Registration Guide to Setting Up a Company in Singapore
Setting up a company in Singapore is following a series of paperwork and documentation processes, which can be done seamlessly and rather quickly if you understand every step that you’re going through and what needs to be done. A successfully set up and properly structured company will be a and efficient tax corporate body.
What to do before you register your company
Before getting started on the registration process, ensure that you have all the following information listed below ready and prepared:
- Your company name – Check that is available and approved.
- Directors & Shareholders – Your company needs at least a minimum of one resident director. A private limited company can have anywhere from one to 50 shareholders, with the limit being 50.
- Registered address – You must have a local Singapore address that your company is registered to.
- Company secretary – Every company is required to appoint one qualified company secretary within the first six months of its incorporation, per the Singapore Companies Act.
- Engage a professional firm – This is applicable to foreign investors. As Singapore law does now allow foreign investors to self-register a company, they are required to engage the services of a professional firm to help with the registration process.
- Documents you will need – Company name, a brief describing your business and its activities, the shareholder’s and director’s particulars, a registered address, and the company secretary’s particulars.
What happens during the registration procedure?
The registration procedure to set up a company in Singapore is summarised in the following steps: