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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.

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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

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.

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.

Income	Tax rate
Capital gains accrued by the company	0%
Dividend distribution to shareholders	0%

Full and partial tax exemptions are available for companies with taxable income of up to S$300,000.

See Tax Table

Tax Income (SGD)	Effective Tax Rate
100,000	0.00%^**
200,000	3.40%
300,000	4.53%
400,000	6.80%
500,000	8.20%
1,000,000	12.60%
2,000,000	14.80%
3,000,000	15.53%
5,000,000	16.12%
10,000,000	16.56%
*Maximum headline corporate tax is 17%

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%.

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 Group 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.

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.

Rankings

#2 out of 190 economies according to the World Bank’s Ease of Doing Business Report 2017
#3 in the world in the Global Competitiveness Index 2017-2018 overall rankings
#1 in Asia and 7th in the world for innovation based on the Global Innovation Index Report 2017
#1 least corrupt nation in Asia and 6th in the world according to Transparency International in 2017
#1 in and #5 in the Logistic Performance Index (LPI) in the world for the better logistics, supply chain performance, World Bank 2016
#1 in Asia and 2nd in the world with the most seamless connectivity in the Global Connectivity Index 2017
#9 in the world by Global Intellectual Property Convention (GIPC) International Intellectual Property Index 2018
#13 in the world for talent competitiveness based on Institute of Management Development IMD World Talent Report 2016
#25 in the world with the best quality of living, based on Mercer’s survey 2018

#14 out of 190 economies according to the World Bank’s Ease of Doing Business Report 2017
#21 in the world in the Global Competitiveness Index 2017-2018 overall rankings
#23 in the world for innovation based on the Global Innovation Index Report 2017
#13 least corrupt nation in the world according to Transparency International 2017
#19 in the Logistic Performance Index (LPI) in the world for the better logistics, supply chain performance, World Bank 2016
#11 in the world in terms of seamless connectivity in the Global Connectivity Index 2017
#14 in the world by GIPC International Intellectual Property Index 2018
#19 in the world based on IMD World Talent Report 2017
#10 in the world with the best quality of living, based on Mercer’s survey 2018

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.

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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.