Rikvin Your Choice for Singapore Company Setup
The most common type of business registered in Singapore is the Private Limited Company because this kind of business structure assures potential for growth through tax incentives and exemptions as well as guarantees protection of the personal assets of shareholders.
In order to help you learn more about the end-to-end process of incorporating a business in Singapore, we have provided extensive information – from the registration process to post-incorporation compliance requirements.
The Singapore Companies Act requires all non-Singapore Corporation and individuals who wish to set up a company in Singapore to register the company through a professional firm. To incorporate a Singapore company, you’ll need to meet the following conditions:
- Minimum 1 Shareholder + 1 Director + 1 Company Secretary
- Company must have a Singapore-registered office address
- Minimum initial paid-up share capital is S$1
Engage a Professional Firm: Foreign individuals and corporations must engage a professional firm that specialises in Singapore company incorporation to set up a company in Singapore.
Work Visa for Foreign Individuals: Two types of work pass are available to foreign individuals who wish to relocate to Singapore to run their company operations
Work Visa for Foreign Company: Foreign companies that plan to relocate their management staff to operate their companies operation must apply for Employment Staff for their staff.
Setup without Relocation: Foreign individuals and corporations that do not intend to relocate to Singapore to operate the company must appoint a Singapore Resident Director as required by the Singapore Companies Act.
The company registrar requires the following information for company incorporation:
- Company Name
- Brief Description of Business Activities
- Shareholders Particulars and the percentage of shareholdings
- Directors’ Particulars
- Registered Address
In order for us to prepare the necessary company incorporation paperwork, we will require you to submit the following documents:
For Non-Residents: Copy of passport and proof of overseas residential address.
For Singapore Residents: Copy of Singapore identity card.
For Corporate Shareholder: A certificate of incorporation of the parent company, extract from the Registrar of Companies that shows the current registered address and directors of the parent company, and the Memorandum & Articles of Association.
Translated and officially-endorsed versions must be provided for all non-English documents.
Rikvin can efficiently incorporate your company in less than two hours provided all your documents are in place. The Singapore Registrar of Companies has already computerized the entire administrative process.
There are two essential steps involved in the registration of the new company
1. Company Name Approval
2. Company Incorporation
Before you can incorporate your company, the Company Registrar must first approve the name you’ve chosen for your business. Unless your company name requires a review from corresponding external authorities for businesses such as banks, law firms, media companies, or educational institutes, this step is generally concluded within an hour. If the name is referred to an external authority, the name approval process can be delayed for 1-2 weeks.
Rikvin has effectively facilitated Singapore company setup , Income tax Singapore and form a Singapore company for both non-resident and resident financiers build business firms in Singapore.
Incoming calls in our phones are answered by live persons and not by an answering machine. We recognize the importance of your time and we are aware that technology cannot replace a person most especially, when we need to make vital business moves. If you are interested in learning more about Rikvin’s Services kindly email us at info@rikvin.com or give us a call at +65 64838887.
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