Requirements For Private LimitedSingapore Company Registration
Two types of businesses can be registered in Singapore. The firstand the easier to register is the sole proprietorship, which, as thename indicates, is owned by only one person. The other type is theprivate limited company which must have less than 50shareholders, and which needs to fulfill several Singapore companyregistration requirements.
Singapore company registration
, both for single proprietorshipor for private limited companies, requires a business name to beregistered and the application of incorporation. The paid-up capitalfor both types of business is the same
S$1. This is what mostgreen horns in establishing a business appreciates in Singapore
spro-business environment.Singapore company registration is filed with the ACRA, or theAccounting and Corporate Regulatory Office of Singapore. ACRAplays the role of the regulator of all the businesses and of theaccountancy profession in the country.For private limited companies, Singapore company registration hasthe following requirements:1. Business name and application of incorporation. The businessname should not be an existing and already registered name,should not contain any vulgar expression, and should not berestricted by the Minister for use by the public.2. The company has to have at least one shareholder and onedirector, who can be the same persons, although most financialinstitutions require two signatories so it is best to elect a separateshareholder and director among all shareholders which can be up to50.