Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Company Limited by Guarantee. No minimum capital.	No minimum Liability is limited to the amount of guarantees
Company Limited by Shares and Guarantee. No minimum capital.	No minimum Liability is limited to the amount of guarantees
Private Company or Sendirian Berhad (Sdn Bhd) No minimum imposed by the law, in practice, capital is SGD 25,000	No minimum Maximum: 50 shareholders. Liability is limited to the amount contributed.
Public Company or Berhad (Bhd) No minimum capital.	No minimum Liability is limited to the amount contributed.
General Partnership No minimum capital.	Minimum 2. Maximum 20 Liability is unlimited.
Limited Partnership No minimum capital.	Minimum 2. Maximum 20. At least one person has an unlimited liability. Other partners' liability is limited to the amount they contributed.
Sole Proprietorship No minimum capital.	1 only person. Liability is unlimited.
Unlimited Company No minimum capital.	Minimum 2. Liability is unlimited.

The Competent Organization: The Accounting and Corporate Regulatory Authority of Singapore.
Search a Company or a Financial Report: ACRA, Registered Entities on the Accounting and Corporate Regulatory Authority.

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Singapore.
Accounting and Corporate Regulatory Authority

Working Conditions

Legal Weekly Duration: 8 hours per day and 40 hours per week with one-hour lunch break.
Retirement Age: 62 years
Working Contracts: However the nature of contract depends on the type of contract which could be of following types: Annual hours contract, casual workers contract, fixed-term contract, home-workers contract, job sharing contract, flexi-time contract, part-timers contract, self-employed workers contract.

Minimum Wage: Singapore has no minimum wage law.
Average Wage: The average monthly gross earnings in Singapore is USD 2,500.
Social contributions: Social Security Contributions Paid By Employers: For non-government employees: 14,5% to 5% (depending upon age)

For government employees: 10,875% to 3,75% (depending upon age)
Social Security Contributions Paid By Employees: For non-government employees: 20% to 5% (depending upon age)

For government employees: 15% to 3,75% (depending upon age)

Social Dialogue and Involvement of Social Partners: Trade Union Act does not allow the unionization of government employees and uniformed personnel. The act also restricts the Trade Unions' right to select the leader and whom to employ.
Most of the Trade Unions are part of National Trade Union Congress (NTUC) which is closely associated to the government. The government grants renewable licenses to trade unions on yearly basis and strictly controls them.
Unions: National Trade Union Congress (NTUC)
Unionization Rate: 25 % (Approximately)
Labor Regulation Bodies: Ministry of Manpower
Singapore National Employers' Federation (SNEF)

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