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Incorporation

Overview

1. Incorporation-Foreign Individuals

2. Incorporation-Foreign Companies

3. Incorporation-Local Residents

 

 

How to incorporate?

To incorporate a Singapore Company, these are the general requirements and procedures needed:

ACRA Requirements

Directors: A minimum of one resident director (a Singapore Citizen, a Singaporean Permanent Resident, a person who has been issued an EntrePass, Employment Pass, or Dependent Pass) is mandatory.

Shareholders: The shareholder can be an individual or a corporate entity. 100% local or foreign shareholding is allowed. A director and shareholder can be the same or different person.

Paid-up Capital: Minimum paid-up capital for registration of a Singapore company is S$1.

Registered Address: The address must be a physical local address.(PO Box is not allowed.)

Company Secretary: Companies Act requires one Company secretary who must be a natural person and an ordinarily resident of Singapore.

Audit Requirements

Unless exempted from audit requirements under the Companies Act, every company must appoint an auditor within three months after its incorporation. Only small exempt private companies and dormant companies are exempted from audit requirements. A small exempt private company is one that meets the following conditions:

  • The turnover for the financial year is less than S$5m.
  • The company does not have more than 20 shareholders, and
  • The company does not have, directly or indirectly, a corporation as a beneficial shareholder.

We will need the following documents from you:

Documents Required For Company Incorporation

For each Singapore resident individual shareholder and director

  • Copy of Singapore IC; and
  • Copy of passport if the individual is not a citizen of Singapore

For each non-resident individual shareholder and director:

  • Copy of passport; and
  • Copy of residential address proof such as a recent utility bill, residential phone bill, tax bill, or cable TV bill

For each corporate shareholder:

  • of the Foreign Corporate Company Certificate and
  • Special Director Resolution to resolve becoming newly incorporated company subsidiary's shareholder 

 

Please note the following:

All documents must be in English or officially translated in English;

All copies of documents must be certified true copies by a notary public or you must bring the originals to our office for sighting;

If you are overseas, you can email us the scanned copies of documents so we can proceed with preparing the necessary incorporation documents.

However we must receive the certified true copies (or sight the originals at our office) before we can incorporate the company.

Our compliance department may ask for additional information if necessary.

After engaging our services, we would perform the followings to incorporate your company:

Scope of Services

  • Name check and reservation
  • Preparation of memorandum & articles of the company and other incorporation documents
  • Preparation of registration forms
  • Professional & Filing Fees
  • E-Certificate of incorporation
  • Preparation of compliance corporate kit, including corporate seal, share certificates, register and minutes book
  • Minutes of first board meeting
  • Resolution to open a bank account

Once your company is incorporated, you have to think to open a corporate bank account with any of the local and international banks in Singapore. Opening a corporate bank account in Singapore is a simple and quick procedure. The important thing is that you have to choose the bank which offer corporate accounts features can fulfill the banking needs of your company.

Requirements for Opening a Corporate Bank Account

Basically, the followings are the required documents to open a corporate account in Singapore banks:

  • Completed Corporate Account Opening Forms
  • Board of Directors Resolution approving the opening of the account and the signatories to the account
  • Certified True Copy of Certificate of Incorporation (must be certified by the company secretary or one of the directors)
  • Certified True Copy of Company's Business Profile from Company Registrar
  • Certified True Copy of Company's Memorandum and Articles of Association (MAA)
  • Certified True Copies of Passport (or Singapore IC) and Residential Address Proof of Directors, Signatories, and Ultimate Beneficiary Owners. If you are in Singapore, just bring the originals and the bank will make a copy.

Singapore banks may ask you to produce additional documents depending on the case. Generally, the majority of the banks require that the account signatories and majority directors be physically present in Singapore for signatures at the time of opening the company bank account. However, some banks will accept the signing of documents at one of their overseas branches or in front of a Notary Public.

Contact Us
Mr.Eric Eio ,Partner
-CPA & B.Com (Uni Of Sydney)

Contact Us/ Our Management

Tel:(65)6221 4711/ (65) 8484 8816
TESTIMONIALS
Paul Hype Page & Co. provides choiced reliable service in registering company in Singapore, efficient and reliable. Mr Eric Eio is very
-Amanda Chen , Liyuan Media Investment Singapore Pte Ltd, China
I'm very impressed by their quick and reliable response in our queries. They are professional in their job and provide great secretarial,auditing
-John Eng, Mtm Group Pte Ltd, SINGAPORE
Paul Hype Page & Co. helped me to deal with all the necessary things in my company incorporation in Singapore. They provide
-Liu XiaoJing , Singapore Meijing Enviroart Pte. Ltd., China
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