Singapore Company Registration

Singapore-Company-Registration

For all your Singapore company registration needs, just get in touch with SingaporeAudit.com.sg. You’ll get all the information needed for starting a business in Singapore from scratch.

Over the years, Singapore has become the preferred destination for professionals and entrepreneurs alike. Both foreign and local entrepreneurs choose to form a Singapore company due to the favorable business environment prevailing in the country. Therefore in order to start a Singapore Company you must get it registered with the Accounting and Corporate Regulatory Authority (ACRA) Singapore. Basically, most of the Singapore companies are registered as private limited liability companies (private limited companies), which are separate entities, whereby their shareholders are not liable to the debts incurred by the company in excess of their share capital contribution. Any person above 18 years of age, be it a foreigner or a local can setup a Singapore company.

Basic Facts of Singapore Business Formation Prior to Registration

Name of Company: Naming of the company is the first step in the process of Singapore company registration. The name must be unique and must be approved by ACRA.

Paid-Up Capital: You need to have a minimum paid-up capital of S$1 for the company incorporation in Singapore.

Minimum Number of Directors: You are required to have atleast 1 local director, who is ordinarily a Singapore citizen or a permanent resident of Singapore or someone holding an Employment Pass, Entrepreneur Pass or a Dependant’s Pass.

Shareholders: You need to have atleast 1 shareholder for a private limited company with a maximum of 50, who need not necessarily be a Singapore resident.

Company Secretary: Every private limited company in Singapore must employ a company secretary, who is a natural resident of Singapore (Singapore citizen) or a permanent resident of Singapore or anyone holding a valid Employment Pass, Entrepreneur Pass or a Dependant’s Pass, within 6 months of the incorporation of company in Singapore.

Registered Office Address: You are supposed to have a valid registered address of your Singapore Company.

Documents Required For Singapore Company Registration

  • Memorandum and Articles of Association (M&A)
  • Details of Shareholders, Directors and Company Secretary.
  • Name of the company
  • Registered office address
  • Singapore identity card (for Singapore residents) & details of passport (for non-residents).

Registration Process of a Singapore Company

  • Name approval
  • Submission of all the documents
  • Registration of the company by ACRA
  • Opening a Corporate bank account

Post Singapore Company Registration

A notification via email is sent to you upon successful registration of your company, confirming the same along with the company registration number. This notification itself would be your official certificate of registration.

Singapore Audit is your perfect partner for starting company in Singapore. Our services related to company registration in Singapore include assistance in name approval, documents submission; helping you open a corporate bank account and other related formalities in the process of company registration.

Please feel free to contact us on +65 6536 0036 or drop in an email at info@singaporeaudit.com.sg

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