When aspiring business owners want to initiate Singapore company registration process with ACRA, they get in touch with an experienced incorporation services provider. It is the best way for the locals & foreign owners to get answers to queries regarding the implementation of business ideas, plans, business structure to register, grants, etc.
Singapore authorities have purposefully kept the process to register a company simple. Still, an expert from Singapore company registration services is of great help to the business owners in avoiding any unwanted delays & completing the task successfully.
And, “Yes!,” the foreigners (individuals and corporate) can also register their Singaporean company without any difficulty. They are also allowed to own 100% of its shares.
Register a Company with Companysecretarysingapore.com
Companysecretarysingapore.com is one of the reliable provider of business registration services in Singapore. At $699, we offer the most cost-effective private limited company registration package to our clients. It comes with FREE company secretary and FREE registered local address services.
We, assist both locals and foreigners, in completing the process for the company registration in Singapore as fast as possible. Generally, it takes only 2-3 days. If the application gets referred to the higher authorities then, the approval may take up to 2 months.
Registering a Singapore Private Limited Company (Pte Ltd)
Our experts discuss the business structures available to the owners. However, the trend is to register a private limited company. It has many advantages over registering a Sole Proprietorship or a Limited Liability Partnership.
There are many reasons for opting for the Singapore company registration in the form of a private limited company (Pte Ltd). It has a separate identity from its owners. It has the rights of a natural born person. It can sue and be sued in the court of law. Most importantly, it limits the owners’ (shareholders’) liability to their share amounts.
After receiving the required incorporation documents from our clients, we initiate the process to register a company. It takes no time as there are only two procedures to complete, (a)Approval of the name of the proposed company and (b)Registering a company with ACRA.
We check the availability of the supplied company name with ACRA. If it is available, we register it for the clients’ use. Then, we apply to ACRA for company registration.
After successfully registering a new company, ACRA sends an incorporation email containing all its details, including, Unique Entity Number. The email is acceptable in Singapore as the Certificate of Incorporation. We can get its hard copy after paying the required fee.
ACRA’s Pre-Incorporation Requirements
Before you could register a company in Singapore, you have to comply with the preregistration requirements specified by ACRA. They are as follows:
- At least one resident director
- A local registered address
- At least a shareholder
- Initial paid-up capital of minimum S$1
- At least 1 company secretary
Singapore KYC Documents for the Local Individuals
It is easy for the citizens and permanent residents to supply their KYC documents. They need to submit only,
- A copy of identity card (Singapore)
Singapore KYC Documents for the Foreign Individuals
The foreign individuals need to supply us with their KYC documents. They need to collect a number of documents which are as follows:
- NRIC copies for company’s shareholders & resident directors
- Passport copies for company’s shareholders & foreign directors
- Residence proof of company’s foreign shareholders & directors
Singapore KYC Documents for the Foreign Corporate
The foreign corporate also need to supply us with their KYC documents. They are as follows:
- Certificate of Incorporation
- Memorandum and Articles of Association (constitution)
- ACRA’s business profile
- Board resolution of parent company approving the registration of Singapore company & its shareholding
Our incorporation stays with our clients until the company is registered successfully. We also assist our clients in completing tasks that ACRA expects them to complete after the Singapore company registration and before starting their business activities. We help them out with the opening of a corporate bank account, acquiring licenses and permits, opening CPF account, GST registration, etc.