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All You Need to Know about Incorporating a Singapore Company
November 3, 2023Incorporating a company in Singapore is a straightforward process, but it’s important to have a clear understanding of the key aspects involved. Here’s what you need to know about incorporating a Singapore company:
1. Business Structure:
- Choose the most suitable business structure for your company. The most common choice is a Private Limited Company (Pte Ltd) due to its limited liability protection and flexibility.
2. Company Name:
- Choose a unique and available company name. Ensure that it complies with ACRA’s naming guidelines. You can check name availability and reserve it online.
3. Directors and Shareholders:
- You’ll need at least one director who is a Singaporean citizen, Permanent Resident, or Employment Pass holder. Shareholders can be local or foreign individuals and entities.
4. Company Secretary:
- Appoint a qualified company secretary within six months of incorporation. The secretary must be a natural person and a resident of Singapore.