Singapore Company Registration: Guide to Company Incorporation

Singapore is a country that is regarded as open minded and multicultural. The country has been popularly known as the business hub because of what it has to offer to investors. This popularity and economic stability of Singapore attracted local and foreign businessmen and companies to start a Singapore company. You can start making a thorough research on the status and reputation of Singapore, if you are a businessman planning to establish a Singapore company. After gathering enough information on the country, you can already decide whether to proceed or not to proceed with your business plans. After having been able to arrive at a decision, please proceed reading since we will be providing you company registration Singapore guide that will let you know on main requirements and regulations for operating business in Singapore. Here are some main information for registering a company in Singapore: Company Name. Before being able to start incorporating a company in Singapore the company name must be approved. Directors. It is mandatory to have at least one resident director. A Singapore Company can appoint as many directors as he wishes since there is no limit on the number of additional local or foreign directors. Directors must possess some required attributes in order to be qualified such as he/she must be at least 18 years old and must not be have a history of undisclosed bankrupt or have not engaged in any illegal practices. Shareholders. A minimum of 1 to 50 shareholders are allowed in a Singapore private limited company. A director and shareholder can be the same or different person.The shareholder can be an individual or different legal entity like another company or trust. 100% local or foreign shareholding is allowed. Company Secretary. As per Section 171 of the Singapore Companies Act, every company must appoint a qualified company secretary within 6 months of its incorporation. The company secretary must be a natural person who is ordinarily resident in Singapore. Paid-up Capital. S$1 is the minimum paid-up capital for registration of a Singapore company. After the incorporation of the company, paid-up capital (also known as share capital) can be increased anytime. The concept of Authorized Capital for Singapore companies is no longer existent. Registered Address. In order to register a Singapore company, you must provide a local Singapore address as the registered address of the company. The registered address must be a physical address (can be either a residential or commercial address) and cannot be a PO Box. Taxation. Enjoying very attractive tax exemptions and incentives are among the benefits a Singapore registered companies received.One of the main reasons entrepreneurs from all over the world choose to form a Singaporean company was the aforementioned.