Singapore Company Registration Becomes Effortless with SBS Consulting
Singapore is the world’s easiest place to do business. Any person above 18 years of age can incorporate a Singapore Company. “If all the documents of a company are in place, then we can get the company registered in less than 24 hours,” says SBS Consulting. Majority of companies in Singapore get registered as limited liability companies, commonly known as private limited companies. There is also a provision of setting up a limited liability partnership or a sole proprietorship. “The requirements for Singapore company registration are very nominal. To start with, one local director, who is also a Singapore resident, is required. A person having a PR or an employment pass is also eligible for the director’s post,” said the spokesperson of SBS Consulting. Apart from the one requirement given above, for company incorporation Singapore, it also should have 1. 2. 3. 4. 5.
At least one shareholder, who need not be a Singapore resident. At least one company secretary Minimum paid up capital of S$1 A desirable business name A registered business address
SBS Consulting also added that, “same person can hold the shareholder and the director’s post for a business, or it can even be two different people”. A legal entity such as another company or even a trust can play the role of a shareholder. In addition, 100% foreign shareholding is also allowed. However, if a director is also acting as a shareholder, then he cannot act as a company secretary.” A company secretary must be hired within 6 months of incorporation, and he/she must be a Singapore resident. As per Section 171 of the Singapore Companies Act, it is mandatory to hire a company secretary within 6 months of new company setup in Singapore. “Speaking of company address, the incorporating company should provide a physical address and not a P. O. Box,” said the spokesperson of SBS Consulting in his concluding statement.
About SBS Consulting: Since 2010, SBS Consulting has been the leading company incorporation services providing firm in Singapore. It feels proud to be associated with and have served many national and international clienteles. The team of experts at SBS always ensures that the services provided are simple, straightforward, and customized to suit the specific requirements of a business. Other than incorporation services Singapore, SBS Consulting also provides services in the field of corporate secretarial, Singapore tax service, bookkeeping, accounting, payroll, auditing, immigration and provision of work visas.
Contact: Meena SBS Consulting Pte Ltd 35-B Hongkong Street, Singapore - 059674 Tel: +65 67289142 Email: firstname.lastname@example.org Website: http://www.sbsgroup.com.sg/