Setup New Company in Singapore brings in lots of advantages which includes low tax procedure, good infrastructure support, strong government support, and strategic location to the rest of Asian countries. More than 3 million companies have their presence in Singapore.
Shareholding: Start-up company must have at least 1 and a maximum of 50 shareholders present. Shareholders can be supernatural persons or corporate entities process and 100% foreign shareholding is allowed.
Share Capital: The minimum capital to set up a company is around S$1. A company can totally increase its share capital at any time by injection process of additional capital.
Directors: Both Singapore and foreign-resident persons can be directors or CEOs of a Singapore company. Corporate directors are not permitted at all. A company must have at least one or more than one Singapore-resident director. Singapore-resident is defined as someone who is a Singapore citizen respectively, a Singapore permanent resident person, or an Employment Pass holder. Few Foreign-owned companies can have these local director options.
Company Secretary. A company must try appointing a qualified company secretary within the period of 6 months of incorporation. The company secretary must also be a natural and simple person and a resident of Singapore respectively.
Registered Address. Each company in Singapore is required to have a local registered address where the start-up company will keep all of its statutory documents readily. The address cannot be a PO box and should be checked twice.
Company Name. The name of the start-up company must be fully approved before proceeding with the registration of the company procedure.
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