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Singapore Company Registration Guide and Tips

Singapore Company Registration Guide and Tips

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Published by Charlie Paule
Singapore Company Registration Guide and Tips
Singapore Company Registration Guide and Tips

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Published by: Charlie Paule on Feb 08, 2011
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02/08/2011

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www.e-sandhurst.com
2011
Singapore CompanyRegistration
Latest Guide and Tips
Sandhurst Consultancy Pte Ltd
 
www.e-sandhurst.com
 
Requirements For Private Limited Singapore CompanyRegistration
Two types of businesses can be registered in Singapore. The first and theeasier to register is the sole proprietorship, which, as the name indicates, isowned by only one person. The other type is the private limited companywhich must have less than 50 shareholders, and which needs to fulfill severalSingapore company registration requirements.
Singapore company registration
, both for single proprietorship or for privatelimited companies, requires a business name to be registered and theapplication of incorporation. The paid-up capital for both types of business isthe same
S$1. This is what most green horns in establishing a business
appreciates in Singapore’s pro
-business environment.Singapore company registration is filed with the ACRA, or the Accounting andCorporate Regulatory Office of Singapore. ACRA plays the role of theregulator of all the businesses and of the accountancy profession in thecountry.For private limited companies, Singapore company registration has thefollowing requirements:1. Business name and application of incorporation. The business nameshould not be an existing and already registered name, should not containany vulgar expression, and should not be restricted by the Minister for use bythe public.2. The company has to have at least one shareholder and one director, whocan be the same persons, although most financial institutions require twosignatories so it is best to elect a separate shareholder and director among allshareholders which can be up to 50.
 
www.e-sandhurst.com
 
3. One of the directors must be at least 18 years old, a Singapore citizen orpermanent resident, an Employment pass, Approval-in-Principal Employmentpass, or a dependant pass holder.4. A physical business address must be provided. A P.O. Box is not accepted.5. The private limited company has to have a dedicated and competentsecretary within 6 months of the registration. He or she is supposed to beknowledgeable of the administrative requirements of the business.As with any application, Singapore company registration can be simplified,seamless, and stress-free if all the requirements are in order. Serviceproviders facilitate this in sure-fire ways. This will then assure businessowners of a timely processing at agreed-upon service fee, something that isimportant especially for those who have a conservative beginning capital andwho desire to start operating as a legal business entity the soonest time.
Company Registration Singapore: Water Business Seen To Boom In2015
Singapore clinched the fourth spot in the recently released report on theGlobal Financial Index, which still maintains London, New York, and HongKong on the top three posts. Tokyo has the fifth spot. Interestingly, bothSingapore and Hong Kong do not come far off London and New York in thelong-
held top two positions as the world’s biggest financial centres.
 No wonder, many businesses are keen on launching their headquarters inSingapore. This is especially because company registration Singapore offersis in an environment that is not averse to innovation or risk-taking. Instead, the
Singapore government’s corporate regulatory body, the ACRA, plays a
facilitative and not a forbidding role for businesses seeking to be establishedin this Asian power economy.Company registration Singapore requirements are streamlined. A soleproprietorship or private limited company only needs to register a businessname and apply for incorporation for a minimal fee. If all documents aresubmitted in order, the two processes can be accomplished in less than onehour. Moreover, businesses need only a paid-up capital of S$1 to beregistered.

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