How to Open a Company in Singapore

A presentation brought to you by Lawyers-Singapore.com

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Why Open a Company in Singapore?

• The following reasons should be taken into for opening a business in Singapore:

the low corporate tax rates;

the legislation favoring foreign investments;

the educated and well-trained workforce.

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Types of Companies in Singapore

• The following types of companies are available for registration in Singapore:

private limited liability companies;

public limited liability companies;

companies limited by guarantee;

general partnerships;

limited partnerships;

limited liability partnerships;

sole proprietorships.

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Requirements for Opening a Singapore Company >>

• According to the Singapore Corporate Law, a company must comply with certain requirements before the registration procedure:

the company name must be approved

before company registration in Singapore;

the company must have at least one resident director.

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>> Requirements for Opening a Singapore Company

• The other company registration conditions are:

the company must have at least one shareholder and a company secretary;

the minimum share capital for companies in Singapore is 1S$;

the company must have a registered address.

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Documents Required for Opening a Business in Singapore

• When registering a company in Singapore the following documents must be provided:

the company name;

a description of the business activities;

information about the shareholders, directors and company secretary;

the company’s registered address;

the Memorandum and Articles of Association of the company.

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Steps to Open a Company in Singapore >>

• In order to register a business in Singapore, the first step is to submit the company’s name for approval with the Trade Register. 

• Then one must have the Articles of Association of the company prepared.

• The documents must be submitted with the Singapore Companies Registrar.

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>> Steps to Open a Company in Singapore

• After receiving it incorporation documents, the necessary licenses or permits for starting operating must be obtained.

• Foreign investors must appoint agents or lawyers in Singapore to handle the registration process.

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Formalities after Opening a Company in Singapore

• After the registration procedure is completed, the new company will need a corporate bank account.

• Also, the company must register with the Inland Revenue Services for taxation purposes and finally hire personnel if necessary.

• Our lawyers in Singapore can help with the GST registration procedure.

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Assistance in Opening a Company in Singapore

• Our legal services comprise business consulting regarding all types of companies that can be registered.

• Among these, preparing the incorporation documents and submitting them with the Singapore Trade Register. 

• Our Singapore lawyers can also help you apply for special business permits.

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Thank you for your attention!

• For more information, please contact us at:

+ 852 8191 3385

office@lawyers-singapore.com

www.lawyers-singapore.com11