Five Key steps to Start a Singapore Company

Five Key steps to Start a Singapore Company

The company is undertaking the formation of a separate legal entity from its owners, or, more correctly known as shareholders.

Business people who want a more stable industrial structure and the "restricted" will benefit most pros recommend the Singapore company that has traditionally been regarded as the most ideal setup for medium-sized and large businesses.

This is a guide in the form of society in Singapore:

1. The company name registration. The company name, filed in Registrar of Companies (ROC) should not use the trademark of another company, does not conflict with other organizations, and may propose an impertinence and vulgarity.

2. Open a bank account exclusively for the company. When the ROC has made it possible for shareholders to use a particular company name, the next step is to open a bank account in Singapore.

3. File memorandum and articles of ROC. These documents explain the intention to act in the company to be appointed, and the policies governing its internal management, the issuance and handling of stock shares, board and senior management and officials have to take.

4. Follow the requirements stated in Singapore Companies Act, registered office and the appointment of at least one shareholder (legal person or natural person), a resident director and a qualified secretary.

* Shareholders may vary from one to 50 persons or companies.

* The resident director is a Singaporean citizen, permanent resident or a foreign person, depending on the Employment Pass Pass, a pass or a residential address in Singapore.

* The company secretary should have the skills to manage his position and should be one of the shareholders.

* Home Address, which would be "physical address" instead of PL, where authorities want to send messages to a single company. It is also the place where shareholders are expected to hold legal documents. (Note: If the head office in the residential and commercial site, the company needs to authorize the Housing and Development Board or the Urban Development Authority to look).

5. The company must submit a new startup documents ROC before it can operate their business. There is also evidence of the identity of all shareholders and officers, the location of the registered address of communication, legal analysis of compliance with the return of allotment of shares, profiles of all the leaders (eg, secretaries, managers and auditors) and signed and certified the consent of every person who acts as a director.

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