Singapore Company
Singapore is located at the southern tip of the Malay Peninsula, bordering Malaysia and Indonesia. Known for its efficient and innovative economic, political, and social structures, Singapore is one of the most prosperous cities in the world and one of the global financial, trading, and shipping centers. Compared to companies in other countries, Singapore companies enjoy a convenient, flexible, and transparent environment for incorporation and management, as well as a well-established legal system, good policies and regulations, and a stable political and economic environment.
Requirements for Singapore Company Incorporation
- The company must have a registered address in Singapore;
- The company must have at least one shareholder and one director with no restrictions on nationality. At least one of the directors must be a resident in Singapore at all times;
- The minimum share capital of a company is S$1, which can be increased gradually after incorporation. There is no restriction on foreign shareholding in Singapore, except for certain special industries;
- The company must appoint a secretary who is a natural person residing in Singapore and maintain books of accounts. The Company is subject to local audit requirements, unless qualifies for exemption;
- Details of the directors, chief executive officers, shareholders, and secretary must be filed at the Companies Registry, which is accessible by public. The company must file an annual return, together with financial statements (unless exempted). Penalties apply for late filings.
Singapore Company Incorporation Services
- Collecting due diligence documents and conducting compliance reviews
- Providing registered address
- Document preparation ⓘ
- Acting as company secretary
- Appointment of a resident director
- Assist in opening Futu Securities account
- Assist in opening bank account (if needed)