Singapore Company Incorporation And Business Registration

By Author: Ashley V.
Total Articles: 63
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Singapore is famous for being able to provide exquisite quality of goods and services from all types of industry to local residents and foreigners worldwide. With unrelenting drive towards excellence in registration of companies in Singapore procedures, Asiabizservices-- a leading business registration firm in Singapore, is undoubtedly one of the major contributors of the stable and growing economy in Singapore.

Asiabizservices aims to maintain their excellent company registration services by providing concise registration requirements and process flow to local and foreign applicants, helping applicants examine and identify registration needs and by adhering religiously to the incorporation's rules and regulations.

In here, we will be discussing some details that would be helpful to individuals or companies who want to register a company in Singapore. Below are some key information one must take note:

Company Name. Prior to incorporation of the Singapore company, an approval of company name must first take place.

Directors. A minimum of one resident director is mandatory. A Singapore Company can appoint ...
... as many additional directors as he/she wants may it be a local or foreign. It is vital that directors should be at least 18 years old and have not been undischarged in bankruptcy or convicted for any malpractice in the past.

Shareholders. At least 1 to 50 shareholders is the limited number of a Singapore private limited company. A director and shareholder can be the same or different person. Furthermore, the shareholder can be an individual or another legal entity such as another company or trust. Also, there is an allowance of up to 100% local or foreign shareholding.

Company Secretary. Every company should appoint a qualified company secretary within 6 months of its incorporation as stated in Section 171 of the Singapore Companies Act. The secretary of the company should be a natural person who is ordinarily a resident in Singapore.

Paid-up Capital. Minimum paid-up capital for registration of a Singapore company is S$1. Paid-up capital (also known as share capital) can be increased anytime after the incorporation of the company. There is no concept of Authorized Capital for Singapore companies.

Registered Address. In order to register a Singapore company, you must provide a local Singapore address as the registered address of the company.|Providing a local Singapore address as the registered address of the company is a prerequisite in order to register a Singapore company.|Another requisite so that one can pursue in registration of a Singapore company is to provide a local Singapore address as the registered address of the company.}

The registered address must be a physical address (can be either a residential or commercial address) and cannot be a PO Box.

Taxation. The salient benefit that Singaporean registered companies enjoy is the very appealing tax exemptions and incentives. The above-mentioned is the compelling reason why entrepreneurs worldwide choose to incorporate a company in Singapore.

The aforementioned information are useful, however if you need further guidance and information, please feel free to call any authorized business registration firm for a consultation and easy process of registration.

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Asiabiz is the leading Singapore Company Incorporation Solutions Specialists. It has successfully helped foreign entrepreneurs Incorporate a Singapore Company. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours for advise and consult.