subject: Start a Singapore Company: Business Registration for Foreign Individuals and Companies [print this page] Start a Singapore Company: Business Registration for Foreign Individuals and Companies
If you are a foreign individual and company who is searching for basic information on how to start a Singapore company and establish a strong business presence, then you are exactly on the right page for the right information. Singapore is regarded as one of the world's leading financial centers today. Foreign investors are convinced on the attractive tax benefits and business procedures with the absence of red tapes thus making Singapore as one of their best investment locations. Being a pro-business environment is the major reason why Singapore maintains popularity worldwide. With this, we are providing basic information on how to start a Singapore company.
Fundamental essentials most typical considerations if you wish to begin a Singapore company:
1.Singapore Companies Act doesn't allow foreign individuals or entities to self-register a company. You are able to engage Rikvin, Singapore's leading incorporation specialist, to create your company.
2.Appoint a Singapore resident being the director of the organization. A Singapore resident can be quite a Singapore citizen, permanent resident or holder of the EP or EntrePass. When you can't seem to appoint a Singapore resident director,Rikvin can provide you with one through our Nominee Director service. The service could be temporary or lasting depending on your preferences.
3.Give a Singapore address since the registered address for the company. Alternatively, you may also engage a Registered Address service through Rikvin.
Foreign individuals and companies get a choice of setting up a Subsidiary Company, Branch Office or even a Representative Office in Singapore. You have the substitute for choose to set up a company and relocate to Singapore or run your company operation and never have to relocate to Singapore. iIf you want to relocate management staff from your own home country to manage the company's operations in Singapore, you will have to submit an application for a jobs Pass. Keep in mind that a jobs Pass application may be only filed after registration of the company.
Additionally, 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 should have a Singapore registered office address
Other details to take into account before incorporation:
1. Company Name: The business name has to be unique and desirable.
2. Shareholders: At the least one or more corporate or individual shareholding is needed.
3. Resident Directors: At the least one or more director who should be an "ordinarily" resident in Singapore.
4. Company Secretary: The business secretary has to be a natural one who can be 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 a currencies.
6. Registered Address: The registered address has to be a physical address and can't be a PO Box. Usage of residential address is allowed for certain types of business.
