A FREE Guide On Setting Up Business In Singapore
Basic Requirements to Register A Company
The following are the basic requirements to register a company in Singapore:
1) Company Name
The company name must be approved before you can register your company. This typically takes 2-3 hours if there are no problems, e.g. conflicts with existing names. Biz File, ACRA's business portal, provides a name search function to facilitate this.
There must be a minimum of 1 resident director. A resident is defined as a Singaporean citizen, Singaporean PR or someone who has an Employment Pass, EntrePass or Dependant Pass. Directors must be at least 18 years of age, not a bankrupt and free from any past convictions. Directors may not necessarily be shareholders in the company.
A minimum of 1 shareholder to a maximum of 50 shareholders in the company - can be a person or any legal entity. 100% local or foreign shareholding is allowed.
4) Company Secretary
Every company must appoint a Company Secretary within 6 months of its incorporation, who must be a natural person and resident in Singapore. If the company has only 1 director/shareholder, that same person cannot act as the Company Secretary.
5) Paid-up Capital
The minimum paid-up capital to register a company in Singapore is S$1.
6) Registered Address
A local address must be provided at the registered address of the company. This can be a commercial (physical rented office or shared/virtual office) or residential address.
1. Benefits of having a company incorporated in Singapore.
2. Basic requirements to register your company.
3. Documents required for company registration.
4. Procedure for registering a company in Singapore.
5. What else to do after incorporating your company.
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