Singapore Private Limited Company - General FAQs"Facts are cheap, information is plentiful - knowledge is precious" - Michael E. Angier
For incorporation of your Singapore Company, we have prepared a list of frequently asked questions by both foreign and local clients. You may also refer to ACRA, Singapore's Company Registry.
What are the basic features of a Singapore Company?
The basic features of a Singapore Company are as follows:
Are there restrictions on names?
Yes, certain names including references to Government bodies and professional bodies will need justification. A name cannot be registered if it is the same (or sometimes, very similar) as an existing company - unless via successful outcome of appeal based on some clear distinction (e.g. by trade) with that of an existing company.
What information is required prior to incorporation?
You will need to provide us with the following information:
If you need any clarification on the above, do drop us an email or give us a call at 63241922.
What is the incorporation procedure, and how long does it take?
The procedures to incorporate your company are as follows:
The incorporation process (for local directors) will usually take around 3 days (1 day for name reservation and 2 days for incorporation). However, if there are foreign directors on board, the incorporation process may take up to 1 week for verification of foreign director(s) address and identification.
Upon incorporation, the Directors' First Board meeting will be held to determine and confirm the financial year of the company, appointment of secretarial agent and company officers, auditor (if necessary) and chairman of the meeting. If required, you may also order a hard copy of the Certificate of Incorporation, notarized by an ACRA officer.
At PB Corporate Services, we specialize in providing one-stop solution for our clients to set up their Singapore companies. If you wish to know more about the incorporation process or engage our services, do drop us an email.
Any business license required when registering a Company?
No, except for certain regulated industries such as banking, insurance, financial services, consumer credit related services, employment/recruitment agencies, stock brokerages and fund management. Please contact us for more details on application for a business license.
What is an exempt private company (EPC)?
An EPC is a Private Limited Company that has less than 20 individual shareholders and does not have corporate shareholders. It can also be an EPC company gazette by the Minister under the Company Act.
What are the reasons for incorporating a Singapore Private Limited. Company?
If you have any enquiries or wishes to incorporate your businesses, do contact us and our incorporation specialist will be happy to assist you.
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