Singapore Company Registration Basics

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If you are one of the interested entrepreneurs who are planning to setup a company and establish a good business reputation in Singapore, you have to make sure that you are well–equipped with the right information regarding Singapore company registration. This way you will be able to avoid hassle or difficulties on the process of company registration and more importantly, in formal business operations.

Below are the basic considerations for company registration:

  1. Company Name: The company name must be approved by ACRA before the Singapore Company can be incorporated.
  2. Shareholders: A minimum of at least one corporate or individual shareholding is required. A director and shareholder can be the same or different person.
  3. Resident Directors: Singapore Private Limited Company must have at least one director who must be an "ordinarily" resident in Singapore.
  4. Company Secretary: The company secretary must be a natural person who is an "ordinarily" resident in Singapore.
  5. 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.
  6. Registered Address: Every company registered in Singapore is required to have a registered office address. The registered address must be a physical address and cannot be a PO Box. Use of residential address is allowed for certain types of business.
  7. 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.

In addition, it is still highly recommended to seek the services of a reliable and authorized company registration firm in Singapore to assist you in the registration.

One reliable company registration agent and quality service provider in Singapore is Rikvin. Today, Rikvin offers a “60 minutes” express service registration for company incorporation.

In less than an hour, Singapore-based corporate specialist, Rikvin Consultancy can help incorporate companies, complete with a bank account and a business address. This effectively translates the time saved in the registration process into critical economic activities, thereby sharpening the new company’s competitiveness and readiness to engage its clients. Ragini Dhanvantray,CEO of Rikvin Consultancy, said, “With its excellent infrastructure, regulatory transparency and strong commitment to efficiency, Singapore provides a highly conducive environment for local and international businesses to operate in. To meet the growing demands for efficiency and diverse needs of our customers, we at Rikvin Consultancy have expanded our range of services to now enable our customers to start a company in Singapore with greater convenience and in a fraction of the time.”

  

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Shayne Hughes has 129 articles online

Rikvin provides a full spectrum of corporate services under one roof for Singapore company registration, accounting, tax, work pass and related compliance services for individuals and companies worldwide. Rikvin has helped thousands of local and foreign entrepreneurs register a Singapore company.

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Singapore Company Registration Basics

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Singapore Company Registration Basics

This article was published on 2011/02/23