GuideMeSingapore

GuideMeSingapore.com has released its Singapore Company Registration Statistics Report for Q4 2011. The quarterly report provides an insight into the overall trend in Singapore company incorporation for the year gone by as well as for Q4 2011. More specifically, end-users can obtain statistical data about data about business registrations by entity type, Singapore company registrations by share-capital and by shareholding structure, and company formations by industry and by shareholder country.

The Q4 report is of utmost significance as it sheds light on the critical link between business  incorporation activity and the global business climate. According to the report, there was a 7% decline in the number of business entities that were incorporated in Q4 as compared to Q3 2011. This revelation comes as no surprise as the country faced a slowdown in economic activity due to volatility in external markets during this period. In fact, the economy contracted by 4.9% in Q4 on a seasonally adjusted  q-o-q  annualized basis.

Exempt private limited companies or EPCs accounted for bulk of the business entity registrations in 2011 followed by sole-proprietorships and private limited companies. A look at the features of a Singapore exempt private limited company makes it clear that low compliance requirements, tax privileges, and benefits of being an incorporated entity are what make the EPC the most popular business structure in Singapore.

Another interesting trend is that majority of the newly setup companies in 2011 had registered themselves with a low share capital in the range of S$1.00-S$10,000. Furthermore, more than half of the newly registered companies were 100% locally owned.

The fact that wholesale trade, financial services, and head offices and management consultancies were the top three industries to witness maximum number of company formations in 2011, reaffirms that Singapore is truly a global and regional trade hub, international financial  center, and regional headquarter base for companies.

Finally, the report reveals that Singapore incorporation was a popular choice for entrepreneurs and MNCs from Asia as well as the Western economies in 2011.

The complete report is available at http://www.guidemesingapore.com/docs/singapore-company-registrations-2011q4.pdf