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Requirements for Setting Up a Singapore Company

REQUIREMENTS FOR SETTING UP A SINGAPORE COMPANY an AsiaBiz Infographic | www.asiabiz.sg ELIGIBILITY: Are you qualified to register a Singapore company? Minimum of 1 Singaporean, PR, EP or DP holder Not bankrupt Have no criminal record to be Resident Director BEFORE INCORPORATION: What type of company do you want to setup? Choice Type of Company Exempt Private Company Non-exempt Private Company DURING INCORPORATION: What are the setup requirements? 5 SETUP REQUIREMENTS V 1 Shareholder V 1 Local Resident Director V 1 Company Secretary V S$1 Min. Paid-up Capital V 1 Registered Office Address Shareholder Director Company Secretary Particulars Particulars Particulars Requested Information Total Paid Up Registered Principal Activity –°apital Office Address AFTER INCORPORATION: What are the post-incorporation considerations? INLAND REVENUE AUTHORITY OF SINGAPORE Register for GST (Goods & Services Tax) if your expected turnover is above S$1 million Open a bank account SINGAPORE SINGAPORE CUSTOMS Open a SDL (Skills Development Levy) account if you have employees, both local or foreign Customs registration if you are importing or exporting goods Open a CPF (Central Provident Fund) account if you have local employees READY TO START A COMPANY IN SINGAPORE? Our incorporation specialists can help you. Call us at +65 6303 4614 for a free consultation. AsiaBiz ASIABIZ SERVICES PTE LTD | 30 Cecil Street, #19-06 Prudential Tower, Singapore 049712 Phone: (+65) 6303 4614 | Fax: (+65) 6303 2670 | sales@asiabiz.sg | www.asiabiz.sg 24

Requirements for Setting Up a Singapore Company

shared by asiabizsg on Jul 14
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The entrepreneurial environment is so evolved in the city-state that it takes only a few hours for a Singapore company registration specialist such as Asiabiz to help a foreign entrepreneur incorporat...

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