Company Registration Singapore: Registration Guide

Company Registration Singapore: Registration Guide

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:

Company Name. The name must be approved before incorporation of the Singapore company can occur.

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.

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.

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.

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.

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.

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.

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