Changes to the Singapore Company incorporation process

With its competitive corporate tax rates, pro-commercial corporate governance practices, strategic location, first-international infrastructure, and immensely skilled and bilingual workforce community, there is a lot of reasons why Singapore has succeeded in attracting overseas investment to set up a company, contributing to its cutting-edge success as one of the main monetary centers in the world.

In order to remain competitive and remain relevant in the changing international environment, the Government of Singapore has made every effort to ensure that its rules and laws do not infringe the nation-state against economic centers in other jurisdictions while protecting the interests of minority shareholders and their taxpayers to register a company in Singapore.

1. Full name, identification proof (along with a copy of NRIC or Passport) and nationality of each of the Agency's directors;

2. Full name, proof of identification (including NRIC or Passport copy) and nationality of each of the company's shareholders;

3. Full name, proof of identity (which includes a copy of NRIC or Passport) and nationality of each Ultimate Beneficial Owner;






The money laundering cycle is usually ended by using a service business enterprise through which reputedly criminal transactions are performed before being "legally" delivered to the beneficial owners. Given the fact that thousands of companies are incorporated in Singapore each year and also setting up a company in Singapore, combined with the reality that Singapore's method of integrating a business is a relatively brief and painless procedure, Singapore is also an attractive destination for money launderers.