Singapore Company Registration @ Asia Business Setup


Singapore Company Registration
Singapore company registration is an excellent way to create a tax-efficient corporate vehicle through which international business can be conducted. Important points to note about the process for Singapore company registration include:
1.	The Singapore Companies Act 1963 governs the requirements for Singapore company registration.
2.	Foreign investors continue to choose Singapore as a option for investment thanks to it's reputable international image. Inward foreign investment into Singapore in 2006 was US$24 billion.
3.	Singapore company registration is normally completed by a corporate services firm based in Singapore. The Singapore firm will liaise with the Accounting and Regulatory Authority of Singapore (ACRA) to complete company incorporation. The cost of this service by ACRA is S$300.
4.	The process for Singapore company registration is straightforward. In fact, Singapore is ranked as the world's easiest place to do business in the World Bank's 2009 Doing Business survey.
5.	The most common structure for foreign investors is the limited liability company. In 2007, over 17,000 investors completed Singapore company registration of LLCs. Other company structures available in Singapore include Joint Venture, Representative office and a Branch company.
6.	In order to abide by Singapore business laws, Singapore company registration requires the appointment of a Singapore resident director. Corporate directors are not permitted.
7.	Following Singapore company registration, company details are available for public viewing on the ACRA online public register.
8.	Every Singapore company must have at least one shareholder. A private limited company must not exceed 50 shareholders and the minimum authorised share capital for Singapore company registration is S$1.
9.	Singapore company registration is a popular option for international entrepreneurs. According to the Singapore Economic Development Board (EDB), more than 7,000 multinational companies have set up regional or global headquarters in Singapore to date.
10.	Singapore has strong client confidentiality laws which make offshore banking a beneficial option following Singapore company registration. Singapore refuses to exchange information on investors with member states of the Organization for Economic Cooperation and Development.
More information
For more detailed information on Singapore company registration please refer to Healy Consultants' Asia Business Setup guide.
Contact Us
For more information on Singapore company registration, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
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