Basic Guide On How To Register A Singapore Company

By Author: Shayne Hughes
Total Articles: 108
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The republic of Singapore is highly regarded as the most business friendly country worldwide. For this reason, there has been an increase of company setups and registration in the country which added to its positive economic status. It has been observed that a Singapore private limited company is the most preferred business setup of foreigners .

Singapore private limited company is often preferred because Singapore allows 100% foreign shareholding of a company, most foreign entrepreneurs find it convenient to set up a Singapore private limited company and own 100% of the shareholding, it is a separate legal entity that is distinct from its members, the liabilities of the Singapore company do not extend to the its members. In the event of debts or liabilities of the private limited company, members' personal assets remain protected, it is easier for a Singapore company to raise capital as compared to other business structures and it qualifies as a local resident entity and can benefit from Singapore's low tax rates and other tax incentives.

Basic requirements for a Singapore company registration include:

1. Minimum ...
... of $1 for the paid up capital
2. Minimum of one local resident director (i.e. Singapore citizen, Singapore Permanent Resident or Singapore work pass holder) who is a natural person and above 18 years of age.
3. Minimum of one local or foreign shareholder.
4. Appointment of one local company secretary.
5. Availability of a company registered address.
Documents need for Singapore company registration. Note that all documents must be in English or officially endorsed English translated versions.
1. The approved name of your Singapore corporation;
2. A brief about the proposed business activities that your Singapore corporation will engage in;
3. Particulars of the Singapore corporation's directors, shareholders and company secretary (such as name, address, citizenship, etc.);
4. The corporation's Memorandum and Articles of Association (MAA);
5. Passport copies or Singapore Identity card (IC) copies of proposed shareholders and directors;
6. Residential address proof of proposed non-resident shareholders and directors; and
7. Details of the parent company if the shareholder is a corporate body.

Note as well that if you are a foreigner and you need to register a Singapore company, you must engage a business registration form. This is for the reason that Singapore does not allow foreign individuals or entities to self-incorporate a Singapore corporation.
On the other hand if you are a local resident you have the option to self-register a Singapore corporation. Remember that if you are self-registering a Singapore corporation, all the directors, the company secretary and shareholders must either be Singapore citizens, Singapore

Rikvin is an ACRA registered service bureau. We provide assistance on how to register a Singapore Company, a complete corporate solution under one roof for Singapore company registration of private limited companies, formation of offshore companies with opening of corporate accounts, business registration including accounting, tax, immigration related to work passes visa and compliance services in Singapore.