How to incorporate a company in Singapore?

2 mins video Singapore is one of the world's leading international financial centres, third most globalized economy among 60 of the world’s largest economies, a major capitalist service economy characterized by low taxation and free trade. Singapore is the best ease of doing business over the world as World Bank. Singapore private limited company is most popular and easier for foreigner.All business and bank account outside Singapore is tax-free (Offshore Status), Singapore company formation requires a minimum of one Local Director who is Singaporean citizen.How to incorporate a company in Singapore? Singapore Private Limited Company Formation (Pte. Ltd), initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 3 working days or 2 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in Singapore Corporate Regulatory Authority (ACRA) system. Our services included Local Secretary who is local Singapore citizen. You settle the payment for Our Service fee and official Singapore Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account See more : Payment Guidelines After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Singapore Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).You can open bank account for your company in Singapore, European, Hong Kong or other other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.Your Singapore Pte. Ltd formation completed, ready to do international business!Read more: Singapore company formation Singapore offshore bank account×How it works?

What are the names that are prohibited to use for Singapore Company?

Are there any restrictions on company name in Singapore?While you can easily register for a new business in Singapore, you should be careful when choosing your company name. It is advisable to perform a name check to make sure that your company name can be approved for registration by the Singapore Accounting and Corporate Regulatory Authority (ACRA) in the first place. Here are the applicable restrictions for a new company name in Singapore. Undesirable. Your company name will be rejected if it contains offensive or vulgar words; Identical to an already available company name in Singapore Identical to an already reserved company name. There are companies in Singapore that have not been incorporated but have already registered their business name as a reservation to ACRA. Business names are reserved for at least 60 days, and up to 120 days. This is why anyone who plans to set up a new business in Singapore must perform a proper company name check. Prohibited by order of the Minister for Finance. The word Temasek is prohibited to be used as a company name. Currently, this is the only word which the Minister has directed the Registrar not to accept for registration.. Certain words such as “bank”, “insurance”, “university”, and “education” are not in the criteria for Singapore company name restrictions, but are strictly used under Government authorities and will require permission before you can set up a new business.

What is the required documents for incorporation of a company Singapore?

Recently, incorporating a Singapore company is one of the most popular business options for sea changers. In addition, the Singaporean Government brings attractive tax incentives for startups and preferential policies which help them during their initial days.However, the process of incorporating a Singapore company could be a burden for foreign business, as there are a few required documents that need to be filled and submitted to the Government. To shorten the process, foreign investors usually hire a corporate service provider to help incorporate a Singapore company for them. Registering for a company in Singapore is simpler than ever with the support of One IBC. We have a local office in Singapore and a team of experts, these professionals can guide you through the procedure for the Singapore company registration, saving valuable time & money.Here are required documents for incorporating a Singapore company: Director/Shareholder's Passport(s) Director/Shareholder's Residential Address Proof(s) (for example: Electricity/Water/Phone bill...not older than 03 months)

How long can a Work Permit holder stay in Singapore?

The duration of the Work Permit (WP) in Singapore is typically 2 years, depending on the worker's working time, security bond, and passport validity, whichever is shorter.As long as the Work Permit is valid, the holders can stay in Singapore to work in the occupation and for the employer specified in their Work Permit card.

What is the minimum share capital requirement for a PLC in Singapore?

In Singapore, public limited companies (PLC) are typically required to maintain a minimum registered capital of S$50,000 or its equivalent in any currency. It's crucial to distinguish between authorized capital and paid-up capital.Authorized capital signifies the maximum share capital a company is permitted to issue, while paid-up capital represents the actual amount of share capital that shareholders have contributed.Furthermore, it's worth noting that the minimum paid-up capital requirements can vary based on the nature of the business and industry. Certain businesses, particularly those necessitating licenses from government agencies, may be subject to higher paid-up capital prerequisites.Paid-up capital holds particular significance for entrepreneurs seeking to register a PLC in Singapore. It serves as a financial resource that can cover operational expenses without relying on reserves or external borrowing. Additionally, a higher paid-up capital can enhance the company's perceived credibility and standing.Contact us Offshore Company Corp to get a consultation for company formation in Singapore!

How many types of business entities in Singapore?

In Singapore, there are several types of business entities that individuals and companies can choose from, depending on their specific needs and circumstances. The most common types of business entities in Singapore include:

Sole Proprietorship: A business owned and operated by a single individual. The owner is personally liable for the business's debts and obligations.
Partnership: A business structure where two or more individuals or entities come together to run a business. There are two main types of partnerships in Singapore: general partnerships and limited partnerships.
Limited Liability Partnership (LLP): An entity that combines the features of a partnership and a company. In an LLP, partners have limited liability for the debts of the business.
Private Limited Company (Pte Ltd): A separate legal entity with limited liability for its shareholders. It is one of the most common business structures in Singapore.
Public Limited Company: A company that can offer shares to the public and is typically used for larger businesses.
Exempt Private Company (EPC): A type of private limited company with restrictions on the number of shareholders (up to 20) and transferability of shares.
Company Limited by Guarantee: Typically used by non-profit organizations, where members guarantee to cover the company's debts up to a specific amount.
Subsidiary Company: A company that is a subsidiary of a foreign corporation, often used by multinational corporations to conduct business in Singapore.
Representative Office: A business structure that allows foreign companies to engage in market research and promotional activities but not to conduct commercial operations.
Office: A foreign company's extension in Singapore, which can engage in commercial activities.
Limited Partnership (LP): A type of partnership where there are both general partners (with unlimited liability) and limited partners (with limited liability).
Variable Capital Company (VCC): A relatively new corporate structure introduced in Singapore, primarily used for investment funds.

Each of these business entities has its own advantages and disadvantages in terms of liability, taxation, and regulatory requirements. The choice of the most suitable business structure depends on the specific goals and needs of the business owner or organization. It is advisable to consult with legal and financial professionals when deciding on the appropriate business entity for your situation.

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