Way To Establishing A New Company In Singapore

How to Register a Company(types of companies in singapore)

To register a firm, one must go through the proper channels. This is a simple procedure that does not necessitate a significant amount of time. Company registration can go off without a hitch if all the required steps are taken. Before incorporating a business, an entrepreneur must decide what kind of company they want to form. The entrepreneur must proceed with the Company registration based on this. The process of forming a corporation provides a wide range of advantages. Company formation in Singapore also allows foreign firms to establish local branches.(types of companies in singapore)

Companies in Singapore: Their Various Forms(types of companies in singapore)

Companies in Singapore can be classified as one of the following.

A Limited Liability Corporation(types of companies in singapore)

A corporation that is not publicly traded is called a private limited company. In contrast to publicly traded corporations, private limited companies do not have their stock traded on the open market. If you’re looking to start a private company, you can have no more than 50 stockholders. Certain tax advantages are available to privately held businesses. In any case, a private corporation can go public if its owners so choose. There is a bare minimum requirement for directors and shareholders when forming a private limited company. A private limited company can have a corporation as a shareholder.

Limited Liability Corporation(types of companies in singapore)

Companies that meet the requirements to be considered “Exempted Private Companies” (EPCs) are also considered private companies. Nonetheless, an EPC may have no more than 20 stockholders. A company cannot be a stakeholder in an EPC. Therefore, only natural individuals are considered to be EPC members. An EPC may be a priest or pastor.

Share-Held Public Company(types of companies in singapore)

A corporation whose shares are traded on the Singapore Exchange is considered to be a public limited company. When there are more than 50 people who own shares in a corporation, it is considered public limited. A public limited business must have at least this many shareholders. Besides, a public limited company’s ability to issue shares and debentures for capital raising purposes. Moreover, a public limited company is required by the Monetary Authority of Singapore to prepare a prospectus before offering shares to the general public (MAS). Both the MAS and the ACRA are satisfied with this.

Public Limited Liability Company(types of companies in singapore)

There are parallels between this company structure and a nonprofit corporation. Members typically organise this type of Company to engage in charitable or other public purposes. This corporate structure does not include any physical shareholders. Alternately, there is a fixed number of people who are part of this group.

Why Should I Register, and What Are the Benefits?

An officially registered business enjoys many advantages:

Better Name Recognition

Companies in Singapore automatically enjoy the benefits of reputation once they are registered with the ACRA. Investors will see a company more favourably if it abides by local regulations.


The law is followed by all registered companies. Therefore, they would be shielded by intellectual property rules by default. Company goodwill and reputation must be safeguarded in accordance with applicable intellectual property rules. The Company may also file suit against other companies for violations.

Liability Restriction

By definition, shareholders and directors’ exposure is capped at the value of their holdings in a limited liability company. This indicates that the members’ liability is restricted to a specified amount. In this case, creditors will be unable to seize the members’ individual possessions.

Eternal Succession

The Singapore Companies Act grants the privilege of perpetual succession to any corporation that registers under its provisions. Consequently, the Company can function normally even in the absence of normal board and shareholder oversight and control. No directors or shareholders are necessary for the Company to continue operations. The Corporation is legally capable of forming contracts and acquiring assets. However, you must buy the land from the Company’s gentlemen. The Company is represented by its board of directors.

Who Is Responsible for Overseeing the Singapore Company Registration Process?

The Accounting and Corporate Regulatory Authority of Singapore is the primary government agency in charge of overseeing the incorporation of businesses in the country (ACRA). Chapter 50 of the Singapore Companies Act contains the rules governing the setup of new businesses in the country. In Singapore, a business must go through the ACRA, which serves as the registrar. A prospectus is required whenever an organisation with a public share offering wishes to do so. The MAS requires that the prospectus be written in a specific style.

Requirements for the Company Registration Process

Concerning the company registration process, please note the following:

A Company Called

There can’t be another company with the same name as the Company. The name needs to stand out from the competition to boost the Company’s credibility. According to the ACRA, the company’s name must meet several criteria. The Company’s name must be registered through ACRA’s online system. “BizFile+” is the name of this website.


Every Singaporean company needs at least one director in order to legally operate in the country. The qualifications of the Company’s director are as follows:

  • The head of the production company needs to be in good mental health.
  • The helmer must be an adult over the age of 18.
  • The director needs to be a Singaporean or Singapore permanent resident.

In addition, the director needs to be a legal resident or hold an appropriate work visa. The director may need approval from the Department of Labor for a particular action.

No applicable law applies to the director that would disqualify him or her from serving. The director also cannot be insolvent.

Chief Executive Officer’s Secretary

Within the first six months after the Company’s formation, a secretary must be appointed. The Singaporean nationality of the company secretary is required. After six months, the position will have to be filled or be eliminated. The Company’s director is ineligible to be nominated as the business secretary per the company registration process to ensure proper governance.

A company’s success depends on the leadership of senior management executives, and it is possible to find and hire people with these roles.


Within three months of incorporation, the Company must select an auditor. Organizations that are not required to undergo an audit are not required to meet this standard.

Investors from Abroad

It is necessary for an out-of-country investor to hire a local corporate agent to complete the company registration process in the country where the business will be based. An attorney, certified public accountant, or advisor are all acceptable choices for corporate agent. Creating a local Singapore company is a digital process that can be initiated using the official government website. A local director must be appointed by the foreign company to manage operations.


A minimum of one shareholder must be appointed by the company. Information such as the shareholder’s name and address must be provided by the Company in the appointment application.

Cash Flow From Capital Issues

The Company must have at least SGD 1 in paid-up capital. This sum is the bare minimum required for operation.

Legal Residency

All business correspondence must be conducted via the office address. The ACRA requires the submission of this data. All of the Company’s official documents must be kept at its registered office.

Organizational Charter

The Company’s Constitution is a legally binding document that defines the scope of the Company’s authority. It is the Company’s stated purpose to engage in the activities listed in its Articles of Incorporation.

How to Register a Company

The procedure for registering a company in Singapore is simple. If all the paperwork is in order, registering a corporation with the ACRAA is a simple process. The steps below must be taken in order to register a company:

Name Change Request Form

A business must submit a name application. This application process must be completed online via the ACRA’s BizFile+ platform. The Company’s name must meet specific requirements. These requirements are as follows:

  • The name needs to stand out from the crowd of existing business names.
  • No Singaporean government agency may be offended by the chosen name.
  • A trademark or service mark cannot be used if it would be considered an infringement.

Attaining the Qualifications Necessary

It is not enough for the Company to have filed the name in accordance with the aforementioned standards; the Company must also meet the eligibility criteria. Establishing a foreign branch in Singapore necessitates meeting the minimum number of required authorised representatives.

Payment for Registration

Singaporean dollars 300 for online incorporation of a Singaporean company (Singapore Dollars). There is an SGD15 application cost and an SGD300 registration fee for a corporation with a foreign name.

Questions Often Asked

How does one go about starting a business in a country where one does not currently reside?
The initial office location will be in Singapore, and the foreign investor must verify the office’s name. By taking this action, the foreigner will be able to have a Singaporean join the Company’s board of directors and act as its representative.

Is there a standard amount of starting capital needed for all businesses?

In Singapore, a business must have at least one Singapore dollar in capital (Singapore Dollars). While both an Entrepreneurial Pass and a Relocation Pass involve a minimum investment, the two passes have distinct minimum investment criteria. The required amount of starting capital rises under these conditions.

Is it possible for a director to also serve as the company secretary?

No, the director cannot oversee the secretary’s duties. This is done to ensure that the Company’s operations are open and governed properly.

What are the minimal requirements for employment as the Company’s secretary?

The following skills are required of the Company Secretary:

• He needs to be a citizen or permanent resident of Singapore.

He must have qualified through the Singaporean tests required of company secretaries.

• The company secretary also has to have worked in a similar capacity before.

What are the regulations that a Singaporean company must abide by?

The Organization must adhere to the following regulations:

It is the policy of the Company to have an Annual General Meeting annually, unless an exemption applies.

The Company’s annual return must be submitted or filed no later than seven months after the end of the fiscal year.

Information on the beneficial owners of foreign corporations must be recorded and kept.

• In addition to this, the ACRA requires that the Company keep an electronic register of members. When there is a change in the distribution of ownership, this data might be helpful.

• A Directory of Top-Level Management Including the CEO, MD, and Directors.

• The ACRA must be notified within 14 days of any changes to the Company’s information.

Source: types of companies in singapore , nature of business list singapore

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