Owing to the rapidly growing infrastructure, minimal bureaucracy and flexible tax system, Singapore is one of the most favourable cities in Asia to start a business and own a company. The government in Singapore is mindful towards businessmen and therefore, many leading businessmen prefer starting their Asian business from this prestigious city. There are extremely few restrictions for company registration in Singapore and the city also offers excellent laws to protect intellectual property, ensuring your company is safeguarded at all times.
In order to get your company registered in Singapore, you must have the following:
• Minimum one Shareholder – For a Private Limited Company, this is the basic requirement and it allows you to have 100 per cent foreign ownership either by an individual or a legal entity.
• One Director must be a Local – At least one director should be a Singapore resident, a Singapore Permanent Resident (PR) or a foreigner with an EP (Employment Pass)
• One Corporate Secretary – The company must have at least one Singaporean resident and should be qualified with experience to maintain and control documentation as per the Singaporean law.
• Capital – There is no requirement to have a certain amount of paid-up capital to register your company. You can even start a company with one Singapore dollar. The share capital of the company can be held in any currency.
• Locally Registered Office Address – In order to register a private limited company, a local office address is mandatory. A post office box address is not permitted.
If you want to register your company, you can get a business consultant in Singapore to help you with the documentation and start functioning at the earliest!
In order to get your company registered in Singapore, you must have the following:
• Minimum one Shareholder – For a Private Limited Company, this is the basic requirement and it allows you to have 100 per cent foreign ownership either by an individual or a legal entity.
• One Director must be a Local – At least one director should be a Singapore resident, a Singapore Permanent Resident (PR) or a foreigner with an EP (Employment Pass)
• One Corporate Secretary – The company must have at least one Singaporean resident and should be qualified with experience to maintain and control documentation as per the Singaporean law.
• Capital – There is no requirement to have a certain amount of paid-up capital to register your company. You can even start a company with one Singapore dollar. The share capital of the company can be held in any currency.
• Locally Registered Office Address – In order to register a private limited company, a local office address is mandatory. A post office box address is not permitted.
If you want to register your company, you can get a business consultant in Singapore to help you with the documentation and start functioning at the earliest!