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Tel：+86 400 118 5939Singapore is known as the "Asian business center" due to its advantageous geographical location and government pro business policies, attracting countless entrepreneurs/entrepreneurs to invest, start businesses, and register Singaporean companies here. However, many people are not very familiar with the process of registering a Singapore company. Now, Hongyuan International will share with you the general process of registering a Singapore company, as follows:
1. The customer provides registration documents and searches for the company name
Submit the company name to ACRA for inquiry to determine if the company name is available. The name of a Singapore company is capitalized in all English and cannot be used in Chinese at this time. The end of the name should be PTE.LTD.
2. Determine the members of the company's board of directors
To register a Singapore company, you need to provide photocopies or scanned copies of the relevant documents of the company's directors and shareholders. The directors of a Singapore company need to be two or more, and one director needs to be a Singaporean resident (we call it a registered director, a Singaporean citizen, PR, holding an entrepreneurial employment permit). Hongyuan International provides registered directors.
3. Determine the registered capital of the company
The capital requirement for registering a Singapore company is not very high, usually starting at SGD 1, with no upper limit and no strict time limit for paying in full capital. The company can also increase capital in the later stages of operation without charging stamp duty.
4. Determine the registered address of the company
The registered address of a Singapore company must be a local address in Singapore, but this address is not required to be the company's business address or contact address. Hongyuan International can provide an address.
5. Determine the business scope of the company
After some amendments to the Singapore Companies Act 2005, only the company's articles of association will affect the company's business scope, and any other reasonable business can be operated. However, when registering a Singapore company, only one or two main businesses can be selected.
6. Registration completed
After the company registration is completed, a company secretary needs to be appointed within six months; The annual general meeting of shareholders needs to be held within 18 months.
It can be completed in about 10 working days from application to registration. The complete set of documents obtained after registering a company includes: business license, establishment announcement, registration paper, equity certificate, authorization document for the nominal director, authorization document for the commercial secretary, registration address announcement, company articles of association, board resolution, company seal and steel seal.
For more questions about Singapore company registration, please feel free to consult Hongyuan International.
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Email: info@hyintern.com
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