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How to form a company Singapore

Do you have dream of being your own boss. Lets start your company.

JessicaRoberts
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How to form a company Singapore

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  1. How to Form a Company in Singapore An overview of launching a new business in Singapore SBS Consulting

  2. Who can Form a Company in Singapore • A Local National • A Foreign National • Above 18 years Copyright © SBS Consulting All Rights Reserved

  3. Types of Registration for Local Nationals • Sole Proprietorship • The owner needs to be a Singapore resident and if foreigner then he can appoint a local Manger. • General Partnership Company • Owned by a minimum of two and a maximum of 20 partners at least one has to be a local person. It is not legally separate from the owners and hence the owners are liable to make good any loss that the company suffers. • Limited Liability Partnership Company • Should have minimum of two partners, one has to be a local resident. There is no limit for maximum number of partners. • Private Company • It has separate legal status from its owners and has a perpetual existence. It can sue or be sued in its own name. Copyright © SBS Consulting All Rights Reserved

  4. Types of Registration – For Foreign Companies • A Subsidiary Company • A Branch Office • A Representative Office Copyright © SBS Consulting All Rights Reserved

  5. Conditions for Incorporating a New Company • At least one of the directors has to be a Singapore resident. • A Singaporean or a foreigner can register a new company. • The paid up capital is minimum 1S$. • A minimum of 1 Director or 1 Shareholder is required who can be the same person. • A local registered address. • A Local Company Secretary Copyright © SBS Consulting All Rights Reserved

  6. Governing Body:Singapore Companies Act Accounting and Corporate Regulatory Authority (ACRA) Copyright © SBS Consulting All Rights Reserved

  7. Documents Submission to ACRA • Name of the company • Business activities • Paid up share capital • Registered address of the company • Particular of directors and shareholders • Full name (as in passport) • Local correspondence address • Overseas address (if any) • Nationality • Identity card number and expiry date • Passport number and expiry date • Personal contacts (mobile number, home and office number, fax, and email address) • Number of shares issued to each shareholders Copyright © SBS Consulting All Rights Reserved

  8. Company Registration for Foreign National – With or without relocation • Foreign Nationals who are ready to relocate to Singapore have to obtain one of the two passes: • Singapore Employment Pass • Singapore Entrepreneur Pass • Foreign National without relocation to Singapore. Copyright © SBS Consulting All Rights Reserved

  9. Your company is incorporated in Singapore You are the proud owner of a registered company in the most thriving economy of the world that is – Singapore QUESTIONS? Email Us:info@sbsgroup.com.sg Contact us: +65 6728 9142 Thank You

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