The establishment of a registration process for Singapore companies
Singapore, the whole name of Republic of Singapore, is an island country in Southeast Asia. Singapore is a multicultural immigrant country. Promoting racial harmony is the core policy of the government. Singapore is famous for its stable political situation and a clean and efficient government. It is one of the most international countries in the world. Singapore is a developed capitalist country in Asia. It is known as "one of the four little dragons in Asia". Its economic mode is called "state capitalism". According to the 2014 global financial center index (GFCI) ranking report, Singapore is the fourth largest international financial center following New York, London and Hongkong, and one of the most important service and shipping centers in Asia. Singapore is one of the members of the association of Southeast Asian Nations (ASEAN), as well as the WTO, the Commonwealth (The Commonwealth) and the Asian Pacific Economic Cooperation Organization (APEC) member economy, one of the legal currencies of the Singapore dollar (SGD).
Registering the advantages of Singapore company
1. set up Singapore as the headquarters of the global enterprise, enjoy the 0-17% preferential profit tax rate, exempt the double tax advantage, the law is sound, and the protection of intellectual property right is more in place.
2. Singapore is a member of ASEAN, with Singapore companies investing in China or ASEAN countries to enjoy international benefits.
3., avoid international trade risks and trade barriers, optimize international taxation, save costs and increase enterprise competitiveness.
4., internationalization of assets, trade financing and listing financing are more convenient. More opportunities for international capital support.
5. loose foreign exchange control, the global banking hub, the leading international financial centre.
6. the purpose of immigrated to Singapore can be achieved by registering Singapore companies and meeting the relevant conditions.
Regular requirements of Singapore company
Competent authority
The Singapore accounting and business control board (ACRA) is the only registrar and registrar registered by Private Limited Liability Company in Singapore. All companies are required to submit registration applications to the accounting and business control board and wait for approval.
Corporate name
After providing the name of the company you want to register, check the name with the Singapore accounting and business control bureau (ACRA) to confirm the availability of the company name. The name of the Singapore company must be in English. The name of the registered company can not be in conflict with the name of the existing registered company.
Standard legal capital (registered capital uncertainty)
The minimum registered capital of Singapore company is from the new currency of 1 yuan, with no upper limit. Singapore companies usually pay no strict time limit to the registered capital and do not impose stamp duty. The registered capital can be either new currency or other commonly used foreign currencies. Shareholders may decide to raise their registered capital and paid up capital at any time. They only need to fill out forms and pay fees in the registration bureau. A registered capital representative company may issue a limit on equity to the shareholders, and the company may issue shares within this amount and require the shareholders to pay the amount of the shares subscribed once or again. The paid and paid stock is the company's fully paid capital.
Directors and shareholders
Singapore Limited must have at least 2 directors, one of whom must be a Singaporean citizen or a permanent resident of Singapore or an employment permit holder. The number of directors, retirement and re-election should be specified in the company's rules.
One of the following conditions must be met by a local director:
1. Singaporean citizens
2. permanent resident of Singapore (PR)
3. entrepreneur certificate holder
The Singapore company law stipulates that the Singapore stock limited company has the independent legal person qualification. It can participate in litigation, possess assets, and generate debts.
The liability of the shareholders of a company is limited to the shares they subscribe (including the unpaid full amount). As long as the subscribed shares have been paid, the shareholders of the company do not have any other liability to the company's debts, unless the shareholders concerned provide a personal guarantee for the external debt of the company.
Company secretary
A company secretary must be appointed within 6 months after the establishment of the Singapore company.
The auditor
Within 6 months after the establishment of the Singapore company, a certified accountant firm must be appointed as the auditor of the company.
Registered address
Singapore companies must provide a local registration address in Singapore. If there is a change in the registration address, the Singapore accounting and enterprise control board must be informed within 14 days.
The establishment of a registration process for Singapore companies
1. after the name of the company is registered, the name of the company will be querying with ACRA to confirm the availability of the company name.
2. confirm the availability of the company name, provide the registration information and documents listed below, then download the registration form of Singapore company and fill in the form properly.
3. and ACRA reserve the name of the company. At the same time, compiling the articles of association and the following documents:
(1) the first appointment of a director
(2) the first notice of the appointment of the director and the Secretary
(3) consent to be the director of the board of directors
(4) Notice of registered address
(5) every other company has its own prospectus and articles of association.
4. submit the articles of association of the registered company to the Singapore accounting and business registration office and pay the registration fee of the specified amount.
5. the Singapore accounting and business registration office issued the certificate of incorporation to receive the registration certificate.
* if necessary, we can set up a company that does not use our standard company's outline and detailed rules and regulations, but the customer and friend need to pay the cost of making the typesetting. Welcome to us to ask for the quotation.
Company folders and company folders include the original and four copies of the company's articles of association and the regulations.