subject: How To Incorporate a Singapore Company Overseas [print this page] How To Incorporate a Singapore Company Overseas
Incorporating a Singapore company may sound complicated especially if you are not a local resident of Singapore. This is one of the main reasons why the government of Singapore requires foreign entrepreneurs to employ the services of a professional company incorporation firm. This way, investors would start experiencing the business-friendly environment of the country and they will be able to focus on the main business objectives --- which is to start business operations, establish market and start receiving return on investment.
Below are the things that foreign investors should know prior to setting up a Singapore company:
Engage a Professional Firm: Foreign corporations and individuals must engage a professional firm that specializes in company incorporation in Singapore to set up a company.
Work Visa for Foreign Individuals: Foreign individuals who wish to relocate to run their new Singapore Company operations have two types of work pass to choose from, Singapore Employment Pass and EntrePass.
Work Visa for Foreign Corporation Management Staff: Foreign Corporation that plans to relocate their management staff to Singapore to run their new Singapore company setup must apply for Employment Pass.
Foreign Individuals/Corporation Not Relocating to Singapore: Foreign Individuals and corporations that do not intend to relocate to Singapore to operate the company must appoint a Singapore resident director in accordance with the Singapore Companies Act.
In addition, the minimum requirements should also be complied:
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
When company incorporation is completed, you must comply with the statutory requirements set by Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS). This strict compliance will save anyone from legal consequences that is already outlined by ACRA and IRAS.
Now, if you are looking for a reliable company incorporation firm, you can contact Rikvin, leading company incorporation firm and corporate solutions provider of Singapore and see the unique and quality company registration service that they offer!
Rikvin provides a complete range of services that you need when you incorporate a Singapore company or start a Singapore company. Their office is located at Raffles Place, in the heart of the Singapore business district. Clients are invited to either visit their office (see map) or call them at +65 6438 8887 to discuss their specific requirements.
