subject: Company Name Search Before You Incorporate a Singapore Company [print this page] Company Name Search Before You Incorporate a Singapore Company
One of the primary concerns when setting up a new Singapore company is having a unique company name. On this page, we have outlined simple steps for company name check and necessary considerations for entrepreneurs who will incorporate a Singapore company. This will serve as an initial guide for both local and foreign entrepreneurs who would like to experience the business-friendly environment of the country.
Let us start with the company name check. A company name check is performed as an initial step to ensure that yourdesired proposed company name is available for incorporation in Singapore. When forming a Singapore company you must choose a unique name. No two companies registered at Accounting and CorporateRegulatory Authority (ACRA) may have the same name.
The three simple steps for incorporation are taken from Rikvin, leading company registration firm in Singapore:
Availability Check Rikvin's name check of your proposed company name/s will include name availability and conformity.This ensures that your proposed name doesn't violate any basic rules as laid out by the authorities.
Two-name choices Rikvin recommends that you provide them with two proposed company name choices. Where the first choice is not available; a check will be done on the alternate second choice.
Notification Rikvin will do a preliminary check to see if your preferred name choice is available.Receive an email alert on the outcome of the name check within the same business day.All information is kept confidential.
In addition, we are giving you the common requirements for Singapore company incorporation and the basic considerations that foreigners should be aware of.
Setup Requirements:
Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
Minimum initial paid-up share capital is S$1
Singapore Company must have a Singapore registered office address
Before Incorporation:
Company Name: The company name must be approved by ACRA before the Singapore Company can be incorporated.
Shareholders: A minimum of at least one corporate or individual shareholding is required.
Resident Directors: Singapore Private Limited Company must have at least one director who must be an "ordinarily" resident in Singapore.
Company Secretary: The company secretary must be a natural person who is an "ordinarily" resident in Singapore.
Share Capital/Paid-up Capital: The minimum paid-up capital for registration of a Singapore company is S$1 or its equivalent in any currencies.
Registered Address: Every company registered in Singapore is required to have a registered office address. The registered address must be a physical address and cannot be a PO Box.
Memorandum and Articles of Association: Memorandum and Articles of Association must be lodged with ACRA. Memorandum specifies the activities in which the company may engage whereas the Articles of Association specifies the rules governing the internal management of the company.
