Singapore company registration

1. Singapore’s business advantages

1. Strategic location：Business advantages radiate to Southeast Asia and even the world，Is an excellent trade and logistics center。
2. tax advantages：Very low business and personal taxes，Is the best place to transfer personal assets，Known as Asia’s tax haven。
3. Foreign exchange controls are relaxed：A gathering place for global banks，A premier international financial center。
4. Mature credit system：Strict business practices，Known as the safest country for doing business。
5. Convenient location：Only five hours flight distance from China，Convenient to handle business in both places。
6. Immigration opportunities：Register a Singapore company and meet the corresponding conditions，Can achieve the purpose of immigrating to Singapore。

2. Information related to registering a company in Singapore

The Accounting and Corporate Regulatory Authority of Singapore (ACRA) is the sole authority and registration authority for private limited company registration in Singapore。All companies to be registered must submit an application to ACRA and wait for review and approval。After successful company registration，It can be formally established under Chapter 50 of the Singapore Companies Act.。

Special instructions：If the company is engaged in an industry that requires approval from other government regulatory authorities (such as the catering industry、tourism、Pharmaceutical industry, etc.)，You must obtain relevant licenses before you can operate.。

3. Conditions for registering a company in Singapore

1. Shareholder requirements：Legal citizens aged 18 and above can apply to establish a Singapore Private Limited Company。There are no restrictions on the composition of shareholders，It can even be all non-Singaporeans。
2. Director requirements：The board of directors may consist of one or more directors，But must include at least one local director (local director refers to a Singapore citizen)、Permanent residents or foreign entrepreneurs holding an Entrepreneurship Pass)。

4. Materials required to register a company in Singapore

1. Company Name：Must be an English name，Registration of Chinese names is currently not accepted。
2. Registered address：Must provide a local registered address in Singapore。If address changes，ACRA must be notified within 14 days。
3. Business scope：You can select up to 2 business projects。
4. Registered capital：Starting from SGD 1，No upper limit。The registered capital can be in Singapore dollars or other commonly used foreign currencies.，There is no strict payment time limit。
5. First financial year end date：cannot exceed 18 months。
6. Shareholder and Director Information：Copy of shareholder’s ID card (or passport)、Shareholding ratio and copy of director’s ID card (or passport)。
7. legal secretary：The company must appoint a company secretary within 6 months of its establishment。

5. Singapore company registration process

1. Fill out the registration application form；
2. Name check；
3. Sign relevant signature documents；
4. Prepay 70% of registration fee；
5. Submit to Singapore Government for registration；
6. 7-10Complete registration within 1 working day。

6. Information obtained after successful registration

1. business license；
2. Registration information (showing the company’s establishment time、Registered capital、director、secretary、Annual report time, etc.)；
3. Registration information certification；
4. Share certificate；
5. Articles of Association；
6. First board resolution document；
7. 1 Singapore company steel seal and 1 company business seal (offset seal)；
8. Bank account opening documents；
9. First year of business secretarial services。

7. Singapore company follow-up maintenance information

1. Audit requirements：
   • The company must hire an auditor within 3 months of establishment，Unless the exemption provisions of Chapter 205B or 205C of the Companies Act are met。
   • Audit exemption conditions：
     • The company has no more than 20 shareholders；
     • All shareholders are individual shareholders，No corporate shareholders；
     • Annual turnover not exceeding S$5 million。
2. shareholders meeting：
   • Chapter 175 of the Companies Act provides，Companies must hold a general meeting of shareholders (AGM) before shareholders can approve annual financial reports。
   • The first general meeting of shareholders must be held within 18 months after the company is registered.，Thereafter, a general meeting of shareholders must be held within each calendar year and not exceeding 15 months.。
   • The date of the annual financial report cannot be earlier than 6 months before the date of the general meeting of shareholders。
3. financial reporting：
   • Chapter 197 of the Companies Act provides，One month after the general meeting of shareholders，Financial declaration is required (Annual Return)。