All About Setting up a Company in Singapore Benefits of Hiring Professionals for Incorporation of Company in Company formation Singapore in Singapore is walk in the park if you pay
attention to the documentary requirements and consult an able agency, which will guide you through the whole procedure. Make sure to hire the best agency. Benefits of Hiring Professionals for Incorporation of Company in Singapore
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ingapore is known for its user friendly processes for establishing a new company. The procedures involved are many but can be completed in a matter of few days; thanks to the computerized mechanism and efficient corporate laws. Company formation in Singapore can be very easy, if you consult the right agency.
A step by step guide encompassing all processes for company formation in Singapore are mentioned below. Eligibility criteria : The following are the minimum requirements to be eligible to incorporate a company in Singapore: Minimum one director and one shareholder At least one director should be a Singapore resident One Company secretary who is a local resident
A local registered address of the company A minimum of one and maximum of two business activity code to reflect in company profile All constitution documents to be submitted Minimum share capital of $1 Association with Corporate Service provider such as Quick Company Formation to file application with ACRA through Bizfile
Documentary requirement: The following documents are to be submitted for incorporation: Copy of NRIC for local director. If local director is a foreigner residing in Singapore, copy of his FIN card and address proof Copy of Identity and address proof of individual shareholders Copy of incorporation certificate and address proof for corporate shareholders
Copy of Address proof and copy of passport of foreign director Copy of Consent Act as Directors and Consent Act as Company Secretary Copy of customized Constitution documents is essential for company formation in Singapore Step by Step Process: The steps involved in incorporating a company in Singapore are: Choosing a unique name for the company and reserving it through application made in Bizfile Constitution documents, Consent Act of directors and Company Secretary and Nominee director and/or Corporate secretarial and/or registered office agreement are to be signed Once name is approved, additional details such as registered address, company secretary details, share capital details, etc. to be provided and application to be filed for incorporation
Payment for incorporation application is to be made which can be done online via using E-nets/Visa or MasterCard or a direct debit from Singapore based local banks via online banking. An optional step of purchasing business profile can also be followed Immediately after payment, the company registration number is displayed on the payment receipt. Business activities can be commenced immediately post receipt of the same. An e mail confirming incorporation is received shortly
Post Incorporation: A lot of activities follow post incorporation of the company. These are as follows: An E certificate confirming incorporation is received Business profile may be purchased as it is required to open bank account It is mandatory to issue share certificates after incorporation
It is mandatory for all Singapore companies to have a common seal All invoices and letterheads should mandatorily bear the company registration number (UEN No.) Opening a bank account which is optional in Singapore Other statutory things like Income tax, GST and Customs
registration and annual renewal which is an optional requirement. Though the steps seem to be multilayered, it only takes 2-4 business days for company formation in Singapore and successfully commence operations in the city where it is most easy to do business.
About Us Quick Company Formation is an eminent name in the field of Company Incorporation in Singapore and various other countries spread across the world. It offers end to end solution for a new start up that enables a company to establish, take off and manage day to day operation. Follow Us: /quickcompanyformation /quickcompanyformation
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