Singapore Company Registration

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Singapore is a popular destination for Indian entrepreneurs looking to expand their businesses globally. The country is renowned for its business-friendly environment, excellent infrastructure, and supportive government policies. Singapore is also a hub for global trade and has a well-developed financial and legal system. So, it is a better idea to set up and register a business in Singapore to get all the benefits it entails. IndiaFilings experts help you navigate all the legal regulations and streamline Singapore company registration with expert guidance.

Types of Companies in Singapore

Before we delve into the Singapore company registration process, it is essential to understand the types of companies that can be registered in Singapore. The two most common types of companies are Private Limited Companies (PLCs) and Limited Liability Partnerships (LLPs).

A Private Limited Company is the most common business structure in Singapore. It is a separate legal entity from its owners and shareholders and provides limited liability protection. An LLP, on the other hand, is a partnership where each partner has limited liability protection. It is a popular option for professional services firms when it comes to business registration Singapore.Criteria for Singapore Company Registration

If you are considering setting up a company in Singapore, it is crucial to understand the criteria for business incorporation Singapore.

1. Company Name

The first step in registering a company in Singapore is to choose a name for your company. The name must be unique and not already in use by another company. The name must also not be offensive or infringe on trademark or copyright laws. You can check the availability of a company name through the Accounting and Corporate Regulatory Authority (ACRA) website.

2. Directors

A company in Singapore must have at least one director who is a Singaporean citizen, permanent resident, or Employment Pass holder. The director must be at least 18 years old and not bankrupt or convicted of criminal offenses. A foreigner wishing to be a director of a Singaporean company must obtain an Employment Pass.

3. Shareholders

A company in Singapore must have at least one shareholder, and there is no limit to the maximum number of shareholders. A company can have up to 50 shareholders, who may or may not be directors. The shareholder can be an individual or a corporate entity. The shareholder is not required to be a resident of Singapore.

4. Company Secretary

Every company in Singapore must appoint a company secretary within six months of the company incorporation Singapore. The company secretary must be a resident of Singapore and cannot be a director or shareholder.

5. Registered Address

A company in Singapore must have a registered address, which must be a physical address and not a PO Box. The registered address must be a place where official correspondence can be sent and where company records and registers are kept.

6. Paid-up Capital

A company in Singapore must have a minimum paid-up capital of S$1. The paid-up capital can be increased at any time after company incorporation Singapore.

7.Incorporation Documents

To register a company in Singapore, you will need to prepare and submit the following documents:

Directors’ and Shareholders’ Particulars
Company Name Approval
Company Registration Form
Memorandum and Articles of Association
Company Secretary’s Particulars
Business Licenses and Permits
Bank Account Details

After submitting the prescribed documents and all the necessary legal processes, business registration Singapore will be completed.

Documents Required for Business Registration Singapore

These are the necessary documents required to register a business in Singapore.

1. Directors’ and Shareholders’ Identification Documents:

One of the primary requirements for company registration in Singapore is submitting identification documents for all directors and shareholders. For Indian nationals, this includes a copy of their passport, proof of address, and any other identification documents issued by the Indian government. The documents must be certified by a notary public, advocate, attorney, or certified public accountant.

2. Company Name Approval

Business owners must choose a unique company name that is not already in use. Entrepreneurs should ensure that the company name is not offensive, prohibited, or similar to any existing business name. The registration documents should also include a brief description of the company’s intended activities.

3.Company Registration Form:

The Singapore Registrar of Companies (Accounting and Corporate Regulatory Authority (ACRA)) issues a Certificate of Incorporation when a new company is registered. The certificate acknowledges that the business was established or incorporated on the specified date. Additionally, it demonstrates that all legal conditions to register a business in Singapore have been met.

4. Memorandum and Articles of Association:

The Memorandum and Articles of Association (M&AA) are legal documents that outline the company’s objectives, rules, and regulations. They also define the company’s structure, share capital, and management structure. Entrepreneurs should ensure that the M&AA is in compliance with Singapore’s Company Law and that all the shareholders sign it. The M&A must be filed with ACRA during the company registration process.

5.Appointment of Company Secretary:

Singapore law requires that every company must appoint a company secretary within six months of incorporation. The secretary should be a resident of Singapore and must have the necessary knowledge and experience to fulfill their duties regarding company incorporation Singapore. Entrepreneurs can engage a professional company secretary to fulfill this requirement.

6.Business Licenses and Permits:

Certain business activities require specific licenses and permits before they can be legally carried out in Singapore. Entrepreneurs should research the applicable licenses and permits for their business activities and ensure they obtain them before commencing operations.

7.Bank Account Details:

Finally, entrepreneurs should provide the company’s bank account details as part of the registration process. The bank account should be opened with a local Singapore bank and in the company’s name.

Ensure to have these documents before proceeding to the business incorporation Singapore.

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