Setting up private limited company in singapore

Setting up Private Limited Company in Singapore Service Being the Singapore’s most winning business form, Private Limited accumulates the major advantages that can boost a solid business with far-seeing plans. Setting up Private Limited Company in Singapore is a preferable way for serious foreign and local entrepreneurs who aim at expanding their businesses.

How to Set up Pte Ltd Company in Singapore?

Registration of private limited company in Singapore will be successful and hit the target if an entrepreneur considers some key factors and meets the basic Pte Ltd requirements: ● You have to be no younger than 18 YO in order to take part in the incorporation of private limited company in Singapore. ● Maximum number of shareholders for the Pte Ltd is 50; the minimum is 1. The paid-up capital has no limits, but it mustn’t be less than 1 Singaporean dollar. ● Company must have its unique business name that corresponds with the business’ philosophy and doesn’t sound indecent or similar to any other existing Singaporean firm’s name. This name must be selected before starting the business registration procedure. We will help you to secure the chosen name by reserving it for the required period of time. ● Opening Private Limited company Singapore requires having at least 1 local appointed director. You can select among adult (older than 18) Singaporeans or permanent residents. If finding such person is challenging for you, we will offer you one of our reliable candidates. You will be responsible for making all

crucial decisions and run your Singaporean business from abroad, but when you need to concentrate more power in your hands, you will need either the EntrePass or the Employment Pass for arriving in Singapore and substituting the local director. ● During the first half a year after the Private Limited Company incorporation Singapore, the firm must appoint a Singaporean secretary (local). We will help you to appoint this professional. ● Your new business in SG must be registered on a real local address. ● Some kinds of businesses require mandatory auditing. You can learn your individual requirements from our incorporation experts. ● Some business niches (like financial sector) are closed for registration before getting a special approval from the government. We will assess your case and help with getting the approval if needed. ● Getting a visa to Singapore isn’t required for the registration of the offshore company unless you aim at leading your company from inside. EntrePass allows you to arrive in the country before the company registration or within 6 months after it; however, obtaining this visa requires fulfilling lots of challenging criteria and commitment. In contrast to that, the Employment Pass is much easier to obtain, but the director must be hired by his own firm based on certain conditions. If shifting to Singapore isn’t in your plans, you can just remain the business owner, run it from abroad and visit the country briefly using an appropriate short-term visa to SG. Required Documents for ​Setting up Private Limited Company in Singapore

Registration at the ACRA requires the business owner to provide such data: ● Name of the company (should be checked beforehand) ● Short overview of the planned business activity ● Detailed information about the company’s shareholders ● Detailed information about the directors – 1 local and foreigners ● Detailed information about the secretary (local) ● Company’s registered address ● Standard MAA (Memorandum & Articles of Association) document Unless the documents you hold are in English, you must make professional translations and get them endorsed before submission. The paperwork for the SG Private Limited Company incorporation requires knowledge of government’s demands and is quite time-consuming. As you can see, it is associated with the name check, appointing local representatives and workers, and address registration, and, therefore, it is better to get the whole paperwork done by the same company that shoulders your incorporation. To enable us to assess your case deliberately and prepare the required package of papers, you need to provide us with such data about yourself: ● Shareholder who is a corporate body is asked to provide this company’s registration documentation.

â—? Singaporeans/PRs must provide copies of their ID cards. â—? Foreigners must provide copies of their passports, proofs registration, latest bank statements, and other personal information.

After you entrust us with your idea, you can sit back and wait Singaporean company to be incorporated accurately according to needs and the government’s rules.

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