Singapore Company Registration
Requirements For Private Limited Singapore Company
Two types of businesses can be registered in Singapore. The first and the
easier to register is the sole proprietorship, which, as the name indicates, is
owned by only one person. The other type is the private limited company
which must have less than 50 shareholders, and which needs to fulfill several
Singapore company registration requirements.
Singapore company registration, both for single proprietorship or for private
limited companies, requires a business name to be registered and the
application of incorporation. The paid-up capital for both types of business is
the same—S$1. This is what most green horns in establishing a business
appreciates in Singapore’s pro-business environment.
Singapore company registration is filed with the ACRA, or the Accounting and
Corporate Regulatory Office of Singapore. ACRA plays the role of the
regulator of all the businesses and of the accountancy profession in the
For private limited companies, Singapore company registration has the
1. Business name and application of incorporation. The business name
should not be an existing and already registered name, should not contain
any vulgar expression, and should not be restricted by the Minister for use by
2. The company has to have at least one shareholder and one director, who
can be the same persons, although most financial institutions require two
signatories so it is best to elect a separate shareholder and director among all
shareholders which can be up to 50.
3. One of the directors must be at least 18 years old, a Singapore citizen or
permanent resident, an Employment pass, Approval-in-Principal Employment
pass, or a dependant pass holder.
4. A physical business address must be provided. A P.O. Box is not accepted.
5. The private limited company has to have a dedicated and competent
secretary within 6 months of the registration. He or she is supposed to be
knowledgeable of the administrative requirements of the business.
As with any application, Singapore company registration can be simplified,
seamless, and stress-free if all the requirements are in order. Service
providers facilitate this in sure-fire ways. This will then assure business
owners of a timely processing at agreed-upon service fee, something that is
important especially for those who have a conservative beginning capital and
who desire to start operating as a legal business entity the soonest time.
Company Registration Singapore
Company Registration Singapore: Water Business Seen To Boom In
Singapore clinched the fourth spot in the recently released report on the
Global Financial Index, which still maintains London, New York, and Hong
Kong on the top three posts. Tokyo has the fifth spot. Interestingly, both
Singapore and Hong Kong do not come far off London and New York in the
long-held top two positions as the world’s biggest financial centres.
No wonder, many businesses are keen on launching their headquarters in
Singapore. This is especially because company registration Singapore offers
is in an environment that is not averse to innovation or risk-taking. Instead, the
Singapore government’s corporate regulatory body, the ACRA, plays a
facilitative and not a forbidding role for businesses seeking to be established
in this Asian power economy.
Company registration Singapore requirements are streamlined. A sole
proprietorship or private limited company only needs to register a business
name and apply for incorporation for a minimal fee. If all documents are
submitted in order, the two processes can be accomplished in less than one
hour. Moreover, businesses need only a paid-up capital of S$1 to be
Corporate secretarial firms which are experts in fulfilling company registration
Singapore requirements also help with the speedy filing of application, even
for businesses which have peculiar requirements usually involving the
approval by another government agency apart from ACRA. These firms have
the experience necessary for a speedy filing, especially for highly competitive
and new business ventures which promises great returns for the innovators.
One such business to give careful consideration to is the water business.
Currently, Singapore is dependent on reclaimed water for 30% of its
requirement. To supply the rest of the requirement, the government imports
water from Malaysia. The Singapore government seeks to be self reliant when
it comes to its water requirements and is embracing all innovations leading to
its proposition to become a hyrdohub by 2015. This need provides a steady
platform to launch businesses in the water treatment and reclamation