Company Registration Singapore - Start Your Business With SBS Consulting - PowerPoint PPT Presentation

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Company Registration Singapore - Start Your Business With SBS Consulting

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Complete guide to register a company in Singapore. Learn about Singapore company setup requirements, incorporation timeline, and company formation procedures in detail. – PowerPoint PPT presentation

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Title: Company Registration Singapore - Start Your Business With SBS Consulting


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Incorporation of LLC (Limited Liability Company)
  • Exempt Private Company- 20 members or less/ none
    of the shareholder is a corporate entity
  • Private Limited Company No. of shareholders
    limited to 50
  • Public Company limited by guarantee

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Filing of Application Form
Who can Incorporate a Company in Singapore?
  • Foreign Individuals
  • Foreign Companies
  • Local Residents of Singapore
  • Local Singapore Companies

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Foreign Individual
To incorporate a company, a foreign individual
must
  • Secure an Employment Pass or
  • Apply for EntrePass or
  • Appoint a Local Nominee Director

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Foreign Companies
1. Subsidiary Company A private limited company
that can have the parent foreign company as a
major shareholder. 2. Branch Office A branch is
a merely an extension of the foreign parent
company. It does not have a distinct legal
identity. 3. Representative Office An office
set up mainly for the purpose of market research
and studying business potentialities.
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Local Residents of Singapore
Business Structures
  • Sole Proprietorship- Owned by single person and
    have no legal identity
  • Private Limited Company - Popular for its
    scalable nature, limited liability to
    shareholders.
  • Partnership- Owned by two or more person with no
    distinct legal identity
  • Limited Partnership- Consists of General and
    limited partners
  • Limited Liability Partnership- Has own legal
    identity and limited liability of the partners.

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Private Limited Company
The Most Popular Structure for Locals
Foreigners is Private Limited Company, a Type of
Limited Liability Company The registration of
company can be completed in two Steps
  1. Company Name Reservation and
  2. Company Registration

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Company Name Reservation
  • Get the proposed company name approved before
    registration.
  • The name must be unique, nonidentical or
    phonetically different from any existed company
    name.
  • It should be devoid of any vulgar or obscene
    word.
  • Infringement of copyright issue must be avoided.
  • Use of certain words like "Bank," "Insurance,"
    "University," etc. needs the approval of the
    external authority.
  • Once approved by the authority, it remains
    reserved for 60 days.

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Other Requirements
  • At least one local resident director must be
    appointed. Singapore Citizen, PR (Permanent
    Resident) or bearer of EP/EntrePass.
  • The director must be 18 years of age and above.
    He should not be bankrupt or convicted in any
    malpractices.
  • The number of shareholders has to be between 1 to
    50. Both individual and corporate entity can be a
    shareholder. 100 local foreign shareholding is
    allowed.
  • Appointment of a company secretary has to be done
    within six months from the date of incorporation.

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Documents Required
  • Non-resident Individuals Copy of passport,
    residential address proof of native country
  • Singapore Residents Copy of Singapore identity
    card
  • Corporate Entity Copy of Certificate of
    Incorporation Memorandum and Article of
    Associations of the overseas company.

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What We Offer are
  • Name Check availability and reservation
  • Preparation of incorporation documents
  • Payment of ACRA Fees
  • E-Certificate of Incorporation
  • Company Business Profile with UEN No.
  • Minutes of First Board Meeting
  • Share certificate(s)
  • Common Seal
  • Preparation of Company Kit
  • FREE Registered Address Company Secretari
  • Bank account opening Assistance (FREE)

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SBS CONSULTING PTE LTD
SBS Consulting Pte Ltd, incorporated in 2010, a
Singapore firm that has been catering to a pool
of entrepreneur aspirants with a host of
corporate services. Apart from the core service
of company registration Singapore, the firm is
forefront in offering a gamut of unparalleled
services in the industry. Accounting,
bookkeeping, XBRL filing, GST, AGM filing,
payroll Corporate Tax, secretarial services and
so on are to name a few.
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SBS CONSULTING PTE LTD
Office Address High Street Centre, 17-02, 1
North Bridge Road, Singapore Phone 65-6536
0036 Email info_at_sbsgroup.com.sg
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