Singapore is located on the southern tip of the Malay peninsula and is now one of the world's leading foreign exchange centers.

Singapore has well established securities and insurance industries and offers a wide range of banking services.

Following are some general information for Singapore Companies:-

Singapore's income tax in based on the territorial concept. Company with external investments that are correctly structured and administered may not be liable for tax on profits generated from activities conducted outside Singapore.

With effect from 1 April, 2004 one shareholder, being either a corporation or an individual is required. Bearer shares are not permitted.

There must be at least one director, who must be "ordinarily resident" in Singapore. "Ordinarily resident" means a Singaporean, a Singapore Premanent Resident or an Employment Pass holder. Other directors may reside outside Singapore.

The company name cannot be similar to or the same as existing company names. The words "royal", "bank", "finance", "trust" or "insurance" cannot be used except when the company is licensed to carry on those activities.

Every company must have a registered office in Singapore.

• Each company must appoint a local company secretary who is ordinary resident in Singapore.
  
  

• Audited accounts must be prepared by a qualified independent auditor and laid before the shareholders for approval at each annual general meeting.
  
  

• Annual return must be filed with the Registrar of Companies within one month of the annual general meeting.
  
  
• Details of the director, shareholder and secretary must be filed with the Registrar of Companies and are on public record.