BASIC REQUIREMENTS

for Singapore Company Registration

Before You register your Company in Singapore

The most common business structure in Singapore is a private limited liability company, also known as company with liability limited by shares. This type of company in Singapore is a separate legal entity and it provides shareholders protection from debts beyond the amount of capital they contribute. Also, this form of a company in Singapore provides the most efficient tax regime for a Singapore legal entity. 

Your Company is considered as an Exempt Private Company (EPC) if it has not more than 20 shareholders all of whom are natural persons. EPC will enjoy audit exemption if the Company has fulfilled the small company requirement.

 

The following company information will be required to provide to register your company in Singapore:

  • Company Name. Must be approved before registering your business Singapore. An approved company name will be reserved for 120 days from the date of name approval. No further extension of name reservation period is allowed.

  • Directors. You must have at least one local resident Director in Singapore. This person can be a citizen, permanent resident, or someone with a valid employment pass or dependent pass. An unlimited number of additional resident or non-resident directors can be appointed as well. Both resident and non-resident directors need to be at least 18 years old, not bankrupt, and free of any malpractice charges in the past.

  • Shareholders. For Private Limited Company, you can have between one and 50 shareholders, which may or may not be directors.  Shareholders can be individuals or entities, local or foreign. After incorporation, you can issue or transfer shares to shareholders.

  • Company Secretary. Under the Singapore Companies Act, Section 171, you have six months to appoint a a qualified resident* company secretary within 6 months of your Singapore company’s incorporation. Sole directors and/or shareholders cannot act as the company secretary.

  • Paid-up Capital. Your company must have at least S$1 in paid up capital, also known as share capital. It also can increased at any time after incorporation. It can be Ordinary shares, preference shares or other shares. The concept of Authorized capital was abolished in Singapore in 2004.

  • Registered Address. Every Singapore company must have a local, physical Singapore address as the registered address of the company. The registered address can be either a residential or commercial address, but not a P.O. Box.

Anyone above 18 years of age can incorporate a company in Singapore. There are few basic requirements, one of them is to have a local resident director. Below is the comprehensive list of basics which you need to keep in mind before incorporation a company in Singapore.

IMPORTANT:

 

All foregners need to engage professional firm to incorporate Singapore company. Our company is Registered Filing Agent (RFA) consultancy firm, which means that we can legally provide the full process of Singapore company incorporation and maintenance.

Singapore limited companies are regulated by Singapore Companies Act.

INTRACORP SERVICES

INTRACORP is not just an ordinary service provider in Singapore. Our services are not limited to the incorporations of the companies in Singapore, but covers all the necessary aspects for smooth operation of your business in Singapore, whether it comes to compliance, accounting, banking, virtual office or just reliable business advice in many areas. INTRACORP provides affordable and efficient services so that business owners can concentrate on the running their business.

Besides business registration service, INTRACORP also offers Corporate Secretary Services, Nominee Director services, Work Visa applications assistance, business planning, finding potential business partners, services outsource, staffing and many more.

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