It has a legal personality i.e. it has rights to own properties, it has perpetual succession and it can sue or be sued in its own name.
A Private company has 50 or less shareholders and restricted rights in share transfers
Enjoy the benefit of limited liabilities
Enjoy Corporate tax exemption for up to SGD$100,000 profit for its first 3 years of business. Not require to Pay CPF if you are drawing Director fees.
Time for the Incorporation of a Private Limited Company take about 1 to 2 days, together with the preparation of company Memorandum & Articles and Association(MAA)
1 year FREE company secretary / corporate secretary services (worth $600).Appointed and registered in Accounting and Corporate Regulatory Authority (ACRA)as Company Secretary for 12 months, which is a requirement under the companies act.
Complimentary Free company name check online prior to registration, and advise instantly on alternative name available
Preparation of company M & AA (Memorandum & Articles and Association) (Require for the opening of Bank account and etc.)
Preparation of Resolution for opening of bank account
Purchase from ACRA, 1 Sets of Business Information Profile (for opening of Bank account and etc.)