Private Limited Company Registration
Register a Private Limited Company in Singapore
Private Limited Company is the most popular business entity in Singapore. Unlike business entities such as a Sole Proprietorship and Partnership, it has a separate legal status from its shareholders and directors who have limited liabilities for the debts and losses of the company.
It has the rights to own properties. It usually has the words ‘Pte Ltd‘ or ‘Ltd‘ as part of its name. In many European countries or the US, it is commonly known as a corporation.
Rikvin is Singapore’s leading specialist in Singapore company registration. You can engage Rikvin to assist you with the registration of a Singapore Private Limited Company with ACRA.
Overview
Features of a Private Limited Company
- A legal entity separate and distinct from its shareholders and directors
- It can sue or be sued in its own name
- A minimum of 1 and a maximum of 50 shareholders
- A subsidiary company, with at least one individual shareholder with a minimum of 10 percent shareholding, is entitled to local tax and development incentives
Singapore Company Registration Requirements for Singapore Private Limited Company
- Minimum 1 Shareholder
- 1 Resident Director
- 1 Company Secretary
- Minimum initial paid-up capital is S$1
- A Singapore registered office address
Tax Exemption for Qualifying New Start-up Companies
Singapore tax regime recognizes the importance of easing cash flow for startup companies in their initial years of operation, therefore the system extends support in the form of sizeable exemptions to resident companies.
Notes
If you are a Singapore resident and you want to set up a company, you will need to do the following:
- Engage Rikvin to assist you with the incorporation of your company with ACRA.
- You can also drop in at our office and we can help you register with ACRA in less than an hour.
Documents
Required information and Documents
- Company Name
- Brief Description of Business Activities
- Shareholders Particulars
- Directors Particulars
- Registered Address
Process
Step 1 – Submit Your Request and Provide Incorporation Details
Upon receipt of your company incorporation details, we will:
- Check your proposed company’s name availability.
- Follow up with you to clarify queries (if any) and advise accordingly.
- Send you an invoice for our services.
Step 2 – Make Payment
We will commence with the preparation of incorporation documents upon receiving the payment for services as reflected in the invoice. We accept payment via cash, cheque, telegraphic transfer and credit card.*
You will then have to sign the incorporation documents either in Singapore before us or before Notary Public if you are overseas.
*(Admin surcharges apply.)
Step 3 – Incorporate Company
Upon the signing of the incorporation documents, we will proceed to register the Singapore Company with Accounting and Corporate Regulatory Authority of Singapore (ACRA). Once the company has been incorporated, you may proceed to open a corporate bank account.
Package
Registration of Singapore Company
Our service for incorporation of a private limited Singapore Company includes:
- Name check and reservation
- Preparation of memorandum & articles of the company
- Preparation of registration forms
- Our Professional fees inclusive of Govt. fees
- E-Certificate of incorporation
- Preparation of compliance corporate kit, including corporate seal, share certificates, register and minutes book
- Minutes of the first board meeting
- Resolution to open a bank account
- Company common seal
Corporate Secretarial
Singapore Companies Act requires all Singapore Companies to appoint a Company Secretary to handle on-going Statutory Compliance Matters.
We will act as your company secretary and this service includes:
- ACRA Compliance Alert & Reminders
- Named Company Secretary registered with ACRA for 12 months
- Maintaining the statutory books, preparation of all relevant minutes for Directors’ and Shareholders’ meetings.
Optional
Registered Office Address
The Companies Act requires all Singapore incorporated entity to have a Singapore-based registered address.
- All Singapore Companies require a local registered address for official communication.
- Rikvin can provide a prestigious address if you don’t have one.
- If this option is terminated prematurely, any unused amount is refunded on a pro-rated basis.
FAQ on Private Limited Company Registration
- In addition to the huge tax advantage, and benefits of over 100 comprehensive trade agreements with jurisdictions across the world, one of the major advantages of incorporating a private limited company is that it is a separate legal entity and is limited by shares. As a result, shareholders of a Singapore company are not liable for its debts and losses beyond their amount of share capital.
- You need to have a:
- Passport copies of proposed shareholders and directors with Residential address proof.
- Details of the parent company if the shareholder is a corporate entity.
- The key requirements are:
- at least one shareholder which may be an individual or a corporate entity
- one resident director (either a Singapore citizen, permanent resident, Employment Pass holder or a Dependant Pass holder)
- one resident company secretary
- initial paid-up share capital of at least S$1, or equivalent in any currency
- a physical Singapore office address, and cannot be a PO Box.
Once these are satisfied, the following steps are followed
- Choosing a Business Structure
- Choosing a Business Name
- Choosing a Company’s Business Activities
- Step up a New Company with details of shareholding, company directors, and local address
- Appoint a Company Secretary
- Appoint an Auditor
- Memorandum and Articles of Association
- Get the business licenses and permits
- Trademark and customs registration.
- Whether you are a foreign individual (entrepreneur, investors etc.) or a foreign company, you have lots of business registration options to choose from. But the most popular way for a foreigner to start a business in Singapore is to incorporate a private limited company. Then you can choose whether to relocate to Singapore (by applying for a Employment Pass), or simply incorporate a company in the city-state and appoint a nominee resident director. Another option is to incorporate a Singapore company with EntrePass, which comes under the scheme Startup SG Talent.
- You need to incorporate a private limited company (the best option) to start a business in Singapore.The key requirements are:
- at least one shareholder which may be an individual or a corporate entity
- one resident director (either a Singapore citizen, permanent resident, Employment Pass holder or a Dependant Pass holder)
- one resident company secretary
- initial paid-up share capital of at least S$1, or equivalent in any currency
a physical Singapore office address, and cannot be a PO Box.
Form a Private Limited company in Singapore with speed, ease, and value
An hour is all we need. Coupled with transparent, highly-competitive pricing and timely, committed support, your Private Limited company registration is made easy.
