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Today's article will take you to understand the Singapore company registration conditions and registration process, and help people with lofty ideals to achieve a gorgeous turn from scratch on the road of starting a business in Singapore.
Whether you're starting a local business or a multinational giant looking to enter the Singapore market, we'll provide you with detailed guidance and advice to help you navigate the Singapore company registration process and get started on your path to success.
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Singapore Company Registration Requirements
1. Company name: The Singapore company name must be in English, and Chinese name registration is not accepted at present. The name must end with PTE.LTD. (Forbidden words to be avoided in naming can be followed by us to understand)
2. Registered address: Singapore companies must provide a local registered address in Singapore, and must notify the Accounting and Corporate Regulatory Authority of Singapore within 14 days if there is a change in registered address;
3. Business scope: Singapore companies can choose up to 2 business items;
4. Registered capital: The minimum paid-up capital of a Singapore company is S$2,000, and there is no upper limit at the maximum. Singapore companies usually have no strict time limit for the payment of capital and are not subject to stamp duty.
The registered capital can be in Singapore dollars or other commonly used foreign currencies, and if the registered capital exceeds S$100,000, a separate fee will be charged. When the registered capital of a Singapore company is higher than S$500,000, it needs to submit an annual fee to the Singapore Business Alliance [SBF];
The annual fee rates are as follows:
5. Shareholder directors: copy of shareholder's passport, share ratio, address certificate (ID card can be used as address proof), director's passport copy, address certificate (ID card can be used as address proof);
Note: There is no restriction on the composition of the shareholders of a Singapore company, which can be either a natural person or a company.
The director of a Singapore company must be a natural person over the age of 18 and can consist of one or more directors, but must include at least one local director.
A local director is a Singapore resident or Singapore permanent resident.
6. Company Secretary: Any company must appoint a company secretary within 6 months of its establishment.
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Singapore company registration process
Name check - fill in the registration power of attorney, provide shareholder director certificate + address proof - sign the registration document + fill in KYC - pay the registration fee - register according to the submission - 7-15 working days to complete the registration - black box back.
Our services include:
(1) Search with the Singapore Companies Registry to determine the company name;
(2) Verify the registered capital, the number of shareholders and the proportion of shares;
(3) To determine the appointment and submission of the first batch of shareholders, secretaries, directors and chairman of the board of directors;
(4) Prepare all documents and statutory returns, arrange for shareholders to sign documents, and submit applications to relevant government departments;
(5) Apply for the company registration certificate and pay the registration fee;
(6) Make the company's seal and pay the seal fee;
(7) Provide the address of the first year and act as the legal secretary (time: from the date of establishment of the new company to the end of one year);
(8) Provide business secretarial services for the first year (time: from the date of establishment of the new company to the end of one year);
(9) Singapore nominee director service (a local director in Singapore is required to register a Singapore company, if there is no one available from our company)