Singapore is well known for being able to supply superb value of items and services from all kinds of commerce to localized residents and foreigners worldwide. With unrelenting drive in the direction of excellence in registration of businesses in Singapore procedures, Rikvin-a premier enterprise registration firm in Singapore, is undoubtedly one of the major contributors of the firm and growing economy in Singapore.
Rikvin aspires to sustain their excellent business registration services by supplying concise registration obligations and process flow to localized and foreign applicants, assisting applicants examine and recognise registration needs and by adhering devotedly to the incorporation’s rules and regulations.
In here, we will be discussing some details that would be useful to individuals or businesses who want to list a business in Singapore. Below are some key data one should take note:
Company title. Prior to incorporation of the Singapore business, an acceptance of company name should first take place.
Directors. A minimum of one resident director is obligatory. A Singapore business can assign as many added directors as he/she likes may it be a local or foreign. It is vital that directors should be at smallest 18 years of age and have not been undischarged in bankruptcy or convicted for any malpractice in the past.
Shareholders. At minimum of 1 to 50 shareholders is the limited number of a Singapore private limited business. A director and shareholder can be the same or distinct person. Additionally, incorporating company Singapore can be an individual or another lawful entity such as another business or trust. Also, there is an allowance of up to 100% local or foreign shareholding.
Business secretary. Every company should assign a qualified company secretary within 6 months of its incorporation as stated in Section 171 of the Singapore Companies Act. The secretary of the company should be a natural individual who is usually an inhabitant in Singapore.
Paid-up Capital. Minimum paid-up capital for registration of a Singapore business is S$1. Paid-up capital (also renowned as share capital) can be bigger anytime after the incorporation of the business. There is no notion of Authorized Capital for Singapore companies.
Registered Address. In order to list a Singapore business, you should supply a localized Singapore address as the listed address of the company. The registered address must be a physical address (can be either a residential or commercial address) and cannot be a PO Box.
Taxation. The most important advantage that Singaporean registered businesses relish is the very appealing tax exemptions and incentives. The above-mentioned is the convincing reason why entrepreneurs worldwide choose to incorporate a company in Singapore.
The aforementioned data are useful, although if you need farther guidance and information, please feel free to call any authorized enterprise registration firm for a consultation and very simple method of registration.