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Tel：+86 400 118 5939Registering a Singapore company requires certain requirements and explanations regarding the name, registered capital, shareholders, directors, legal secretary, and registered address. For example, Singaporean companies require the company name to end with pte. lt./limited and fill in the English name; There is no maximum limit on registered capital, and there is no strict time limit for fully paid up capital; Registration of a Singapore company requires the appointment of one statutory secretary six months after the establishment of the company; It is required to have a registered address in Singapore. So how do Singaporean companies define their business scope? Next, Hongyuan International Consulting will take you to take a look together.
The business scope of a Singaporean company is referred to as Principal Activities in Singapore. Singapore generally has no restrictions on the business scope of companies, and applicants can fill in according to their own needs, with a maximum word count of 28.
But unlike in China where companies need to fill in their own business scope for registration, there are uniform regulations for the business scope of Singaporean companies. When choosing a business scope, business owners only need to refer to the Singapore Standard Industrial Classification (SSIC) published by the Singapore Department of Statistics (DOS) and select the two items that are suitable for their business content.
According to the experience of Hongyuan International Consulting, the company's business scope is generally determined through a simple three-step process:
1. Determine the business keywords of the enterprise; (For example, shipping by sea, electronic components, etc.)
2. Search for keywords in the Singapore Standard Industrial Classification Catalogue;
3. Select the industry code that matches your company's business scope based on the search results.
For more questions about Singapore company registration, please feel free to consult Hongyuan International.
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