Singapore Company Registration Specialist
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Singapore Company Incorporation Guide

Singapore Company Incorporation Guide

Incorporating a company or business in Singapore for the first time can be a complex and challenging process, but with the help of the right corporate advisory firm, the process can be much easier. However, before you turn to any of the professionals, it will be better if you have a grasp about the process of company incorporation of Singapore.

Most companies in Singapore are registered as Private Limited Companies (PLC) and is considered as the most preferred business entity in the city.   Businesses who register as PLC have “Pte Ltd” or “Ltd” attached to their business name. Companies are restricted to the amount of paid-up capital. Once the company registered, it can enjoy substantial tax savings amounting to S$300,000 via tax exemptions for the first 3 years of assessments.

What You Need to Know Before A Singapore Company Registration

Company Name: Make sure that your company name is simple and easy to remember. In Singapore, business names that are vulgar or offensive are prohibited. Before anything else, your business name must be approved before the incorporation.

Company Directors: There must be at least one resident director in the Private Limited Company. This resident director can be a Singapore Citizen, a Singapore Permanent Resident, or a foreigner who is holding an Entrepass, Employment Pass, or Dependent Pass. There is no limit on the number of additional directors that a Singapore Company can appoint. However, one must be at least 18 years of age and must not be undischarged bankrupt in the past in order to qualify as a company director.

Shareholders: There must be a minimum of 1 and maximum of 50 shareholders in a Singapore Private Limited Company. A shareholder can be a director or a different person, or a legal entity such as another company or trust. Singapore allows 100% local or foreign shareholding.

Company Secretary: According to the Section 171 of the Singapore Companies Act, every company must appoint a qualified company secretary within 6 months of its incorporation.

Paid-up Capital: The minimum paid-up capital for the registration of a Singapore Company is S$1. It can be increased anytime after the company has been incorporated.

Registered Address: A local Singapore address is required for the registration of a Singapore company. The registered address must be a physical address and not a PO Box.