Singapore is a country that is regarded as open minded and multicultural. The country
offers a lot of business opportunities thus making it popularly known as a business
hub. This popularity and economic stability of Singapore attracted local and foreign
businessmen and companies to start a Singapore company.
If you are a businessman planning to establish a Singapore company, you can start
by making a thorough research on the status and reputation of Singapore. After
gathering enough information on the country, you can already decide whether to
proceed or not to proceed with your business plans.
If you have already decided to proceed with a Singapore company, please read on as
we will be providing you company registration Singapore guide that will make you
aware on basic requirements and regulations for business operation in Singapore.
The following are the key information for company registration: 鈥?Company
Name. The name must be approved before incorporation of the Singapore company
can occur. 鈥?Directors. A minimum of one resident director is mandatory. There is
no limit on the number of additional local or foreign directors a Singapore Company
can appoint. Directors must be at least 18 years of age and must not be bankrupt or
convicted for any malpractice in the past. 鈥?Shareholders. A Singapore private
limited company can have a minimum of 1 and maximum of 50 shareholders. A
director and shareholder can be the same or different person. The shareholder can be a
person or another legal entity such as another company or trust. 100% local or foreign
shareholding is allowed. 鈥?Company Secretary. As per Section 171 of the Singapore
Companies Act, every company must appoint a qualified company secretary within 6
months of its incorporation. The company secretary must be a natural person who is
ordinarily resident in Singapore. 鈥?Paid-up Capital. Minimum paid-up capital for
registration of a Singapore company is S$1. Paid-up capital (also known as share
capital) can be increased anytime after the incorporation of the company. There is no
concept of Authorized Capital for Singapore companies. 鈥?Registered Address. In
order to register a Singapore company, you must provide a local Singapore address as
the registered address of the company. The registered address must be a physical
address (can be either a residential or commercial address) and cannot be a PO Box.
鈥?Taxation. Singapore registered companies enjoy very attractive tax exemptions
and incentives. This is one of the key reasons entrepreneurs from around the world
prefer to form a company in Singapore.
Rikvin has helped thousands of individuals and corporations to form a company in
Singapore successfully. Rikvin provides a complete corporate solution under one roof
for company registration Singapore procedure, formation of offshore companies with
opening of corporate accounts, business registration including accounting, tax,
immigration related to work passes visa and compliance services in Singapore.