Singapore Company Registration Checklist

• The proposed name of your Singapore Company must be approved by the ACRA prior to incorporation.

• Minimum of one local resident director *
• There are no limits on adding additional local or foreign directors.
• Directors must be above 18 years of age.
• If you are unable to satisfy the local director requirement, Rikvin offer nominee director service.

*Can be a Singapore citizen, Singapore permanent resident, Singapore employment pass, or dependant pass holder.
Note: A nominee director is not required to be given or hold any shares. He is just appointed to satisfy the Singapore Companies Act requirements.

• A minimum of one shareholder and a maximum of 50 shareholders.
• A director and shareholder can be the same or different person.
• A shareholder can be an individual or corporate body.
• 100% foreign shareholding is allowed

• Company secretary must be a natural person residing in Singapore and not a corporate body.
• A sole director/shareholder cannot act as the company secretary.
• Rikvin can act as the company secretary for all Singapore companies.

• Minimum paid-up capital of $1 is required.
• No authorized capital required and can be in any currency, tangible or intangible asset.

• The company must have a local registered address.
• P.O Box address is not allowed.
• Rikvin can provide a prestigious registered address service for Singapore companies including virtual office services and hot desk.

• Singapore law does not allow foreigners to self-register a company in Singapore.
• Rikvin offers professional Singapore Company Formation service

• Passport copies of proposed shareholders and directors with Residential address proof.
• Details of the parent company if the shareholder is a corporate entity

• We will assist you with opening corporate bank account opening for your Singapore Company.

• Your Singapore Company may need to register for Goods and Services Tax in Singapore if your turnover is expected to be above SGD1 million per year for local supplies only.
• We can assist you with GST registration and on-going GST compliance, if required.

• Based on the type of business you plan to start up, you may or may not need a business license or permit to operate. If you need to apply for a business license, we can advise and assist you with the application filing process. The fees will depend on the specific type of license that you require as the complexities involved vary from license to license.

• After the company has been incorporated, we can assist your company with on-going and annual compliance and filing requirements including accounting and corporate tax fling matters.

• You are free to register a Singapore Company and operate your Singapore Company from overseas.

With Relocation

• If you plan to relocate to Singapore to operate your company, you must obtain a work Pass. You have an option of either an Employment Pass or Entrepreneur Pass.

Client

Client

Rikvin

Rikvin

Client

Rikvin

Rikvin