Introduction to Singapore Company Registration
Singapore has always been at the forefront of the world, insisting on opening up to the outside world and encouraging outstanding talents and enterprises to enter Singapore. In the foreseeable future, more and more new companies will be established in Singapore. So, how to register a company and open a bank account in Singapore? What is the process of registering a company, opening a bank account, applying for EP and D, and doing accounting, auditing, and tax reporting in Singapore? Let's learn about it together today.
Company registration
To register a company in Singapore, the required documents include identification documents, address proof documents, registration related documents, etc.
1. Company registration requirements
(1) Please provide the pure English name of Singapore to be registered
(2) The minimum registered capital of the company is 1 Singapore dollar, with no upper limit, and multiple currencies such as US dollars and Chinese yuan can also be selected
(3) A Singapore domestic address is required for commercial purposes, and a mailbox address cannot be used as a registered address
(4) 1-2 businesses need to be identified as the company's main business
(5) The minimum age requirement for directors is 18 years old, with no maximum age limit; If the company has multiple shareholders, it is necessary to confirm the proportion of share distribution; There must be at least one director, and if there is only one director, they must be a Singaporean citizen or permanent resident. If there are multiple directors, at least one Singaporean citizen or permanent resident is required.
(6) A Singaporean resident or company must serve as the registered secretary.
Singaporean residents refer to Singaporean citizens, Permanent Residents (PR), and EntrePass holders.
2. Company registration materials
(1) Passport and ID card for serving as a director and individual shareholder of a Singapore company
(2) Proof of address for directors and shareholders. For example, bank statements, utility bills, phone bills, etc. within 3 months that display the name and address (if the address is different from the ID address)
(3) If the company is a shareholder, it is required to provide copies of its business license and articles of association, proof of address, and equity structure diagram
(4) Contact information for directors and shareholders, including phone number, email address, and contact address
3. Company registration process
(1) Check if the company name is available
It is necessary to declare a name search to the Accounting and Corporate Regulatory Authority (ACRA) of Singapore to see if it can be used normally. It should be noted that the company name must be in English, and Singapore does not currently support Chinese names. The name of a Singaporean company is usually taken as PTE Ending with LTD.
(2) Fill in information and provide materials
Fill out the Singapore company registration application form and customer information survey form, including: company name, registered address, main business scope, registered capital, directors, shareholders, actual controller information, etc; Provide identification and other relevant documents.
(3) Submit documents
Submit a Singapore company registration application to the Accounting and Corporate Regulatory Authority (ACRA) of Singapore.
(4) Registration completed
After the company registration is completed, you can receive the complete set of company documents.
