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Tel：+86 400 118 5939With the favorable policies of the "the Belt and Road", more and more mainland enterprises are starting to go out. Because Singapore has unique advantages, many investors will consider registering offshore companies in Singapore. What is the minimum requirement for registered capital for Singaporean companies? Hongyuan International Consulting will take you on a look at the capital requirements for company registration in Singapore.
The appropriate registered capital for a Singaporean company depends on the actual needs of its business development. The specific requirements are as follows:
1. The Singapore Companies Act stipulates that the minimum registered capital for establishing a company is SGD 100000, and the minimum paid up capital is SGD 1. However, there is no minimum paid up capital requirement or time requirement for paying up the registered capital. Shareholders can decide to increase the registered capital and pay the full capital at any time by filling out forms and paying fees at the registration office. The registered capital represents the limit of the company's share capital that can be issued to shareholders. Within this limit, the company can issue stocks and require shareholders to pay for the subscribed stocks one or more times. The subscribed and fully paid up stocks are the paid up capital of the company.
2. The registered capital of a Singapore company can only be denominated in Singapore dollars.
3. Companies with a paid up capital of SGD 500000 or more in Singapore will automatically become members of the Singapore Business Federation;
4. If the paid in capital exceeds SGD 500000 or more, an annual fee of SGD 400 will be required to be paid to the Singapore Business Federation in the future. If the paid in capital is below SGD 500000 to SGD 1 million, an annual fee of SGD 400 will be required; Paid in capital below 1-5 million, annual fee of SGD 600; Paid in capital below 5-10 million, annual fee of SGD 900; Paid in capital of 10 million or more, with an annual fee of 1200 Singapore dollars.
In addition to registered capital, enterprises may also face various problems during the actual registration process. It is recommended to consult a professional secretarial service company when registering a Singapore company. Hongyuan International has rich experience and resources in Singapore company registration. If you have any questions, please feel free to consult us.
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Email: info@hyintern.com
Hotline: +86 400 118 5939
