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Set Up a Private Limited Liability
Company in Singapore
A presentation brought to you
by Lawyers-Singapore.com
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Private Limited Liability
Companies in Singapore
• The private limited liability companies
in Singapore are the most
commonly preferred type of
business by the small and medium local
entrepreneurs.
• The maximum number of members of a
private limited liability company in
Singapore cannot exceed fifty, liable only
to the extend of their owned shares.
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Shares of a Private Limited
Liability Company in Singapore
• The shares of a private limited liability
company in Singapore cannot be freely
transferable.
• The Memorandum of Association and the
Articles of Incorporation contain detailed
information regarding the way these sharescan be transferred.
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Share Capital of a Private
Limited Liability Company in
Singapore
• The activities of the private limited liability
company in Singapore are ruled by the
Company Act.
• No minimum authorized capital or share
capital is requested at registration.
• The minimum share capital has the
symbolic value of 1 Singapore dollar.
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Other Requirements for
Owning a Limited Liability
Company in Singapore
• A limited liability company must have at
least one director with Singapore residence.
• Also, the company’s Secretary must be a
natural person, resident in Singapore.
• It must also appoint an auditor if there are
more than 20 shareholders and the annual
turnover exceeds 5 millions Singapore
dollars.
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The Registered Office of
a Private Limited Liability
Company in Singapore
• The registered office of a private limited
liability company may be different from
the company’s business address.
• All the official notifications and all the
company’s notifications must be
delivered to the registered office.
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The Registration Procedure
in Singapore >>
• All the private limited liability
companies must be registered at the
Company Registrar based on the following
documents:
company name and registered address;
description of the company's activities;
memorandum of association and
articles of incorporation;
details regarding the directors, the
secretary and the shareholders.
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>> The Registration Procedure in Singapore
• The registration procedure in
Singapore doesn’t take longer than 2
days due to the efficient computerized
system.
• After registration, an email is sent to the
company with the registration number.
• If a hard copy is requested, a fee must be
paid before receiving it from the Company
Registrar’s office.
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The Company Registrar in
Singapore
• The Company Registrar in Singapore may
also issue the Company Business Profile
which contains:
the company name and registration number;
previous names for the company;
registration date;
principal area of business;
paid-up capital;
details regarding the shareholders, directors
and secretary and registered address.
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Other Requirements before
Starting Business Activities
in Singapore
• The notification of incorporation and
the business profile are necessary in
order to open a corporate bank
account.
• Before starting the business, the
company must receive licenses or
approval for its future actions from the
authorized government bodies.
• Also a registration for GST (Goods
and Service Taxes) is requested.
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Company Formation in Singapore
• Opening companies in Singapore is a
complex matter that usually requires the
advice of a company formation
specialist.
• Please contact our company formation
specialists in Singapore for more
information about the process of creating
private limited liability companies in this
country.
Thank you for your
attention!
Please contact us for more information at:
+ 852 8191 3385
office@lawyers-singapore.com
http://www.opencompanysingapore.com/
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