Asia Gateway

Company Incorporation in Singapore

Singapore is currently the ultimate country to set up a company for expansion of global business. Because of its strong trade and investment policies, it’s one of the world’s easiest places to do business. For the owners of the company, Company registration is mandatory.Company registration in Singapore is extremely easy and cheap. As per the law in Singapore,Foreigners or foreign corporate entities are not allowed to self-register a Singapore company. You must hire a competent professional firm for your Company registration in Singapore.

Benefits of incorporating a company in Singapore

Here are some of the factors that make Singapore the most popular destination in the world for business owners:

• A powerful economy with a developed capital market and financial system.
• Reasonable tax system with low tax rate,
• An efficient process for establishing and operating a new company.
• Strategic geographical location and good infrastructure.
• Fully trained and productive workforce,
• There are no restrictions on repatriation of profits or capital imports
• A stable political and economic environment with minimal laws, regulations and corruption.
• Excellent quality of life.

How to register a company in Singapore?

The process of registering a company in Singapore is completely online and involves the following steps.

STEP 1: APPROVAL OF COMPANY NAME

The Singapore Government must necessarily approve the company name that you choose before you can register it.
Choose a name i.e. Unique, simple, easy to pronounce and does not have any spellingmistakes.

STEP 2: REGISTRATION OF THE COMPANY

Once the company registrar approves the company name, the incorporation process begins. Asia Gateway ensures that all documents are complete according to law. All directors and shareholders of the company must sign the form. A government fee of S $ 300 must be prepaid to the service company’s registrar.

Documents required for registering a company in Singapore

For registering your company in Singapore, we will require the following documents from your end.

• Company Name
• Brief Description of Business Activities
• Shareholders Particulars
• Directors Particulars
• Registered Address
• Company Secretary Particulars
• Memorandum of Association(MOA)
• Articles of Association (AOA).

On-Residents (Foreigners) – Copy of passport, overseas residential address proof, and other KYC details such as a bank reference letter, business profile, etc.Singapore Residents – Copy of Singapore identity card.

Checklist for registering a company in Singapore

Some important details of company you must know at the time of registration :

COMPANY NAME :

Before registration of the company, it is mandatory to obtain approval of the company name from the concerned authority.

DIRECTORS :

All the directors of the company must complete 18 years of age and should not have any criminal or police records. It is mandatory to have at least one director who is a resident of singapore and has a valid employment/dependent pass.

SHAREHOLDERS :

For a Private Limited Company in Singapore, the minimum number of shareholders required is one and the maximum is fifty. Even after registration of the company, issue or transfer of shares to the shareholders is permitted.

COMPANY SECRETARY :

Within six months of incorporation of the company it is mandatory to appoint a qualified company secretary.

PAID-UP CAPITAL :

The company must have a minimum of S$1 in paid-up capital, the amount can also be increased anytime after incorporation. Singapore companies do not use authorized capital.Thus, the capital can be Ordinary shares, preference shares or other shares.

REGISTERED ADDRESS :

Every company needs a local business address. In the future, people concerned can contact the company through it.

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