How to Register a Company in Singapore - A Guide to Company Formation

Registration of Singapore Company for the purpose of company formation in Singapore is the easiest and cheapest alternative for non residents coming to establish their businesses here. Companies can be established for trading purposes, investment, or for any other reason, with or without shares. The minimum capital requirement for company formation in Singapore is nil. There is however, no minimum share capital requirement for limited companies. Companies can also be established for business and trade purposes.

There are two Companies House agencies in Singapore to process the registration of company and its Articles of Organization. These are the Central Provident Fund (CPF) and the Singapore Corporation. Business and trade companies can establish their company registration in the Companies House under the business and trade section. Under the company formation in Singapore, the Companies House will prepare the incorporation documents, including the Articles of Organization, Memorandum and Articles of Association. All the necessary proceedings for company formation in Singapore will be taken care by the Companies House.

Two documents are generally required for company formation in Singapore. The first document is the Memorandum and Articles of Association. This should be drafted in accordance with the Singapore company formation law. This document is accompanied by a statutory declaration that duly acknowledges the presence of directors and shareholders of the company. The second document is the company formation certificate.

Both the document forms are to be attached to the statutory certificate. A copy of both the document forms is to be sent to the Company Registration Office in Hong Kong. On receipt of such documents, the office will carry out the company formation in Singapore. At the Company Registration Office, the applicant must produce original documents such as the Memorandum and Articles of Association duly executed by authorized officers. He also has to produce a register of shareholders duly executed by him and approved by the Board of Directors of the company. The register of shareholders needs to be registered with the Companies House.

If you wish to know how to register a company in Singapore, it is imperative that you take assistance from experts such as PEOs or corporate finance advisers. They can provide you with assistance regarding your company registration. Also, they can help you obtain the necessary accounting services in Singapore.

When you decide to establish an offshore company, you will have to appoint an effective company secretary who will be responsible for all matters pertaining to company formation in Singapore. You may hire a local agent if you are not ready to pay the cost of local registration. But, a company secretary plays a key role in company formation in Singapore. The company secretary is in charge of all matters pertaining to company formation in Singapore. He is also the one who receives and forwards all correspondence between the offshore company and the local agent.

After you have established an offshore company in Singapore, the next task is to find an efficient local bank account. All international transactions must go through Singaporean banks. You can look for a local bank account in the local newspapers. However, if you wish to open an offshore company in Singapore, you have to get a local bank account.

The last but not the least duty is to ascertain that the company formation in Singapore is done under the law of the country where the company is set up. There are several laws that regulate the functioning of an offshore company formation in Singapore. A company formation in Singapore should not be considered as legal loopholes. The company formation in Singapore should be free from all such legalities.