How To Incorporate A Company
How To Incorporate A Company In Singapore
Singapore is known all over the world for being one of the friendliest countries for business. Its efficient bureaucracy, business-friendly practices, and strategic position in the Asian and Southeast Asian markets make it an excellent base for local businesses as well as Asian headquarters of foreign companies. Before doing this, however, interested businesses need to know how to incorporate a company in Singapore first.
How To Incorporate A Company In Singapore: The Requirements For A Local Company
You can start a local and a foreign company in Singapore. The agency to call for all business-related affairs is the Accounting and Corporate Regulatory Authority or ACRA. ACRA also sets forth requirements for interested individuals or groups in incorporating a company.
If you’re incorporating a local company, you need the following: a SingPass, an approved company name, and your chosen company type. You would also need to provide the particulars of your company’s directors, shareholders, or members, including their name, identification number, nationality, residential address, and contact number or email address. Share capital details such as share capital, allotment of shares, group shares information, and class of shares are also needed. You also need to provide your registered office address and a copy of your M&AA.
How To Incorporate A Company: Requirements For Registering A Foreign Company In Singapore
Global companies may also put up a Singapore branch provided they fulfill requirements for registering a foreign company in Singapore. The requirements include a SingPass, an approved company name, capital structure, a registered office address, a PDF copy of the Certified Certificate of Incorporation or Registration, and a PDF copy of the Charter/Statute/Memorandum and Articles/Other Constitutional Instruments.
In addition to this, foreign entities also need to provide a PDF copy of the Memorandum Stating Powers of Local Directors (if any), as well as a PDF copy of the Memorandum of Appointment of Agents/Power of Attorney and Affidavit Verifying Execution. Lastly, you also need to provide the particulars of additional agents or directors, such as their name, identification number, nationality, residential address, and contact number or email address.