Incorporate Your Singapore Company Now

By Author: Shayne Hughes
Total Articles: 108
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Rikvin, a leading Singapore based business registration firm offers quality incorporation services. Rikvin recognized that the emergence in Singapore is a total opposite of the country’s size because Singapore is mostly known as a country that offers a world-class living environment. Singapore is a busy cosmopolitan city with a landscape of high-rise buildings and gardens.

One interesting aspect of Singapore is its vibrant multicultural experience where there is a collage of different cultures. Some of these people are visitors, some are professional workers and some are businessmen and investors.

On this page, we will be covering the basic information on company incorporation in Singapore.

Below are the basic requirements needed to incorporate a Singapore company:
• Anyone (a local or a foreign person) can register a new Singapore company
• 100% foreign ownership allowed
• Minimum paid-up capital of $1 only
• Concept of authorized capital no longer exists
• Minimum of 1 director and 1 shareholder required
• At least one director must be a local resident ...
... director (Singapore citizen, permanent resident, or EP/DP holder)
• Must have a local registered address
• Must have a local qualified company secretary

Moreover, here are the basic considerations for incorporation of a Singapore company:
• Company Name. The name must be approved before incorporation of the Singapore company can occur.
• Directors. A minimum of one resident director is mandatory. There is no limit on the number of additional local or foreign directors a Singapore Company can appoint. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractice in the past.
• Shareholders. A Singapore private limited company can have a minimum of 1 and maximum of 50 shareholders. A director and shareholder can be the same or different person. The shareholder can be a person or another legal entity such as another company or trust. 100% local or foreign shareholding is allowed.
• Company Secretary. As per Section 171 of the Singapore Companies Act, every company must appoint a qualified company secretary within 6 months of its incorporation. The company secretary must be a natural person who is ordinarily 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. The registered address must be a physical address (can be either a residential or commercial address) and cannot be a PO Box.
• Taxation. Singapore registered companies enjoy very attractive tax exemptions and incentives. This is one of the key reasons entrepreneurs from around the world prefer to form a company in Singapore.

Rikvin Pte. Ltd. is a Singapore-based firm that provides professional incorporation, company registration Singapore or assistance to incorporate a Singapore company, accounting, tax, and immigration services. Rikvin has incorporated thousands of companies since 1998. Our head office is conveniently located in Raffles Place – the heart of Singapore’s business district.