Singapore: Types of Company
Exempt Private Company
An Exempt Private Company (EPC) has a maximum of 20 shareholders, none of which may be a corporation (either directly or indirectly). An EPC with annual turnover of up to SGD5m is not required to audit its accounts; audit requirements apply to those with annual turnover above SGD5m. Accounts do not need to be filed with ACRA, although an Exempt Company Certificate declaring the EPC's solvency status must be submitted. An annual tax return must be filed with both ACRA and the IRAS within one month of the company's annual general meeting.