public limited company is a better option;<\/li><li>This entity can be\u00a0<strong>incorporated within one week<\/strong>\u00a0without the need for our Clients to visit Singapore or contribute any share capital. However,\u00a0<strong>at least one of the company\u2019s directors must be resident in Singapore<\/strong>;<\/li><li>Local government is welcoming new entrepreneurs to start a business in Singapore. New startups will enjoy significant tax relief at the first 3 years of tax assessment and subsequently can be qualified for a partial tax relief. For the details please refer to\u00a0<a href=\"https:\/\/www.iras.gov.sg\/irashome\/Businesses\/Companies\/Learning-the-basics-of-Corporate-Income-Tax\/Common-Tax-Reliefs-That-Help-Reduce-The-Tax-Bills\/\" target=\"_blank\" rel=\"noopener nofollow\">IRAS webpage<\/a>.<\/li><\/ul><p class=\"mt10\"><strong>Best uses:<\/strong><\/p><p><strong><em>General purpose<\/em><\/strong>\u00a0\u2013 A private limited company fulfils the needs of almost every application for doing business either within or outside Singapore. These entities have\u00a0<strong>low administrative requirements<\/strong>\u00a0and can be turned to almost any use as long as share liquidity is not required. These attributes of a Singapore LLC makes it ideally suited for use as a subsidiary or as an entrepreneurial vehicle.<\/p><ul><li>The private limited company\u2019s flexibility also means that it can be used in the following ways:<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76b760f elementor-widget elementor-widget-heading\" data-id=\"76b760f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Special Purpose Vehicle (SPV)<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45cca29 elementor-widget elementor-widget-text-editor\" data-id=\"45cca29\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>SPVs can be used to\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0<strong>hold designated assets on behalf of its investors<\/strong>\u00a0while insulating the shareholders from liability and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0<strong>raise funds from the market<\/strong>;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7c9947 elementor-widget elementor-widget-heading\" data-id=\"d7c9947\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Holding company<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17a6448 elementor-widget elementor-widget-text-editor\" data-id=\"17a6448\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>This vehicle is used to\u00a0<strong>hold and manage long-term investments<\/strong>\u00a0including debt, real estate, and shares in other businesses in a tax-efficient manner;<\/li><li>Holding companies derive their income primarily from dividends, interest payments and rental fees, depending on the types of assets held;<\/li><li>Singaporean companies can be used as private wealth vehicles to manage family assets. Visit CLA Consultants Group\u2019s page on <a href=\"https:\/\/www.healyconsultants.com\/family-asset-management\/\" target=\"_blank\" rel=\"noopener\">family wealth vehicles<\/a>\u00a0to learn more and compare different structures that can be used to run a family office.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03fe823 elementor-widget elementor-widget-heading\" data-id=\"03fe823\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Branch office<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-221b695 elementor-widget elementor-widget-text-editor\" data-id=\"221b695\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Foreign companies may do business in Singapore\u00a0<strong>without setting up a separate legal entity<\/strong>, although they\u00a0<strong>must register with the\u00a0<a href=\"https:\/\/www.acra.gov.sg\/Home\/\" target=\"_blank\" rel=\"noopener nofollow\">Accounting and Corporate Regulatory Authority (ACRA)<\/a><\/strong>\u00a0to do so. Doing business in this manner is known as\u00a0<strong>establishing a branch office in Singapore<\/strong>;<\/li><li>A branch office can conduct business only within the scope set by the parent company. A Singapore-based branch\u00a0<strong>can invoice local customers, sign sales contracts and receive income from customers<\/strong>;<\/li><li>As an extension of the foreign company without its own legal personality, a branch does not have limited liability. Any\u00a0<strong>liabilities incurred by the branch are therefore attributed to the parent company<\/strong>. Consequently, using a branch introduces greater risks to your business;<\/li><li>Branch offices\u00a0<strong>may only be registered by foreign corporations<\/strong>, as stipulated by Singapore\u2019s Companies Act;<\/li><li>Branches are treated as non-resident for tax purposes. This means that they do not benefit from Singapore\u2019s double taxation avoidance treaties, nor the tax incentives for new companies.<\/li><\/ul><p class=\"mt10\"><strong>Best uses:<\/strong><\/p><p><strong><em>Not recommended<\/em><\/strong>\u00a0\u2013 Although there are some limited advantages to using branches in other jurisdictions, including:\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0being a cost-effective way to incorporate business in Singapore, and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0<a href=\"https:\/\/www.iras.gov.sg\/irashome\/Businesses\/Companies\/Working-out-Corporate-Income-Taxes\/Companies-Receiving-Foreign-Income\/Tax-Exemption-of-Foreign-Sourced-Income\/\" target=\"_blank\" rel=\"noopener nofollow\">the branch profits earned<\/a>\u00a0can be repatriated without paying any taxes. However, CLA Consultants Group recommends incorporating a local company rather than establishing a branch in Singapore. Since the company has no minimum capital requirement, limited liability, and allows 100% foreign ownership in all fields, the traditional benefits of a branch do not apply. No time is saved in registering a branch either, as incorporating a Singaporean company can be done under a week.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c04825 elementor-widget elementor-widget-heading\" data-id=\"3c04825\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Representative office<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f5ffec elementor-widget elementor-widget-text-editor\" data-id=\"2f5ffec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>A representative office can be used if a\u00a0<strong>foreign company does not intend to carry on revenue-generating business activities in Singapore<\/strong>. Annual filings are simplified since the lack of revenue means that taxes do not need to be filed or assessed;<\/li><li>These entities\u00a0<strong>cannot make direct sales<\/strong>. Instead, they may only carry out \u201cauxiliary activities\u201d, such as\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0<strong>promoting the business of the parent company<\/strong>\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0<strong>market research<\/strong>\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0<strong>after-sales support<\/strong>\u00a0or\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0<strong>research &amp; development<\/strong>;<\/li><li>The scale of a representative offices\u2019 operations is limited by a rule requiring fewer than five members of staff;<\/li><li>Representative offices\u2019 limited scope brings with them a limited lifetime, as they may\u00a0<strong>only operate for up to three years before being required to convert to a branch<\/strong>;<\/li><li><strong>New foreign businesses may not set up representative offices in Singapore<\/strong>, as the law requires that the foreign entity should\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0have\u00a0<strong>an annual sales of more than US$250,000<\/strong>\u00a0and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0have\u00a0<strong>existed for at least three years<\/strong>;<\/li><\/ul><p class=\"mt10\"><strong>Best uses:<\/strong><\/p><p><strong><em>Market research<\/em><\/strong>\u00a0\u2013 If your business wishes to send a small delegation of staff to investigate the Singaporean market, a representative office is a good short-term solution with simpler financial reporting than for a company. For other activities or long-term establishments in Singapore, a company is usually preferred due to greater flexibility in the activities it can carry out and more freedom to generate value for the business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ecf9e7f elementor-widget elementor-widget-heading\" data-id=\"ecf9e7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Free Zone Company<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8773c8 elementor-widget elementor-widget-text-editor\" data-id=\"f8773c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Our Clients also have the option of setting up a free zone company in one of the nine available free zones. For this purpose, we can assist our Clients to incorporate a simple LLC and then help them obtain an operating permit from the free zone authority;<\/li><li>The free zones provide massive advantages including:\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0storage facilities to both local and foreign companies;\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0no permit requirement for the transshipment of non-controlled goods; and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0no custom duties and GST on products imported in a free zone;<\/li><li>For more information about this business entity, refer to our\u00a0Singapore free zones page.<\/li><\/ul><p class=\"mt10\"><strong>Best uses:<\/strong><\/p><p><strong><em>International Trade<\/em><\/strong>\u00a0\u2013 A free zone company is generally used by trading companies that need to import products into Singapore for further processing and then export the finished goods to other countries.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6329dc8 elementor-widget elementor-widget-heading\" data-id=\"6329dc8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Singapore fast solution<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e15c01 elementor-widget elementor-widget-text-editor\" data-id=\"0e15c01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>This solution is recommended for our Clients who need an immediate company setup in Singapore. For such Clients, CLA Consultants Group presents its fast turnkey solution which includes <span class=\"yellow-roman\">i)<\/span>\u00a0a company registration number\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0an already approved multicurrency corporate bank account number and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0a business address;<\/li><li>For more information, refer to our\u00a0<a title=\"turnkey solution\" href=\"https:\/\/cla.global\/singapore-company-registration\/turnkey-solutions\/\" target=\"_blank\" rel=\"noopener\">Singapore shelf company\/turnkey solutions page<\/a>;<\/li><\/ul><p class=\"mt10\"><strong>Best uses:<\/strong><\/p><p>The Singapore fast solution is recommended for our Clients who immediately need a local company to close deals or sign contracts in Singapore.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb2d43a elementor-widget elementor-widget-heading\" data-id=\"cb2d43a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Limited Liability Partnership<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-466b982 elementor-widget elementor-widget-text-editor\" data-id=\"466b982\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>An alternative to the limited liability company is the limited liability partnership (LLP). Like the LLC, this entity offers limited liability benefit to its partners. Furthermore, this entity can issue contracts, lease property and sign legal documents in its own name;<\/li><li>An LLP can be setup by 2 partners with a minimum capital of US$1. However, the LLP will be required to appoint at least 1 manager who is ordinarily resident in Singapore;<\/li><li>An LLP will not be subject to annual corporate income tax. However, the income will be taxed in the hands of the partners. Consequently, if the partners are individuals, personal income tax will be payable or if they are corporate entities, corporate income tax will be payable;<\/li><li>For more information, refer to our\u00a0<a href=\"https:\/\/cla.global\/limited-liability-partnerships\/\" target=\"_blank\" rel=\"noopener\">webpage on LLPs<\/a>.<\/li><\/ul><p class=\"mt10\"><strong>Best uses:<\/strong><\/p><p><strong><em>Professional services<\/em><\/strong>\u00a0\u2013 An LLP is generally recommended for firms providing professional services including accounting &amp; tax services, consulting services and legal services.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94bf228 elementor-widget elementor-widget-heading\" data-id=\"94bf228\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Partnership<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62a6cfc elementor-widget elementor-widget-text-editor\" data-id=\"62a6cfc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Some of our Clients may wish to form a general partnership (GP) in Singapore. Unlike an LLP, partners of a GP are personally liable for all losses and debts of the partnership;<\/li><li>An alternative option to the GP and LLP will be the limited partnership (LP). An LP comprises of at least 1 general partner (who is personally liable for all losses and debts) and 1 limited partner (whose liability is limited to the extent of his capital contribution);<\/li><\/ul><p class=\"mt10\"><strong>Best uses:<\/strong><\/p><p><strong><em>Not recommended<\/em><\/strong>\u00a0\u2013 GPs and LPs are not recommended to our Clients as they expose the partners to personal liability for all damages and losses. Instead, our Clients should either choose an LLC or an LLP.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d64c59c elementor-widget elementor-widget-heading\" data-id=\"d64c59c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Investment company<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a2a6b8 elementor-widget elementor-widget-text-editor\" data-id=\"7a2a6b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>An investment company will allow our Clients to\u00a0<strong>pool their investors\u2019 capital<\/strong>\u00a0and invest this money on their behalf. However, this business activity will require the owners of the company to file an application with the\u00a0<a href=\"http:\/\/www.mas.gov.sg\/\" target=\"_blank\" rel=\"nofollow noopener\">Monetary Authority of Singapore (MAS)<\/a>. For fund management, the application will take one of the two forms: either as\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0an\u00a0<strong>application for a registered fund management company<\/strong>\u00a0or\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0an\u00a0<strong>application for a Capital Markets Services license<\/strong>.<\/p><p>Registered fund management companies are\u00a0<strong>limited to 30 accredited or institutional investors<\/strong>, up to 15 of whom may be other funds invested in by accredited individuals. Investors qualify as \u201caccredited\u201d under Singapore\u2019s Securities and Futures Act if they have either\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0<strong>net assets of more than S$2,000,000<\/strong>\u00a0or\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0<strong>annual income greater than S$300,000<\/strong>. There is a cap of S$250,000,000 on assets under management for this kind of fund manager.<\/p><p>Capital markets services (CMS) licences, on the other hand, are much more flexible. Although further accreditation is required from the MAS to offer services to retail investors, CMS-licensed fund managers have\u00a0<strong>no limits on the assets under management or number of investors<\/strong>;<\/p><p>CMS-licensed fund managers\u00a0<strong>must maintain core capital levels of at least S$250,000<\/strong>, of which\u00a0<strong>at least S$100,000 must be deposited with the MAS<\/strong>. Annual audits are required to ensure that this and other compliance requirements are met.<\/p><p>All registered and licensed fund management companies\u00a0<strong>must have two directors resident in Singapore with at least 5 years\u2019 experience in financial services<\/strong>\u00a0to establish a track record. They also require two local employees, one of whom must be the CEO and the other an Executive Director, with each of these staff having at least 5 years\u2019 experience. If the CMS-licensed manager has authorization to work with retail investors, a third staff member is needed and the CEO requires 10 years of experience.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eed19ef elementor-widget elementor-widget-html\" data-id=\"eed19ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n.usa-company-widget * {\r\n    box-sizing: border-box !important;\r\n}\r\n.usa-company-widget .usa-table-container {\r\n    margin: 20px 0 !important;\r\n}\r\n.usa-company-widget .usa-table {\r\n    width: 100% !important;\r\n    border-collapse: collapse !important;\r\n    font-size: 14px !important;\r\n    margin: 0 !important;\r\n}\r\n.usa-company-widget .usa-table th,\r\n.usa-company-widget .usa-table td {\r\n    border: 1px solid #e2e8f0 !important;\r\n    padding: 10px !important;\r\n    text-align: center !important;\r\n}\r\n.usa-company-widget .usa-table th {\r\n    background: #f1f5f9 !important;\r\n    font-weight: bold !important;\r\n    color: #1a4b5c !important;\r\n}\r\n.usa-company-widget .usa-table td:first-child,\r\n.usa-company-widget .usa-table th:first-child {\r\n    text-align: left !important;\r\n    font-weight: bold !important;\r\n    background: #f9fafb !important;\r\n}\r\n\/* Responsive styles *\/\r\n@media (max-width: 768px) {\r\n    .usa-company-widget .usa-table-container {\r\n        overflow-x: auto !important;\r\n    }\r\n    .usa-company-widget .usa-table {\r\n        min-width: 600px !important; \/* Ensures table doesn't collapse too much *\/\r\n    }\r\n    .usa-company-widget .usa-table th,\r\n    .usa-company-widget .usa-table td {\r\n        padding: 8px !important; \/* Slightly reduce padding for smaller screens *\/\r\n    }\r\n}\r\n@media (max-width: 480px) {\r\n    .usa-company-widget .usa-table {\r\n        font-size: 12px !important; \/* Smaller font for very small screens *\/\r\n    }\r\n    .usa-company-widget .usa-table th,\r\n    .usa-company-widget .usa-table td {\r\n        padding: 6px !important; \/* Further reduce padding *\/\r\n    }\r\n}\r\n<\/style>\r\n<div class=\"usa-company-widget\">\r\n    <div id=\"usa-content-01\" class=\"usa-section-content usa-active\">\r\n        <div class=\"usa-table-container\">\r\n            <table class=\"usa-table\">\r\n                <thead>\r\n                    <tr>\r\n                        <th>Summary<\/th>\r\n                        <th>Subsidiary<\/th>\r\n                        <th>Autonomous Branch Office<\/th>\r\n                        <th>Dependent Branch Office<\/th>\r\n                    <\/tr>\r\n                <\/thead>\r\n                <tbody>\r\n                    <tr><td>Establishment of a new legal entity?<\/td><td>Yes<\/td><td>No<\/td><td>No<\/td><\/tr>\r\n                    <tr><td>Legal presence<\/td><td>GmbH, AG etc<\/td><td>Registration of a German physical presence<\/td><td>Registration of a German physical presence<\/td><\/tr>\r\n                    <tr><td>Founding and organisational formalities<\/td><td>GmbH - moderate; AG - low<\/td><td>Moderate<\/td><td>Low<\/td><\/tr>\r\n                    <tr><td>Registration authority<\/td><td>Commercial register of Germany<\/td><td>Trade Register of Germany<\/td><td>Trade Register of Germany<\/td><\/tr>\r\n                <\/tbody>\r\n            <\/table>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4f1f1e elementor-widget elementor-widget-heading\" data-id=\"e4f1f1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Independent Commercial Agent<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a0f328 elementor-widget elementor-widget-text-editor\" data-id=\"1a0f328\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Representative offices are not recognized under German law; instead, foreign firms hire an agent who will work independently. The actions of agent are not the actions of the parent firm, so our Client does not need to register with the\u00a0<a href=\"https:\/\/www.unternehmensregister.de\/ureg\/?submitaction=language&amp;language=en\" target=\"_blank\" rel=\"noopener nofollow\">German Commercial Register<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9eced75 elementor-widget elementor-widget-heading\" data-id=\"9eced75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">General Partnership (OHG)<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c2e1ebf elementor-widget elementor-widget-text-editor\" data-id=\"c2e1ebf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This is an association between two or more people wherein all partners carry unlimited personal liability for the debts of the business. Business entities can enter into a general partnership; the formed entity will be GmbH &amp; Co. OHG.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5757cbb elementor-widget elementor-widget-heading\" data-id=\"5757cbb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Limited Partnership (KG)<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae5ed25 elementor-widget elementor-widget-text-editor\" data-id=\"ae5ed25\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This differs from OHG with respect to the partner\u2019s liability. One or more partners enjoy limited liability, while there must be at least one general partner with unlimited liability. The names of the limited liability partners must be registered in the Commercial Register for legal purposes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-304605b elementor-widget elementor-widget-heading\" data-id=\"304605b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">European Stock Corporation (SE)<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00721e6 elementor-widget elementor-widget-text-editor\" data-id=\"00721e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Two or more existing companies in different EU states may merge to create a European Stock Corporation. This allows them to do business across Europe with just one vehicle, rather than setting up a network of subsidiaries. The combined entity requires share capital of at least \u20ac125,000.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5785c0b elementor-widget elementor-widget-heading\" data-id=\"5785c0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Comparison of German company types<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d5d083 elementor-widget elementor-widget-html\" data-id=\"4d5d083\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n.usa-company-widget * {\r\n    box-sizing: border-box !important;\r\n}\r\n.usa-company-widget .usa-table-container {\r\n    margin: 20px 0 !important;\r\n}\r\n.usa-company-widget .usa-table {\r\n    width: 100% !important;\r\n    border-collapse: collapse !important;\r\n    font-size: 14px !important;\r\n    margin: 0 !important;\r\n}\r\n.usa-company-widget .usa-table th,\r\n.usa-company-widget .usa-table td {\r\n    border: 1px solid #e2e8f0 !important;\r\n    padding: 10px !important;\r\n    text-align: center !important;\r\n}\r\n.usa-company-widget .usa-table th {\r\n    background: #f1f5f9 !important;\r\n    font-weight: bold !important;\r\n    color: #1a4b5c !important;\r\n}\r\n.usa-company-widget .usa-table td:first-child,\r\n.usa-company-widget .usa-table th:first-child {\r\n    text-align: left !important;\r\n    font-weight: bold !important;\r\n    background: #f9fafb !important;\r\n}\r\n\/* Responsive styles *\/\r\n@media (max-width: 768px) {\r\n    .usa-company-widget .usa-table-container {\r\n        overflow-x: auto !important;\r\n    }\r\n    .usa-company-widget .usa-table {\r\n        min-width: 600px !important; \/* Ensures table doesn't collapse too much *\/\r\n    }\r\n    .usa-company-widget .usa-table th,\r\n    .usa-company-widget .usa-table td {\r\n        padding: 8px !important; \/* Slightly reduce padding for smaller screens *\/\r\n    }\r\n}\r\n@media (max-width: 480px) {\r\n    .usa-company-widget .usa-table {\r\n        font-size: 12px !important; \/* Smaller font for very small screens *\/\r\n    }\r\n    .usa-company-widget .usa-table th,\r\n    .usa-company-widget .usa-table td {\r\n        padding: 6px !important; \/* Further reduce padding *\/\r\n    }\r\n}\r\n<\/style>\r\n<div class=\"usa-company-widget\">\r\n    <div id=\"usa-content-01\" class=\"usa-section-content usa-active\">\r\n        <div class=\"usa-table-container\">\r\n            <table class=\"usa-table\">\r\n                <thead>\r\n                    <tr>\r\n                        <th>Summary<\/th>\r\n                        <th>Germany LLC<\/th>\r\n                        <th>German AG<\/th>\r\n                        <th>Autonomous Branch<\/th>\r\n                    <\/tr>\r\n                <\/thead>\r\n                <tbody>\r\n                   \r\n                    <tr><td>How long to set the company up?<\/td><td>5 weeks<\/td><td>4 weeks<\/td><td>3 weeks<\/td><\/tr>\r\n                    <tr><td>How long to open company bank account?<\/td><td>4 weeks<\/td><td>2 weeks<\/td><td>2 weeks<\/td><\/tr>\r\n                    <tr><td>Legal Liability<\/td><td>Limited<\/td><td>Limited<\/td><td>Unlimited<\/td><\/tr>\r\n                    <tr><td>Wholly Foreign owned<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Minimum Initial capital<\/td><td>25,000<\/td><td>50,000<\/td><td>0<\/td><\/tr>\r\n                    <tr><td>Corporate Bank Account<\/td><td>Commerzbank<\/td><td>Commerzbank<\/td><td>Deutsche bank<\/td><\/tr>\r\n                    <tr><td>Tenancy agreement required before incorporation<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>File annual tax return<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Managing Director need to travel?<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Resident director required<\/td><td>No<\/td><td>No<\/td><td>No<\/td><\/tr>\r\n                    <tr><td>Resident shareholder required<\/td><td>No<\/td><td>No<\/td><td>No<\/td><\/tr>\r\n                    <tr><td>Minimum directors allowed<\/td><td>1<\/td><td>1<\/td><td>1<\/td><\/tr>\r\n                    <tr><td>Minimum shareholders<\/td><td>1<\/td><td>1<\/td><td>0<\/td><\/tr>\r\n                    <tr><td>Germany company secretary required<\/td><td>No<\/td><td>No<\/td><td>No<\/td><\/tr>\r\n                    <tr><td>Corporate shareholders allowed<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Corporate director(s) allowed<\/td><td>No<\/td><td>No<\/td><td>No<\/td><\/tr>\r\n                    <tr><td>Public register of shareholders and directors<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Allowed to trade on Stock Exchange<\/td><td>No<\/td><td>Yes<\/td><td>No<\/td><\/tr>\r\n                    <tr><td>Bearer Shares allowed<\/td><td>No<\/td><td>Yes<\/td><td>No<\/td><\/tr>\r\n                    <tr><td>Germany Corporate Tax Rate<\/td><td>15.825%<\/td><td>15.825%<\/td><td>15.825%<\/td><\/tr>\r\n                    <tr><td>Company tax payable on?<\/td><td>Worldwide Income<\/td><td>Worldwide Income<\/td><td>Germany based Income<\/td><\/tr>\r\n                    <tr><td>Annual financial statements required<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Statutory audit required<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Tax exempt free zones available<\/td><td>4<\/td><td>4<\/td><td>4<\/td><\/tr>\r\n                    <tr><td>Withholding Tax on Dividends without DTA<\/td><td>0.26<\/td><td>0.26<\/td><td>0<\/td><\/tr>\r\n                    <tr><td>Withholding Tax on Dividends with DTA<\/td><td>5% - 15%<\/td><td>5% - 15%<\/td><td>0<\/td><\/tr>\r\n                    <tr><td>Allowed to issue sales invoices<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Allowed to sign contracts<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Allowed to import and export goods<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Must appoint a Supervisory Board<\/td><td>No<\/td><td>Yes<\/td><td>No<\/td><\/tr>\r\n                    <tr><td>Must rent an office in Germany<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Can buy German property?<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Can own equity in other German companies?<\/td><td>Yes<\/td><td>Yes<\/td><td>Yes<\/td><\/tr>\r\n                    <tr><td>Estimate of engagement costs<\/td><td>\u20ac<\/td><td>\u20ac<\/td><td>\u20ac<\/td><\/tr>\r\n                    <tr><td>Germany company incorporation fee<\/td><td>4,950<\/td><td>5,830<\/td><td>6,340<\/td><\/tr>\r\n                    <tr><td>Average total Germany business setup costs<\/td><td>14,090<\/td><td>11,320<\/td><td>12,680<\/td><\/tr>\r\n                    <tr><td>Average annual costs including accounting and tax fee<\/td><td>13,050<\/td><td>7,055<\/td><td>7,567<\/td><\/tr>\r\n                <\/tbody>\r\n            <\/table>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa169a8 elementor-widget elementor-widget-heading\" data-id=\"fa169a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Investment company<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bf0017 elementor-widget elementor-widget-text-editor\" data-id=\"6bf0017\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>An investment company will allow our Clients to\u00a0<strong>pool their investors\u2019 capital<\/strong>\u00a0and invest this money on their behalf. However, this business activity will require the owners of the company to file an application with the\u00a0<a href=\"http:\/\/www.mas.gov.sg\/\" target=\"_blank\" rel=\"nofollow noopener\">Monetary Authority of Singapore (MAS)<\/a>. For fund management, the application will take one of the two forms: either as\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0an\u00a0<strong>application for a registered fund management company<\/strong>\u00a0or\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0an\u00a0<strong>application for a Capital Markets Services license<\/strong>.<\/p><p>Registered fund management companies are\u00a0<strong>limited to 30 accredited or institutional investors<\/strong>, up to 15 of whom may be other funds invested in by accredited individuals. Investors qualify as \u201caccredited\u201d under Singapore\u2019s Securities and Futures Act if they have either\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0<strong>net assets of more than S$2,000,000<\/strong>\u00a0or\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0<strong>annual income greater than S$300,000<\/strong>. There is a cap of S$250,000,000 on assets under management for this kind of fund manager.<\/p><p>Capital markets services (CMS) licences, on the other hand, are much more flexible. Although further accreditation is required from the MAS to offer services to retail investors, CMS-licensed fund managers have\u00a0<strong>no limits on the assets under management or number of investors<\/strong>;<\/p><p>CMS-licensed fund managers\u00a0<strong>must maintain core capital levels of at least S$250,000<\/strong>, of which\u00a0<strong>at least S$100,000 must be deposited with the MAS<\/strong>. Annual audits are required to ensure that this and other compliance requirements are met.<\/p><p>All registered and licensed fund management companies\u00a0<strong>must have two directors resident in Singapore with at least 5 years\u2019 experience in financial services<\/strong>\u00a0to establish a track record. They also require two local employees, one of whom must be the CEO and the other an Executive Director, with each of these staff having at least 5 years\u2019 experience. If the CMS-licensed manager has authorization to work with retail investors, a third staff member is needed and the CEO requires 10 years of experience.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7828e63c e-flex e-con-boxed e-con e-parent\" data-id=\"7828e63c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3a277926 e-con-full e-flex e-con e-child\" data-id=\"3a277926\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-151d7030 e-flex e-con-boxed e-con e-child\" data-id=\"151d7030\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2368b28a elementor-widget elementor-widget-html\" data-id=\"2368b28a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n\r\n.uk-company-widget * {\r\nbox-sizing: border-box !important;\r\n}\r\n\r\n\/* CTA Section *\/\r\n.uk-cta {\r\npadding: 40px !important;\r\nborder-radius: 10px !important;\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\ntext-align: center !important;\r\nfont-size: 20px !important;\r\nfont-weight: bold !important;\r\nmargin: 30px 0 !important;\r\nbox-shadow: 0 5px 15px rgba(0,0,0,0.1) !important;\r\n}\r\n\r\n\/* Buttons *\/\r\n.uk-btn {\r\ndisplay: inline-block !important;\r\npadding: 10px 20px !important;\r\nborder-radius: 6px !important;\r\nfont-weight: bold !important;\r\nborder: none !important;\r\ncursor: pointer !important;\r\ntransition: all 0.3s ease !important;\r\ntext-decoration: none !important;\r\nfont-size: 14px !important;\r\n}\r\n\r\n.uk-btn-gradient {\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\n}\r\n\r\n.uk-btn-gradient:hover {\r\nopacity: 0.9 !important;\r\n}\r\n\r\n\/* Contact Section *\/\r\n.uk-contact {\r\nborder: 1px solid #e2e8f0 !important;\r\nborder-radius: 8px !important;\r\nbackground: #f1f5f9 !important;\r\npadding: 20px !important;\r\nmargin: 20px 0 0 0 !important;\r\n}\r\n\r\n.uk-contact h4 {\r\nmargin: 0 0 10px 0 !important;\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n.uk-contact p {\r\nmargin: 0 0 15px 0 !important;\r\ncolor: #475569 !important;\r\n}\r\n\r\n.uk-person {\r\ndisplay: flex !important;\r\nalign-items: center !important;\r\ngap: 15px !important;\r\n}\r\n\r\n.uk-person img {\r\nwidth: 60px !important;\r\nheight: 60px !important;\r\nborder-radius: 50% !important;\r\nflex-shrink: 0 !important;\r\n}\r\n\r\n.uk-person strong {\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n\/* Responsive Design *\/\r\n@media (max-width: 480px) {\r\n.uk-cta {\r\npadding: 30px 20px !important;\r\nfont-size: 18px !important;\r\n}\r\n}\r\n\r\n<\/style>\r\n<\/head>\r\n<body>\r\n\r\n\r\n\r\n\r\n\r\n\r\n<!-- CTA -->\r\n<div id=\"uk-cta-section\" class=\"uk-cta\">\r\nRegister your company now! <br>\r\nCLA Group has the solution to help you grow.\r\n<\/div>\r\n\r\n<!-- Contact -->\r\n<div class=\"uk-contact\">\r\n<h4>Contact us<\/h4>\r\n<p>For more info on company registration, please contact our expert directly:<\/p>\r\n<div class=\"uk-person\">\r\n\r\n<div>\r\n<strong>Mr. Petar Chakarov<\/strong><br>\r\nSenior Manager, Sales & Business Development<br>\r\n<a href=\"https:\/\/cla.global\/free-consultation\/\" class=\"uk-btn uk-btn-gradient\">\r\n  Get in touch\r\n<\/a>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>CLA assists multi-national Clients\u2019 with business set up in every country on the planet.<\/p>\n<p>For transparency purposes and to help multi-national Clients\u2019 budget future engagement fees, this page outlines average total engagement fees for every country on the planet.<\/p>\n<p>Click on the regional headings to see fees for every jurisdiction around the world.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-988297","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/pages\/988297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/comments?post=988297"}],"version-history":[{"count":39,"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/pages\/988297\/revisions"}],"predecessor-version":[{"id":990107,"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/pages\/988297\/revisions\/990107"}],"wp:attachment":[{"href":"https:\/\/cla.global\/singapore-company-registration\/wp-json\/wp\/v2\/media?parent=988297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}