How to Start a Singapore Company

How to Start a Singapore Company

How to Start a Singapore Company

Starting a Singapore company today is more trouble free because of the presence of company registration firms and corporate solutions provider who will guide you all throughout the business registration and business setup. One good example is Rikvin, the leading corporate solutions specialist in Singapore. On this page, we will outline the minimum requirements and necessary documents that you need to secure in order for your corporate specialist to handle your business registration and setup accordingly.

In Singapore, the most preferred type of company to be incorporated is the Private Limited Company. It is a type of private company limited by shares and registered with Accounting & Corporate Regulatory Authority (ACRA) under the Singapore Companies Act. A Singapore Private Limited Company has a separate legal entity from its shareholders, and therefore they are not liable for the debts and losses of the company.

Below are the minimum setup requirements for a Singapore company:

Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary

Minimum initial paid-up share capital is S$1

Singapore Company must have a Singapore registered office address

Below are the required documents for registration of a Singapore company:

Company name

Registered address

A description of business activities

Shareholders particulars

Directors particulars

Company secretary particulars

Memorandum and Articles of Association (MAA)

A copy of Singapore identity card (IC) for Singapore Residents or a copy of passport, overseas residential address proof, and other information for foreigners.

Guide for Foreigners:

Foreign corporations and individuals must engage a professional firm that specializes in company incorporation in Singapore to set up a company.

Foreign individuals who wish to relocate to run their new Singapore Company operations have two types of work pass to choose from, Employment Pass and EntrePass

Foreign Corporation that plans to relocate their management staff to Singapore to run their new Singapore company setup must apply for Employment Pass.

Foreign Individuals and corporations that do not intend to relocate to Singapore to operate the company must appoint a Singapore resident director in accordance with the Singapore Companies Act.

If you have further inquiries and concerns on actual company registration and company setup, please feel free to contact Rikvin, the firm is more than willing to assist you.

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