A Singapore Private Limited Company requires at least one individual Director, who has to be an ordinary resident of Singapore, ie. one of the following: - Singapore citizen OR - Singapore permanent resident OR - Singapore employment/dependant pass holder.
Our representative may act as your company's local Director, should you have difficulties appointing a Director of your own.
* In addition to this, we will also collect a refundable security deposit of USD2,000 and a suitable indemnity is given by the company to protect our nominee directors.
Nominee Shareholder
A Private Limited Company must have at least one Shareholder, be it an individual or a corporation. One of our officers may act as a nominee on behalf of the beneficial owner and a suitable Declaration of Trust may be prepared upon request.
Nominee Agent
The Companies Act requires a foreign company to appoint 2 local agents in Singapore to act on behalf of the company. The agents must be ordinarily resident in Singapore. Our representative may act as your company's local agent(s), should you have difficulties appointing an agent or agents of your own.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
Companies operating internationally often deal with multiple currencies. Choosing the right currency to report financial results may seem like an accounting detail, but it actually affects how profits, costs, and performance are understood. This guide explains functional currency, why it matters, and how it differs from the currency you present your results in.
In today's increasingly fierce global business competition, enterprises are constantly seeking more favourable development environments. Singapore, with its stable political environment, low-tax policies, sound legal system, and highly internationalized financial system, has become one of the most attractive destinations for company registration in Asia.
Choosing the right company name is important. The name of your company will define its image, and will also be what your customers identify your business and company with. Marketing considerations aside, you also have to ensure that your chosen company name will be approved for registration by the Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) in the first place.
A company may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the Companies Register if it is no longer carrying on business. This process is known as "striking off" a company. Please do not close the company's bank accounts until all outstanding matters are settled. Once the company's bank account is closed and there is a tax credit owing to the company
