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Regulation of Company Formation in Singapore

Singapore Key Points

  • Time span –it takes only 5 days to incorporate your company
  • Directors of the company – a private limited company Pte needs only one resident director which can be provided by us.
  • Company’s Shareholders – the requirement for the shareholders will be only one and they can be either an individual or corporate bodies
  • Primary Share Capital – it is enough to have $1 as the share capital
  • Guide – with our expertise knowledge of several years we help you in each and every step of the incorporation process
  • It is necessary to appoint a well qualified Company Secretary by the Singapore company.

Requirements for incorporating your limited company

  • The name of your company and the projected work of your new company
  • The company’s objective, stating the primary activity
  • Details of the directors: identity proof – such as passport copy or national ID card, address and bank proof and professional references.
  • Details of shareholders: if they are individuals then a copy of a passport or national ID card, proof of residential address and bank and professional references. If they are Corporate Members then a copy of Company Statutes and an apostilled Certificate of Good Standing.
  • Details of the secretary: identity proof such as a passport copy or national ID card, evidence and testimony of bank and residential address and professional references.

Required documents to provide:

  • Identity proof such as national ID card, passport and driving license with photo.
  • Residential address proof such as electricity/gas bill or

Directors of Company

• The director of the company can be only one which is essential and the key factor is that the individual should be a resident of Singapore, as discussed above. He can also be a shareholder, and yet the only shareholder of the company
• A minimum of one director of the company should be a resident of Singapore, which means that individual should be with a Permanent Resident, nationality, or a person who is over the age of 21 years who is entitled with an Entry pass. The entry pass can be the right for residency, pass for Employment, or dependency pass to get the custody of the dependents in Singapore. The director of the company can be of any nationality, but the prerequisite is to have a director of Singaporean resident.
• The current directors, shareholders and company secretary details are kept open for public inspection

Shareholders

  • The shareholders of the company can be of any nationality
  • In few cases where the shareholders (individuals/ corporate) are of the nationals of Bangladesh, China or Pakistan then the formation process can be little longer than the usual, and the authorities may enquire for more details for formation of the company
  • Only a single shareholder is required
  • The upper limit will be of 50 shareholders
  • Corporate bodies can also be shareholders
  • It is not compulsory to employ a shareholder who is a local resident
  • A shareholder can also be a director
  • Every current shareholders information are kept with the Company Registry, and accessible for general public inspection

Company's Registered Office

Every single Limited Company should have a registered office where reports might be legitimately provided on the organization and where organization records and registers should be kept. The enlisted office must be a physical address in Singapore and must be open and available to the general population for at least three hours for every week in the vicinity of 09:00 and 17:00 on weekdays.

Share Capital

  • There should be at least SGD 1 as the share capital.
  • There is no upper ceiling for share capital.

Company Secretery

It is a prerequisite to employ a company secretary within a time period of 6 months from the incorporation of all companies in Singapore. The appointed person should be a resident of Singapore, which means someone with a Permanent Resident, nationality or a person over 21 years of age with an Entrepass – right to nationality, or pass for Employment, or a ‘Dependent Pass’ of Singapore residents.

Meeting Requirement

It is not essential to conduct company meetings in Singapore. The first Annual General Meeting (“AGM”) should be held within 18 months for the newly incorporated companies. And from then on it should conduct its next AGM in every calendar year, and it should not exceed the time limit of 15 months from the last AGM.

Yıllık Denetim ve Mali Gereksinimler

Şirketin kayıtlarını Singapur’da tutma gereği bulunmaz. Eğer şirket kayıt tutmayı seçerse, bunlar dünyanın herhangi bir yerinde saklanabilir. Mali Tablolar’ın Singapur’daki vergi makamlarına sunulması gerekir.

Singapur’da iş kurmak isteyenler, 5 milyon US $’ın üzerinde yıllık ciroya sahip tüm şirketlere ait yıllık denetlenmiş hesapların, Singapur Sicil Memuru’na sunulması gerektiğini bilmelidir. Hesapların yetkili bir Singapur denetçisi tarafından denetlemiş olması gerekir. Bununla beraber, Muaf şirketlerin hesaplarının denetlenmesi gereği yoktur ve yıllık hesaplar denetimsiz olarak sunulabilir. Bir Muaf Şirket olarak tanımlanabilmek için, şirketin üye sayısı 20’yi geçmemelidir, üyeler kurumlardan değil bireylerden oluşmalıdır ve yıllık ciro 5 milyon US $’ı aşmamalıdır.

HESABA GEÇİRİLEBİLİR TAHMİNİ GELİR (ECI FORMU)

ECI mali yıl bitiminin ardından 3 ay sonra ibraz edilmelidir. Bu formu doldurmak için, mali yıl için şirketin tahmini kazancı talep edilir.

YILLIK GELİRLER

Bunları hazırlamak için, denetlenmemiş veya denetlenmiş hesapların defter şeklinde tutulması ve hazırlanması gerekir. İlk mali yılda, bu belgelerin son verilme tarihi için şirketin kurulma tarihi esas alınır. Sonraki yıllarda tarihler sabittir.

C-FORMU

C-Formu, Kurumsal Vergi Formudur ve Singapur Kamu Gelirleri İdaresi tarafından talep edilir. Bu her yıl Kasım ayında sunulan bir belgedir.

Şirketler için Kurallar

  • Singapur’da iş kurmak için şirket kuruluşunun ardından altı ay içinde bir şirket sekreteri atayın. Eğer şirketin yalnızca tek bir müdür varsa, bu kişi şirket sekreteri olamaz.
  • Şirket merkeziniz, hafta içi 09:00 ile 17:00 saatleri arası en az üç saatliğine kamuya açık ve erişilebilir olmalıdır.
  • 20’den daha az bireysel hissedara sahip şirketlerin (Muaf Özel Şirketler), bir mali yıl için gelirleri 5 milyon $’ın altındaysa, bir denetçi ataması, hesaplarının denetlenmesi veya bunları Muhasebe ve Kurumsal Düzenleme Kurulu’na sunması gereği yoktur.

Bize Ulaşın

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