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Key Corporate Features & Document Requirements for Singapore

Updated time: Dec 9, 2015 , 11:27 (UTC+08:00)

Singapore

General
Type of entity Resident/Non Resident:
1. Exempt Private Company – 50 members or less
2. Public Company – can have more than 50 members
Type of law Common
Our time to establish a new company Normal with 3 working days or 2 working days in urgent
Minimum government fees (excluding taxation) S$365
Corporate Taxation Varies
Double taxation treaty access Yes
Share Capital or Equivalent
Standard currency SGD$
Permitted currencies Any
Minimum number of issued shares One
Directors or Managers
Minimum number One
Local required Yes - One
Publicly accessible records Yes
Location of meetings Anywhere
Members
Minimum number One (Corporation or Individual)
Publicly accessible records Yes
Location of meetings Anywhere
Company Secretary
Required Yes
Local or qualified Yes
Accounts
Requirement to prepare Yes
Audit requirements Yes but there are exemptions
Requirement to file accounts Yes but there are exemptions
Publicly accessible accounts Yes but there are exemptions
Other
Requirement to file annual return Yes
Change in domicile permitted No

Documents required from customers

  • Passport of each shareholder/beneficial owner and director
  • Proof of residential address of each director and shareholder (Must be in English or certified translation version)
  • The proposed company names
  • The issued share capital and par value of shares


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