Register A Singapore Company

It is important that entrepreneurs who are planning to register a company in Singapore

are knowledgeable enough on what things are much needed for the registration. Being knowledgeable on the registration requirements and process will make the registration fast and enable businessmen to operate immediately. Singapore is globally known to be one of the most successful countries in the business world. Because of this reputation, we would like to present to you some basic considerations that will help you register a Singapore company.

Company Name: An eligible company name should be approved by the Accounting Corporate Regulatory Authority (ACRA) of Singapore.

Shareholders: It is valid if the company do have at least one corporate or individual shareholding and a maximum of 50 shareholders. Shareholders can either be 100% foreigner or a combination of resident and foreign shareholders. Remember that details of directors are made to publicly available.

Directors: It is required to have at least a minimum of one director who should be a resident of Singapore which means a Singapore citizen, Singapore permanent resident or Entry Pass|Employment Pass holder with a registered address.|It is also a requirement that one of the directors is a permanent resident pass holder in Singapore.|One of the directors should be a Singapore permanent pass holder.} A person with a good reputation and is 18 years old is also a must for the choice of director.

Company Secretary: The appointed secretary should be a resident in Singapore within six months of incorporation.

Share Capital| Paid-Up capital: S$1 is the minimum paid up capital upon registration. One share of par value is the minimum issued capital They don't permit "bearer" shares and "no par value" shares. Government of Singapore allows increase of paid up capital anytime right after incorporation of company.

Registered address: The registered address should be a physical address and P.O Box is not permitted. Usage of residential address is permitted depending on the type of business.

Memorandum and Articles of Association: Memorandum and Articles of Association should be provided by ACRA. The two aspects have different functions. Foremost, the Memorandum must provide a list of transactions that the company can commission into. Next, the Articles of Association must state the standards of the company's internal administration.

Now that this basic information is hand and still you wish to have additional information and further assistance, please do not hesitate to consult an authorized business registration firm in Singapore. The government of Singapore is ready to welcome you and more than willing to provide you the best assistance they could offer.

by: Diane Enriquez

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