Private Limited Company Registration

Register a Singapore Private Limited Company

The most common type of business organisation in Singapore is a private limited company. It has a different legal position from its owners and directors, who have limited responsibility for the loans and expenses of the company, unlike commercial organisations like a partnership and sole proprietorships.

It is entitled to its property. Its name often includes “Pte Ltd” or “Ltd.” It is generally referred to as a company in the US or several European nations. Singapore’s top expert in Singapore business registration is IMC. You may use IMC to help with Singapore Private Limited Partnership registration with ACRA.

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Features of a Private Limited Company

A governing body distinct from its directors and shareholders
It may file a lawsuit or be sued under its name
Stockholders, with a baseline of 1 and a total of 50
A subsidiary company is eligible for local tax exemptions if it has not more than 20 shareholders and at least one shareholder is an individual with at least 10% of the total shares

Singapore Private Limited Company Prerequisites for Company Registration

At least one shareholder
A Singapore-registered office location
A specified minimum paid-up capital of s$1
One resident director
One company secretary

For eligible new start-up businesses, there is a tax exemption.

The Singaporean tax system gives help in the form of sizable exemptions to resident firms because it understands the value of easing cash flow for new businesses during their early years.

Procedure

Step 1: Submit Your Application and Include Information Regarding the Incorporation

Once we get your company’s incorporation information, we will:

Check for the preferred name availability of your prospective firm
Share an update with you to address any questions (if any) and provide pertinent advice
Ensure a timely bill for our services is to be sent to you

Step 2: Send Money

When the invoiced amount for the services is received, we shall start drafting the paperwork necessary for incorporation.

The incorporation paperwork must be signed in front of us in Singapore or by a Notary General if you are outside Singapore.

Step 3: Form a Company

We shall establish the Singapore Business with the Accounting and Corporate Regulatory Authority of Singapore (ACRA) when the incorporation paperwork is signed. You can open a business bank account after the firm has been incorporated.

Business Registration in Singapore

Establish a Singapore Private Limited Company

Our general Singapore company incorporation service comprises the following:

Identification and reservation
Development of the company’s memorandum and agreements
Creating registration documents
Government costs are included in our professional fees
E-Incorporation Certificate
Assembling a corporate compliance package with the corporation seal, common shares, register
Minutes record the first executive meeting’s minutes
The decision to establish a bank account
Business’s common seal

Business secretarial

According to the Singapore Companies Act, each Singapore company must choose a company secretary to oversee ongoing statutory compliance issues. As your corporate secretary, we will provide the following services:

Compliance Notification & Reminders for ACRA
Named Business Secretary; twelve-month ACRA registration
Maintaining the legal books and creating the necessary minutes for meetings of shareholders and board members

Optional

Address for Registered Office

All Singapore-incorporated entities are required by the Companies Act to have a registered address in Singapore.

All Singaporean corporations are required to have a local postal address for business correspondence
If you do not have a sophisticated address, IMC can give you one
Any unused portion is returned on a prorated basis if this service is discontinued early

Notes

If you live in Singapore and wish to start a business, you must complete the following:

Engage IMC to help you incorporate your business with ACRA
You can also stop by our office, where we will assist you with ACRA registration in less than one hour

Company Formation in Singapore - FAQ

Does a foreigner need to visit Singapore to establish a company?

No, you do not have to be physically present in Singapore to set up a company.

What are the key requirements for setting up a Singapore company?

A company needs to have at least one shareholder who can be a local or foreign individual or company
At least one of the directors must be a natural person, above the age of eighteen years old, and a resident of Singapore
A shareholder who is a natural person can also be a director of the company
A qualified company secretary has to be appointed. The secretary must be a resident of Singapore
Company must have a physical, local address in Singapore
The company must have a paid up capital of at least $1

What are the minimum and maximum number of shareholders a company can have?

A Singapore Private Limited Company (LLC) registration requires at least 1 shareholder. A Private Limited Company can have a maximum of 50 shareholders.

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