(Private Exempt Limited Company) is exempted from annual audit requirements if the company's turnover is less than 5 Million, and Singapore Company Incorporation(Private Exempt Limited Company) have less than 20 Shareholders and all Shareholders are individuals. One of the biggest advantages of incorporating a Singapore Company Incorporation (Private Exempt Limited Company) is that the liability of its members is limited only to the investments they have made in the Singapore Company Incorporation (Private Exempt Limited Company). The liabilities of of a Singapore Company Incorporation (Private Exempt Limited Company) does not affect the individual shareholders, the personal assets of the company shareholders will remain protected.
Singapore Company Formation Requires a Minimum of 1 Director & 1 Shareholder in the Company (can be the same person). Directors have to be a Natural Person of Full Capacity & Age 18 Years or above. In addition, there must be a Minimum of 1 Singapore Citizen / Singapore Permanent Resident / Entrepreneur Pass holder to act as Resident Director in the Private Limited Company.
When it comes to considering a new business, nothing beats forming a Private Limited company in Singapore. Having a Private Limited Company, you,
Enjoy the Benefits of Limited Liabilities.
Enjoy Corporate Tax Exemption for First SGD$100,000 profit for its First 3 Years of Business.
Our Singapore Company Formation package includes: * Professional Fees for Incorporating Company * ACRA Company Name Reservation * ACRA Incorporation fee * FREE Memorandum & Articles of Association