Number of new registered companies in Singapore is rising

2026-08-22 02:08:28 Business

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According to the report of Hawksword`s "Singapore business formation statistic report" for the

period from April to July 2015 (the second quarter) in Singapore were registered 15,964 new

business companies, significantly higher than in the first quarter (14,641 organizations), but

lower than in 2014 (18 689 companies).

Since 2010 Singapore statistical agency Hawksford, has been publishing a quarterly report on the

registration of new businesses in the country. In addition, they present an analysis of the factors

affecting the conduct of business in the jurisdiction.

Major part of formed business institutions, recorded during the second quarter of 2015 in

Singapore were Private Limited Company (54,7%). However, a major surge in the form of

registered organizations was observed in the first quarter. The share of registration of individual

entrepreneurs has increased to 37.7% compared with 34.9% in the first quarter. The share of

private limited companies, including the release of a limited liability company, was 84.6%. The

number of private limited companies has increased by 4% compared to the first quarter of 2015,

but in comparison with the second quarter of last year has felt by 9.3%.

The types of newly registered companies in Singapore for the 2nd quarter of 2015.

On the territory of Singapore you can register a company with a registered capital of 1 Singapore

dollar. This limitation is not obstructed during the registration of companies, which increases the

number of enterprises in the country. Therefore, the bulk of the companies registered in

Singapore are companies with a registered capital of at least S $ 10,000.

Worth noting is the fact that 66% of the local companies established in the 2nd quarter of 2015,

were fully owned by shareholders - residents of Singapore, 24% - fully owned by foreigners, and

10% - owned by local and foreign shareholders. The share of enterprises with 100% foreign

participation grew in the second quarter of this year by 2% to 24%. This is due to several

reasons. First, US policy, under which the rate hike is postponed, and the country are heading for

recovery. Secondly is the lack of restrictions on the registration of companies with 100% foreign

participation. Thirdly, the presence of an extensive network of agreements on avoidance of

double taxation, allow repatriating profits and avoiding paying capital gains tax.

Due to the ease of registering and running a business, a flexible tax regime with low corporate

rates, the extensive network of international bilateral agreements, to Singapore comes more and

more international investors and shareholders. Most of the subsidiaries established in the

jurisdiction of the 2nd quarter of 2015 are the companies of the British Virgin Islands, Hong

Kong, USA, Australia, Japan, India and the UK. The highest share is in the BVI (7%). The share

of the US subsidiaries has increased by 2% to 5%.

If you are planning to raise the percentage of foreign shareholders in Singapore or you are

interested in Lion City as a permanent residence, obtaining a visa is the first step. The easiest and

fastest way to do that is using visa agency. One Visa - Singapore-based firm that offers variety of

visa services both individual and corporate clients.