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Company Formation in Singapore

Entity Type: Private Limited Company


Name Details

Does the name of the company require approval by the Registry or other authorities?

Yes.

How many prospective names will you require?

3 names, in order of preference.

Are there any restrictions or limitations on words that can be used in company names?

ACRA will reject a proposed company or business name for purposes of incorporation, registration or change of name if that name is :

  1. Identical to another;
  2. Undesirable; or
  3. Of a kind the Minister has directed the Registrar not to accept.

The Registrar however will continue to have the discretion to reject a change of name if a valid complaint is received from another company or business on the basis that the name so nearly resembles that of another company or business as is likely to be mistaken for it. Complaints seeking Registrar’s direction for name change must however be made within 12 months of registration of the company or business complained against.

Address Details

Does the company need to provide a registered address?

Yes.

Are there any limitations on the registered address (i.e. must be in-country, must not be a PO box)

Must be a local address. Must not be a PO box address.

If the client has no physical location in-country, can they use your address for the purposes of registration?

Yes.

Officer Details

How many Directors are required?

At least 1 local (Singapore resident) director.

Are any other officers required (i.e. Secretary)?

  1. At least 1 Company Secretary to be appointed within 6 months from date of incorporation.
  2. An audit firm to be appointed within 3 months of the date of incorporation

What personal details will you need for each officer?

Name, Address, Identification Number, Date of birth, Copy of identification card/employment pass/passport (notarised if overseas or certified true copy if local), and email address and local contact number.

Is there a requirement for any in country resident directors?

Yes, at least one local (Singapore resident) director.

Do you need proof of address or Identity for officers? If YES, in what format?

Yes, certified true copy (for local directors) or notarised copy (for foreigners) of identity card.

Shareholders

How many shareholders are required?

At least one.

Are there any restrictions on who can be a shareholder?

No.

What information will you require about shareholder?

Name, Identification No/Registration No, Country of Incorporation and Registered Address.

Will you require proof of address or ID from the shareholders?

Yes.

 

Share Capital

Will the company need to specify a maximum number of shares that can be issued?

No.

Is any stamp duty paid on the issued share capital? If YES, at what rate is this calculated.

Stamp duty does not apply to allotment of share.

Other Details

Do you require any further information about the company or its officers? If YES, please specify. It is necessary.

No.

Timescale

How long will it take to complete incorporation

1 – 2 working days.

Is there any way to expedite the incorporation for an extra fee?

No.

Procedure

Upon the execution of the Constitution and the consent to act etc., the documents are submitted online with ACRA.


Latest version updated 3rd May 2018

Country Breakdown

5.607

Million

Population

S$

Singapore Dollar

Currency

$ 297

Billion

GDP

719.1

km2