Register A Singapore Company Guide

By Author: Daniel Campbell
Total Articles: 1
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It is important that entrepreneurs who are planning to register a company in Singapore are knowledgeable enough on what things are much needed for the registration. A knowledge in basic requirements will make a big impact in making the process very fast to operate the business as soon as possible. Singapore is globally known to be one of the most successful countries in the business world. Listed below are some important benchmarks that are needed to be considered in registering a company in Singapore.

Company Name: The company name must be unique, desirable and must be approved by Accounting and Corporate Regulatory Authority (ACRA) of Singapore.

Shareholders: You are required to have a minimum of at least one corporate or individual share holding and a maximum of 50 shareholders. Shareholders are not required to be pure foreigner but a combination of resident and foreign is acceptable. The details of directors are always ready for the public.

Directors: It is required to have at least a minimum of one director who should be a resident of Singapore which means a Singapore citizen, Singapore permanent resident ...
... or Entry Pass|Employment Pass holder with a registered address.|It is also a requirement that one of the directors is a permanent resident pass holder in Singapore.|One of the directors should be a Singapore permanent pass holder.} A good and clean reputation is a requirement for a director and he or she should be 18 years of age.

Company Secretary: The appointed secretary should be a resident in Singapore within six months of incorporation.

Share Capital| Paid-Up capital: The government of Singapore requires a minimum of S$1 paid up capital upon registration. The minimum issued capital is one share of par value They don't allow "bearer" shares or "no par value" shares. Government of Singapore allows increase of paid up capital anytime right after incorporation of company.

Registered address: The registered address should be a physical address and P.O Box is not permitted. Usage of residential address is permitted depending on the type of business.

Memorandum and Articles of Association: Memorandum and Articles of Association should be provided by ACRA. The Memorandum specifies the activities in which the company may involve. On the other hand, the Articles of Association states the rules carried out by company's internal management.

Now that this basic information is hand and still you wish to have additional information and further assistance, please do not hesitate to consult an authorized business registration firm in Singapore. The government of Singapore is ready to welcome you and more than willing to provide you the best assistance they could offer.

Resource Box:

Asiabizservices is the leading Singapore Company Registration Services Specialists. It has successfully helped thousands of foreign entrepreneurs start 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.