SINGAPORE COMPANY REGISTRATION
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HOW TO REGISTER COMPANY IN SINGAPORE? SINGAPORE COMPANY REGISTRATION IS QUICK, EASY AND CAN BE MADE ONLINE WITH LEGALTOAST IN JUST 3 SIMPLE STEPS:
BENEFITS OF SINGAPORE COMPANY REGISTRATION
Some factors that make Singapore the favourite destination in the world for company owners are mention below:
- A dominant marketplace with well-developed capital markets and financial systems.
- A standard tax system with low tax rates,
- An effective process for incorporating and managing a new company.
- Significant geographical location and excellent infrastructure.
- Well-trained and productive workforce.
- No limitations on repatriation of earnings or import of capital,
- There is a stable political and economic environment with strong adherence to the laws, regulations, and most minor corruption.
- The excellent condition of life.
HOW TO REGISTER COMPANY IN SINGAPORE?
To register a Singapore company, the method you need to follow is entirely online. Below are the steps to follow.
Step 1: Get Your Company Name Approved
The company you choose needs to be approved by Singapore before you get the name registered. It would help if you chose a different, simple, easy-to-pronounce name, and it does not contain any spelling mistakes.
Step 2: Get The Company Registered.
The incorporation process will start once the Registrar approves your selected company name of Companies. At legaltoast, we assure you that all documents are complete when we submit your documents for the incorporation process as per the law. All the directors and part-owner of the company need to give their signature on the form. Must pay a government fee of Singapore $300 to companies’ Registrar for their services.
REQUIRED DOCUMENTS FOR COMPANY REGISTRATION IN SINGAPORE
The certificates mentioned below are necessary for Singapore Company Registration :
- Company Name that the Singapore government approves
- An Introduction to your Company Activities
- List of Shareholders
- Company Specifications
- List of Directors Specifications
- Company Registered Address
- Company Secretary Specifications
- Memorandum of Association(MOA)
- Articles of Association (AOA).
On-Residents (Foreigners) – Copy of passport, abroad residential address proof, and other KYC details such as a bank reference letter, company profile, etc. Singapore Residents – Copy of Singapore identification card.
REGISTER COMPANY IN SINGAPORE:
It is necessary to get your company name approved by India and Singapore’s concerned authority. Before registration of the company.
It is necessary for all the company directors to be 18 years or above and not hold any criminal or police records. So it is required to keep one director who is a Singapore citizen and has a valid employment/dependent pass.
In Singapore, the minimum and the maximum number of shareholders required for a Private Limited Company are one and fifty, respectively. The issue or transfer of share are allowed even after the registration is done.
It is required to appoint a certified and well-qualified company secretary Within six months of incorporating a company.
The company needs to have a minimum of S$1 in paid-up capital; it can increase the amount anytime after incorporation. Singapore companies do not use authorized capital. Thus, the money can be Frequent shares, preference shares, or other shares.
All companies must have a local company address. So, in future concerned person can communicate the company through it.
FAQs on Online Company Registration
No, new company registration is a fully online procedure. As all files are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
The Registrar of Companies (RoC) around India anticipates candidate to follow a few naming guidelines. A number of them are subjective, which means that approval can be contingent on the view of the officer handling your program.
On the other hand, the more closely you follow the rules, the better your chances of approval. To begin with, but do make sure that your name is available.
All directors must provide address and identity evidence, as well as a replica of the PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate has to be filed by the owner of the registered office premises.
The DSC is an electronic chin issued by certifying authorities (TCS and n-Code are two of them) by which you'll be able to sign digital documents. As all files needed are electronic, every partner needs a DSC.
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