What are the types of companies in Singapore?

Company types in Singapore can be classified as follows:

1. Singapore Company: A Singapore company is a company that carries out all its business activities in Singapore. Such companies are subject to the Singapore Tax Law and can enjoy certain tax benefits provided that they are resident in Singapore.

2. Branch Company: It is a branch opened by a foreign company in Singapore. A branch company is established for the purpose of carrying out the operations of the parent company in Singapore and generally serving customers in Singapore. The branch company operates under the obligations and responsibilities of the parent company.

3. Subsidiary Company: It is a subsidiary of a foreign company that operates independently in Singapore. A subsidiary company is considered a separate legal entity from the parent company and, like a Singapore company, carries out all its business activities in Singapore.

4. Joint Venture: It is a cooperation model that occurs when two or more companies come together to jointly carry out a project or business. In Singapore, joint ventures are widely used in various industries.

5. Limited Liability Company: Limited liability company is a type of company in which the partners have limited liability. In Singapore, such companies are called Private Limited Companies (Pte Ltd). This type of company is generally preferred by small and medium-sized businesses.

6. Public Company: A public company is a publicly traded company and its shares are offered to the public. Such companies can be listed on the Singapore Stock Exchange (SGX), and public companies are required to comply with certain regulations. Each of these company types has different advantages and disadvantages. It is recommended that you consult with local counsel to determine which type of company is best for you.