Singapore CLG is usually set up by non-profit organisations requiring a corporate status. Unlike companies limited by shares, CLGs do not have share capital. Thus, the liability of members of a CLG is limited to the amount which they undertake to contribute to the assets of the company in the event of winding up. This amount will be provided for in the company constitution (minimum S$1 per guarantor) . CLGs are public companies. They are liable to pay corporate tax at the prevailing corporate tax rate of 17%, except those have been awarded charity status that are exempt from tax.

What is Employment Pass

How do you benefit from an Employment Pass

1. Enable the pass holder to travel in and out of Singapore without applying for entry visas.

2. Enable the pass holder to bring their family to Singapore with specified salary

   -$6000 monthly salary for legal married sprouse and unmarried children under 21 years old

test content

A private limited company is limited by shares and is a separate legal entity from its shareholders. It is recognised as a taxable entity in its own right. As a result, shareholders of a Singapore private limited company are not liable for its debts and losses beyond their amount of share capital. The initial paid-up share capital of at least S$1.