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those who wish to form a Singapore company, here are the basic requirements to secure:
- Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
- Minimum initial paid-up share capital is S$1
- Singapore Company must have a Singapore enrolled office address
For those who are deciding what business structure to use, here is a summarize portrayal of Singapore's business structures:
1. Branch office: A branch office is an extension of its foreign parent company and is not a divide legal entity. Liabilities extend to the parent company.
2. Subsidiary: A subsidiary is a Singapore private restricted company and is a separate legal entity. Liability is restricted to the subsidiary and does not extend to the foreign parent company.
3. Representative office (RO): A RO has not lawful status and namely a transient administrative office meant because conducting market research or co-coordinating activities. Liabilities extend to the exotic parent company.
After a determination has been made ashore what particular commerce framework is appropriate on your company objectives, it is momentous to furnish the basic requirements in registering a Singapore corporation. This includes the requirements for paid-up chief [link widoczny dla zalogowanych], authorized capital, director [link widoczny dla zalogowanych], shareholders, company secretary and registered address. After the basic requirements are completed [link widoczny dla zalogowanych], you also absence to complete the emulating documents:
1. The approved name of your Singapore corporation;
2. A brief description of the proposed business activities that your Singapore corporation will engage in;
3. Particulars of the Singapore corporation's directors, shareholders and company
4. The corporation's Memorandum and Articles of Association (MAA);
5. Passport copies alternatively Singapore Identity card (IC) copies of intended shareholders and managers;
6. Residential residence testimony of proposed non-resident shareholders and directors; and
7. Details of the parent company if the shareholder is a corporate body.
For aliens, here are some of the significant points apt remember:
1. Engage a Professional Firm: Foreign corporations and individuals must engage a vocational firm that specializes in company incorporation in Singapore to set up a company.
2. Work Visa for Foreign Individuals: Foreign individuals who wish to relocate to sprint their current Singapore Company actions have two types of go pass to choose from.
3. Work Visa for Foreign Corporation Management Staff: Foreign Corporation that maneuvers to relocate their management staff to Singapore to run their new Singapore company install must apply for Employment Pass.
4. Foreign Individuals/Corporation Not Relocating to Singapore: Foreign Individuals and enterprises that do no propose to relocate to Singapore to operate the corporation must appoint a Singapore resident director in consensus with the Singapore Companies Act.
Lastly, foreign investors should also abide with the registration of Singapore Central Provident, a required subsidy fund scheme endowed either at employers and workers. If foreign individuals and companies are agreeable with always the requirements, documents to safe and corporate decrees of Singapore, then they are many welcome to proceed to business registration.The petition can be made online and can be setup in a day’s time. Processing would only contain two treads, among which are securing appoint acceptance by filing an online application with the Companies Registrar and submitting the incorporation documents once the name is accepted.