December 6, 2023

How to Open Company in Singapore

A vibrant international hub where East meets West, Singapore is a highly desirable location to open company. Singapore is known for its streamlined bureaucracy, stable economy and well-established infrastructure ecosystem. The country is also a preferred destination for investors due to its strategic location, economic policies and a robust business advisory network. It has an excellent global reputation as a trusted investment and business hub with high levels of transparency, a well-established legal system and a low corporate tax rate.

When you register a company in Singapore, it becomes a separate legal entity with limited liability to its shareholders. It has to comply with various rules and regulations set out by the Accounting and Corporate Regulatory Authority (ACRA). The process is simplified for new businesses as the Memorandum and Articles of Association have been combined into one document, the Constitution, for submission to ACRA.

The company structure you choose will determine your ownership and liability, as well as the type of business activities you can conduct. The most popular option is a private limited company or Pte Ltd, which offers credibility and scaleability. This structure protects your personal assets against company liabilities and allows you to raise funds through equity.

A minimum of one shareholder is required for a Singapore company, but they can be natural persons or companies. You must also have at least one director and a company secretary, who can be either natural persons or foreigners. If you want to start a business from abroad but do not have a resident director, we can offer nominee directors and secretaries. open company in Singapore

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