Forming a Company in Singapore: An Overview

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Singapore is a small island country located on the southern tip of the Malay Peninsula. It is bordered by Malaysia to the north and Indonesia to the east. The city state of Singapore is divided into five main regions: Central Region, North East Region, West Region, East Region, and Southern Islands.

 

 

 

Singapore is one of the world’s leading financial centers. It offers many advantages for foreign companies looking to set up shop there. For example, it has a highly developed legal system, which makes it easier to start a business. In addition, its government provides tax incentives for businesses.

 

 

 

 

 

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Business name

 

 

 

 

The business name should be short and catchy. You want people to remember it easily. If you have a good idea for a business name, then go ahead and use it! However, if you don’t have any ideas, then try brainstorming with friends and family.

 

 

 

Company type

 

 

 

 

Singapore companies are classified into two types – private limited companies (PLC) and public limited companies (SOL). PLC’s are owned by shareholders who are individuals while SOL’s are owned by the government.

 

 

 

 

Singapore address

 

 

 

 

You need to provide the address of your registered office in Singapore. Your registered office address is where you receive legal documents related to your business.

 

 

 

 

 

Registered capital

 

 

 

 

Your registered capital is how much money you start off with. You can raise additional funds later on.

 

 

 

 

Shareholders

 

 

 

 

A shareholder is someone who owns shares in your company. A shareholder may be an individual or a group of individuals.

 

 

 

 

Directors

 

 

 

Directors are responsible for managing the affairs of the company. They are elected by shareholders at general meetings.

 

 

 

 

Board of directors

 

 

The board of directors is the body that manages the day-to-day operations of the company. It consists of a minimum of three directors.

 

 

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