logo
Wrong email address or username
Wrong email address or username
Incorrect verification code
back to top
Search tags: how-to-register-a-company-in-singapore
Load new posts () and activity
Like Reblog Comment
text 2018-12-21 07:17
Search for the Reliable Accounting Services

When you wish to make your dream of registering a company in Singapore a reality, then you should be aware of certain important things. There are certain norms or conditions that need to be followed which would help you to progress further without taking much time. You have to identify certain important things which are required in setting your business. So, if you are able to approach a good and genuine consultancy service, it would prove to be a bonus for you. This is because the perfect and reputed one would provide you with all important details on how to get the registration done in a swift manner. There would not be any type of hassle that would also make you save your precious time. Finding a one-stop solution is possible at FM Accounting & Consultancy services. We help you to provide all useful details that are required in order to incorporate your business in the right way. This would help you to focus your attention on other work as we would make sure that the registration gets done in the perfect manner. 

 

You can find enhanced productivity along with cost savings services to meet your right requirement. Our accounting services help you to maintain the best and proper records. You would be able to get accurate financial information without any problem. Our qualified and experienced Chartered Accountants can help to make things less complicated as well. Our packages are also quite affordable where you can find that it has helped in proving to be of much help to you. You would never find yourself spending much money for our services that we provide. By contacting us for a non-obligatory quote is also possible where you can find our services to be of much use to set up a company in Singapore.

 

At FM Accounting & Consultancy services, you can find useful assistance to register a company in Singapore. This would definitely help to make the process much convenient. We provide services like GST Registration, financial audit, strike-off company, etc to meet your business goal. So, you should try to seek our services without fail which would help you to find the perfect solution. We also provide corporate insurance which is very important for employees and companies. You can always rely on our perfect services where we would assist you in providing the best solution for registration of your company.

Like Reblog Comment
text 2018-12-17 08:05
How to Register a Pte Ltd Company in Singapore

Are you worried about whom to contact and how to register a Pte Ltd company in Singapore? Well, there is no cause to worry. Accounting & Corporate Regulatory Authority (ACRA) acts as the Company Registrar. And, the majority of business owners outsource the task to one of the Singapore incorporation services providing firms.

 

The business owners choose to set up a private limited company (Pte Ltd company) over other types of businesses. A Pte Ltd is a dynamic and scalable business structure. It is a legal, taxable entity in Singapore independent of its shareholders and inspires confidence in its investors and creditors.

 

Singaporean and foreign business owners are advised to seek professional assistance from incorporation services in Singapore. The process is straightforward. With all the necessary documents in hand, these firms can register your company with ACRA within a short time.

 

Key Pre-Incorporation Requirements

 

How to register a private limited company in Singapore is not a puzzle at all. The experts from your incorporation agent will advise you about the documents, process, and the necessary steps.

 

There is a set of private limited company Singapore requirements that you should be aware of. They are as follows:

 

  • At least one shareholder (an individual or a corporate)

  • At least one resident director

  • At least one company secretary

  • Minimum of $1 as initial paid-up share capital

  • A registered physical office address in Singapore

 

Documents Required for Singapore Company Registration

 

The following are the short descriptions of the documents that your services provider needs so as to form a Singapore company for you.

 

Registered Company Name

Create a list of names for your proposed company and see to it that they reflect your business activities. Your provider will check the availability of these names and register one for your use. It should also be suitable as the web address of your business website.

 

Description of Business Activities

This document gives a brief description of your business activities. You will need correct Singapore Standard Industrial Classification Code 2010 (SSIC code) to put on the application to register your company. Your services provider will advise you about the proper SSIC code to describe them.

 

Shareholding

You need a minimum of $1 in initial paid-up capital at the time of . Once formed, the company secretary issues one or more shares to its initial shareholder.

 

Later, the new company may issue more shares and raise capital for its business activities. The total number of shares multiplied by the nominal value of a share represents company's issued share capital.

 

Shareholders' Agreement

The shareholders' agreement is a document that defines the relationship between the shareholders and their rights and obligation. It is a must-have document. You can rely on it to avoid future disputes among shareholders.

 

It is only proper that the brain behind the company gets the lion's share. However, it means having the controlling rights in the company. It is the only way to protect your interests.

 

Particulars of Shareholders

An individual or a corporate entity can be the owner or a shareholder by starting a Pte Ltd company in Singapore. The shareholders can be as many as 50.

 

A shareholder can also act as the director of the company. One of the USP of registering a business in Singapore is that the country allows the foreigners to own 100% shareholding in their company.

 

Particulars of Directors

A company incorporated in Singapore must appoint at least a local director to direct and manage its affairs. Only a natural person, approved by the government, can be a director of such a company.

 

The director has to be an ordinary resident in Singapore which includes a Singapore citizen, a permanent resident, an EntrePass, or an Employment Pass holder. The foreign business owners can hire an ordinary resident as the director, or they can get the nominee director services from one of the incorporation services.

 

Particulars of Company Secretary

The companies incorporated in Singapore must appoint at least one company secretary within the six months of their dates of registration. They are is charged with the corporate governance and statutory compliance of the company.

 

Only a natural person can be the company secretary. They are expected to have mastered the knowledge and skills required for the job. In most cases, it is sufficient for the private limited companies. However, public limited companies must hire qualified and certified company secretaries.

 

Registered Local Address

You need to register a local physical address or registered address for your company's office. It cannot be a P.O. Adress. You can use the residential address for this purpose under the Home Office Scheme; though, you must obtain permission from the appropriate authorities like HDB.

 

The officials from the Singaporean regulating agencies use this address for the official communication with the company. They might also visit the same to check the company incorporation documents, company register folder, etc.

 

Auditor

It is must for the Singaporean companies to employ an auditor within the three months from its date of incorporation. However, it is not necessary to do so if the company is exempted from the audit requirements.

 

M&AA or Model Constitution

The Memorandum specifies the business activities the company may indulge in. The Articles of Association mentions the rules for governing it's internal management. You could use a model constitution prescribed by ACRA. Alternatively, you could use the customized model constitution to suit your business needs.

 

How to Register a Private Limited Company in Singapore

 

The authorities have simplified the process for setting up a private limited company in Singapore. There are only two procedures in it; a)Company Name Approval and b)Applying to ACRA to register a company.

 

Your incorporation agent initiates the process upon receiving the Singapore company registration cost. You also need to pass on all your incorporation-related documents to them.

 

You have to be careful in what you choose as the name of the proposed company. If it includes terms like 'Bank,''Education,' 'Financial,' 'Casino,' etc., the application gets referred to the higher authorities and may need two months for the approval.

 

Incorporation Documents that You Receive

 

After the successful incorporation of your Singapore company, the Company Registrar (ACRA), sends you or the incorporation agent an email.

 

Incorporation Certificate

The ACRA's email contains the soft copy of Incorporation Certificate. It is legitimate in Singapore. It contains the Unique Entity Number (UEN) of the company. Your agent can get its hard copy by paying a small fee to ACRA.

 

Business Profile

Your agent can also extract the business profile of the company by paying a small fee. This is an important document. It contains the company name, the registration number of the company, date of incorporation, its business activities, paid-up capital, registered address, etc. It also documents information of the company's shareholders, directors, and the company secretary.

 

Share Certificate

After the formation of a company, its company secretary issues share certificates to its shareholders. It is the proof of ownership of company's shares. It shows the number of shares issued to the shareholder.

 

First Board Resolution

During the first meeting of the board of directors, a pro-term chairman is selected unanimously to conduct the meeting. Once the quorum is determined, the proceedings of the meeting start. Then, the resolution is passed to appoint the shareholders, auditors, and directors of the company official.

 

Resolution for Opening Corporate Bank Account

A private limited company has an identity independent of its directors and shareholders. It is also a taxable entity in Singapore and needs its own bank account to facilitate its financial transactions. The resolution to open a corporate bank account is passed by the board of directors. It also mentions the signatories to the account in it.

 

Company Seal and Permits

Your provider of Singapore company incorporation services may assist you in obtaining company seal and stamp. You may feel that you are ready to start your business activities. But, first, check, if you need any business licenses and permits. Ask your services provider to apply and acquire them.

 

Singapore company incorporation process is a streamlined affair. How to register a Pte Ltd company in Singapore is not at all a challenging issue. The challenge lies ahead in facing the competition in the eye and applying your ingenuity to overcome it.

 

 

Source: www.sbsgroup.com.sg/blog/procedure-to-register-company-in-singapore
Like Reblog Comment
text 2018-07-04 07:27
Make a good effort to opt for company register Singapore

If you wish to expand your business in the perfect manner then it is very important for you to find the best guidance. All efforts should be made where you have to find the right consultancy services for it. Unless all the rules are known to you, it would never be easy to get your company get registered. It is important for you to find out all good details as to whether it would be possible to get reliable services. This would help in making the registration process much faster that would also prove to be quite effective for you. If you make good attempt to find the best services for company register Singapore, then FM Accounting & Consultancy can really provide the perfect support. You can make the best decision to opt for our highly reliable services where you can start your business in Singapore.

 

We offer the best advisory services where we help you to get all your queries cleared. Our highly experienced professionals make use of the right skills so that it becomes much convenient for you to enjoy the maximum benefits out of it. So, you can surely make a good attempt at selecting our services for your requirement where you can get the perfect legal advisors. We also perform an internal audit that helps to keep track of your right expenses. Therefore, you should make the best decision to connect with our proficient team. You would find that your dream to run a business in Singapore has truly become a reality.

 

Our best support for tax filing services at FM Accounting & Consultancy can help to add fuel to your business. We have got all the perfect knowledge on how to make your business get the perfect growth. You can also find it to be quite fruitful when you try to connect with us for company secretary package. Our services are quite affordable and so you can always find yourself saving your money. We know how to deal with your business registration that would lead to providing maximum advantages to it. So, you should make the best attempt to connect with our experienced professionals without fail.

Like Reblog Comment
text 2018-01-03 11:51
Most Outstanding And Trusted Company Establishment And Secretarial Services In Singapore

It has always been a matter great priority for any businessmen all over the world to find the best location and area where the prospect for growth and development is very high. It is indeed a very true fact that the location plays a very important role in the success or failure of a business and setting up a business which is connected to an international market helps any businessmen to a very great extent. The most beautiful island city Singapore has always been recognized as one of the most renowned business centers of the world with many other businesses and MNC’s operating in the city and from the Singapore very successfully for many decades. This trend actually attracts many people from other countries to visit Singapore and start a new business. As a company we are one of the most prominent and recognized in the market of Singapore and our main services include in assisting and helping our clients from different countries and cities to successfully incorporate company in Singapore and it requires the help of professionals since the Government Singapore requires various formalities and procedures to be fulfilled and these rules and regulations are mandatory.

 

 

Besides that it has been many years that we have been serving in the market of Singapore and have gained a very high reputation and also greatly appreciated by all our clients due to our dedication and success. We also avail the most efficient and professional corporate secretarial services Singapore and having a very great understanding about the high demands and standard of the corporates we work accordingly. It is always our first priority to deliver the most unique and outstanding services and we never compromise with the quality of our work and we believe in maintaining a very good reputation and relationship with all our clients and customers.

More posts
Your Dashboard view:
Need help?