Background:
Singapore sits off the southernmost tip of Peninsular Malaysia about 137 kilometers north of the equator. The Republic is made up of the island of Singapore, which is 42 kilometers long and 23 kilometers wide, together with about 60 smaller islands. The population is approximately 3,015,000.
Advantages of Singapore Company:
01
Limited liability for shareholders. This means that if the company fails, the shareholders may lose the entire value of their shares but no more, unless they have given guarantees. 2.A company has its own legal identity. This means that, it can enter into legal agreements, it can own property, it can sue and be sued all in its own name. It will continue to exist, even if its shareholders or directors die, resign or go bankrupt.
02.
A company has its own legal identity. This means that, it can enter into legal agreements, it can own property, it can sue and be sued all in its own name. It will continue to exist, even if its shareholders or directors die, resign or go bankrupt.
03.
It is easier to transfer the ownership of a company than an interest in a partnership, as all that is required is a transfer of shares, subject to the company's constitution.
04.
Clear structures are laid out in the Companies Act governing the organization and procedures to be followed by companies.
05.
The minimum number: One shareholder and director.
06.
Companies may find it easier than partnerships to borrow, as they are able to create floating charges over its assets.
07.
Incorporation is sometimes seen as supporting an image of status and credibility.
08.
Exemption Private Limited companies owned by individual shareholders need not audit its accounts if the company's annual turnover falls below $5 million.