Private Limited Company

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Private Limited Company

PRIVATE LIMITED COMPANY
There are four types of companies in Singapore:
Private Limited Company - Not more than 50 corporate or individual
shareholders.
Exempt Private Company - Not more than 20 individual shareholders.
Public Company Limited by Shares - It is locally incorporated where
the number of shareholders can be more than 50.
Public Company Limited by Guarantee - It is one that carries out non-
profit making activities that have some basis of national or public
interest, such as for promoting art, charity etc.
Advantages
Disadvantages
* Shareholders' personal assets are protected since
* Companies can be more expensive to set up
they are not personally liable for debts and losses of
company.
* Companies are governed by tighter rules and
regulations
* Ownership is transferable and additional shareholders
can be appointed thus enabling additional capital
* Liquidation or winding up can be more difficult and
injection for expansion purposes.
costly
* Conveys a professional commitment and vision
* Companies must maintain ongoing compliance with
hence maximizes the potential of loans from banks
ACRA/IRAS
and other financial institutions and also establishes a
credible image among the business community.
8.50%
17.00%
e
* Company is perpetual and business operations
NO TAX
are undisturbed by changes in shareholders or the
ble incom
holding pattern.
xa
First S$100,000
Ta
S$100,001 - S$300,000
Above S$ 300,000
* Qualifying conditions:
* Nomorethan20individualshareholders.
* Wheretherearecorporateshareholders,atleast

1shareholderisanindividualholdingatleast10%
oftheshares.
Online Resources
Singapore Private Limited Company | Form a Singapore Company | Types of Singapore Companies
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