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Our experts will also ensure that all companies going through the setup, registration, and incorporation phases adhere to Singapore’s legal and regulatory requirements.
What do you need to kickstart your incorporation?
01
A Company Name
- The Company Name is the business name registered with ACRA, this will be the name used in official documents and used in issuing invoices, receipts etc.
- The company may not use names that are obscene or religious in nature and should not be identical to an already reserved (or existing company’s name).
02
SSIC Code
- An SSIC code helps ACRA determine whether the company is required to apply for any licenses to carry out their business. Some SSIC codes also help to determine if a company is entitled to certain tax benefits by IRAS. In the broader picture, the purpose of an SSIC Code is so that the government can track ACRA business activity.
- You can choose One Primary and One Secondary Activity. If you are unclear of what SSIC code is suitable for your company, your Corporate Service provider will be able to advice you based on your description of your business activities.
03
Directors & Shareholders
- It is mandatory to have at least one local director in your Singapore Company. This Director will be responsible for ensuring that the company complies with its statutory requirements.
- The shareholders of a company are essentially the owners of the company, their approval is sought during General Meetings on matters that affect the company. They are also able to voice their opinions regarding relevant issues involving the management of the company to the directors.
04
Corporate Secretary
- A Corporate Secretary is someone who looks after your compliance with the relevant authorities. It is mandatory to appoint a corporate secretary in Singapore within 6 months of incorporation.
- The sole director of a company and the corporate secretary cannot be the same person. A company secretary must be a natural person and locally resident in Singapore.
05
Registered Office Address
- All Singapore companies must have a registered address in Singapore if they are registering for a local company business in Singapore. It must be a place with a physical local address. A P.O. box is not accepted.
06
Company Constitution
- A company’s constitution (formally known as the Memorandum and Association) is a legal document that:
- Describes the key characteristics of the Company
- Contains the rules and regulations for its governance
Company incorporation in Singapore can be tricky, especially when it comes to complying with the various rules and regulations. If you require help with this, contact us and take full advantage of our services and team of experts.
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- We’ll answer your questions in a chat or a call
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- Prepare a tailored quote for your specific need
Why Choose Ascentia Ace for Company Incorporation?
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