Singapore Registration Guide

Singapore companies can be used for regional operations and investment arrangements consistent with actual business, But registration is not a government recommendation for a certain financing structure. Permitted foreign shareholding, Tax exemptions and industry licenses should be checked separately, Don’t describe the start-up discount as saying that all income is tax-free for the first three years.

Daily business corporations are under the unified jurisdiction of the Accounting and Corporate Regulatory Authority (ACRA); Tax is collected by the Inland Revenue Service (IRAS); If it involves specific financial and capital market business (such as CMS/FAA license), It is strictly regulated by the Monetary Authority (MAS).

The Companies Act mandates the appointment of at least one Singapore-based director (citizen, PR or qualified pass holder). Must be over 18 years old, No bankruptcy, Record of fraud or breach of trust, Bear statutory criminal liability for the company’s existence.

fully allowed. At least 1 person, Maximum 50 shareholders. No nationality restrictions for shareholders, Can be a natural person or an overseas legal entity. The sole shareholder can concurrently serve as a director of the company according to law.

The minimum paid-in registered capital is only 1 new currency, No maximum limit. Singapore does not impose capital stamp duty, Multiple currencies available, And there is no strict time limit on the capital payment period.

Not exempt. A qualified local resident legal secretary must be appointed within 6 months of establishment. If the company has only 1 director, The sole director is strictly prohibited from holding the position of secretary concurrently according to law.

Strictly prohibited. A physical address of a local entity in Singapore must be provided as the registered office, Used to maintain legal registers and receive official government letters (address requirements are provided by Hong Kong Huitong on behalf of them).

The government system is extremely efficient. Name search can take as little as 15 minutes, After formally submitting the case file, If not selected, detailed inspection will be carried out, Usually a few hours to 3-5 The electronic registration certificate (CI) and UEN will be issued within 10 working days..

Annual audit is exempted if any two of the following three items are met:: 1. Total turnover for the fiscal year ≤ S$10 million; 2. Total assets ≤ 10 million SGD; 3. Number of employees ≤ 50. However, financial records for 5 years must still be kept.

For qualified newly established companies, in the first three consecutive tax years, 75% exemption on the first S$100,000 of normal taxable income, 50% exemption for subsequent S$100,000. Qualifications such as shareholder structure and business exclusions should be checked; This is not all income tax-free for the first three years.

With ACRA confirmation notice, Company Articles of Association (Constitution) and Business Profile (BizProfile), After verifying KYC through Hong Kong Huitong guidance, Can be directly connected to DBS, Dahua, Open an account with a major local or international bank such as Overseas Chinese.

Suspected of using public assets for personal use or failing to disclose conflicts of interest, Faced with a fine of up to S$5,000 or 12 months’ imprisonment. Those who have violated regulations and failed to report three times within five years, Will be directly disqualified from being a director.

Won't. Company establishment and MAS financial licensing are handled separately, should be based on actual services, Customer and product judgment, Do not use the company's business scope as a substitute for authorization.

It is recommended to draw the shareholding chain up to the natural person beneficial owner, Organize parent company registration, Survival and authorization documents, and specify the signatory. register, Bank due diligence and tax reporting use data differently, should be checked separately.

Can refer toEstablishment and registration information of the Singapore company registration authority, Check corresponding systems and processing information.

brand, Trademark and company legal name are different concepts. contract, Invoices and account opening information should be able to identify the real contracting entity; When using a business name or renaming, Local registration procedures and name restrictions should be checked.

Incorporation proves the establishment of the entity, Not a business license from another country. Set up an office overseas, employee or regularly operating, Local registration may also be required, Taxation and industry licensing.

Equity capital is the equity capital invested by shareholders into the company; Registration fees are payable to the competent authority; rent, Accounting and personnel expenses are operating expenses. Quotes should be listed separately, And distinguish between one-time costs and annual maintenance costs.

First confirm that the company has been established, The signatory is authorized and the business covered by the contract has no additional licensing requirements. Responsibilities of signing contracts in the name of the preparatory company before establishment and undertaking of contracts after establishment, Should be arranged separately.

The absence of business income does not mean the absence of company registration and tax obligations. Should confirm compliance with local hibernation rules, and annual returns, accounts, Are tax and registered address maintenance still required?.

The registered address is the address where legal documents are received, Actual business address reflects business location. Address changes should be checked separately by the registration authority, tax, Banking and Contract Information Update Requirements, Make sure official notifications are delivered.