Singapore Company Incorporation Some Basic Rules And Requirements

These days several entrepreneurs who are planning to setup a company and establish a good business reputation in Singapore. And if you are one of such interested entrepreneurs then you should have to make sure that you are well equipped with the right information and support regarding Singapore company registration. This is one of the most important thing needed for any entrepreneur to get through the process of Singapore company registration and formal business operations. In fact the ACRA or the Accounting and Corporate Regulatory Authority is responsible for facilitating new business development in Singapore. In fact establishing a new international business in Singapore offers good deal of benefits. In fact the point is that under the jurisdiction of Singapore government international business gets very attractive tax benefits and along with that the immigration policies of Singapore government are quite liberal and it welcomes foreign talent into the country. Other than that there are also several incentives available for Singapore registered companies for their local growth as well as their expansion overseas.

In fact if an entrepreneur is interested in carrying out an international business then the best option available as a private limited company is a Singapore company formation. This is one of the best tax efficient arrangement one can have. If you can satisfy the minimum statutory requirements then you can easily setup Singapore company being a foreign company or even a foreign national. These statutory requirements includes a local company secretary, a registered address, and a local director. Once you have fulfilled all these requirements you can easily register company in Singapore and can easily relocate to Singapore on a work visa after registering your Singapore company.

However, the Singapore company registration for a branch office is done under the administration of ACRA which treats it as a simple annexe of the foreign company. However, there are certain guidelines and rules that should always be followed in this regard. One of the most common of them are discussed below. In this respect certain aspects like the company name must be approved by ACRA before the Singapore company can be incorporated. Along with that it is also essential to have a minimum of at least one corporate or individual shareholder. However, the director and the shareholder can be the same or a different person. Other than a Singapore private limited company must have at least one director who must be a resident of Singapore and also there is a need of a company secretary who must also be a natural Singapore resident. Other than that it should also be kept in mind that the Head Office must remain responsible for any actions of the branch office and the branch office cannot claim the tax benefits of Singapore. Other than that the name of the Branch office must also be the same or at least match with the foreign office and the name must get approved by ACRA before the Singapore company incorporation. These are some of the basic rules that must be followed and there are a few more. However, it is not that tough to have a Singapore company incorporation following all the necessary rules and requirements.

By: Jay Mantarvadi

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