| Singapore is one of the leading Asian countries for | | | | secretary needs to be appointed within six months of |
| business and commerce and has been rated as one | | | | company incorporation and he/she must be a resident |
| of the best business environments in Asia Pacific. It's | | | | of Singapore. |
| no wonder that small and medium sized businesses | | | | The company must also have a minimum initial |
| and even business conglomerates from across the | | | | paid-up share capital is S$1 |
| globe surge to this tiny nation. | | | | The minimum paid-up capital for registration of a |
| If you are planning on starting a business in Singapore | | | | Singapore company is S$1 unless if you are an |
| here are some useful tips that can help you in the | | | | EntrePass holder in which case the paid-up capital will |
| Singapore business incorporation process. | | | | be S$50,000. |
| Singapore Companies Act | | | | The Singapore company setup must have a |
| To begin business formation in Singapore you must be | | | | Singapore registered office address. The office |
| familiar with the Singapore Companies Act (SCA). | | | | address must be a Singapore registered address and |
| Singapore companies are primarily governed by the | | | | addresses with a PO Box are not allowed. |
| Singapore Companies Act, but it must be noted that | | | | Singapore business formation is made much simpler |
| companies may fall under regulations of other statutes | | | | with the help of a professional business start up |
| based on the type of business they are into. | | | | service. A professional service provider can aid you in |
| Requirements for Singapore business set up | | | | the process of business incorporation in Singapore. A |
| The law states that the in order to set up a | | | | professional service provider will not only assist you in |
| company in Singapore, the company must have a | | | | registering a company in Singapore but will also assist |
| minimum of 1 Shareholder + 1 Director + 1 Company | | | | you throughout the entire process of business |
| Secretaryo The director: | | | | incorporation. |
| The director of the Singapore business setup must be | | | | Professional business incorporation services ensure |
| a citizen or permanent resident of Singapore. He/she | | | | that you have the right information, documentation and |
| may also be Singapore Employment Pass holder. The | | | | get the right resources for setting up a business in |
| director of the company must be above 18 years of | | | | Singapore. |
| age and must not be bankrupt nor have prior record | | | | Business incorporation services advise you on the |
| of malpractice.o The shareholder | | | | relevant licensing requirements specific to your line of |
| The law allows a maximum of 50 shareholders for a | | | | business and you can also avail useful business |
| Singapore business setup. The share holders may be | | | | concierge services that can help you find a suitable |
| individuals or a corporate entity. The said director can | | | | location for your office, develop your IT and |
| be the shareholder as well or they can be separate | | | | networking infrastructure etc. |
| individuals. 100% local or foreign shareholding is | | | | You can also avail several supporting services such as |
| permitted.o The company secretary | | | | taxation services, bookkeeping services and business |
| According to the SCA, a Singapore business set up | | | | accounting services. |
| must have a company secretary. The company | | | | |