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Singapore Company Incorporation FAQs

Frequently Asked Questions about Singapore Company Formation

TOP FAQs

  • What are Private Companies?

    Maximum number of shareholders is limited to 50 and the memorandum and articles of association restricts the right of its members to transfer their shares in the company.

     

    A private company limited by shares can be classified as a exempt private company.

    The key characteristics of an exempt private company is:

    • No more than 20 shareholders; and
    • All the shareholders are individuals.
    • Exempt private companies with an annual revenue of less than S$5 Million are exempted from audit requirements and are not required to file financial statements with the ACRA.

    It is also exempted from prohibitions against loans to its directors or to companies related to its directors.

  • What is a company?

    A company is a business entity registered under the Companies Act, Chapter 50. Most companies in Singapore are private companies limited by shares and are recognized by the suffix “Pte Ltd”.

  • Does a Singapore subsidiary require a registered address in Singapore?

    Yes, all Singapore companies and subsidiaries need to have a registered address in Singapore.

  • What is the difference between a director and a shareholder?

    Shareholders
    own the company and are entitled to the profits of the company.

    Directors
    managing and overseeing the company operations, dealing with the everyday responsibilities.

  • Who is ordinarily resident in Singapore?

    A Singapore citizen, Singapore Permanent Resident or EP holder who is residing in Singapore.


Registered Address

Does a Singapore subsidiary require a registered address in Singapore?


Yes, all Singapore companies and subsidiaries need to have a registered address in Singapore.

Do we need a local address to incorporate our company in Singapore?


Yes, every Singapore company is requires to have a local registered address. The registered address needs to be an effective address for delivering documents to the company and its members.

You are permitted to engage a service provider such as ourselves to use our address as your registered address.

What are Virtual Office Services?


While it is not a requirement that a company has a telephone and fax number, you may find this useful depending on the needs of your business.

Virtual Office services include a dedicated phone and fax number for your business, an automated greeting service and message recording which will be forwarded to you and the receipt and forwarding of any documents received via fax.

Do I need a registered address in Singapore for my company?


Yes, all Singapore companies must have a Singapore registered address. It is not a requirement that office space must be leased and the use of Registered Office Services.

Does a Singapore subsidiary require a registered address in Singapore?


Yes, all Singapore companies and subsidiaries need to have a registered address in Singapore.


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