Private Limited Company Registration
Register a Private Limited Company in Singapore
Private Limited Company is the most popular business entity in Singapore. Unlike business entities such as a Sole Proprietorship and Partnership, it has a separate legal status from its shareholders and directors who have limited liabilities for the debts and losses of the company.
It has the rights to own properties. It usually has the words ‘Pte Ltd‘ or ‘Ltd‘ as part of its name. In many European countries or the US, it is commonly known as a corporation.
Rikvin is Singapore’s leading specialist in Singapore company registration. You can engage Rikvin to assist you with the registration of a Singapore Private Limited Company with ACRA.
- Overview
- Documents
- Process
- Package
- Optional
Overview
Features of a Private Limited Company
- A legal entity separate and distinct from its shareholders and directors
- It can sue or be sued in its own name
- A minimum of 1 and a maximum of 50 shareholders
- A subsidiary company, with at least one individual shareholder with a minimum of 10 percent shareholding, is entitled to local tax and development incentives
Singapore Company Registration Requirements for Singapore Private Limited Company
- Minimum 1 Shareholder
- 1 Resident Director
- 1 Company Secretary
- Minimum initial paid-up capital is S$1
- A Singapore registered office address
Tax Exemption for Qualifying New Start-up Companies
Singapore tax regime recognizes the importance of easing cash flow for startup companies in their initial years of operation, therefore the system extends support in the form of sizeable exemptions to resident companies.
Notes
If you are a Singapore resident and you want to set up a company, you will need to do the following:
- Engage Rikvin to assist you with the incorporation of your company with ACRA.
- You can also drop in at our office and we can help you register with ACRA in less than an hour.
Documents
Process
Package
Optional
FAQ on Private Limited Company Registration
- Is Private Limited Company the best option in Singapore?
- In addition to the huge tax advantage, and benefits of over 100 comprehensive trade agreements with jurisdictions across the world, one of the major advantages of incorporating a private limited company is that it is a separate legal entity and is limited by shares. As a result, shareholders of a Singapore company are not liable for its debts and losses beyond their amount of share capital.
- What documents are required to incorporate a company in Singapore?
- You need to have a:
- Passport copies of proposed shareholders and directors with Residential address proof.
- Details of the parent company if the shareholder is a corporate entity.
- How do I set up a private limited company in Singapore?
- The key requirements are:
- at least one shareholder which may be an individual or a corporate entity
- one resident director (either a Singapore citizen, permanent resident, Employment Pass holder or a Dependant Pass holder)
- one resident company secretary
- initial paid-up share capital of at least S$1, or equivalent in any currency
- a physical Singapore office address, and cannot be a PO Box.
Once these are satisfied, the following steps are followed
- Choosing a Business Structure
- Choosing a Business Name
- Choosing a Company’s Business Activities
- Step up a New Company with details of shareholding, company directors, and local address
- Appoint a Company Secretary
- Appoint an Auditor
- Memorandum and Articles of Association
- Get the business licenses and permits
- Trademark and customs registration.
- Can foreigners register a company in Singapore?
- Whether you are a foreign individual (entrepreneur, investors etc.) or a foreign company, you have lots of business registration options to choose from. But the most popular way for a foreigner to start a business in Singapore is to incorporate a private limited company. Then you can choose whether to relocate to Singapore (by applying for a Employment Pass), or simply incorporate a company in the city-state and appoint a nominee resident director. Another option is to incorporate a Singapore company with EntrePass, which comes under the scheme Startup SG Talent.
- What do you need to start a business in Singapore?
- You need to incorporate a private limited company (the best option) to start a business in Singapore.The key requirements are:
- at least one shareholder which may be an individual or a corporate entity
- one resident director (either a Singapore citizen, permanent resident, Employment Pass holder or a Dependant Pass holder)
- one resident company secretary
- initial paid-up share capital of at least S$1, or equivalent in any currency
a physical Singapore office address, and cannot be a PO Box.
Form a Private Limited company in Singapore with speed, ease, and value
An hour is all we need. Coupled with transparent, highly-competitive pricing and timely, committed support, your Private Limited company registration is made easy.
