Singapore corporate formation projects a positive image to clients, suppliers and investors due to it's reputation as a highly regulated jurisdiction with a stable government and economy and a highly developed infrastructure.

Singapore corporate formation is governed by the Singapore Companies Act 1963, which is based on UK Common Law. The Accounting and Regulatory Authority of Singapore (ACRA) is the governing body for Singapore company formation. The cost to register a company with ACRA is S$300 (US$220).

Singapore corporate formation is a popular option for international entrepreneurs. According to the Singapore Economic Development Board (EDB), more than 4,000 multinational companies have set up regional or global headquarters in Singapore to date.

Singapore is a low tax jurisdiction. The first S$200,000 (US$140,000) of profits sourced in Singapore are tax-free for three years from incorporation. Corporate tax is a flat rate of 20%. Furthermore, international profits are tax exempt provided they are not remitted into Singapore, making Singapore corporate formation an ideal option.

Global investors who choose Singapore corporate formation can benefit from Singapore's refusal to exchange confidential bank customer information with Organisation for Economic Cooperation and Development (OECD) members.

According to the World Bank's Doing Business 2008 Survey, Singapore is the world's easiest place to do business. Singapore corporate formation is efficient and cost effective when compared to other international jurisdictions.

Singapore corporate formation allows investors access to the wide range of double taxation agreements Singapore has signed with 54 countries, including Japan, China, Germany, France, the UK and Canada.

Investors who have completed Singapore corporate formation must submit an annual audit if turnover or sales exceeds S$5 million (US$3.5 million) or if the company has corporate shareholders. Annual accounts must be also submitted to the Inland Revenue Authority of Singapore.