Ourlaw firm in Singapore provides corporate, accounting, financial and civil matter legal services which are extremely reliable, accurate and astute. We have a thorough experience when it comes to meeting our clients’ requirements. Our attorneys in Singapore have the necessary knowledge for various legal branches that can be of interest for natural persons and companies.
Our client portfolio includes, among small and medium-sized companies, some of the most successful and tenacious companies and company leaders in the world. We are always up-to-date with the latest legal perspectives and we take great pride in being updated on the newest problems faced by businesses in Singapore. If you need a lawyer in Singapore, you can rely on our legal team. Also, our team can help you in matters related to Singapore PR.
Why choose our law firm in Singapore?
You can rely on our team of lawyers in Singapore if you need legal services for company formation, starting from the incorporation of the legal entity to the dissolution of a company. Our Singapore lawyerteam is comprised of professionals in the legal, accounting, financial and management domains in order to provide clients with solutions to any problem that may occur. With a vast experience in the Corporate Law, our lawyers in Singapore will provide foreign investors customized services always keeping in mind the client’s interest.
Requesting the legal services of a Singapore law firm is always advisable and our attorneys are always up-to-date with the latest provisions of the law and best corporate practices in order to sustain clients in their endeavors. Our clients can rest assured that while concentrating on their business in Singapore, our staff will make sure they have all the legal support they need.
Our Singapore law firm is well recognized for our commitment to representing our clients’ best interests and finding the appropriate outcomes for their legal problems. Our clients choose us to help them with their legal matters with confidence and trust.
We possess a deep understanding of the developing environments and we position ourselves to defend our clients’ best interests. We also have a crucial perspective and an experience proven by our track record. If you need alawyer in Singapore, you can definitely rely on our law firm.
Among the reasons why our clients choose us, we mention: affordable services combined with payment plans, important experience, fantastic referrals and testimonials, efficient availability and effective consultations. We invite you to watch this concise video created by our lawyer in Singapore which describes the main legal services offered by our team:
Open a company in Singapore
Singapore is one of the most stable economies in the world and in Asia also, which is why many foreign investors are interested in entering this market. The usual step when opening a company in Singapore or in any other country, such as Thailand, is to request the help of a law firm. Ourlawyer in Singapore will represent clients through the whole company registration procedure, especially since foreign businessmen are required to ask for a professional agency’s services when registering a business in the city.
Among the requirements for establishing a company in Singapore, clients must know the minimum number of shareholders is one while the maximum number allowed is fifty. In order to set up a company in Singapore, it is required to appoint a manager who is a resident of Singapore, and the same requirement is applicable for the company’s secretary as well. When it comes to the share capital of the company, one of the greatest benefits is that companies in Singapore do not require a minimum share capital.
Once all requirements have been met, ourattorneys in Singapore will assist clients in drafting the Memorandum or Articles of Association of their company. The Articles together with passport copies of all shareholders and managers must be submitted with the Singapore Trade Register. Once the name is approved, the Trade Register will issue the Incorporation Certificate.
The last two steps for the company to start operating in Singapore will be the opening of a corporate bank account and tax registration with the Inland Revenue Authorities (IRAS). Depending on the type of activity to be undertaken, certain business licenses must be obtained and our lawyers in Singapore will make sure our clients obtain them. Our lawyers can also help you in matters related to immigration in Singapore.
Assistance in selecting a legal entity in Singapore
As a foreign investor, one of the main concerns when you decide to invest on new market is the legal entity under which the business will carry its operations. As a general rule, all countries provide the same types of entities, more or less. A very common option for a business form is the limited liability company, which can be found in all jurisdictions under various names.
However, regardless of the name, the company has the same characteristics, most important being the fact that it is designed for small and medium sized companies, and that it provides limited liability against corporate debts to its founders, given that the founders and the company are two separate entities, from a legal point of view.
However, from this point of, different characteristics can appear in different countries, and they can refer to the number of shareholders, the capital requirements, the ownership structure (100% foreign ownership or mixed ownership), various restrictions that can apply and many others. Given all these, we highly recommend you to address to our Singapore lawyers for in-depth legal advice on the particularities of this entity, if you want to operate through this business form.
Of course, foreign investors’ options are not limited to this company type. Foreign businessmen can establish a holding company in Singapore, which is specially created for the purpose of holding interest in other companies and providing management strategies for such companies; this entity can’t be used for developing commercial activities.
A holding can take place not only between companies set up in Singapore, but also between foreign companies and businesses operating in Singapore or registered here. Foreign businesses also have the possibility to expand their operations through a branch office or a subsidiary.
Both structures offer a set of advantages and limitations and the decision between the two must be based solely on the investment plans of the foreign businessmen or on the capital they have available to invest in these entities, as well as the management system that the foreign company wants to use for its foreign offices.
These are common ways to set up a business in this country, but investors also have the possibility of operating through other structures, such as investment funds. Investment funds are not regulated by the law applicable to commercial companies and they require a larger capital investment compared to setting up a commercial activity.
The investors have to comply with more strict regulations, and our team of Singapore lawyers can provide legal advice regarding to the minimum criteria to be respected by investors (this can vary depending on the selected investment fund). Businessmen who are not looking to currently invest in Singapore by starting a business or an investment fund have the possibility of setting up a representative office.
The representative office is suitable for those who simply want to learn more about the consumer market in Singapore and possible business partnerships that can be established here in their field; our law firm in Singapore can help you register this structure, as well as any other business form that was presented in this section. Our lawyers remain at your disposal for advice on other entities that are available for registration.
Accounting services in Singapore
Accounting is a key component when running a business in Singapore. Our professional team is prepared to support clients by providing bookkeeping and audit services, and even tax minimization solutions. The same accounting services can be offered to our clients who will register their first company in Singapore or who will expand an overseas business in Singapore through a branch office.
All necessary information about double taxation agreements and the taxes applied to companies in Singapore will be provided by ouraccounting team in Singapore. Moreover, clients will find out in due time when tax returns or annual financial statements must be submitted with the IRAS and our accountants in Singapore will also make sure they are prepared.
Other services in Singapore
In case you are looking for a lawyer in Singapore, our team of attorneys is at our disposal no matter the legal issue you are dealing with. Not only does our law firm provide legal assistance in corporate matters, but we will also assist clients in any civil issue they might encounter.
Clients requesting information about hiring personnel procedures will also benefit from our Singapore lawyers’ expertise in employment legislation. For those requesting representation in civil lawsuits, our attorneys will provide the best legal counsel. Ourlawyer in Singapore will also provide consulting in debt collection procedures. International clients looking for these legal services in another country, for example in Thailand, can contact our partner Thai law firm. If you need reliable company registration services in Thailand, our partners from ThaiCompanyFormation.com can help you.
Our strategy in Singapore
Despite our achievements, ourlaw firm in Singapore does not take things lightly. In the last few years, our most important objective has been to widen our services in a manner in which they allow us to answer our clients' exact requests, in a timely and efficient manner which guarantees their legal problems are represented in the most appropriate manner.
Our strategy in Singapore comprises, among others, the following key aspects: a wide variety of legal services, specialized skills which can be rapidly deployable, team work based on the type of project we get; we have a thorough initial discussion with each of our clients to ensure we fully understand their needs and requirements.
Frequently asked questions received by our law firm in Singapore
1. Can foreign citizens start a company in Singapore?
According to the Singapore legislation, foreign citizens have the same right to open a company as any Singapore citizen. Moreover, significant benefits are granted to foreign investors setting up companies in Singapore. Other benefits can apply based on the business sector of interest.
2. Can foreign citizens work in Singapore?
The Employment Law allows foreign citizens to come and work in Singapore, provided that they have secured a work contract with a local company. As a foreigner, it is necessary to apply for a visa and obtain a residence permit issued for employment purposes and you can request information on the immigration procedures from our team.
3. How can I open a bank account in Singapore?
Foreign citizens can open bank accounts prior to their arrival in Singapore. However, is best to verify first the requirements for opening bank account with Singapore lawyers. The bank account can be set up by foreigners for both personal and corporate usage. The procedure will differ, as for a corporate bank account, more regulations will apply.
4. What are the steps for company incorporation in Singapore?
It is quite simple to open a company in Singapore. The first step is to establish the type of company you want to open, select a trade name and reserve it with the Singapore Trade Register and then submit the other required documents. For details about the complete company setup procedure you can ask our lawyers in Singapore.
5. Is there a minimum share capital in Singapore?
The Singapore Commercial Law no longer requires a company to have a minimum share capital. The shareholders can deposit the amount they consider necessary. Our team of lawyers in Singapore can offer more details on other obligations that have to be concluded when starting a business here.
6. What are the documents required for company registration in Singapore?
The most important documents to register a company in Singapore are the Articles of Association. The founders will also be required to submit information about the shareholders, managers and company secretary. Other documents can be required as well depending on the company type – for instance, there are different documents to submit for the registration of a branch compared to the registration of a Singapore company.
7. Who can apply for a residence permit in Singapore?
Foreign citizens are entitled to apply for Singapore residence permits which are usually related to employment passes. Our Singapore attorneys can provide you with more information about the Immigration Law. In Singapore, most of the residence permits are issued on account of an employment relation established with a local employer, but residence permits issued for family reunification purposes are also available.
8. Do I need special permits and licenses in Singapore?
There are certain activities requiring special permits for operating in Singapore. Among these, educational companies, telecom companies and retail companies are required to apply for special licenses with the relevant authorities. The need to apply for a business permit and license will generally depend on the operations of the company.
9. What are the taxes that I have to pay in Singapore?
The Singapore taxation systemis based on tax residency. Foreign citizens with a Singapore residence permit will be taxed as the locals. The Singapore authorities will apply different tax rates for foreign citizens without a residence or employment pass. As an individual, one will need to pay the income tax if the persons’ residence is registered in this country.
10. Why should I invest in Singapore?
Singapore offers many advantages to both foreign investors and citizens. From investment incentives to high wages, Singapore has a diversified economy in which everyone could fit in. The legal services provided by our law firm in Singapore extend to many areas which is why we invite you to contact us in order to find out the information that interests you the most.
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