A: The registration of a Singapore Company usually takes 1 - 5 working days.
A: Yes, a Singapore company is required to have at least one local resident director. In order to qualify as locally resident, the person must be:
If you do not have a person who can act as the local director for your company, you can use our Nominee Director service to satisfy the local director requirement.
A: Each Singapore company must appoint a qualified company secretary who is knowledgeable and experienced with Singapore company laws. A company secretary typically assist the members and officers of the company with the following matters:
We act as the company secretary for all companies that we incorporate. Our annual company secretary retainer fee is for routine corporate secretarial services that include:
A: Minimum paid up capital requirement for a Singapore company is $1. The paid up capital can be listed in Singapore dollar or any other major currency. The concept of authorized capital has been abolished in Singapore. Whatever capital you list is treated as paid up capital and you will be required to inject this amount into the company. Paid up capital of the company can be freely utilized towards company's business expenses. There is no requirement that this money must be locked in the bank account for any specific period of time. How much paid up capital should I list for our Singapore Company?
How much paid up capital you should have for your company depends more on your business plans than anything else. Having a higher paid up capital will add credibility to your company when you are dealing with your suppliers, banks, etc. If you plan to apply for work passes for foreign staff, a higher paid up capital will be looked more favourably by Ministry of Manpower. There may also be specific paid up capital requirements for certain business licenses such as travel agency license, recruitment agency license, financial services license, etc.
If you want to list a paid up capital higher than the minimum S$1, you have two options:
Option 1:List a higher paid up capital at the time of incorporation
Keep in mind that whatever paid up capital amount you list, will need to be deposited into the company's bank account. Since we will be acting as company secretary for your company, we carry certain fiduciary responsibilities in this matter and have to ensure that the necessary paid up capital is in fact inject into the company. Therefore if you wish to list a paid up capital higher than S$100 at the time of incorporation, we will require you to deposit that money with us first. Once your company bank account is open, we will transfer the paid up capital amount into your company's bank account.
Option 2: Increase paid up capital after registration of the company
Under this option, you can increase the paid up capital anytime after registration of the company. In this case, the process is as below:
A: Yes, We offer a comprehensive range of services with the objective of being a one-stop service provider for all your company needs. For almost all of our clients, we handle annual statutory compliance requirements for their companies that consist of
Company SecretaryCompany Secretary - 1 Year
All Singapore companies must have at least one qualified company secretary, who is a resident of Singapore and have the relevant knowledge & experience with the Singapore Companies Act. This is a mandatory annual service provided by Microuniver, it includes the following:
Company Registered AddressCompany Registered Address for 1 year
All Singapore Incorporated entities will need a Singapore base registered address (PO box will not be qualified). The registered address must be physical where company records are kept and official correspondence can be sent and received. Microuniver's Company Registered Address includes: