The requirement for a Singapore Company Registration
Vital information that you need to know is that all Singapore companies need at least one resident director. As a foreigner, you will also need to know that you are unable to self-register your company, hence, we are here to offer the service. So if you’re a foreigner and you have no one in Singapore, you can’t incorporate the company unless you find a nominee director. This is a service we at Paul Hype Page & Co provide.
Besides, you will need the following to set up a company in Singapore:
- You will need an appropriate name for your company.
- Have at least one foreign or local shareholder
- Appoint a natural person who is not a director or shareholder as a company secretary. By nature, it is meant that the secretary cannot be a corporation.
- Avail a minimum paid-up capital of $1.
- Provide a commercial or residential registered address.
- Appoint an incorporation agent.
- Prepare and avail all of the required documents.
The agent then registers your company with the registrar and helps to prepare your company incorporation kit.
You will also need to pass our required KYC (know your customer) and AMLA (Anti Money Laundering Act) before you can incorporate your business.
Upon completing all the necessary checks, it takes about three days to approve. However, if you want to start a company to be active in the field of education, banking, mutual funds, financial, etc., those applications will be reviewed by the respective authorities, which may take up to 2 months.
In Paul Hype Page &Co, we firmly believe the process of establishing and registering a new company takes just a few minutes to complete. However, the process of collecting and preparing all relevant and necessary documents may elongate the process to a few days.
Therefore, it is safe to say that the overall process of incorporating a company in Singapore can take up to two months, depending on the case.