subject: Singapore Company Formation and Registration for Foreigners [print this page] Singapore Company Formation and Registration for Foreigners
If you are a foreigner who is looking for basic information on how to start a Singapore company and establish a strong business presence, then you are absolutely on the right place for the right information. Singapore is regarded as one of the world's leading financial centers today. Its attractive tax benefits and business procedures with the absence of red tapes have convinced a lot of investors to consider Singapore as one of their investment locations. Being a pro-business environment is the major reason why Singapore maintains popularity worldwide. For this reason, we at Rikvin provides you the basic information on how to start a Singapore company.
Fundamental essentials most frequent considerations if you wish to start a Singapore company:
1.Singapore Companies Act doesn't allow foreign individuals or entities to self-register a business. You are able to engage Rikvin, Singapore's leading incorporation specialist, to set up your business.
2.Appoint a Singapore resident to become the director of the organization. A Singapore resident could be a Singapore citizen, permanent resident or holder of the EP or EntrePass. In case you can't seem to appoint a Singapore resident director,Rikvin can present you with one through our Nominee Director service. The service could be temporary or long-term based on your requirements.
3.Give a Singapore address as the registered address for the business. Alternatively, you can also engage a Registered Address service through Rikvin.
Foreign individuals and companies receive the choice of creating a Subsidiary Company, Branch Office or a Representative Office in Singapore. You have the choice to choose to set up a business and relocate to Singapore or run your company operation and never having to relocate to Singapore. iIf you want to relocate management staff out of your home country to manage the business's operations in Singapore, you will have to apply for a jobs Pass. Keep in mind that a jobs Pass application could be only filed after registration of the company.
Furthermore, listed here are the setup requirements for Singapore company registration:
*Minimum 1 Shareholder 1 Resident Director 1 Company Secretary
*Minimum initial paid-up share capital is S$1
*Singapore Company will need to have a Singapore registered office address
Other details to consider before incorporation:
1. Company Name: The organization name has to be unique and desirable.
2. Shareholders: No less than at least one corporate or individual shareholding is required.
3. Resident Directors: No less than a minumum of one director who should be an "ordinarily" resident in Singapore.
4. Company Secretary: The company secretary should be an all natural one who is definitely an "ordinarily" resident in Singapore.
5. Paid-up Capital: The minimum paid-up capital for registration of your Singapore company is S$1 or its equivalent in different currencies.
6. Registered Address: The registered address has to be a physical address and cannot be considered a PO Box. Usage of residential address is allowed for some types of business.
