Register your Freelance Business in Singapore effortlessly

Incorporating as a freelancer offers several advantages, with a Private Limited Company being the recommended business entity. Here are some benefits you can enjoy:

Limited liability: With a Private Limited Company, your liability is confined to the amount of capital you contributed to the business. This ensures your personal assets remain protected. For freelancers and sole proprietors, personal liability for business debts and losses can put personal assets at risk. By incorporating as a Private Limited Company, you eliminate this risk and safeguard your personal assets.

Tax benefits: Incorporating as a Private Limited Company offers tax advantages. Instead of paying personal income tax, the company’s profits are taxed at corporate tax rates. Moreover, under the Start-Up Tax Exemption (SUTE) scheme, newly incorporated companies are only required to pay normal chargeable income for the first three years. This scheme was introduced to support local enterprises and promote entrepreneurship in Singapore.

Business credibility: Regardless of whether it’s a Public or Private Limited Company, registering as a Limited Liability Company enhances your business’s credibility. This signals to potential clients and investors that you are serious about your business and committed to growth. Financial institutions and suppliers also view Limited Liability Companies more favorably, which can further strengthen your business’s reputation.

In summary, incorporating as a freelancer under a Private Limited Company provides limited liability protection, tax benefits, and improved credibility, making it the ideal choice for freelancers looking to establish a solid foundation for their business in Singapore.

Read more about the difference between Sole Proprietorship and Private Limited Company here

Yes. Foreign entrepreneurs are welcome to begin their Singapore company registration process. However they are mandatorily required to have one local resident director (Sleek provides one as a part of our Nominee Director services) for the company at all times, a local registered address in Singapore.

In Singapore, individuals are subject to progressive tax rates ranging from 0% to 22%, depending on their income level. As a freelancer, you’ll fall under the category of self-employed individuals and will be required to report your income and expenses on your tax return.

You will need a corporate business account to process your payments and invoices, and we can help you get one. Every Sleek user gets free Sleek Business Account, a free Virtual Account for your company that allows you to start receiving and sending payments, almost immediately.

The application process in Singapore typically takes 1-2 working days, provided all necessary documents are in place.

However, the processing time may be longer if there are any issues or errors with the application or if additional information is required. It’s worth noting that the timeline for the company incorporation process can be longer depending on the structure of the company. It might take a company with foreign shareholders or directors longer to incorporate due to additional compliance requirements. It’s recommended to seek professional advice from an incorporation expert to ensure a smooth and efficient process.

Singapore’s Ministry of Manpower (MOM) offers entrepreneurs an opportunity to obtain a work visa such as the Employment Pass or EntrePass once you have incorporated a company in Singapore. This opens the door for you to move to the country and manage business operations here. The process and requirements for each type of visa may vary, so you should check the specific requirements and application process. Speak to the Sleek visa experts now