Requirements To Be Met For Incorporation in Singapore
A Few Steps To Start a Company
We all know that Singapore is the largest city-state in Southeast Asia. It is the only island city-state in the world. Since the economy in Singapore is the freest and most suitable for doing business, many business people establish their incorporations there. We have prepared everything for you on Singapore business incorporation.
Singapore is the world center of trade, transport and finance. Therefore, if you want to be successful in business, you can start a company in Singapore. But as with any company establishment, certain conditions must be met. First of all, you must choose a suitable name, which can only be approved by the Register of Companies and Enterprises. The name of your future company must not be the same as any existing company and must not contain words that are politically inappropriate or vulgar. You must also obtain all the documents for the incorporation of the company.
The director of the company must have a place of residence in Singapore, meaning that he is a citizen of Singapore or has a permanent work permit. If there are several shareholders and they do not have a place of residence in Singapore, it is necessary to prepare their passports. The share capital you must have when registering a company is only 1 Singapore dollar. This capital can be increased at any time after its establishment. Capital can be in any currency. Apart from this, the basic activities of the company must also be mentioned. It can have a maximum of two main activities. Also, the director of the company must be determined, as well as who are the company’s shareholders.
About everything you are interested in setting up an incorporation in Singapore, one click on Singapore business incorporation is enough. You have all verified and correct information in one place.