Tel：+86 400 118 5939Address：Room 2810B, Block A, Tianli Central Plaza, Coastal City, Yuehai Street, Nanshan District, Shenzhen, Guangdong Province
Email：info@hyintern.com
+86 400 118 5939
牌照号：TC004750
Tel：+86 400 118 5939Singapore, in the eyes of Chinese people, is more of a tourist destination. In fact, Singapore is known as the Asian business paradise and has created a world-renowned economic myth. Nowadays, Singapore still has strong economic vitality, and with many financial preferential policies, it has also attracted many companies to register their companies in Singapore.
With the promotion of the "the Belt and Road" national strategy, more and more mainland enterprises are conducting international trade through companies registered in Singapore. So how can domestic companies register a company in Singapore? The requirements for registering a Singapore company are actually not high. Below, Hongyuan International will explain in detail how domestic companies can register a company in Singapore.
If a domestic company is registered as a shareholder of a Singapore company, the following information needs to be provided:
(1) Provide the company's equity structure diagram;
(2) Provide a copy of the direct controlling layer's business license and personal identification documents of the legal representative;
(3) Proof of identity for beneficial owners whose shareholding ratio exceeds 25% in the architecture diagram, such as passport/ID card (if it is a listed company, provide the name and stock code of the listed company);
(4) Provide the director's ID card, such as passport/ID card;
(5) Provide proof of address documents, such as water bills, electricity bills, gas bills, and payment bills. Natural persons' proof of address (such as government agencies, public utilities, or banks issuing bills with customer name and address data in the past three months, telephone bills, statements issued by regulated financial institutions, etc.).
It should be noted that there are no restrictions on the composition of shareholders in Singaporean companies, and they can be natural persons or companies; There is no restriction on the shareholding ratio of foreigners or foreign companies in Singaporean companies under the Company Law; Individual shareholders of a company may concurrently serve as directors of the company. However, Singaporean companies have special requirements for directors and business secretaries:
(1) The board of directors of a company may consist of one or more directors, but must include at least one local director (Singapore permanent resident, Singapore citizen, Singapore Entrepreneurship Permit holder, self-employed Employment Permit holder);
(2) Singaporean companies must appoint at least one resident of Singapore (Singapore permanent resident, Singapore citizen, Singapore work permit holder) as the company's business secretary;
(3) If the company has only one director, that director cannot also serve as the business secretary.
1. The customer provides registration documents and searches for the company name
The name of a Singapore company is capitalized in all English and cannot currently use a Chinese name. The name ends with PTE.LTD.
2. Determine the members of the company's board of 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.
For more questions about Singapore company registration, please feel free to consult Hongyuan International.
Scan QR code to follow 【Hongyuan International WeChat】
Email: info@hyintern.com
Hotline: +86 400 118 5939
