Singapore Company Registration

Frequently Asked Questions

• What type of company do you register in Singapore?
  The type of companies that we setup in Singapore is known as a Private Limited company (Pte Ltd company). It is a legal entity similar to a Limited Liability Company (LLC) that can have a limited number of shareholders, and its shares are not available to the public.
• Do I need to travel to Singapore at any point to setup my Pte Ltd company?
  No, the registrar of companies (The Accounting and Corporate Regulatory Authority “ACRA”) in Singapore is extremely efficient and all formalities can be completed remotely.
• Do I need to submit accounts for a Singapore Pte Ltd company?
  Yes, accounts should be submitted to the registrar of companies (The Accounting and Corporate Regulatory Authority “ACRA”). SFM, through its partners' local accountants, can take care of this formality for you.
  
  We will contact you in due course and ask you for your company financial documents to be able to produce accounts on your behalf. Documents required are usually bank statements, invoices, contracts, and receipts.
• How can I know if my Singapore Pte Ltd company will be tax liable?
  Please refer to our complete guide about Singapore Pte Ltd company taxation
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• Will my data be publicly available once I form a Singapore Pte Ltd company?
  Singapore Pte Ltd company officers' names appear in the Public Registry.
• Will my liability be limited if I setup my company as a Singapore Pte Ltd company?
  The shareholders’ liability in a Private Limited Company (Pte Ltd) is typically limited to the amount of shares respectively held by them.
• How many directors and shareholders should I appoint to my Singapore Pte Ltd company?
  A minimum of one shareholder and one singapore resident director should be appointed while registering a Singapore Pte Ltd company. If you are not a singapore resident then two directors (at least) must be appointed.
  One of the directors must be a singapore resident and you will be appointed as a second director.
  The necessary local singapore resident director services are obtained through SFM and our agent in consideration of the professional director service fees.
• How easy is it to open an account for a Singapore Pte Ltd company?
  If you would like your bank account to be opened in Singapore, this is possible and will require your visit to Singapore to meet the bank as the ultimate beneficial owner. Otherwise, we may assist in opening a bank account remotely in other countries. Generally speaking, Singapore companies are very well regarded internationally, and therefore opening a bank account is usually not a problem. Obviously, this will be subject to the bank's own decision and due diligence requirements.