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SINGAPORE COMPANY INCORPORATEION &
BUSINESS SETUP REGISTRATION SERVICES


AFFORDABLE SINGAPORE COMPANY INCORPORATION SERVICES | SINGAPORE BUSINESS
REGISTRATION SERVICES | SINGAPORE COMPANY SETUP SERVICES

Affordable Company Incorporation Services Singapore - Koh Management specializes
in local Singapore company registration & Singapore incorporation services for
close to 39 years since our founding in 1984. Having been in the field for more
than 30 years, Koh Management has built a reputable image amongst the local
accounting firm. We have incorporated quite a number of successful startups and
journeyed with this founders through their founding to their current stages.



We help streamline the paperwork and company registration hassle for you. With
the provision of our high quality and efficient service, you can start and begin
running your business with a peace of mind and knowing that you have high
quality professionals assisting you with your businesses.



A company is a separate legal entity to its owners and thus should be the best
form of business entity to manage any business dealings and also protects the
assets important to their owners. Companies are also a more organized manner of
business and thus will require some professional attention on the administration
and accounting. 

When it comes to a young person or someone who is not familiar with the workings
of a private limited company, we would recommend that they use our services to
have a piece of mind in the advice we give and also making sure that
documentations are done up properly and protects the shareholders of the
company. Having a qualified company to do the incorporation for your business
also allows you to have more protection for your company as compared to the
standard Memorandums that ACRA provides for you. 



Schedule a meeting with us to find out more about our Company Registration
Services packages. We have customer service representatives who are keen to
discuss with you your needs and also be able to tailor services that suit your
budget as well as time frame , so don’t hesitate to pick up the phone and call
+65 98638665 !

 

CALL +65 98638665 if you need a quote or Email Tommyksh@shkoh.com.sg



We provide the following Singapore incorporation services

/ Singapore Company registration services:



 * Incorporation of a Local Business

 * Singapore Private Limited Company by shares

 * Limited Liability Partnership

 * Sole Proprietorship





 Why you should engage someone to carry out a Singapore company registration
process for you:



 1. To ensure that your M&AA and relevant documents are prepared in a proper
    manner (protecting shareholders and directors)

 2. Ensuring all paper documentations are done up properly so that any disputes
    can be resolved with signed documents

 3. Ensure that all compliance requirements are met 





Information that we will require to assist you in your company registration in
Singapore:



 1. Min. 1 Resident Director

 2. Min. 1 Shareholder, Max. 50 shareholders

 3. Min. 1 Company Secretary

 4. Min. Paid up capital of $1

 5. Singapore registered office address

 6. Desirable Company Name (we will be able to assist you with names that you
    could not use due to government barring)





Let us assist you with the following services, we are also able to assist you
through your company management journey , contact us to find out more!

 



What are some of the documents that you require for you to start on the process
of your business:



1. Company name 



You will be required to have a company name which is not too close or too
similar to any existing companies. There are also restriction on certain names
such as Temasek, Singapore etc. So do note on the choice of your company as not
all names are available, also you might also want to just be sure that the urls
are available for use when you want to register your company url ! You wont have
to register a company name that you cant use the url for!



2. Business Activity



What is your business primarily dealing in? This list can be referred from the
Singapore Standard Industrial Classification Code (SSIC) , you can use it to
define what your business is going to be working on and record it when you
incorporate your company, you can have a maximum of two in your business
profile.



3. Shareholding of the company



You will need to decide, (if you have more than 1 shareholders) , how many
shares each person will have, of which the percentage will be based on the
shareholding and the amount of total shares issued. Do note that the minimum is
$1 for paid up capital.



4. Director Details and Contact



Directors have fiduciary duties and they should be persons of good financial
standings (eg. not undischarged bankrupt).



5. Shareholders Details and Contact



Shareholders are the legal owners of the business, so their details are required
to be kept with the company’s records.



6. Registered Address



This will be where all the official mails will be mailed to. Business can choose
to use registered addresses of other companies or their secretarial office for
safekeeping.



 

 

 

 

 

 

 

 

 

 

 

 

 

 

When incoporation is completed, the company will be issued the following:



1. Company Business Profile

The company business profile will include the Unique Entity Number (UEN) which
companies can use to start doing business. The document also includes the
company name, registration date, paid up capital, registered address, details of
shareholders and directors.



2. First Board Resolution 

This resolution is to appoint the shareholders and directors



3. Bank Account opening resolution

This is used for account opening purposes, some banks may not require this.


This to pay attention to for the post registration period:



1. Annual Return filing

Companies must file annual return one month after AGM



2. Annual General meeting (AGM)

All companies must hold its AGM every calendar year, during the AGM ,
shareholders will approve the financial statements and discuss matter with
regards to the Financial statements of the company



3. Tax Filing

Tax is filed to IRAS. The deadline for filing corporate tax is November 30.



CALL +65 98638665 if you need a quote or Email Tommyksh@shkoh.com.sg

 


BANK ACCOUNT OPENING




We work closely with many banks and we can assist you with this process. We will
be able to assist with resolutions that the bank might need. Also to receive the
M&AA from us to provide to the bank for update usage and opening of new account
after you are done with your Singapore Incorporation Services steps.



If you have questions on how best to structure your new business and is also
wondering how to get your shareholding organized, you could schedule a
consultation session with our consultants first before you start your company
incorporation process. We look forward to working closely with you to achieve
your business growth. 





If you are keen for Singapore Incorporation Services, speak to us your Singapore
Company Set Up Specialist. Register your Singapore business today!





UNDERSTANDING SINGAPORE'S BUSINESS STRUCTURES: WHICH ONE IS RIGHT FOR YOU?




Singapore has earned a reputation as one of the most business-friendly and
economically vibrant countries in the world. For entrepreneurs and small
business owners, it offers a plethora of opportunities and a welcoming
environment for company formation. However, before you embark on your
entrepreneurial journey in Singapore, it's crucial to understand the different
business structures available and choose the one that best suits your needs.




THE MAIN BUSINESS STRUCTURES IN SINGAPORE




 1. Sole Proprietorship: This is the simplest form of business structure in
    Singapore, and it's owned and operated by a single individual. While it's
    easy to set up, it also means that the owner is personally liable for all
    business debts and obligations. This structure is often chosen by
    freelancers, consultants, and small traders.
     

 2. Partnership: A partnership involves two or more individuals or entities
    (partners) coming together to manage and operate a business. Partnerships
    can be divided into general partnerships (where partners share both profits
    and liabilities) and limited partnerships (where some partners have limited
    liability). Partnerships are a good option for businesses with multiple
    owners who want to share responsibilities.
     

 3. Limited Liability Partnership (LLP): An LLP combines the benefits of a
    partnership with limited liability protection. In an LLP, partners are not
    personally liable for the debts and liabilities of the business. This
    structure is often preferred by professional service providers like law
    firms and accounting firms.
     

 4. Private Limited Company (Pte Ltd): The most common and versatile business
    structure in Singapore, a private limited company is a separate legal entity
    from its shareholders. Shareholders have limited liability, and the company
    can raise capital by issuing shares. Pte Ltd companies are suitable for SMEs
    of all sizes and industries.
     

 5. Public Company Limited by Shares: This structure is similar to a private
    limited company but can have more than 50 shareholders. Public companies are
    subject to stricter regulatory requirements and can raise funds from the
    public by issuing shares.
     


CHOOSING THE RIGHT STRUCTURE
 

Selecting the right business structure is a crucial decision that can impact
your business's legal, financial, and operational aspects. Here are some factors
to consider:
 


1. LIABILITY:

 * Personal Liability: If you want to limit personal liability, it's advisable
   to choose a structure like an LLP or a private limited company. This ensures
   that your personal assets are protected in case the business faces financial
   difficulties.


2. OWNERSHIP AND MANAGEMENT:

 * Solo or Partnership: If you're the sole owner, a sole proprietorship might
   suffice initially, but keep in mind the personal liability aspect. If you
   have partners or plan to bring in investors, a company structure may be more
   suitable.


3. TAXATION:

 * Tax Benefits: Each business structure has its own tax implications. Companies
   may enjoy tax incentives and exemptions, making them an attractive choice for
   SMEs. Consult with a tax advisor to understand the specific benefits.


4. FUNDING:

 * Capital Requirements: If you require significant capital for your business, a
   private limited company is often the preferred choice as it allows you to
   raise funds by issuing shares.


5. REGULATORY COMPLIANCE:

 * Compliance Requirements: Different structures have varying levels of
   regulatory requirements. Companies, especially public ones, have more
   stringent reporting and compliance obligations.


6. LONG-TERM GOALS:

 * Future Growth: Consider your long-term growth plans. If you aim to expand
   locally and internationally, a private limited company offers more
   flexibility and credibility.


7. INDUSTRY AND REPUTATION:

 * Industry Norms: In some industries, such as finance and legal services,
   specific structures like LLPs are more common and may enhance your
   professional image.


8. EXIT STRATEGY:

 * Exit Planning: Think about your exit strategy. If you plan to sell the
   business or take it public in the future, starting as a private limited
   company may simplify the process.
    


SEEKING PROFESSIONAL GUIDANCE
 

Given the complexities involved in selecting the right business structure, it's
advisable to seek professional guidance from a corporate services provider like
Koh Management or a legal advisor. They can help you navigate the legal
requirements, tax implications, and compliance obligations associated with each
structure, ensuring that your business is set up for success from the start.


CONCLUSION
 

Choosing the appropriate business structure is a crucial step in your journey as
an entrepreneur in Singapore. It can significantly impact your business's
growth, risk, and regulatory obligations. Careful consideration of your goals
and circumstances, coupled with professional advice, will help you make an
informed decision. Ultimately, whether you opt for a sole proprietorship,
partnership, LLP, or private limited company, Singapore offers a conducive
environment for business success.



FAQ



Q1: What are the key benefits of incorporating a company in Singapore?

 

A1: Incorporating a company in Singapore offers several advantages. Firstly, it
provides limited liability to shareholders, meaning their personal assets are
protected. Singapore is known for its attractive tax regime, with low corporate
tax rates and tax incentives for startups. It also offers political stability, a
strong legal framework, and a business-friendly environment. Singapore-based
companies can access a global network of double taxation treaties and benefit
from a well-developed infrastructure. Furthermore, the city-state's reputation
for financial integrity and its strategic location in Asia make it an ideal hub
for international business expansion.



Q2: What is the minimum capital requirement for incorporating a company in
Singapore?

 

A2: Singapore does not have a minimum capital requirement for most companies.
You can start a private limited company with as little as SGD 1 as paid-up
capital. This flexibility makes Singapore an attractive destination for startups
and small businesses. However, it's essential to note that capital requirements
can change over time, so it's advisable to check with the Accounting and
Corporate Regulatory Authority (ACRA) or a professional incorporation service
for the most up-to-date information.



Q3: How long does it take to incorporate a company in Singapore?

 

A3: The process of incorporating a company in Singapore is efficient and
typically takes 1-2 business days. However, this duration can vary depending on
several factors, including the complexity of your business structure, the
accuracy and completeness of your documentation, and government processing
times. Engaging a professional incorporation service can expedite the process
and help ensure all requirements are met promptly.



Q4: Do I need to be physically present in Singapore to incorporate a company?

A4: No, you do not need to be physically present in Singapore to incorporate a
company. Singapore allows foreigners to register and own 100% of a company
without requiring their presence in the country. You can engage a local
incorporation service or a corporate service provider to assist you with the
incorporation process, making it convenient for overseas entrepreneurs to
establish their businesses in Singapore.



Q5: Are there any ongoing compliance requirements for Singaporean companies?

 

A5: Yes, Singaporean companies have certain ongoing compliance requirements.
These include filing annual returns, holding annual general meetings (AGMs),
maintaining proper accounting records, and submitting financial statements to
ACRA and the Inland Revenue Authority of Singapore (IRAS). Failure to comply
with these obligations can result in penalties or legal consequences. It's
advisable to engage a corporate secretary or compliance expert to ensure your
company remains compliant with Singaporean regulations.



Q6: Can foreigners own 100% of a Singapore company, and are there any
restrictions on foreign ownership?

 

A6: Yes, foreigners can own 100% of a Singapore company. There are generally no
restrictions on foreign ownership in most industries. However, there are
exceptions, such as banking and finance, where specific licenses may be
required. Additionally, some businesses may require approval from regulatory
authorities. It's crucial to research and understand any industry-specific
regulations that may apply to your business before incorporating in Singapore.



Q7: What are the tax incentives available for Singaporean companies?

 

A7: Singapore offers various tax incentives to encourage business growth and
investment. These include the Productivity and Innovation Credit (PIC) scheme,
which provides tax deductions or cash payouts for qualifying expenditures in
innovation and productivity improvements. The Development and Expansion
Incentive (DEI) and Global Trader Program (GTP) offer reduced tax rates for
specific industries and activities. Additionally, Singapore has a network of
double taxation treaties to prevent double taxation on income earned abroad,
making it an attractive location for international businesses.



Q8: Can I use a virtual office address for my Singapore company's registration?

 

A8: Yes, you can use a virtual office address for your Singapore company's
registration. Many companies offer virtual office services in Singapore,
providing a prestigious business address and mail forwarding services. This
option is especially useful for overseas entrepreneurs who do not have a
physical presence in Singapore but want a professional address for their
company's registration. However, it's essential to ensure that the virtual
office provider is compliant with ACRA's regulations for company registration
purposes.



Q9: What are the types of business structures available for incorporation in
Singapore?

 

A9: Singapore offers several business structures, including a Private Limited
Company (Pte. Ltd.), Sole Proprietorship, Partnership, and Limited Liability
Partnership (LLP). The most common choice for foreign entrepreneurs is the
Private Limited Company, which provides limited liability and a separate legal
entity for the business. It's ideal for most businesses due to its scalability,
limited liability protection, and ease of raising capital.



Q10: What is the role of a local director or resident agent in Singapore company
incorporation?

 

A10: A local director or resident agent is a requirement for incorporating a
company in Singapore. Every Singapore company must have at least one local
director who is either a Singaporean citizen, Permanent Resident, or an
Employment Pass holder. If you don't have a local director, you can engage the
services of a professional firm to provide a nominee director to meet this
requirement.



Q11: Are there any industry-specific licenses or permits required for certain
businesses in Singapore?

 

A11: Yes, some industries in Singapore require specific licenses or permits to
operate legally. Examples include financial services, healthcare, education, and
food establishments. These licenses ensure that businesses comply with
sector-specific regulations and maintain high standards. The requirements vary
depending on the nature of the business, so it's crucial to research and obtain
the necessary permits before commencing operations.



Q12: How do I open a corporate bank account in Singapore for my newly
incorporated company?

 

A12: To open a corporate bank account in Singapore, you will need to provide the
necessary documents, such as your company's Certificate of Incorporation,
Business Profile, and the resolution to open a bank account. Different banks may
have slightly varying requirements, so it's advisable to contact the bank you
intend to use and confirm their specific requirements. It's also recommended to
consult with a corporate service provider as they can facilitate the account
opening process.

 

Q13: Can I change my company's name after incorporation in Singapore?

 

A13: Yes, it is possible to change your company's name after incorporation in
Singapore. The process involves obtaining approval from ACRA for the new name,
updating the company's Memorandum and Articles of Association, and updating all
official documents and records to reflect the new name. It's essential to ensure
that the new name complies with ACRA's naming guidelines and does not infringe
on any trademarks. The change of name must be approved by the company's
shareholders.



Q14: What are the advantages of engaging a professional incorporation service in
Singapore?

 

A14: Engaging a professional incorporation service in Singapore offers several
benefits. These services have extensive knowledge of Singapore's regulatory
requirements and can streamline the incorporation process, ensuring accuracy and
compliance. They can also provide guidance on choosing the right business
structure, assist with the preparation of necessary documents, and offer ongoing
compliance and corporate secretarial services. This frees up your time to focus
on growing your business while experts handle the administrative aspects.







7500A Beach Road, The Plaza

#09-324, Singapore 199591

Email: tommyksh@shkoh.com.sg
Tel:  (65) 9863 8665

Fax:  (65) 6256 9685 

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