Company Registrar in Singapore
Company Registrar in SingaporeUpdated on Monday 18th January 2016
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The process of incorporation of a company may differ from one country to the other or from the one legal entity to another. Foreign investors who are interested in opening a company in Singapore should know that the main regulatory body in this field is the Accounting &Corporate Regulatory Authority (ACRA). ACRA can issue permits and licenses for various industries and gives the framework under which all companies must function; if you want to set up a company in Singapore, our team of lawyers can offer you assistance on this matter.
Companies set up by foreigners in Singapore
According to the Singaporean legislation, any foreign investor who is opening a company here has to appoint a Singaporean citizen for the directorate of the company; there are no other obligations in this matter, and the investor is not obliged to live in Singapore.
In the situation in which the investor wants to be in Singapore at the incorporation of the company and to manage from here the operations of the company, he or she must express this wish before the registration process; the foreign investor will receive approval in this sense from the Ministry of Manpower. As a foreigner relocating for a longer time in Singapore, you will need to obtain an Entrepreneur Pass or an Employment Pass.
For the incorporation of the company is required to use the services provided by legally approved entities, such as a law or accounting firm, which will act on the behalf of the investor for the registration process; Singapore legislation does not permit foreigners to register a company without the assistance of the above mentioned.
The registration can be submitted via ACRA’s on-line platform, named BizFile+; our lawyers in Singapore can offer you more information on the documents necessary for setting up a company.
Documents required by the Singapore Company Registrar
In order to incorporate a company in Singapore, the Company Registrar will require the following information:
• the company name;
• description of the business activity;
• details on the shareholder and the directors;
• the registered address of the company;
• details on the company secretary;
• Memorandum and Articles of Association.
The certificate of incorporation can be obtained from the on-line platform of ACRA. As such, the registration process can be completed very fast, in one or two days.
If you need further information on the registration of a company in Singapore, please contact our team of lawyers, who can represent you in this process.