WISECORP specialise in Singapore company incorporations assisting local and foreign entrepreneurs. Our competitively priced incorporation packages as well as our dedicated business advisory team who possesses extensive secretarial experience and technical knowledge ensure that incorporation is performed with utmost care and professionalism.
WISECORP is here to guide every step of the way and assist you in the same, with complete transparency, giving you the confidence to build a solid foundation for your business. Prepare and process your legal documents together with assistance in setting up your business bank account are part of one process at WISECORP.
WISECORP specialise in Singapore company incorporations assisting local and foreign entrepreneurs. Our competitively priced incorporation packages as well as our dedicated business advisory team who possesses extensive secretarial experience and technical knowledge ensure that incorporation is performed with utmost care and professionalism.
WISECORP is here to guide every step of the way and assist you in the same, with complete transparency, giving you the confidence to build a solid foundation for your business. Prepare and process your legal documents together with assistance in setting up your business bank account are part of one process at WISECORP.
WISECORP offer a completely paperless procedure for offshore incorporation services. This unfolds the ease of Incorporation, Minimal Fees, No Foreign Exchange Controls, High Confidentiality, Tax Benefits, etc.
WISECORP offer a completely paperless procedure for offshore incorporation services. This unfolds the ease of Incorporation, Minimal Fees, No Foreign Exchange Controls, High Confidentiality, Tax Benefits, etc.
WISECORP provides a service of corporate secretarial within it. It simultaneously works as a corporate secretary. It’s an overall comprehensive service. A corporate secretary generally takes the responsibility of maintaining statutory registers, board meetings, general meetings, etc. Along with these, WISECORP also provides ACRA compliance filling Alerts & reminders itself.
WISECORP provides a service of corporate secretarial within it. It simultaneously works as a corporate secretary. It’s an overall comprehensive service. A corporate secretary generally takes the responsibility of maintaining statutory registers, board meetings, general meetings, etc. Along with these, WISECORP also provides ACRA compliance filling Alerts & reminders itself.
Having an employee issue? Dispute between shareholders/directors? Which you are not sure how to resolve. Want to explore listing your company on the Stock Exchange or set up a fund vehicle or Family Office and need preliminary advice?
We provide a wide range of business consulting services & solutions catered to your needs.
Having an employee issue? Dispute between shareholders/directors? Which you are not sure how to resolve. Want to explore listing your company on the Stock Exchange or set up a fund vehicle or Family Office and need preliminary advice?
We provide a wide range of business consulting services & solutions catered to your needs.
Entering into a new business venture with partners or have a new business deal and do not want to incur hefty legal bills and want a simple agreement drawn up?
We can assist to draft the agreement you desire at affordable costs eg joint venture agreement, shareholders agreement or partnership agreement or exclusive distributorship agreement, sole agency agreement .
Entering into a new business venture with partners or have a new business deal and do not want to incur hefty legal bills and want a simple agreement drawn up?
We can assist to draft the agreement you desire at affordable costs eg joint venture agreement, shareholders agreement or partnership agreement or exclusive distributorship agreement, sole agency agreement .
WISECORP Professional Services offers a wide range of accounting and tax support to emerging and small to medium enterprises. Our services includes:
Why Engage Our Accounting Services?
Our tax specialists have years of experience and exposure in international public accounting firms, and are knowledgeable in aspects of tax preparation, compliance, and negotiation with tax authorities. We serve a wide variety of businesses and individuals. We are constantly staying abreast of current legislative changes, rules, regulations and other developments in all aspects of local taxation.
WISECORP Professional Services offers a wide range of accounting and tax support to emerging and small to medium enterprises. Our services includes:
Why Engage Our Accounting Services?
Our tax specialists have years of experience and exposure in international public accounting firms, and are knowledgeable in aspects of tax preparation, compliance, and negotiation with tax authorities. We serve a wide variety of businesses and individuals. We are constantly staying abreast of current legislative changes, rules, regulations and other developments in all aspects of local taxation.
WISECORP are working closely with a panel of auditors in Singapore who are experienced in the audit field and local company laws and are able to assist companies in discharging their obligations in auditing requirements under the local Companies Act.
WISECORP are working closely with a panel of auditors in Singapore who are experienced in the audit field and local company laws and are able to assist companies in discharging their obligations in auditing requirements under the local Companies Act.
Under the Singapore Companies Act, every company shall have at least one director who is a resident in Singapore (Singapore Citizen, Permanent Resident or Employment Pass holder,etc). The director should be a natural person of full age and capacity. WISECORP nominee director service is designed to ensure that the Singapore legal requirement is complied with, while providing reputable and trustworthy professionals as nominee directors.
Under the Singapore Companies Act, every company shall have at least one director who is a resident in Singapore (Singapore Citizen, Permanent Resident or Employment Pass holder,etc). The director should be a natural person of full age and capacity. WISECORP nominee director service is designed to ensure that the Singapore legal requirement is complied with, while providing reputable and trustworthy professionals as nominee directors.
Under the Singapore Companies Act, every company shall have at least one director who is a resident in Singapore (Singapore Citizen, Permanent Resident or Employment Pass holder,etc). The director should be a natural person of full age and capacity.
WISECORP nominee director service is designed to ensure that the Singapore legal requirement is complied with, while providing reputable and trustworthy professionals as nominee directors.
A registered office address is a legal requirement for every company in Singapore. It serves as the official address where all official correspondence, notices, and legal documents related to the company are sent. The registered office must be a physical location within Singapore and must be accessible to the public during regular business hours.
Low Tax Rate
The corporate tax rate is capped at 17%. Singapore has one of the lowest value-added tax rates in the world
Fast Process
The requirements to form a company are straight-forward with fast procedure
Foreign Currency
Singapore imposes no restrictions on the movement of foreign currency into or out of the country
Capital Investment
There are no restrictions on the amount of capital to invest
No. You can officially register your Singapore company from wherever you live in the world, and you don't have to be a Singapore citizen or permanent resident to incorporate your new Singapore business. The entire registration process can be completed online.
Yes. There are no issues with making the company inactive or dormant after it has been incorporated. You can start the business operation at a later date.
Your company should have at least one Singapore resident director, one shareholder (can be an individual or a corporate entity), a company secretary, and a physical office address in Singapore. A minimum initial paid-up share capital of S$1.
In the event that the shareholder is a corporation, please provide the corporate shareholder’s registration documents (Certificate of Incorporation, Memorandum & Articles of Association, Certificate of Incumbency, etc) and proof of registered address. In the case where the shareholder of the corporate shareholder is also a corporation, please provide registration documents of the corporate shareholder(s) as mentioned earlier until the individual beneficial owners are identified. For each corporate shareholder in your Singapore company, we would also like you to provide us with details of the corporate representative(s) (name, passport number and residential address) as well as written documents showing the authorisation of the corporate shareholder(s) to the corporate representative(s).
Even though Singapore has implemented GST, not all businesses have to/are allowed to charge and collect GST. Businesses have to be GST-registered before they are permitted to charge and collect GST.
To determine a business’ GST registration liability, it is required to look at the business’ taxable turnover. Taxable turnover is the total value (excluding GST) of all taxable supplies (includes all standard-rated and zero-rated supplies but excludes exempt supplies, out-of-scope supplies and sale of capital assets) made in Singapore.
It is mandatory for your business to register for GST if the taxable turnover:
If your business’ taxable turnover did not exceed S$ 1 million, you may register for GST voluntarily. However, you may wish to note that once registration is approved, the business must remain registered for at least 2 years and will have to comply with the GST regulations. As compliance to the GST regulations may be administratively costly, businesses, not mandated by law to be GST-registered, are encouraged to carefully weigh the pros and cons prior to registering voluntarily.
You must apply for GST registration within 30 days of the end of the quarter where your business is liable for GST registration or within 30 days from the date on which you forecast that your business’ taxable turnover for the next 12 months will be more than S$ 1 million.
If GST is not registered promptly within the 30-day notification period, penalty may be imposed for late notification of GST registration liability. In addition, the date of registration will be backdated to the date that your business is liable to be registered even if no GST has been collected from your customers.
Listed company must hold an AGM within four months after company’s financial year end and file the annual return within five months after company’s financial year end.
Unlisted company must hold an AGM within six months after company’s financial year end and file the annual return within seven months after company’s financial year end.
Every company must appoint a secretary within 6 months of the date of its incorporation. The company secretary must be residing locally in Singapore. He/she must not be the sole director of the company. A private company is not required to appoint a properly qualified person as a company secretary unless mandated by the Singapore Company Registrar, ACRA.
The secretary of a public company must comply with section 171(1AA) of the Companies Act. He/she must possess at least one of the following qualifications:
XBRL stands for eXtensible Business Reporting Language. It is an internationally recognised language used in computers for business reporting and electronic communication of business information between organisations.
With effect from 1 November 2007, Accounting & Corporate Regulatory Authority (ACRA) requires Singapore incorporated companies to file their financial statements in XBRL format. The use of XBRL will create a pro-enterprise financial reporting environment for businesses in Singapore, allowing financial information to be easily accessible and exchanged. It also enhances the accountability of businesses with increased transparency of business information.
In March 2020, ACRA announced the revision of filing requirements for Singapore incorporated companies. The revised XBRL filing requirements are expected to take effect in late Q3 2020. By late Q3 2020, all companies must file their financial statements in accordance with the revised XBRL filing requirement.
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WISECORP is a Singapore-based corporate services firm, established in 2018. We support individuals to set up businesses in Singapore and Offshore and specialize in managing non-core functions of business so you can focus on the core one, helping your businesses to achieve better results.
