set up a private limited liability company in singapore

Set Up a Private Limited Liability

Company in Singapore

A presentation brought to you

by Lawyers-Singapore.com

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Private Limited Liability

Companies in Singapore

• The private limited liability companies

in Singapore are the most

commonly preferred type of

business by the small and medium local

entrepreneurs.

• The maximum number of members of a

private limited liability company in

Singapore cannot exceed fifty, liable only

to the extend of their owned shares.

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Shares of a Private Limited

Liability Company in Singapore

• The shares of a private limited liability

company in Singapore cannot be freely

transferable.

• The Memorandum of Association and the

Articles of Incorporation contain detailed

information regarding the way these sharescan be transferred.

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Share Capital of a Private

Limited Liability Company in

Singapore

• The activities of the private limited liability

company in Singapore are ruled by the

Company Act.

• No minimum authorized capital or share

capital is requested at registration.

• The minimum share capital has the

symbolic value of 1 Singapore dollar.

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Other Requirements for

Owning a Limited Liability

Company in Singapore

• A limited liability company must have at

least one director with Singapore residence.

• Also, the company’s Secretary must be a

natural person, resident in Singapore.

• It must also appoint an auditor if there are

more than 20 shareholders and the annual

turnover exceeds 5 millions Singapore

dollars.

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The Registered Office of

a Private Limited Liability

Company in Singapore

• The registered office of a private limited

liability company may be different from

the company’s business address.

• All the official notifications and all the

company’s notifications must be

delivered to the registered office.

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The Registration Procedure

in Singapore >>

• All the private limited liability

companies must be registered at the

Company Registrar based on the following

documents:

company name and registered address;

description of the company's activities;

memorandum of association and

articles of incorporation;

details regarding the directors, the

secretary and the shareholders.

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>> The Registration Procedure in Singapore

• The registration procedure in

Singapore doesn’t take longer than 2

days due to the efficient computerized

system.

• After registration, an email is sent to the

company with the registration number.

• If a hard copy is requested, a fee must be

paid before receiving it from the Company

Registrar’s office.

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The Company Registrar in

Singapore

• The Company Registrar in Singapore may

also issue the Company Business Profile

which contains:

the company name and registration number;

previous names for the company;

registration date;

principal area of business;

paid-up capital;

details regarding the shareholders, directors

and secretary and registered address.

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Other Requirements before

Starting Business Activities

in Singapore

• The notification of incorporation and

the business profile are necessary in

order to open a corporate bank

account.

• Before starting the business, the

company must receive licenses or

approval for its future actions from the

authorized government bodies.

• Also a registration for GST (Goods

and Service Taxes) is requested.

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Company Formation in Singapore

• Opening companies in Singapore is a

complex matter that usually requires the

advice of a company formation

specialist.

• Please contact our company formation

specialists in Singapore for more

information about the process of creating

private limited liability companies in this

country.

Thank you for your

attention!

Please contact us for more information at:

+ 852 8191 3385

office@lawyers-singapore.com

http://www.opencompanysingapore.com/

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