Singapore Company Formation Guide 2011

in Company

Why Singapore? Singapore is regarded as the most globalized nation where talents are located to share innovative ideas, form new businesses and engage in wise investment decisions. It is a pro-business country that promotes advanced technology and outstanding worldwide company reputation. It also promotes absence of corruption and bureaucracy.

How to form a Singapore company? A foreign company is given options for Singapore company registration that includes option to register a Subsidiary Company, Branch Office or a Representative Office. There is also an option to choose whether to setup a company with relocation to Singapore or setup a company without relocation to Singapore.

To incorporate a company in Singapore, foreign companies must:

  • Singapore Companies Act does not allow foreign individuals or entities to self-register a company. You can engage Rikvin, Singapore’s leading Singapore company registration specialist, to set up your company.
  • Appoint a Singapore resident to be the director of the company. A Singapore resident can be a Singapore citizen, permanent resident or holder of an EP or EntrePass. In the event that you are unable to appoint a Singapore resident director, Rikvin can provide you with one through our Nominee Director service. The service can be temporary or long term depending on your needs.
  • Provide a Singapore address as the registered address for the company. Alternatively, you can also engage a Registered Address service through Rikvin.

Requirements:

  • Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
  • Minimum initial paid-up share capital is S$1
  • Singapore Company must have a Singapore registered office address
  • Company Name: The company name must be approved by ACRA before the Singapore Company can be incorporated.
  • Shareholders: A minimum of at least one corporate or individual shareholding is required.
  • Resident Directors: Singapore Private Limited Company must have at least one director who must be an "ordinarily" resident in Singapore.
  • Company Secretary: The company secretary must be a natural person who is an "ordinarily" resident in Singapore.
  • Share Capital/Paid-up Capital: The minimum paid-up capital for registration of a Singapore company is S$1 or its equivalent in any currencies.
  • Registered Address: Every company registered in Singapore is required to have a registered office address.
  • Memorandum and Articles of Association: Memorandum and Articles of Association must be lodged with ACRA. Memorandum specifies the activities in which the company may engage whereas the Articles of Association specifies the rules governing the internal management of the company.

 

Author Box
Shayne Hughes has 129 articles online

Rikvin provides a full spectrum of corporate services under one roof for Singapore company registration and assistance to form a Singapore company, accounting, tax, work pass and related compliance services for individuals and companies worldwide.

Add New Comment

Singapore Company Formation Guide 2011

Log in or Create Account to post a comment.
     
*
*
Security Code: Captcha Image Change Image
This article was published on 2011/04/06