If you are unfamiliar with Singapore incorporation requirements, it is advisable to use an incorporation agent. An incorporation agent such as Rikvin
FAQs: Singapore Company Incorporation
Here are the basic questions and answers you need to know before forming a company in Singapore.
Can I open a corporate bank account for my Branch Office in Singapore?
Yes, you may open a corporate bank account with any of the local or international banks based in Singapore, and in some cases, overseas. If you are
Can I open a multi-currency corporate bank account?
Yes, most banks in Singapore will allow you to open multi-currency accounts or different accounts for different currencies.
Can the corporate bank account be opened before the company is setup?
The bank account can only be opened once the company has been incorporated. With Rikvin’s company formation services, we will prepare the necessary
Do I need to be in Singapore to have the subsidiary incorporated?
To form a Singapore subsidiary, you are not required to visit Singapore to incorporate the company. We can handle the entire incorporation process via
Can a shareholder of a company apply for an Employment Pass (EP)?
Yes, a shareholder can. However, if it is a newly established company, it is important for the company to show that it is able to generate enough
Can a Personalised Employment Pass (PEP) holder start their own business in Singapore?
The Personalised Employment Pass (PEP) does not allow you to register a business in Singapore. The pass is intended for professionals who wish to be
As a foreign entity, should we incorporate a subsidiary or register a branch office in Singapore?
Majority of our overseas SME (small and medium enterprise) clientele prefers to incorporate a Singapore Subsidiary rather than set up a Foreign
Are there reasons for a delay in name reservation by ACRA?
Yes, the Accounting and Corporate Regulatory Authority (ACRA) may randomly carry out a due diligence exercise, which may delay the name
Are there reasons for a proposed company name to be rejected by ACRA?
The Accounting and Corporate Regulatory Authority (ACRA) will reject the proposed name if: It is identical to the name of another local company,
Are there restrictions on the types of names I can use for my Branch Office?
Yes, the Branch Office name must be the same as the parent company. ACRA must also approve the name. A name will be rejected if: It is identical
Are shareholders liable for companies’ debts?
A shareholder is not liable for the debts or other obligations of the company except to the extent of any commitment made to buy shares. The benefits
