Singapore Company Setup Process

By Author: Mark Forest
Total Articles: 1
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Singapore is center of attention of most of the businesses as it gives a number of facilities to the investors. To set up a company in Singapore, all the process you have to complete with the help of ACRA, so remain in contact with this department.

For the purpose of company incorporation in Singapore, the following information is required by the company registrar:

*Company Name
*Brief Description of Business Activities
*Shareholders Particulars
*Directors Particulars
*Registered Address
*Company Secretary Particulars

Memorandum and Articles of Association (MAA). Singapore Company Registrar provides a standard MAA document that is suitable for most instances.

The incorporation service firm you engage will typically collect the following documents from you in order to prepare the necessary company incorporation paperwork:

For non-residents: Copy of passport, overseas residential address proof, and other Know-Your-Client (KYC) information such as a bank reference letter, personal and business profile, etc.

For Singapore residents: Copy of Singapore identity ...
... card
If the shareholder is a corporate entity: Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association.

Note that officially endorsed translated versions must be provided for any non-English documents.

There are many other issues to keep in mind when considering the Singapore Company Setup, even though it is a relative easy process - directors for example must be at least 18 years of age. As well, there is no requirement for domestic shareholder as the company can be 100% owned by foreign entities. Remember to engage in a professional service or investigate all the information available to you via ACRA when considering business formation in Singapore.

Resource Box:

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