Foreign investors and entrepreneurs looking to register Pte Ltd company in Singapore can take the advantage of flexible policies and great incentives. Singapore offers the perfect environment for foreign businesses, and more than 25,000 offshore companies operate in the country, including over 7,000 multinationals. Here are the things you should know to get started.
As a foreign investor or enterprise, you have three different choices. The first option is a branch office, which works like an extended part of the parent company. The liabilities and debts of the branch are not separate from the parent company, and when you submit your audited accounts and books, you must also submit the accounts of the main business. The second choice is a representative office, which is more like a makeshift office, which can be maintained for a period of three years without the intention of profits. The most preferred and convenient option is a subsidiary company, which is treated as a separate entity in Singapore. The parent company can have 100% shareholding in the subsidiary, and that’s one of the many benefits.
How to Register Pte Ltd?
- Decide a name for your business that doesn’t infringe an existing trademark or is not obscene in any context. Next, you need to file an incorporation form along with forms for “Memorandum & Content of Association”. If you are unsure of how to go ahead with all these steps, VentureHaven can help. We will do the required paperwork so that you can focus on the core operations.
- Do take your time to know the Singapore Companies Act in detail. Frequent amendments are made to the act, so make sure to check for updated information. Next, you need to consider the need for additional approvals and licenses, which are a must in certain industries and must be acquired from the required government agency.
- For incorporating company Singapore, you need to have at least one local director, one company secretary, and one shareholder. The director of the company must be a Citizen/Permanent Resident of Singapore. A company may have 50 shareholders at the maximum for private limited companies. The company secretary for your business must be appointed within the first six months and must be a resident of Singapore. The minimum paid up capital of the company should be S$1. Also, your business should have a registered local company address.
Register Pte Ltd
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