Singapore Company

Company Registration in Singapore from India

Just like a local Singaporean, a foreigner can register a company and own its 100% shareholding without facing any difficulties. In fact, anyone over the age of 18 years can start a company in Singapore. Provided that he has not been convicted of any legal offence or bankruptcy. In addition to the Singaporeans, its Permanent Residents (PR), and holders of Employment Pass, EntrePass, Dependents Pass, can register a company and be its shareholders.

It requires your physical presence in Singapore at the time of setting up your company bank account opening.

Requirements for foreigners to set up a new business in Singapore

How to Appoint Local or Resident Director

Locals can act as the resident director while self-registering their company on BizFile+ portal. The shareholders of the company must pass a resolution to appoint the local director. Choose a person over 18 years in age and of full legal capacity. An individual with undischarged bankruptcy cannot take this position.

However, foreigners must:

• Appoint local director.
• Engage registered fling agent to register their company, as foreigners cannot self-register their company in Singapore.

Options in Appointing Local Director

Option 1: Employ a Singaporean, Permanent Resident, or EntrePass holder as local director.

Option 2: Appoint a nominee director for your new company.

Option 3: Form a company by first applying & acquiring EntrePass.

Note: Sign a contract with the appointee to keep them out of your business activities. The appointee will not be a bank signatory.You, alone, will have full control over the company and its corporate bank account.

Requirements for Pte Ltd Company

• It can have 1-50 shareholders (owners).
• It needs at least one local director who is ordinarily resident of Singapore.
• A private limited company has a separate legal identity from its owners.
• It has the rights of a natural person.
• It has perpetual existence.
• Pte Ltd limits the liability of its shareholders to the amount they have invested in its shares.
• It pays corporate tax (0%-17%).The banks & financial institutions consider Pte Ltd more credible than a sole proprietorship or partnership. They can easily raise funds for expansion of their business activities.

Documents required from Foreign National

• Copy of the Passport
• Address Proof of Your residential Jurisdiction
• A recent soft-copy of your passport size photo