All companies in Singapore must be registered with the Accounting & Corporate Regulatory Authority (ACRA) and abide by the Companies Act. While there are five different business entities to choose from, the most common and flexible business entity that can be set up in Singapore is the Private Limited Company.
To start a business in Singapore, you need an easy guide on company incorporation procedure. We, at Singapore Company Incorporation, can assist you in the entire incorporation process, which generally takes only few hours if all the necessary documents and details are prepared well in advance.
What is a Private Limited Company?
A private limited company is limited by shares and is a separate legal entity from its shareholders. It is recognised as a taxable entity in its own right. As a result, shareholders of a Singapore private limited company are not liable for its debts and losses beyond their amount of share capital.
The key requirements to register a private limited company in Singapore are as follows:
- - At least one shareholder (individual or corporate entity)
- - One resident director
- - One company secretary
- - Initial paid-up share capital of at least S$1
- - A physical Singapore office address
Read more on how to form a Singapore Private Limited Company at Singapore Company Incorporation.
