Your Singapore company registration expert!
Our expertise in Singapore company formation has helped thousands of companies in Australia get a headstart. Get yours today.
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YOUR ONE-STOP SINGAPORE CORPORATE SERVICE PROVIDER
Count on us to breeze through the Singapore company formation and work visa process. With a team of experienced and qualified incorporation specialists based in Singapore, you can be assured of top-level expertise on company formation setup structures and committed support on all accounting and tax statutory matters. We are your partner for the long run.
For Individuals
LLC + Employment Pass
LLC + EntrePass
LLC + Nominee Director
For Companies
Subsidiary Company
Branch Office
Representative Office
Set up your company
in less than 1 hour*!
*Provided if all your documents are in place
WHY INCORPORATE IN SINGAPORE?
Singapore VS Australia
| Singapore | Australia | |||||||||||||||||||||||||||||||
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Economic Base |
Singapore’s economy is well-diversified across multiple industries such as trade, manufacturing, shipping, banking, and finance, among others. Singapore is also one of the leading global economies in high-end manufacturing & engineering, biotechnology, and various financial services.
Singapore’s GDP per capita stands at US$57,722 as of 2017. |
Due to the abundance of natural resources, Australia has an economy with production of primary products such as wine, meat, and dairy. Aside from other key exports such as minerals and coal, professional services such as education, travel, and logistics contribute to GDP.
Australia GDP per capita stands at US$54,286 as of 2017. |
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Corporate Tax |
A company is taxed at a flat rate of 17% on its chargeable income, which is one of the lowest in the world.
Full and partial tax exemptions are available for companies with taxable income of up to S$300,000. See Tax Table
Newly incorporated companies in Singapore can enjoy full tax exemption on their first S$100,000 of chargeable income. |
The corporate tax stands at 30%. Small business entities in Australia with turnovers of less than A$2million are entitled to a corporate tax rate of 28.5%. In Australia, withholding tax on any dividend paid by the companies is at a flat rate of 30%. |
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Personal Income Tax |
With a progressive tax rate, which ends at 22%, Singapore offers the lowest effective tax rates in the world. | Australia’s personal income tax rate is progressive up to 45%. | ||||||||||||||||||||||||||||||
GST |
Singapore has 7% GST. | Australia has 10% GST. | ||||||||||||||||||||||||||||||
Foreign Ownership in Companies |
100% foreign ownership is permitted for companies registered in Singapore. | Foreign ownership is limited in only a few strategically privatized companies. | ||||||||||||||||||||||||||||||
Bureaucracy |
Singapore is famed for a smooth-running bureaucracy, which sees inter-agency co-operation working seamlessly to help businesses grow. InCorp Global is the official partner of two such agencies – ACE and EDB. Company registration is as easy as 3 steps and can be completed in a day as long as all documents are in order. |
Australia’s political stability, transparent regulatory system, and sound governance frameworks underpin its economic resilience. Australia’s effective governance provides multinationals with a safe, secure business environment where Company registration takes around 2 to 3 days to complete. |
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Residency & Citizenship |
Singapore allows foreigners to apply for permanent residency after working in Singapore for 3-4 years. Permanent Residents can then apply for citizenship 2 years after their PR approval. | After 4 years of staying and adhering to other norms, one can obtain the citizenship. | ||||||||||||||||||||||||||||||
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Let the experts in businesses guide you to start your Singapore business
Our expertise in company formation, statutory compliance, accounting, tax, immigration, recruitment, insurance and consulting has helped thousands of companies get a headstart. Get yours today.
PARTNERSHIPS
Official Singapore Company Registration Partner of ACE
We are aligned with ACE’s commitment to the startup community in Singapore. As their official Corporate Services Partner, we aim to meet the corporate needs of entrepreneurs and startups, providing dedicated business support and driving entrepreneurship in the city-state.
Connections Concierge Partner of the Singapore EDB
InCorp shares the objective of pioneering economic opportunities for SMEs and MNCs. As a partner of the Singapore Economic Development Board (EDB)’s Connection Concierge, we aim to partner enterprises in using Singapore as a springboard for their global expansion journey.
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