This company was formed in the 2017–2018 financial year. The company specialised in shipping services, specifically arranging cargo movement via ships throughout South East Asia. The company operated exclusively in USD; 100% of its business activities, including both inward and outward payments, were carried out in USD.
Presently, the company has been inactive for one year. It holds retained earnings that can serve as an instant source of funds to kickstart new business activities. These retained earnings are completely tax-paid, and the company possesses a recent NOC from IRAS certifying that no tax is due.
We are currently looking for a buyer for this company as the shareholder wishes to exit. This is an ideal opportunity for someone looking to set up a Singapore company to take over an existing entity
MAIN KEY POINTS FINANCIAL AND OPERATIONAL HIGHLIGHTS Established Track Record: With nearly a decade of vintage, the company offers significantly higher credibility for banking, credit applications, and contractual bidding compared to a new incorporation.
USD Dominant Infrastructure: The entity operated exclusively in USD currency for all inward and outward remittances. This established history is particularly valuable for businesses requiring seamless international trade capabilities.
Tax-Paid Retained Earnings: The company maintains a healthy balance of retained earnings. These funds are 100% tax-paid, providing the incoming owner with an immediate source of liquidity to fund new business activities or capital expenditures.
Verified Compliance: The company has secured a latest No Objection Certificate (NOC) from the Inland Revenue Authority of Singapore (IRAS), certifying that all tax liabilities are settled and no dues are outstanding.
Transaction Security & Governance The current shareholder is seeking a full exit to focus on other ventures. To ensure a seamless transition and absolute peace of mind for both parties:
Robust Legal Framework: The transfer will be governed by a comprehensive Share Purchase Agreement (SPA).
Mutual Indemnification: A formal Deed of Indemnity will be executed, legally protecting both the buyer and the seller against any prior or future liabilities.
Due Diligence Ready: All corporate secretarial records, financial statements, and IRAS clearances are organized and available for review by serious prospects.
Ideal For This acquisition is perfectly suited for international traders, logistics firms, or investment holding companies looking to bypass the administrative delays of new setups and leverage a "clean" entity with an established financial pedigree,
With our company track record , Loans can be easily availed from present bankers
Business Operation
Can operate the company to provide shipping facilities and services to the world as singapore is the best place to do shipping business
Expansion Potential
person taking over need not worry about opening bank account, accounting, corporate services, registered office as everything is well organised
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