Private Limited Company in Singapore
The most popular form of business organization in Singapore. Unlike such forms of business organization as private entrepreneurship and partnership, such a company has a legal status separate from its shareholders and directors, whose liability for the company’s obligations is limited to the amount of contribution to the company’s authorized capital.
PLC registration conditions
Singapore Limited Company Licenses and Permits: Certain businesses are licensed by government agencies in Singapore. Once your company is registered, it will not be able to start operations until it receives the necessary permission or license from the responsible government agency. International trade and/or the provision of services do not require licensing.
Singapore Private Limited Liability Company Registered Office Hours: Your company must have a registered office and the office must be open to the public for a minimum of 3 hours per day during daytime hours on weekdays.
Singapore Private Limited Company Registration Number: Unique Entity Number issued by ACRA and must appear on all outgoing documents, invoices, and other documents used for business communications.
Singapore Goods and Services Tax Registration: Goods and Services Tax (GST) is a tax on the consumption of goods and services in Singapore and on the import of goods into Singapore. Goods exported from Singapore and international service that runs from Singapore are exempt from the GST. The GST rate is 7%.
All Singapore companies must register for GST if the revenue from the sale of goods and services eligible for the GST exceeds S $ 1 million per year. Registration of a payer for goods and services tax in Singapore must be completed within 30 days of reaching the threshold.
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Register Limited Liability Company in Singapore jurisdiction with professional assistance. We will help you to open a company & bank account in Singapore successfully.
Timeline
The period of registration of an PLC in Singaporeis approximately 4 weeks. It consists of Engagement planning company incorporation, corporate bank account approval, corporate internet banking approval, engagement completion.
Fees
The state duty for registering a company is 239.5 USD (324.56 SGD). 11.4 USD (15.45 SGD) is charged for name approval. The registration fee itself is 228.1 USD (309 SGD). Tariffs are periodically changed by the state and they vary depending on the rate of the Singapore dollar.
Compulsory regulation
- at least 1 shareholder (natural or legal person);
- at least 1 director (only individuals over 18 years old);
- at least 1 director – a resident of Singapore;
- at least 1 company secretary;
- the minimum initial paid-up authorized capital is S $ 1;
- address of the registered office in Singapore.
EntrePass applicants are required to pay a minimum of S $ 50,000 in registered capital.
Documents
You should provide the list of the following documents:
- Passport
- Proof of address
- Legal address approval
- Name reservation application
- Articles of Organization
- The Singapore Trade and Companies Register registration number
If a legal entity acts as a shareholder, you need a set of constituent documents, from which you can see:
- that the company is duly registered;
- who is the director of the company;
- who are the shareholders of the company;
- who are the beneficiaries of the company.
Consultation about Private Limited Company registration
Our consultation services for registering a Private Limited Company in Singapore are tailored to assist you in every aspect of setting up your business. Our experienced advisors will assist you in every step, from preparing initial paperwork to obtaining required permits and registrations, to ensure a seamless and effective process. We offer individualized advice on legal obligations, share capital, and corporate structure to help you make well-informed decisions that support your business objectives.
Ownership management
Administering the ownership of a Limited Company is a complicated yet essential responsibility. Our offerings involve taking care of alterations in ownership, overseeing beneficial owners, and supervising ownership transfers. We guarantee that all ownership modifications are accurately recorded and align with current regulations.
Corporate structure changes
As your company grows, your organizational structure may also need to evolve. We offer a range of services to help you make necessary changes, such as updating directors, nominee details, or other structural adjustments, in a seamless and efficient manner.
Share capital management
Managing your company’s share capital is essential for its financial well-being. We provide services that can aid in the growth, reduction, sale, and transfer of share capital, guaranteeing that all activities are done precisely and in compliance with the law.
Register Private Limited Company
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Accelerate your business growth while we take care of corporate bank account and bookkeeping.