subject: Singapore Company Registration Details [print this page] Singapore is not just known as one of the most admired business capital in the world but the country is also known for giving world class services not just in local but also international.
A company registration specialist aims to maintain their excellent company registration services by providing concise registration requirements and process flow to local and foreign applicants, helping applicants examine and identify registration needs and by adhering religiously to the incorporation's rules and regulations.
Notes are provided below for necessary data an individual should have in registering a company in Singapore. Taking down some important notes is strongly recommended.
Company Name. Approval of company name should be done first before incorporation in Singapore.
Directors. It is strongly mandated that there should only be one resident director. Enabling of additional directors is not a problem because they accept unlimited addition of directors. 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. Singapore allows a director to be a shareholder at the same time. 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. Mandatory that a company should appoint a secretary by the time they were incorporated. Requirement for a secretary is that he/she should be a local resident in nature.
Paid-up Capital. Minimum paid-up capital for registration of a Singapore company is S$1. Increasing of paid up capital is allowed anytime. Concept of Authorized Capital for Singapore companies is not enabled.
Registered Address. In order to register a Singapore company, you must provide a local Singapore address as the registered address of the company. Physical address is only allowed so P.O Box is considered invalid address.
Taxation. Singapore registered companies enjoy very attractive tax exemptions and incentives. That is one of the main attractions of Singapore which gives them the title as one of the best business capital in the world.
