Private Limited Company Registration

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.

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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