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公司设置与注册
Company Incorporation in Singapore
The Accounting & Corporate Regulatory Authority (ACRA) is the Company Registrar and governs the process to incorporate a company in Singapore. It is as per the Companies Act, Chapter 50.
Things You Should Know Before Incorporation of a Singapore Company
The online company registration in Singapore is a well-optimized process. Both local & foreign entrepreneurs can complete it in 1-3 days & set up their business in Singapore without any hassle.
You, as a foreigner, cannot open a company in Singapore on your own and need to appoint a registered filing agent. You also need an Entrepreneur pass to relocate and work in the city-state. Ask your agent for the customised Singapore company registration solutions.
Key Requirements to Register a Company in Singapore
You need:
- Minimum paid-up capital of $1
- At least one shareholder
- At least one local or resident director
- At least one company secretary
- Registered local address
Incorporating a Business in Singapore for Foreigners
Registered Filing Agent: You, as a foreign individual or a corporate entity, can simplify your task by appointing a registered filing agent. A number of Singaporean accounting firms, law firms, or Singapore secretarial services act in this capacity.
Local Director: Most importantly, you need to appoint a local director who is ordinarily resident of Singapore. Singaporeans, Permanent Residents, and EntrePass holders are eligible to act a local director for a new Singapore company formation.
Singapore Bank Account Opening
The director who opens the bank account usually has to go to the bank to sign in person with the documents. Through the good cooperation with various banks in Singapore, Yixin Business can provide door-to-door account opening services for some banks. If you choose the VIP registration supporting service of Yixin Business, you can enjoy door-to-door company registration and bank account opening, which can be completed within one working day at the fastest All company registration formalities. Professionalism and efficiency are the cornerstones of business success.
Singapore companies generally need to provide the following documents to open an account in a Singapore bank:
- Articles of Association M&A
- Company registration certificate CERT
- Company search information BIZFILE
- Bank introduction letter (if any)
- Copies of ID cards/passports of directors and account designated signatories
After successfully opening a bank account, it is generally required to have a deposit of at least SGD 1,000 in the account. If the bank account is less than SGD 1,000 at the end of the month, most banks will charge a certain fee every month.
Nominee Director in Singapore
A nominee director in Singapore refers to an individual who is appointed to act as a director of a company on behalf of another person or entity. The nominee director’s name appears on official documents and records, but they do not actively participate in the management and decision-making of the company. Instead, they carry out their role based on the instructions of the actual owners, shareholders, or beneficial owners of the company.
Company Registration Process in Singapore
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