How to Start Up Company in Singapore?
As mandated by law, all companies in Singapore must be registered with Accounting & Corporate Regulatory Authority (ACRA).
FMD is experienced in management consulting services in Singapore, which include setting Up of a Company in Singapore. To start up a business, there are several entities you can choose from, which include Private Limited, Sole-proprietorship, Partnership, Limited Liability Partnership and Limited Partnership.
Incorporating A Company
Top 5 Requirements to set up Company
Must registered with ACRA
Minimum 1 local resident director above 18 years of age
Minimum 1 shareholder and maximum 50 shareholders (individual or corporate entity)
Minimum paid-up share capital of $1
Registered address in Singapore
As a registered filing agent with ACRA, FMD can assist you in the entire incorporation process. At a competitive price, you can obtain expert advice on incorporation and corporate secretarial matters. Without the assistance of professional team, you have to study the process on “how to set up a company”, and to understand “what compliance requirement for an incorporated company” which will cause delay and miss business opportunity. Any non-compliance to statutory requirement may cause penalty or increased cost to rectify when an error is discovered.
Appointment of Corporate Secretary
In Singapore, ACRA stipulates that every incorporated company must appoint a corporate secretary within 6 months after incorporation.
It is essential to have an experienced and professional corporate secretary to ensure legal compliance of your company. Corporate secretary duties include document the administration of board and shareholder meeting, update of company records with ACRA and change in board members and shareholder.
FMD is a Corporate Secretarial Firm Singapore that can service you in these areas.
701 Sims Drive #08-01
(take lift to 7th floor)
LHK Building Singapore 387383
Tel : 65 67486505
Fax : 65 68467208
Email : [email protected]