General Information |
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Company Law |
Companies Act 1994 (amended in 2005) |
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 day |
Shelf Companies Available |
No |
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Corporate Names |
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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 |
1 day |
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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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. |