Many investors consider Singapore as an ideal place to incorporate a company. Its policies for company formation are friendly, not to mention the tax incentives the government gives to attract foreign investors. In addition, it is home to techno-savvy industries and corporate service companies that handle Singapore company registration professionally. Startup companies and businesses aiming for an expansion need the help of these firms to ensure compliance to the legal requirements and procedures of incorporating a company in Singapore.
Incorporation of a company requires not only time, money, and effort but also knowledge of the process of company registration in the country. There are few important things that one must take note to ensure that company formation in Singapore goes smoothly and hassle-free.
Prerequisites. Here are the legal prerequisites new businesses must take note of and meet for a successful company incorporation in the country:
Must have at least one shareowner. He or she may be a local resident or a foreigner. Must have at least one director; must be a natural individual, at least 18 years of age Has a minimum paid-up capital of S$1. Has a local, registered address Must have a competent corporate secretary. Has an approved company name that is indsutry-specific and includes no obscene language Has secured licenses and permits for the business to fully operate
Memorandum and Articles of Association. New businesses are also required to submit an MMA or memorandum and articles of association to the Registrar of Companies. The memorandum defines or states the nature of the company and the articles of association set the provisions that regulate the company's operations. Before new businesses in Singapore are required to provide a set of objectives on the memorandum. But this rule was lifted to allow companies to become more flexible in terms of the activities they wish to promote or pursue in the future.
The incorporation of a company requires not only time and effort but also money and knowledge to make sure the company is properly set up. Corporate service providers in Singapore can make company registration in this country a lot easier. So let the expert take charge of this job.
Incorporation of a company requires not only time, money, and effort but also knowledge of the process of company registration in the country. There are few important things that one must take note to ensure that company formation in Singapore goes smoothly and hassle-free.
Prerequisites. Here are the legal prerequisites new businesses must take note of and meet for a successful company incorporation in the country:
Must have at least one shareowner. He or she may be a local resident or a foreigner. Must have at least one director; must be a natural individual, at least 18 years of age Has a minimum paid-up capital of S$1. Has a local, registered address Must have a competent corporate secretary. Has an approved company name that is indsutry-specific and includes no obscene language Has secured licenses and permits for the business to fully operate
Memorandum and Articles of Association. New businesses are also required to submit an MMA or memorandum and articles of association to the Registrar of Companies. The memorandum defines or states the nature of the company and the articles of association set the provisions that regulate the company's operations. Before new businesses in Singapore are required to provide a set of objectives on the memorandum. But this rule was lifted to allow companies to become more flexible in terms of the activities they wish to promote or pursue in the future.
The incorporation of a company requires not only time and effort but also money and knowledge to make sure the company is properly set up. Corporate service providers in Singapore can make company registration in this country a lot easier. So let the expert take charge of this job.
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