| General Information |
|
| Company Law |
Companies Act 1994 (amended in 2002) |
| Type of Company |
Private company |
| Language of Legislation and Corporate Documents |
English |
| Taxation of Foreign Profits |
Varies |
| Exchange Controls |
No |
| Length of Time to Incorporate |
1 week |
| Shelf Companies Available |
No |
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| Corporate Names |
|
| Name Restrictions |
Offensive names |
| Endings and Abbreviations Required |
Must contain the words "Limited" or "Berhard", and "Private" or "Sendirian", or its abbreviations |
| Length of Time to Verify Name Availability |
Two days |
| Reservation of Names Permitted |
Yes |
| Language of Name |
English |
| Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent or license |
Yes |
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| Capital and Shareholders |
|
| Minimum Number of Shareholders |
One |
| Local Shareholders Required |
No |
| Corporate Shareholders Permitted |
Yes |
| Disclosure of Shareholders |
Yes |
| Minimum Authorised Capital Required |
Yes |
| Bearer Shares Permitted |
No |
| Registered Shares Permitted |
Yes |
| No Par Value Shares Permitted |
No |
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| Directors and Officers |
|
| Minimum Number of Directors |
One |
| Qualifications of Directors |
Legal age |
| Officers Required |
Yes |
| Corporate Directors/Officers Permitted |
No |
| Local Directors/Officers Permitted |
Yes (sole director must be resident, if more than one directors are appointed at least one of them shall be resident) |
| Appointment of Subsequent Directors/Officers |
Resolution |
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| Meetings |
|
| Annual General Meeting of Shareholders Required |
No |
| Annual General Meeting of Directors Required |
Yes |
| Location of Directors and Shareholders Meetings |
Anywhere |
| Adoption by Consent Permitted |
Yes |
| Quorum required for purposes of meetings |
Determined by the Articles of Incorporation |
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| Local Requirements |
|
| Qualified Registered Office/Agent |
Yes/No |
| Government Register of Shareholders |
Yes |
| Government Register of Directors/Officers |
Yes |
| Government Register of Charges |
Yes |
| Register of Directors/Officers to be kept at Registered Office |
Yes |
| Company Seal Required |
Yes |
| Copy of Minutes to be kept at Registered Office |
Yes |
| Copy of Share Register to be kept at Registered Office |
Yes |
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| Annual Requirements |
|
| Minimum Annual License Fee or Franchise Tax |
S$315 |
| Annual License Fee or Franchise Tax Due Date |
Anniversary’s date |
| Applicable Surcharges |
Minimum S$50. Penalties increase gradually based on the amount of days the company fails to present its annual return. |
| Requirement to File Annual Returns |
Yes |
| Requirement to Submit Annual Audited Accounts |
Yes |
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| Other Relevant Information |
|
| Member of Apostille of the Hague Convention |
No |
| Increase or Reduction of Capital |
By director’s resolution |
| Redomiciliation Prohibited |
Yes |
| Reinstatement at Registry |
Yes |
| Removal from Registry |
Voluntary winding up or applying to strike off of the company. |
