Valuable Information On Singapore Company Registration
By: BrianPerez | Posted: 04th January 2011
Singapore is not just known as one of the most admired business capital in the world but the country is also known for giving world class services not just in local but also international.
To provide and assist applicants with their needed requirements and with some sort of legal assistance is the main purpose of company registration specialist.
Listed below are essential ideas or information that an applicant should always remember in registering a company in Singapore. Note taking is highly suggested
Company Name. Approval of company name should be done first before incorporation in Singapore.
Directors.A minimum of one resident director is mandatory. There is no limit on the number of additional local or foreign directors a Singapore Company can appoint. An individual aged 18 years above with clean reputation is a qualification for a director.
Shareholders. Only a minimum of one and maximum of 50 shareholders are prohibited for each company. A director and shareholder can be the same or different person. Different nationality will not affect shareholding as Singapore allows any participating individual with different nationality.
Company Secretary. Companies should always present a secretary even before the incorporation of their company. Requirement for a secretary is that he/she should be a local resident in nature.
Paid-up Capital.Minimum paid-up capital for registration of a Singapore company is S$1. Increasing of paid up capital is allowed anytime.Concept of Authorized Capital for Singapore companies is not considered.
Registered Address.Registered address should be a local Singapore address to be approved. Physical address is only allowed so P.O Box is considered invalid address.
Taxation. One main attraction in Singapore for businessmen is that they have this some sort of tax exemptions which would give a great advantage to them. Businessmen think that they are fortunate for having some tax exemptions that's they always make it a point to invest in Singapore.
Asking assistance from legal business registration firm in Singapore will help a lot because some information is not provided in here.
Resource Box:
Asiabizservices is the leading Singapore Company Incorporation Services Specialists. It has successfully helped thousands of foreign entrepreneurs start a Singapore company. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.This article is free for republishing
Printed From: http://www.goinglegal.com/valuable-information-on-singapore-company-registration-1927160.html
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Tags: physical address, main attraction, business capital, company registration, registered address, shareholding, legal assistance, tax exemptions, company secretary, singapore company, company in singapore, singapore companies, resident director