Types of Singapore Companies
Type of business organization
A sole-proprietorship is an ideal for Small Businesses.
It also known as the sole trader or a “one-man show” according to laymen, is a type of business entity that is owned and run by an individual.
A partnership is a business owned by at least 2 partners. The partner can be an individual, a company or a limited liability partnership. The maximum number of partners in a general partnership is 20.
Local Companies, it is the most common type of company in Singapore
A local company is the most favoured business structure for Singapore business formation and suitable for foreign investor to setup in Singapore.
- It is a separate legal entity from the business owners
- The company can buy property in its own name.
- Since the company is a separate legal entity from the business owners, which will keeps the shareholders out of the courts of law.
- The shareholders are not responsible for the loss or debt incurred by the company.
- It allows 100% foreign ownership.
A Singapore local company is considered as tax resident. It gets access to all tax benefits and incentives schemes for the local entities which go along in reducing its operating costs and tax payable.
Foreign Company as a Branch in Singapore
Foreign company is a company, society, corporation, association, or any other body formed outside Singapore. Under the foreign law, which allows the company to be incorporated, it is not separate entity and the company will be able to hold property.
The last type of company will be Non-Trading Representative Office
This is a form of foreign ad-hoc company which only operates for a short term, for example like one to two years. It is usually to start exploring business ventures, market surveys, or trade leads in Singapore. The goal is always to test the waters before establishing the company.
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싱가포르에서 법인을 설립하기 위해서는 1인 이상의 개인 혹은 법인주주, 최소 1주의 설정 통화 자본금, 현지 거주 등기이사, 현지 비서 및 현지 등록 주소지가 필요합니다. 회사의 주식은 회사의 소유권을 지정할 뿐만 아니라 주주들의 권리, 특권 및 책임을 행사할 권리를 뜻하기도 합니다.
쓰레기 배출을 ‘0(Zero)’에 가깝게 최소화하며, 일회용품 등의 일반 쓰레기를 매립지나 소각장, 바다에 보내지 않는 것이 목표입니다. 이번에는 홍콩 제로 웨이스트샵들에 대해서 소개해드릴게요
싱가포르의 노동력은 현지인들뿐만 아니라 전 세계의 전문직 종사자들과 숙련된 노동자로 구성되어 있습니다. 그들은 노동부가 감독하는 공정한 노동 환경과 국가의 강력한 노동법에 보호받습니다. (www.mom.gov.sg)
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