Rikvin Offers Company Incorporation Services

Rikvin, a leading Singapore based business registration firm offers quality incorporation services

. Rikvin recognized that the emergence in Singapore is a total opposite of the countrys size because Singapore is mostly known as a country that offers a world-class living environment. Singapore is a busy cosmopolitan city with a landscape of high-rise buildings and gardens.

One interesting aspect of Singapore is its vibrant multicultural experience where there is a collage of different cultures. Some of these people are visitors, some are professional workers and some are businessmen and investors.

On this page, we will be covering the basic Singapore incorporation services made available for entrepreneurs.

Below are the basic requirements needed to incorporate a Singapore company:

Anyone (a local or a foreign person) can register a new Singapore company

100% foreign ownership allowed

Minimum paid-up capital of $1 only

Concept of authorized capital no longer exists

Minimum of 1 director and 1 shareholder required

At least one director must be a local resident director (Singapore citizen, permanent resident, or EP/DP holder)

Must have a local registered address

Must have a local qualified company secretary

Moreover, here are the basic considerations for incorporation of a Singapore company:

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.

by: Shayne Hughes

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