Trademark Registration

Formation of Singapore Company - Incorporation Requirements

 

Accolade Corporate Services Limited

Rm 701-2, 7/F, Fu Fai Commercial Centre, 27 Hillier Street, Sheung Wan, Hong Kong.


Tel .+852 3521 2888
Fax +852 3521 2800
Email info@accolade.hk

........ info@accoladegroup.com.hk

 

WhatsApp/WeChat:

HK LTD......... +852 6567 0408

Offshore ..... +852 9635 6038

Accounting .. +852 6503 8811

 

 

Beijing Branch

Room B032, 8/F, Block A, U-Town, Sanfeng Beili Building No.1, Chao Yang District, Beijing , China.

 

China Hotline +86 1057164618

 

 

Office Hours﹕

Monday to Friday 09:00 - 18:00

Saturday, Sunday and Public Holiday Off

 

 

 

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Set-up procedure


1. Fill up our order form providing information on the choice of company name, nature of business, and details of the shareholders / directors
2. Submit the form back to Accolade for check of name availability and preparation of pre-incorporation documents for signing
3. Upon payment, company is incorporated immediately.

Background:

Singapore sits off the southernmost tip of Peninsular Malaysia about 137 kilometers north of the equator. The Republic is made up of the island of Singapore, which is 42 kilometres long and 23 kilometres wide, together with about 60 smaller islands. The population is approximately 3,015,000.

Advantages of Singapore Company:

  • Limited liability for shareholders. This means that if the company fails, the shareholders may lose the entire value of their shares but no more, unless they have given guarantees.
  • A company has its own legal identity. This means that, it can enter into legal agreements, it can own property, it can sue and be sued all in its own name. It will continue to exist, even if its shareholders or directors die, resign or go bankrupt.
  • It is easier to transfer the ownership of a company than an interest in a partnership, as all that is required is a transfer of shares, subject to the company's constitution.
  • Clear structures are laid out in the Companies Act governing the organisation and procedures to be followed by companies.
  • The minimum number of shareholders and directors is one.
  • Companies may find it easier than partnerships to borrow, as they are able to create floating charges over its assets.
  • Incorporation is sometimes seen as supporting an image of status and credibility.
  • Exemption Private Limited companies owned by individual shareholders need not audit its accounts if the company's annual turnover falls below S$5 million.



Set-up Requirements for Formation of Private Limited Company

1. Minimum 1 Shareholder + 1 Director + 1 Company Secretary
2. Shareholders may be corporations or individuals
3. At least one Director must be a resident of Singapore. i.e. Singapore Citizen/ Singapore Permanent Resident (PR)/ Singapore Employment Pass Holder (We can act as your company's local nominee Director, if required, for a fee)
4. The Shareholder can also act as Director
5. The Company Secretary has to be Singapore resident
6. Sole shareholder and director cannot act as Company Secretary
7. Minimum initial paid-up share capital is S$ 1.00
8. A Singapore Private Limited Company must have a Registered Address in Singapore