Asiabizservices Singapore Company Registration Services
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.
Here we’ve provided extensive information – from the registration process to post-incorporation compliance requirements – that will help you learn more about the end-to-end process of incorporating a business in Singapore.
According to The Singapore Companies Act, all non-Singapore Corporation and individuals who wish to set up a company in Singapore are required to register the company through a professional firm. The following conditions must be met in order to incorporate a Singapore company:
- Minimum 1 Shareholder + 1 Director + 1 Company Secretary
- A Singapore-registered office address
- Minimum of S$1 initial paid-up share capital
Engage a Professional Firm: In order to set up a company in Singapore, foreign individuals and corporations must engage a professional firm that specializes in Singapore company incorporation
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.
Asiabizservices 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.
Your new company’s registration can be broken down into two essential steps.
- Company Name Approval
- Company Incorporation
The name you have chosen for business must first be approved by the Company Registrar before you can incorporate your company. 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. The name approval process can be delayed for 1-2 weeks if the name is referred to an external authority.
Resource Box:
Asiabizservices is the leading Singapore Branch Office Registration Services Specialists. It has successfully helped thousands of foreign entrepreneurs manage their Singapore company name check. Our office is located at Raffles Place, in the heart of the Singapore business district (“CBD”). One of our invaluable services is to provide Singapore shelf companies for clients with specific requests. Each of these shelf companies meets all the necessary requirements and can be purchase for immediate operation. If you’re in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.
Our phones are answered during business hours by specialists and not by
an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.
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