Singapore Company Registration

Singapore company registration is an easily accomplished task. Incorporation procedure is incredibly fast for entrepreneurs by submitting proper documents and fulfilling registration requirements. It enables entrepreneurs to start business operations within a week of applying for formation of a company.

Majority of Singapore companies are registered as private limited liability companies which are commonly referred to as private limited companies. Any individual – both foreign and local above 18 years of age can initiate the process of company registration in Singapore, according to the Singapore companies act. Every private limited company in Singapore is a separate entity and its shareholders are not liable to the losses incurred by the company beyond their contribution of the share capital.

Company Incorporation – Pre-Registration Requirements

• Company Name: The first step of the company formation in Singapore is naming of the company. The name has to be unique in order get the approval of ACRA (Accounting and Corporate Regulatory Authority) Singapore. It is matter of a few hours before the name gets approved.
• Number of Shareholders: The minimum number of shareholders for a private limited company is 1 and it can have maximum of 50 shareholders. All the shareholders may or may not be Singapore residents.
• Minimum Paid-Up Capital: The minimum paid-up capital required to start a company in Singapore is S$1.
• Number of Directors: A newly registered company needs at least 1 local director, who is a natural resident of Singapore, a permanent resident or a foreigner holding a valid Employment Pass, EntrePass or a Dependant Pass. The director must be above 18 years of age without any criminal background.
• Company Secretary: Each and every company must appoint a qualified company secretary within 6 months of the Singapore business incorporation. The company secretary must be a natural resident of Singapore, permanent resident or someone holding valid Employment Pass, EntrePass or a Dependant Pass.
• Registered Office: You must provide a valid registered physical address of your Singapore Company in order to setup a Singapore company.

Company Registration Procedure

1. Get the company name approved by ACRA
2. Submit the necessary documents
3. Get the company registered with ACRA
4. Open a Corporate bank account

Business Formation – Post-Registration Process

Upon successful registration of your Singapore Company, ACRA – the company registrar will send an official e-mail stating that your company has been registered successfully. The email notification includes your company registration number. The email is your official certificate of registration and incorporation of your Singapore Company. The hard copy of certificate is not necessary in Singapore.

In case you need a hard copy of the certificate, an online request has to be made to ACRA, which will charge a nominal fee of S$50 and provide you the certificate the next day at its corporate office.

We, at TaxationServices.com.sg, are privileged to serve you as your partner in the procedure of Singapore company registration. We also offer facilities such as company secretary, a registered office address and many more. Our sole aim is to help you in registering your company in a smooth, efficient and expedite manner.

info@taxationservices.com.sg

+65-6536 0036